What does the popular version of credit mean?

Popular credit purchase is a new way of shopping, which aims to enable consumers to increase the amount and rights of purchasing electronic equipment by accumulating credit value. The service covers all major e-commerce platforms, including Taobao, Tmall and JD.COM. Consumers only need to choose a credit purchasing machine to enjoy the service when purchasing goods, without any deposit or fee.

In fact, the realization of the open version of credit purchase can not be separated from modern financial technology. Its model is based on many technologies, such as user credit line evaluation, data risk control, real-time liquidation and so on, and judges the user's credit score through automatic algorithm. When consumers buy, the system will immediately deduct their spending quota and give credit rewards. In addition, if the user repays the loan on time and successfully completes the consumption, his credit rating will increase accordingly, and finally the amount of the machine he purchased will also increase.

It is worth noting that the popular version of credit purchase is not omnipotent, and there are certain restrictions on the goods and quotas it can buy. Consumers should read the purchase terms carefully before buying, understand the scope of their rights and interests, and avoid financial risks caused by excessive consumption. At the same time, when using credit to buy, we should also pay attention to protecting personal information and privacy to avoid risks such as information disclosure and fraud.