What is online credit?

1. What is online credit?

Online lending refers to the borrower and lender lending funds on the Internet platform. Online lending is mainly small-amount and originated from finance. In Europe and the United States during the crisis, online lending has a certain effect in easing short-term fund seeking, entrepreneurship financing, and opening up personal investment channels. Online lending is actually not difficult to understand. All certification, accounting, clearing and delivery processes are completed online. Both borrowers and lenders can achieve the purpose of borrowing without leaving home. The general amount is not high, there is no collateral, and it is purely a credit loan. . The characteristics of online loans are as follows: 1. Low loan threshold: most online loans are credit loans. You only need to provide personal ID information, proof of work, and authorize personal credit inquiry to apply for a loan; 2. Low limit: Since the application threshold for online loans is relatively low, the loan amount granted by lending institutions in order to avoid risks is not particularly high, which is more suitable for short-term, small-amount users; 3. The application process is convenient: Internet loans are often not as bank loans It takes a long time to review, and some loans can even be disbursed in a few minutes; 4. Flexible repayment: Most online loans support a variety of repayment methods. Risks associated with online business loans are eliminated as follows: 1. Abnormal environment: Online business loans indicate that there are risks. If you cannot borrow money, you can check whether you have logged in to your account in a different place or are operating in an unfamiliar network environment. It is recommended to change to a familiar network. Or go to the account security settings to see if the bound mobile phone number is correct, change the password and try again; 2. Caused by overdue: If the borrower's overdue repayment behavior leads to a decline in account credit, the system thinks There are risks associated with current borrowing. So don’t try to apply again in a short period of time. If the overdue debt has not been paid off, you should pay off the debt as soon as possible, and then slowly restore your credit score. Risks in online business loans are generally caused by the above reasons, so if you want to avoid risky behaviors, you must pay attention to the occurrence of the above situations. In addition, online merchant loans are risky and may be subject to risk control, but this situation is relatively rare.

2. What is online credit

Online credit is online lending. With the help of the Internet, you can complete all steps of loan application without leaving home, including understanding The application conditions for various types of loans, preparation of application materials, and submission of loan applications can all be found on the Internet

Online credit has the following two types

1. b2c model

< The b in p>b2c generally refers to banks, and some websites also provide products from loan companies. Generally, online b2c loans rely on online operations. Depending on the rules, some require applicants to go to the bank to apply offline. The main business entities of the b2c model are institutions with geographical restrictions, and the coverage still needs to be expanded

2. The reason why P2P is favored by people is the Internet and mobile terminals, and the most direct advantages of the mobile Internet are "convenience, efficiency, The flash loan model that is not restricted by "regional restrictions" is more optimistic and well-known to everyone. There is huge room for the development of China's mobile Internet consumer finance in the future.

Extended information:

You need to pay attention to the following four scams in online credit:

1. Open a website under the banner of a professional company

Such websites are often labeled as "loan companies" and have "agencies across the country" on the website. The purpose is to package themselves and further defraud the trust of small and medium-sized business owners. However, if you carefully observe this kind of website, you will find that they generally do not leave a landline number and address, only a mobile phone or QQ. In many "online loan scams", there are often slogans such as "no mortgage, no guarantee" and "same day loan". These slogans extremely accurately hit the key points of the majority of business owners and individuals who are in urgent need of funds, and are the reasons why they are always rejected. There are often no good mortgage assets or guarantees. In this type of scam, small and medium-sized business owners once take the bait.

3. Pretend to be a formal institution.

There are some scam companies that closely imitate well-known lending institutions. Websites are extremely deceptive. The pages of these fake websites are often similar to those of regular lending institutions, and project parties need to be more careful when making inquiries.

4. Scam

In online transfer scams, fraudsters will claim that the money needs to be transferred from an intermediate account to a fake bank website or a tampered website to transfer funds from the account of the small and medium-sized business owner.