FAQ

Overseas Credit serves with a rigorous attitude, providing overseas people with financial help. We've provided you with a list of frequently asked questions.

img1.HOW TO CASH OUT MY BALANCE?

You can directly click on the account balance in the home page, you will be redirected to cash out page. Fill in the amount of cash, click "Next", and the balance will be returned to your default bank card after our staffs' audition in the background。

img2.HOW IS MY ACTIVITY CALCULATED?

Default: level 1

5 successful investment or loan: level 2

20 successful investment or loan: level 3

50 successful investment or loan: level 4

100 successful investment or loan: level 5

img3.HOW TO GET BONUS FOR INVITATION?

If successfully invite new users using invitation code, both the inviter and the invitee will receive $ 10 reward. When the invitee borrows or invests more than $ 200, both the inviter and the invitee receive a $ 5 investment reward (once for each invitee).

img4.WHAT ARE THE INVESTMENT REQUIREMENTS?

To spread the risk, each borrowing transactions exceeding 500 US dollars requires five or more investors. That is, the amount of each investment can not exceed 20% of the amount borrowed.

The amount of the loan is less than 500 US dollars. The investment amount of each group is fixed at $ 50. The minimum number of group is one, and the investors can invest multiple groups with the total amount up to 20% of the loan amount.

The loan amount is more than 500 US dollars and less than 5,000 US dollars. Each group has a fixed investment of 100 US dollars. The minimum number of group is one, and the investors can invest multiple groups with the total amount up to 20% of the loan amount.

The loan amount is more than 5000 loans. Each group has a fixed investment of 400 US dollars. The minimum number of group is one, and the investors can invest multiple groups with the total amount up to 20% of the loan amount.。

Example: The loan amount is 600 dollars, there are six groups of investment, each investor can only invest for at most 125 dollars (600 * 20% = 125, becuase the investment amount must be less than 20% of total amount). However, each group of fixed $ 100, so the minimum and maximun number of group will be 1.

img5.HOW LONG IS THE LOAN CYCLE AND WHAT IS THE REPAYMENT MODEL?

Each loan transaction is calculated on a different cycle depending on the amount.

The amount of the loan is less than $ 500. The borrowing period ranges from 1 to 6 weeks, and interest rates are calculated on a weekly basis.

The amount of the loan is between $ 500 and $ 5,000. The borrowing period ranges from 1 to 6 months, and interest rates are calculated on a monthly basis.

The amount of the loan is greater than $ 5,000. The borrowing period ranges from 1 to 6 months, and interest rates are calculated on a monthly basis.

Overseas Credit repayment method requires the equal principal and interest each month. That is, you repay the same amount per month including the principal plus interest.

img6.HOW TO CONTACT OVERSEAS CREDIT?

Search and follow on "overseas credit" Wechat, Weibo, and contact customer service personnel.

In addition, please visit our official website at: https://www.overseascredits.com. We will reply to you within one working day. Thank you!

img7.WHAT ARE THE FACTORS THAT AFFECT THE AMOUNT OF OUR CREDIT?

The credit score of the user is obtained after passing the overseas credit authentication. The credit grade is converted from the credit score. Each credit score range corresponds to each credit rating. Credit rating is a important basis for evaluating borrower default risk. The credit given for each new user is $ 200. After successful registration, your credit amount will vary according to your personal circumstances. Whether you have an SSN, whether you have a job and your annual salary, whether you are bound to a US bank card, your investments on Overseas Credit platform, whether you are studying abroad or not, and the active degree of borrowing are important factors for us to calculate your credit amount. Generally speaking, the higher the credit rating of borrowers, the lower the corresponding costs, the corresponding higher the success rate of borrowing.

img8.IS THIS SITE SAFE?

We have a systematic risk assessment system and a good security system. A professional legal team ensures safe and reliable use of APP, and customer personal information will not be leaked.

img9.DOES THE LOAN REQUIRE COLLATERAL AND COLLATERAL?

You do not need a mortgage or guarantee to apply for a loan through an Overseas Credit website.

img10.HOW TO MODIFY OR CANCEL THE LOAN APPLICATION?

After you issue a loan application, you can not modify or cancel the application. Please pay attention to fill in the information carefully when you publish. If you need to modify or cancel the application, you can contact customer service for assistance.

img11.HOW DO I REVIEW A BORROWER'S APPLICATION?

After the customer sends the loan application, Overseas Credit will carry on the analysis to the customer basic data. Through the network, telephone and other effective channels, we grasp the detailed and carefully investigate, to provide efficient and comprehensive credit review and management services. After the verification of the data and information is completed, it will be evaluated according to the personal credit risk analysis system, and the result will be decided by the experienced auditor after double auditing and confirmation.