Do you believe the credit report? What will happen to Yixin?
If the user fails to repay the loan on time on the CreditEase loan platform, the bad credit record will be submitted to the credit information system of the People's Bank of China, which will have a great impact on the user's credit. For example, if people make car loans and mortgages, it will not be smooth.
Once the electronic contract between the user and CreditEase takes effect, if the repayment is overdue, the system will deduct your interest and inform you to repay. If you still don't pay back, go to the credit bureau to go through legal procedures, which will greatly affect your credit.