First of all, most young people enter the online loan trap just to satisfy their vanity.
Many students' families are ordinary, and their families don't have enough financial strength to support their extravagant expenses. Many young people compete with the people around them after entering the university. From wanting an Apple phone to wanting all kinds of luxuries, vanity needs a lot of cash to fill it.
They may just want to buy a mobile phone to satisfy their face or desire at first, but later they gradually find that this kind of money is very easy to get, thinking that they will have enough economic strength to pay by installment. So they fell into the trap step by step and owed more and more money.
Secondly, the most terrible thing is luck.
These young people have no fixed source of income during their school years, but they think they can earn enough money after going to work and pay off their loans slowly. These online lending platforms take advantage of young people's luck and let them get deeper and deeper, thinking that they will always have a way to fill this gap.
Gradually, they changed from repaying loans with living expenses to raising loans with loans, which eventually formed an ambiguous hole, leading to bankruptcy and even paying the price of their lives.
In addition, many lawless people or people with malice instigated them to borrow money.
In order to improve their performance, many hospitals selling mobile phones and plastic surgery have joined various online lending institutions to encourage these college students who have no fixed income to borrow money for consumption.
On the one hand, they tout the unlimited potential of these college students to repay this part of their debts, on the other hand, they instigate them to operate online loans, which eventually leads many young people to fall into the online loan trap.