Will Fenqile’s reminder payment really be sent to the place of residence?

No, it depends on your amount and time. They have local third-party cooperation units to come to verify the situation. Generally speaking, when they want to do this, they will not notify you at all, but go directly to you. If you go to your home, you can choose to record the situation to prevent them from doing bad things. If more than two people come to the door, you can directly choose to call the police. Now that you have received this text message, it says that you are still in the early stages. Under normal circumstances, you can choose to explain the situation frankly to your family and see if they can help you; if not, try to find a way, but never borrow something new to repay an old one.

1. Shenzhen Fenqile Network Technology Co., Ltd. was established in 2013 and is headquartered in Shenzhen. It is the largest installment shopping mall in China focusing on college students. With the vision of building the most trusted installment shopping mall for college students, the company faces the future, insists on innovation, is customer-centered, and continuously improves service levels as its mission. It focuses on Internet consumer financial services for young people and provides the latest trendy installment shopping malls for high-growth groups. Shopping and consumption methods provide the simplest and fastest processing process. Fenqile pioneered the Internet small and micro consumer finance business model. On the front-end of consumption, Fenqile has improved user shopping experience through cooperation with JD.com and others; on the back-end of debt processing, Fenqile launched Orange Financial Management in June 2014 as the exclusive agent for all debts of Fenqile, forming a "self-produced and self-sold" closed-loop ecosystem.

2. Loan (electronic IOU credit loan) is simply understood as borrowing money that requires interest. Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must be returned. Loans in a broad sense refer to the general term for lending funds such as loans, discounts, and overdrafts. Banks invest their concentrated currency and monetary funds through loans, which can meet the society's need for supplementary funds to expand reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation. The benchmark interest rate is a universal reference rate in the financial market. Other interest rate levels or financial asset prices can be determined based on this benchmark interest rate level. Benchmark interest rate is one of the important prerequisites for interest rate marketization. Under the conditions of interest rate marketization, financiers measure financing costs, investors calculate investment returns, and management regulates the macro economy. Objectively, a generally recognized benchmark interest rate level is required as a reference. Therefore, in a sense, the benchmark interest rate is the core of the interest rate marketization mechanism. To put it simply, if you usually deposit money in the bank, it will give you interest. The larger the base interest rate, the more interest; the smaller the base interest rate, the smaller the interest.