Why did I send a message to everyone in the address book as soon as I borrowed money and was collecting it?

Their system is wrong. Call their customer service to complain. This platform is like this. If you are overdue, I will send a text message to your address book every day.

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; Compared with the same period of 20 18, the refinancing rate increased by 2.4% to 69.8%.

Investment products

Dispersed label

Random bidding is the most original borrowing target on the auction loan platform. Investors can invest their funds in multiple bidding targets according to the time limit, interest rate and risk preference. In view of the high-risk targets in investment, patting loans will give risk warnings and encourage "small-scale decentralized" investment.

Xin rainbow

Xinhong is an automatic bidding strategy for users based on 1 1 big data. Using this strategy, users can achieve intelligent matching of goals and reduce the amount of guardian funds. All the lending funds are used for lending to the real loan targets issued by Paipai Loan official website, and the number of eligible loan targets is roughly between 10- 1000. Users can check their matching creditor's rights at any time, and truly make the creditor's rights corresponding to each fund clear and transparent. The target period of this strategy is ≤36 months.

Borrow products

Ordinary loan standard: applicable to the working class.

● Chinese mainland citizens aged 2 1-55.

● Need to prove a stable source of income.

● The fastest 1 day.

risk level

The core of the mirror risk assessment system independently developed by the auction loan is a series of risk control models based on big data. For each loan, the risk model will give a risk score to reflect the prediction of its overdue rate. Each scoring interval will be presented to both borrowers and lenders in the form of letter rating, which is called risk level. From a to f, the risk rises in turn.

Failed to sell in the auction because there was no bid.

Bidding failure refers to the state that the borrower voluntarily applies to abandon or exceed the bidding period and the loan is not approved because the comprehensive situation does not meet the loan requirements.

full marks

Full bid means that a loan slip has raised the required funds in full during the bidding period, and the progress has reached 100% waiting for the loan.

Average capital method

Matching principal and interest repayment means that the borrower repays the loan principal and interest in equal amount every month, in which the monthly loan interest is calculated according to the remaining loan principal at the beginning of the month and settled every month.

The difference in the payment of principal in the early and late stages of the loan is due to the equal monthly repayment amount, so in the monthly repayment in the early stage of the loan, after excluding the monthly settlement interest, the principal paid is less; In the later stage of the loan, due to the continuous reduction of the loan principal, the loan interest is continuously reduced in the monthly repayment amount, and the monthly repayment of the loan principal is more. That is, the proportion of principal in the borrower's monthly repayment increases month by month, and the proportion of interest decreases month by month.

capital

Principal refers to the original capital invested by the lender at the end of the loan.

interest

Interest refers to the reward that the lender gets from the borrower for borrowing money. On the loan auction platform, the interest is formed by the borrower in the form of parity, and the maximum annual interest rate that can be set is 4 times of the benchmark interest rate of the People's Bank of China. Interest problem for prepaid users: 1. For some prepayment, interest will be calculated as usual, and there will be no reduction in interest; 2. One-time prepayment, with interest calculated according to the number of days actually occupied by funds.

Automatic bidding

Automatic bidding is a tool to help lenders make bidding decisions. Lenders can automatically bid by setting their own bidding conditions and bidding amount. Automatic bidding greatly reduces the time consumption of lenders.