With the rapid growth of the Internet, the Internet-based lending sector has grown rapidly. More and more people are choosing to borrow from a web-based lending platform because of the relative ease of borrowing and speed of approval. However, for some borrowers with poor credit records, the posting of letters has become a challenge in obtaining loans. So is there any web-based lending platform that doesn't get letters? It will be analysed from multiple angles with a view to revealing possible options。

Which network doesn't have a letter

First, it needs to be made clear that IRS is of some importance to both web-based lending platforms and borrowers. Through the letter-in-service system, the Platform is able to obtain key information, such as the borrower ' s repayment records, overdue status and so on, thereby reducing the risk of bad debts. For borrowers, the letter record is an important indicator of an individual ' s credit position, and a good letter record can help borrowers to obtain lower interest rates and better borrowing conditions. It is therefore difficult to find a web-based lending platform that is completely untrustworthy。

However, in practice, there are still web-based lending platforms that are less stringent for the recording of letters or that use other assessment methods to replace letters of call. First, there are micro-credit platforms, which, given their relatively small amount of borrowing and their greater focus on the ability of borrowers to repay, are more inclined to assess borrowing applications by verifying the borrower ' s income and working conditions. This approach may, to a certain extent, avoid the problem of poor record-keeping。

In addition, a number of web-based lending platforms use social data to assess borrowers ' credit status. They assess the credit risk of borrowers by analysing their activities and networking on social media platforms. This approach, which is more flexible than traditional credit records, provides a more comprehensive picture of borrowers ' credit position and provides a way for people with a certain social dynamism to obtain loans。

In addition to these two approaches, there are web-based lending platforms that circumvent the letter of call by auditing collateral provided by borrowers. For borrowers with property such as real estate and vehicles as collateral, these platforms are more concerned with the value and negotiability of the collateral than with the recording of letters of credit. Such an approach would provide a lending programme for those with a certain asset but with a poor credit record。

In summary, while there are fewer web-based lending platforms that are completely untrustworthy, we can choose a more appropriate web-based lending platform from the perspective of smaller borrowings, social data assessments and collateral audits. Of course, borrowers should exercise adequate due diligence in choosing a web-based lending platform to ensure its legitimacy and reliability so as not to fall into the trap of illegal borrowing or usury。