Has Phoenix Finance ever been overdue or defaulted?

Since February 2020, Phoenix Financial's online loan products have defaulted on a large scale. Basically, the maximum default probability can reach 1/5, and the longest is more than half a year, but it has not been solved. Jin Feng's statement is to step up the collection, and then there is no more.

In addition, if you look at the contract carefully, you will find that Jin Feng Platform will not guarantee any online loan funds from its own channels at all, and all risks depend on the guarantee company. If there is a large-scale breach of contract, the guarantee company can't repay or settle claims in time, or even run away, then Jin Feng will not bear any responsibility, and you can only watch your money overdue and see no hope, and it is likely to turn into bad debts in the end.

In addition, I can only say that you think too much about the penalty interest upstairs. There are many old-timers in the country, so just pay back the principal.