Is CreditEase Loan a Fraud?

Yes, CreditEase Loan Company is not very reliable, because it will cheat your trust, bring you money at high interest rate, and then call your relatives and friends through your telephone records to cheat their money and damage your reputation, so CreditEase is deceptive.

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1, CreditEase Loan

CreditEase refers to unsecured and unsecured credit loans obtained by borrowers (such as college students, working-class people, poor farmers, WeChat business owners and other high-growth groups) on CreditEase's P2P credit service platform. Here, CreditEase, as an intermediary service platform, neither absorbs deposits nor lends money, but helps borrowers to obtain credit loans from city lenders with spare money through intermediary credit review and risk control services, so as to meet the capital needs of lenders while helping borrowers obtain funds.

2. Features

① Risk dispersion

Through the platform of CreditEase, the lender's funds will be lent to different people, and the borrower's money will come from different lenders. Because the lender's funds are divided into multiple shares and lent to multiple lenders at the same time, the natural risk diversification advantage of P2P model greatly reduces the possibility of overall default.

② Direct transparency

Lenders and borrowers directly sign personal loan contracts to get to know each other's identity information and credit information one-on-one. Lenders know the borrower's repayment progress and improvement of living conditions in time, so as to truly and intuitively experience the value they have created for others.

③ Low threshold

Peer-to-peer lending makes small credit transactions between individuals convenient, and everyone can become a disseminator and user of credit.

3. How to deal with CreditEase's loan?

(1) overdue interest and late fees are not calculated within the grace period, but after the grace period. The overdue fine is 5% of the arrears, and the interest is calculated at the daily interest rate of 0.05%.

(2) If the payment is overdue once, it will be repaid immediately in a short time, which will not affect personal credit.

③ It has certain influence on abstinence.

(4) If it is overdue for more than 60 days, the overdue record will be uploaded to the personal credit information system. ⑤ If loans overdue lasts more than 90 days, CreditEase will mark your credit as bad, which will affect your re-applying for a loan in the future.

4. Is CreditEase a usury?

CreditEase loan is not usury.

Loan terms:

① China citizens who have a permanent residence or valid residence certificate at the place where the loan is located, are under the age of 18 -60 (inclusive) and have full capacity for civil conduct;

(2) Having the ability to repay the loan principal and interest on schedule;

③ Good credit record and willingness to repay, and no bad credit record;

(4) There must be no bad record in the bank.

You can apply for a loan with a monthly income of more than 2000 yuan.