Is it true that the loan on WeChat is frozen?

If loans overdue, it will not freeze the funds of WeChat. Only the court has the right to freeze funds. After using the auction loan, you must repay it on time, and there can be no overdue repayment, because overdue repayment will generate penalty interest. The longer the time, the heavier the burden of subsequent repayment.

Auction Loan (NYSE:PPDF) is a financial technology company, which was established in Shanghai in 2007 and successfully listed on the New York Stock Exchange on 201710.

As of 2065438+June 30, 2009, the cumulative registered users of auction loans reached 99.02 million. The cumulative number of borrowers is 6,543,800+0,340; Investment users totaled 644,400, achieving sustained growth; The refinancing rate increased by 2.4% to 69.8% compared with the same period of last year.

As the first governing unit of China Internet Finance Association, the company puts legal compliance in the first place, follows the essence of finance, takes data as the cornerstone, provides financial services for users with innovative technologies, and continues to invest in the fields of financial technology and smart finance, and develops a "magic mirror" big data risk control system integrating big data, cloud computing and artificial intelligence.

Paipai Loan also applies big data analysis and ai-centered technology to credit review, risk control, precision marketing and intelligent customer service, and strives to practice the concept of "* * * benefiting the people's economy" to help the development of inclusive finance and China.

On June 8, 2007, the website was launched and the auction loan was formally established.

In June 2009, 5438+ 10, the number of registered users of auction loans exceeded 65438+ 10,000.

201April 16, with the support of Shanghai industrial and commercial bureau, Paipai Loan was officially renamed as "Shanghai Paipai Loan Financial Information Service Co., Ltd.", and the business scope of the company expanded to a wider range of "financial information services", becoming the first company in P2P peer-to-peer lending industry to obtain the qualification of financial information services.

In June of 20 12, 5438+00, a round of financing was completed by auction loan, and the investor was Sequoia Capital China.

20 12 12 2 1, Paipai Loan became one of the founding members of the enterprise alliance of online credit service industry. The alliance, initiated by Shanghai Information Service Industry Association, is the first online loan enterprise alliance in China. Tu Guangshao, member of the Standing Committee of Shanghai Municipal Committee and Vice Mayor, and Zhou Yupeng, President of Shanghai Modern Service Federation jointly unveiled the alliance.

20 13 12.3, pat on the loan to join the internet finance professional Committee, a professional organization in the internet finance industry.

The Committee is led by the Payment and Clearing Association under the central bank and initiated by 75 institutions including the auction of loans. Its members include 18 of the most powerful commercial banks in China, including the four major state-owned banks, well-known domestic Internet companies such as Alipay and Tencent, and well-known research institutions such as Tsinghua Wudaokou Finance College. It is the first industry organization that the regulatory authorities participated in.

On April 20 14, the second round of financing was completed by patting the loan, and the investment institutions were Guangsu China Venture Capital Fund, Sequoia China and noah wealth.

On March 20 15, Paipai Loan officially released the "magic mirror" risk control system, which is the first risk control system based on credit big data in the industry. Can accurately predict the risk probability of the loan target, and make risk pricing on the basis of accurate risk control rating.