With the development of Internet finance, Internet lending has become a new form of borrowing. The advantages of network lending over traditional bank lending are simple procedures and speed of lending. As a result, more and more people are choosing to lend to finance. However, the regulation of the network lending market is also relatively weak, and borrowers are at risk of falling into a debt trap if they do not pay attention to sound borrowing methods. Among them, the issue of correspondence is a point requiring special attention。

How many letters did you pay for the Internet loan

Network lending requires a credit assessment, which involves personal letters. If the borrower borrows from multiple platforms, his multiple borrowing records are recorded in individual credit reports, which has a negative impact on credit evaluation. It was therefore a joke to say that more than five letters of credit had been spent on the Internet. While that phrase was somewhat exaggerated, it did conceal a profound truth。

Of course, the integration of domestic agencies is now progressing, and this issue will be improved to some extent in the future. However, as a borrower, care needs to be taken to make a reasonable application for borrowing. It would be preferable to select large web-based finance platforms and avoid the selection of small platforms for borrowing, which often have problems, such as unlicensed operations, high fees and illegal operations。

In addition, borrowers need to know the interest rates and repayment modalities of each platform before they can borrow on the Internet. There are differences between different platforms, which need to be compared to their own circumstances. At the same time, borrowers need to make a careful assessment of their ability to repay their loans on the Internet and cannot borrow blindly, otherwise the consequences may be very serious。