Are the credit evaluations of online lending platforms trustworthy?

Learn from Soldiers

As online loan filings are quietly postponed, more and more P2P platforms are beginning to find other ways to make a living. Some platforms that looked glamorous before can no longer be delayed and have automatically or been forced to announce their withdrawal.

For example, an online lending platform in the northern region looked very beautiful before the incident in early July. Unexpectedly, a message that appeared in WeChat Moments in the early morning became a platform to crush this institution that was previously regarded as a leading institution by rating agencies.

In the "May P2P Online Loan Platform Information Disclosure Ranking" released by a third-party platform, the platform ranked 28th; 003010, ranked 36th. And similar ratings also appear in the lists of other third-party platforms. Because of this, the well-known platform’s announcement of a healthy exit that day really surprised many people in the industry.

If you only choose based on the ratings of third-party platforms, then the top 30 platforms in China will suddenly explode, and it is estimated that more people will follow them. This has triggered people’s thinking: Are the current rating lists of domestic online lending platforms reliable? How true is the information on which these ratings are based?

In the past, the domestic public was only familiar with corporate bonds or bank credit ratings.

In recent years, in addition to the three major European and American rating agencies (Standard & Poor's, Moody's Investors Service, and Fitch Ratings Co., Ltd.), some domestic rating agencies have also launched credit rating services. However, a year after a domestic rating agency was forced to cease operations due to excessive fees and blind ratings, the reputation of domestic rating agencies has been severely damaged. Chinese people, especially financial institutions, have greater trust in the three European and American giants.

As for the rating of Internet finance, it has only just emerged in recent years.

Feel free to browse the website pages of third-party platforms. Today, "Langya List of P2P Rectification and Registration Progress in June" just happened to be released. The report shows that platforms such as Tuodao Jinfu and First Ejia are among the top ten in the compliance list.

The chart shows that this list is mainly completed in the form of classification and item-by-item scoring. The information category includes 15 sub-items such as letters and bank deposits. Among them, except for the three major hardware products of tertiary insurance, bank depository, and telecommunications ICP license, which only have relatively certain business scope and whether there is a self-examination report, the other options are very flexible in content, such as liquidity management, whether all Bids are decentralized, underlying assets disclosed, etc. Unless they are core personnel of the company, it is difficult for outsiders to know the real situation.

Not to mention anything else, as far as credit is concerned, there are still online loan platforms claiming that there is no overdue payment and no compensation. If there were still a few investors who believed it before the thunderstorm in the Spring and Autumn Period of 2018; now, it is estimated that no one believes in these so-called information that goes against common sense.

So, here comes the problem. Since the authenticity of these sub-information is very questionable, what is the current basis for rating these websites? Strictly speaking, due to the lack of comprehensive and authentic first-hand information, the current rating lists of various third-party platforms are basically rough estimates.

For online loan platforms, hard-core content that outsiders can know, such as level 3 insurance, needs to be clearly stated by the public security department, so people all over the world can find it. It is not a secret; if you don’t want the outside world to know, The online lending platform will not disclose it at all. Even within the company, there are no more than three core people, and ordinary employees don't know about it at all, let alone external third parties.

Therefore, in daily financial management, investors should choose a reliable online loan platform. The third-party ratings can be used as a reference at most, and they must not be solely relied on to guide operations. If you simply invest based on the list, the final result may not only be a joke, but also lose all your money. If you don’t believe it, you can look back at well-known platforms like Tuandai.com and rate the previous positions and ratings, and you will naturally understand how serious the consequences of blind belief are.

So, why do online loan ratings still exist? And often appear on the homepage of some third-party platform websites? Of course there is still market demand for it.

In the first few years when online lending was growing wildly, funds from all walks of life poured in, and the entire industry was flooded with funds. At this time, the third-party rating list

As online loans are being liquidated at an accelerated pace, funds in the industry are becoming increasingly tight, and the platform is severely polarized. More and more investors are beginning to focus on leading platforms. At this time, the rating list of the third-party platform has a credit-enhancing effect in a sense and becomes a reference for investors to choose investment targets.

Because of this, the author hereby calls on those third-party platforms that are still compiling rating lists to be more careful and try to obtain first-hand real information. Otherwise, there will be endless troubles, which will ultimately harm yourself and others. Related Q&A: Related Q&A: What are the more reliable P2P financial management platforms currently?

Jie Yue joint offline platform "Qian Xiang Financial Services" specializes in financial management. It depends on the company's qualifications. 1. ICP business license is required. Currently, there are only more than 180 companies in the country with this certificate. Four points Three of the platforms are not available. 2 Hengfeng Bank, one of the 12 largest commercial banks in the country, has passed the fund custody and filing. The self-inspection report in September and October also passed the Beijing Municipal Financial Bureau to ensure the safety of the funds. 3. The third-level guarantee certificate is supervised by the Ministry of Public Security. Currently Only about 180 families have this. 4. Information leakage. Lending and financial management customers can find out the authenticity of the borrower’s ID number, name, address, and workplace through the platform, and the purpose of the loan is transparent to the borrower. 5 shareholders have two joint-stock companies. 1 Shanghai Chia Tai Group has been listed in Hong Kong for 12 years. The State Council has 51% of its shares and ranks among the top 3 in the national financial industry. 2Beijing Derun Tianheng Investment Development Co., Ltd. 6. The national customer service hotline number "95145" was approved and issued by the Ministry of Industry and Information Technology. 7. The white paper on China's P2P industry was personally written by the company's CEO Wang Xiaoting. It has only been low-key for five years. 8 At present, the country's supervision is becoming more and more strict. Illegal platforms will be quickly banned, rectified or even closed. You must keep your eyes open before investing. If you don't understand, you can check it in Tianyan. China Internet Finance. If you don't understand the National Association of State Administration for Industry and Commerce, can you ask me?