Is love credit reliable

The risks of unreliable and credit-loving personal micro-credit loans generally include:

(1) The personal credit information system is not perfect. Personal consumption credit risk mainly comes from the borrower's repayment ability and personal credit risk, that is, the fluctuation range of personal income and the level of moral quality cultivation. Personal credit status is also closely related to the credit environment of the whole society.

(2) There are defects in the self-management of commercial banks, which increase the potential risks. At present, although the domestic commercial banks continue to strengthen the system construction, the overall management level is still not high, and it is difficult to jump out of the strange circle of "chaos once released and death once caught". The relevant laws and regulations are not perfect. At present, China does not have a national law to regulate consumer credit activities and adjust consumer credit relations.

(3) The blind marketing and unplanned distribution of consumer credit have caused great risks. In recent years, in order to expand profitability and seize market share, commercial banks have encouraged their branches to vigorously develop personal consumer credit business.

Risk of using credit card to invest in online lending platform

1, platform risk

If investors are unfortunate enough to step on thunder, it will be difficult to recover the funds invested through credit cards when encountering such a platform.

2. Legal risks

On June 20 14, the central bank issued "Risk Tips for Payment Business-Intensify Audit, Improve Management Level, and Prevent Risks of Online Credit Platform", emphasizing that credit card cashing is illegal.

3. Credit card repayment risk

In the event of a credit card P2P risk event, investors are prone to the risk of not having enough funds to repay their credit cards in time, and then they will face the risk of interest payment of credit cards.

4. Risk of credit card limit reduction or cancellation.

Once the credit card department of the bank notices the behavior of cashing out large amounts of credit cards or investing through websites, it is likely to affect the personal credit limit. The average bank will choose to moderately reduce the credit card limit, and even cancel the credit card in serious cases.

5. Credit record risk

Credit card P2P may not only affect the bank's credit card quota, but also bring the risk of bad personal credit record. For example, once it is identified as a suspected credit card cash investment by a bank, such records may affect investors' personal loan business such as mortgage and car loan in the future, resulting in an increase in loan interest rates or even inability to lend.

For P2P investors, they need to bear the dual P2P financial risks from the platform and borrowers. Once there is a risk, it will have a great impact on credit card P2P investors. I hope that everyone should carefully weigh the harm caused by the above risks before using credit cards to invest in online lending platforms.