Want a Loan in China? Keep Your Phone Charged

I haven't missed a payment for 20 years, but I also don't charge my phone on weekends and never answer a call from a number I don't recognize... so including lifestyle metrics tends to worry me. If you were to look at my lifestyle superficially I'd likely appear high-risk... social engineering against anyone outside the norm scares me.

And maybe worst: people who try to avoid all that snooping are probably also flagged as high-risk.

I always hear that everyone invest in real state (even in the middle of nowhere) because nobody is allowed to lend money in China.<p>if there are so many people wanting to borrow, where&#x27;s the huge informal money sharks? I&#x27;m guessing there are none or they are even worse than a company that violates your privacy on your phone.

Robosigning just this time literally and on a grander scale. It works well, it is fin-tech (TM) and the technology limits the risk. It will stop working well when the music stops as it always does. Let&#x27;s just hope the lenders sources of capital are diversified and there is no AIG like entity involved.

It seems quite natural. If you are able to fulfill your obligations you are able to fulfill your obligations. It separates responsible people from the ones that are not.<p>OTOH, it may become quite lucrative to hack your own phone in order to make the risk assessment company believe that you are low risk!