Is the third-party loan recommended by the auction loan reliable?

Not reliable. Paipai Loan is a financial technology company, which was established in Shanghai in 2007 and successfully listed on the NYSE on 20 17 1 10. It is a formal financial lending company, but the third-party loan recommended by the auction loan is not reliable. Users need to pay a deposit to make a loan, and the companies that pay the deposit before lending are informal.