Research On Risk Control Of Personal Consumption Loans Of XY Consumer Finance Company

As China’s demand for consumption is gradually rising,consuming finance has become a new pattern.Consuming finance companies have not only made tremendous contributions to China’s economic transformation,but also greatly improved people’s living standards.In its developing phrase,consuming finance is also faced with some problems.Due to its short development and lack of experiences,consuming finance industry is still in an unstable state.Meanwhile,financial products also emerge constantly during the development of the science and technology,which makes it completely difficult to change consumers’ concepts.Thus,consuming finance industry will be confronted with more hardships in such a complex economic circumstances.If it is not dealt with in a timely and reasonable manner,it will affect the development of the whole industry of consuming finance and eventually the development of China’s economy.The author investigates the XY consuming finance companies in the form of questionnaire concerning its risky control situation and makes an analysis from the angle of employees from which there are some problems existing in the company.Through the analysis the author concludes that consuming finance companies are faced with risks in four aspects: the social security is not perfect,imperfect laws and regulations,and industry competition increase,post-loan management can’t keep up.From microcosmic angle for XY consumer finance companies risky control problems exist in personal credit business:slow response of loans risk early warning signals,and credit investigation,credit management examination become a mere formality,institutionalized after routing,employee motivation is not strong enough.The reasons for these problems lie in: 1)incomplete risk early warning mechanism;2)subjective consciousness influences judgment results;3)lack of internal communication platform;4)the implementation of post-loan management is not in place;5)the collection process is not clear;6)it is not enough to institutionalize process construction;7)insufficient incentive and binding force;8)innovation has not been implemented and so on.In view of this,the author designed for XY consuming finance companies in consumer finance company risk control based on the specific safeguard measures,to strengthen the qualification for the customer to control,set up the risk early warning forecast mechanism as well as the personal consumption credit business process optimization.The above three links of the XY consumer financial company’s risk control optimization process,and the three links,and have their own system under three link complement each other,promote each other,the final three link will reduce the XY consumer finance company’s credit risk,to promote the development of XY consumer finance companies do.We hope to provide reference for the development of China’s consumer finance industry and make a contribution to its development.