First, is the installment loan beauty legal?
That is, it belongs to a mobile consumer finance platform under Focus Finance in stages. Focus Finance is connected with formal financial institutions such as banks and consumer finance companies, so the platform is legal and formal. However, it is precisely because the loans of medical and American industries are not perfect, so many intermediaries will take advantage of this and cooperate with some American institutions under the banner of loan platform to induce consumer loans. When consumers actually receive short messages from the loan platform, these intermediaries will take money and run away. In this way, consumers not only can't get a penny, but also have to repay the arrears. Therefore, loans must be cautious, and don't trust others easily, so as not to be deceived. Moreover, we should pay attention to whether the real interest rate of the loan platform exceeds the relevant state regulations and stays away from usury products.
Second, is it the credit report of installment beauty loan?
As shown below: 1. That is, when the installment American loan failed to repay on time, the credit was urged at the meeting. Therefore, users should repay on time, so as not to affect personal credit information. Bad records are kept for 5 years after the end of credit investigation, and will be automatically eliminated after 5 years, otherwise they will always exist. If the user fails to repay the loan after using the beauty loan, the platform will call or send a text message to remind the user, which will not affect it at this time. If you don't repay the loan, the platform will use other ways to collect the loan, which may affect your normal life. When users have difficulty in repayment, they can borrow money from relatives and friends as soon as possible to avoid being collected, which will not affect personal credit information. But don't borrow money from friends often, it will affect our feelings.
To sum up, don't lend casually, especially if there is no source of funds, there will be cases where you can't get the money, which will affect your personal credit record. If you need money urgently, go to the formal platform to borrow some money, but pay it back in time to avoid being collected.