Research On The Factors Affecting The Success Rate Of P2P Credit Business In China

Peer to Peer Lending is one of the important industries that have arisen and developed in recent years,which is an important part of internet finance.The first peer-to-peer lending platform in China,Ppdai was established in 2006,and in the following years,the rapid development of P2 P platform has become an important force affecting China's financial market.The P2 P credit business contains a wide range of content.The consumer credit business for P2 P platforms operates in a very important proportion.Therefore,in the business operation of the P2 P platform,one of the most important businesses is the promotion of personal loans to individuals.As personal consumer credit business occupies an important position in P2 P industry,it is of great significance to study the success rate of personal credit in P2 P industry and its related influencing factors.This article is to study and discuss the personal consumer credit business of China's P2 P platform.This paper first analyzes the overall development,operation mode,existing problems and risks faced by P2 P industry in our country,and analyzes the macro background and environment that affect the success rate of P2 P industry in China.In the course of the research,the article also analyzes the domestic and foreign scholars' existing theoretical documents and achievements on P2 P personal credit business,and studies,collate,summarize and analyze the academic achievements of previous scholars so as to provide better research results for this article Experience and reference.In the study,we found that scholars at home and abroad are more about the influencing factors of overall development of P2 P platform,regulatory policies and so on.The research on the success rate of P2 P platform reception is relatively less,and the theoretical analysis and results are still relatively small.further improvement.This paper takes the Ppdai of P2 P platform as an example to analyze and study the personal credit business of the Ppdai platform in detail,and grasps the personal credit data related to the Ppdai platform,and uses variance analysis,logistic regression,gradual regression,random forest and other methods,the use of SPSS software,R language analysis and research.Through the analysis of the related loan projects of the Ppdai platform and the empirical research on the factors influencing the success rate of the personal credit of the Ppdai platform,the following conclusions can be drawn.First,for a certain individual's P2 P loan program,the better the credit status of the borrower,the lower the overdue rate of the same platform is,the more it can improve the success rate of the credit business.Second,the success rate of the loan also related to the duration of the loan and the magic mirror grade(credit rating).The longer the loan term,the higher the magic mirror grade,the higher the success rate of borrowing.Finally,this paper puts forward some suggestions on how to improve the personal credit success rate of P2 P platform in our country.Our P2 P platform can improve the platform's own quality by strictly controlling the risk of loan projects,screening high-quality borrowers and improving the transparency of loan information to increase the loan project success rate,and promote the healthy development of P2 P platform.