Consumer finance said that the loan phone has been located to your location through mobile phone positioning, and someone led a team to the scene to enforce the law at 4 pm. Is it true or not?

This is a bluff. Except for the Public Security Bureau, no institution can locate the personal position, not to mention the online lending platform, which will only scare you to pay back the money.

Personal loan, also known as retail loan business, has become an important loan business after decades of development. Personal loans refer to local and foreign currency loans issued by banks or other financial institutions to natural persons who meet the loan conditions for personal consumption, production and operation. When a lender issues a personal housing loan, the borrower must provide a guarantee. If the borrower fails to repay the principal and interest of the loan at maturity, the lender has the right to dispose of its collateral or pledge according to law, or the guarantor shall be jointly and severally liable for repaying the principal and interest.

1. Personal loan (hereinafter referred to as "personal loan"), also known as retail loan business, rose in western countries after the Second World War and has become an important loan business after decades of development. The main reasons for the rapid development of western retail loans after the war are: first, the competition among financial institutions is becoming increasingly fierce, and the importance of retail business is recognized; Second, after the war, the economic development in the western region was relatively stable, personal income increased, and people were willing to use loans for consumption; Third, the emergence of a large number of credit reporting agencies enables banks to know the credit status of borrowers conveniently and quickly. China's personal loan has been implemented in Shenzhen, hoping to stimulate the development of China's financial industry in more channels, directions and diversification.

2. There are also non-bank professional financial institutions in Beijing that provide professional small personal credit loan services, which is the first in the industry, and the wealth management products are constantly improving, and the rates are similar to those of banks that can provide credit loans. Under the background of the emergence and development of personal loans in China, residents' personal income has increased substantially and residents' savings have increased rapidly; The consumption structure and lifestyle of residents have undergone revolutionary changes; The government has a positive attitude towards personal loans; It is attractive for banks to obtain high-return personal loans with high risks;

3. The present situation and prospect of personal loans in China. Personal loans are not rich enough to meet the financing needs of individuals with different income levels; The traditional consumption concept is a big obstacle to the development of personal loans; The imperfect social security system inhibits people's demand for personal loans; An effective risk management mechanism has not been established; Lack of external mechanism to help banks control and resolve personal loan risks; Personal loan has a bright future and a tortuous road.