The landing of the auction loan is a collection method of the auction loan, which mainly means that the auction loan begins to collect the people who owe money, and even involves prosecution in this process. So if this happens, it is better to communicate with the staff of the development loan as soon as possible and repay the loan in time.

I. Development of auction loans

Auction loan was originally a platform to attract investors to invest and lend abroad. However, with the change of the industry situation and the adjustment of its own structure, development loans have also begun to retreat and transform. After the transformation, after the auction, it will not lend to users, nor will it absorb investors' deposits, but help the loan business. It can be simply understood as a "loan supermarket" platform, which matches the cooperation between borrowers and lending institutions and helps users with loan needs to find suitable funds from licensed financial institutions. However, even the outstanding debts of borrowers who borrowed loans in the past must be paid back, otherwise they will be treated specially, put pressure on borrowers, and even be prosecuted and enforced.

Second, the arrears should be repaid in time.

Some platforms will decline, close down or even transform during the rectification process. Although such platforms have closed down, the fact that borrowers owe money also exists, so they still have to repay on time in this process. Under normal circumstances, there will also be relevant staff to communicate. When these platforms borrow money, they will not submit credit information, but if they do not repay in bad faith, they will also upload their arrears to the credit information. So don't take chances, borrow money or repay it in time. If the profit is not high, you can sue yourself and safeguard your legitimate rights and interests. But as long as the interest rate is within the scope of judicial protection, I have to bear the responsibility, work hard and repay the loan seriously. After timely repayment, I will feel relaxed and my life will become more enjoyable.