Is Douyin's monthly payment a trap?

Is Douyin’s monthly payment a pitfall? This is an issue that many netizens are concerned about. Next, the PHP editor will bring you an introduction to whether the monthly payment function of Douyin is reliable. Interested netizens should follow the editor to take a look!

Introduction to whether Douyin monthly payment function is reliable

1. Douyin monthly payment is not a trap, Douyin monthly payment is An online financial service product launched by Douyin platform that “consume first, repay later”.

2. It is provided by the formally licensed Shenzhen Zhongrong Small Loan Co., Ltd. It is not an unknown platform with irregular funding sources.

3. Douyin Monthly Payment clearly informs the user of the information authorization agreement, user service agreement, consumer credit contract, non-student commitment letter, personal information protection policy, etc. before activation.

4. There is no charge for Douyin’s monthly payment credit line if you do not use it. When using it, if you choose not to make installments and repay the loan in full and on time, you can enjoy an interest-free period of up to 36 days.

5. If you feel it is useless after the Douyin monthly payment is activated, you can close and log out at any time. It is entirely up to the user's volition. It is not mandatory to activate and no cancellation is allowed, so the Douyin monthly payment is not a trap.

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