Is it reliable to borrow money from WeChat micro-loan?
When people apply for a loan by using WeChat micro-loan, the system background will query the applicant's personal credit information according to the regulations. If the borrower's personal credit information is poor, it will not be able to successfully pass the application. At present, the micro-loan on WeChat adopts the system invitation system. If you are not invited, you can't use the micro-loan on WeChat. When applying for micro-loan to borrow money, users will not be required to hand in any collateral, and the arrival speed is very fast, and there is no cost except deducting interest and penalty interest. Small loans are supervised by the national regulatory authorities, and borrowers can apply for loans on this platform with confidence.
Wechat micro-credit security
When a borrower applies for a small loan, the system background needs to check the borrower's personal credit information and require the applicant's WeChat to be bound to the bank card. When applying for a loan, it is necessary to verify the borrower's payment password and mobile phone number in order to verify the borrower's real information. After all the information is verified, you can formally apply for a loan on the platform. If you apply for a large loan on this platform, you need to further verify the personal information of the borrower.
Does microfinance have an impact on borrowers?
Micro-loan is a financial loan product launched by formal financial companies. As long as the borrower repays in time according to the provisions of the platform, it will not have any impact on his personal credit information. If the borrower fails to repay the loan in time according to the time stipulated by the platform after applying for a loan with low profit, it will directly affect the personal credit information of the borrower, and these borrowers cannot apply for a loan on other financial platforms. If the borrower is overdue for a long time, it will leave a bad record on personal credit, which will directly affect the application for a loan from the bank.
Wechat micro-credit is a product launched by the formal financial platform. Wechat users can use micro-credit with confidence. As long as they apply for loans on the platform and repay them within the time specified by the platform, it will basically have no impact on the personal credit information of borrowers. Once the borrower fails to pay off the loan in time after applying for a loan on the platform, it will have an impact on his personal credit information and will directly affect his application for a large loan from the bank.