With the popularity of the Internet, the Internet has entered thousands of households, which is even more indispensable to modern people's lives. Many new things closely related to each of us have emerged, such as takeaway, shared bicycles, mobile payment functions, online shopping, live broadcasts, etc. Online loans are also one of them. There are thousands of online loan platforms, such as Paipaidai, Du Xiaoman, Youqianhua, etc., and there are also financial businesses that started with their own platforms, such as JD Gold Bars, Alipay Jiebei, Online Merchant Loan, Meituan Loan, etc.
First of all, online loans generally do not require collateral, and are credit loans. Unlike bank credit loans, the threshold for online loan application is relatively low. Some platforms even claim that there is a limit of tens of thousands or hundreds of thousands when evaluating mobile phone numbers. Of course, this is a bit outrageous. Online loans also require individuals to fill in their personal detailed information, ID cards, mobile phone numbers, work, annual income, etc. on the platform. According to big data, your final limit will be reviewed. The review time is shorter than that of banks, the limit is higher than that of banks, and the threshold is also lower. This has led to most post-80s and post-90s now spending ahead of time and being heavily in debt. Secondly, the interest rate for online loans is much higher than that of bank credit. The lower the threshold, the higher the interest rate. It can be said that it is high risk and high returns, even 2-3 times higher. Some platforms even have a comprehensive annual interest rate of more than 36% or have a head-on interest rate. It is a perfect loan shark. With the recurrence of the epidemic in the past three years, it is difficult to do work and business, and it is difficult to make money in all walks of life, which has led to many people being overdue. Finally, online lending platforms also need to have business licenses. The number of thousands of online lending platforms on the market is estimated to be no more than 10%. Loans without licenses will not be paid for personal credit. Many people will not repay such loans that do not have credit.
You should understand why you cut off the loan. First, in the general environment, people have no money in their hands, and the money they loaned is likely to not be collected. Second, in recent years, online lending platforms have become increasingly crazy and have chaotic management. The country is gradually closing illegal online lending platforms. Third, people are increasingly aware of the law and know how to use legal weapons to protect their rights and interests. They dare not treat overdue customers like they used to violently collect debts, and some of them will not even pay them back.
So, now many online lending platforms withdraw loans, cut off loans, and recover funds step by step. I also advise you to do as much money as possible, try not to consume ahead of time, and try not to touch online loans. It can be said that online loans have destroyed a large number of young people.
