Unofficial small and medium-sized financial institutions, such as various loan platforms, especially after the development of P2P, borrow money from people in need for free, consult many loan platforms for survival, and mortgage will provide some small loans. They generally don't inquire about customers' credit information and have no specific requirements, so they are a better choice.
Peer-to-peer lending refers to direct lending between individuals through the Internet platform. Individuals include natural persons, legal persons and other organizations. As a new lending platform in peer-to-peer lending, loan companies usually operate online, so they can operate at lower management costs and provide cheaper services than traditional financial institutions.