The platform uses “rebates and order-brushing commission” as bait to reduce users’ vigilance about lending, and to prompt users to initiate multiple loans; it collects users’ full funds under the pretext of “one-time settlement,” but does not fulfill repayment obligations to the lenders—in essence, it misappropriates users’ funds for the platform’s cash flow or other purposes; the loan contracts between users and licensed financial institutions/banks are genuinely valid, so the platform’s collapse does not directly relieve users of their repayment responsibility, which therefore will directly affect personal credit records.