A female college student in Hefei turned her mobile phone to 1 10 in order to avoid the dunning call, which seriously affected 1 10 to receive the police normally. College students often fail to pay online loans, and some even commit suicide. Nowadays, online loans are chaotic, and there is no bottom line for making money. Online loans are always under the guise of "low threshold" and doing "desperate" debt collection activities. This is the cause of the injury.

Students have no financial ability, but there are still many unscrupulous businessmen staring at them. Various offline consumer finance companies, local small loan companies and P2P lending platforms will only tell students that the interest rate is low, the threshold is low, and the loan is fast, but they never mention the service fee and the penalty interest after default.

Because the online lending platform has no access threshold and no industry supervision, there is a great risk of illegal fund-raising, and there have been many situations such as redemption crisis, bankruptcy and running away. When these situations happen, we ordinary people are naturally difficult to deal with, so it is harmful.

Let me talk about its risks in detail:

1, unsecured, high interest rate, high risk.

Compared with the traditional way of borrowing, peer-to-peer lending has no guarantee at all. Moreover, the central bank has repeatedly made it clear that the annual compound interest rate exceeds 4 times the bank interest rate and is not protected by law. It also increases the high risk of online lending (generally 7 times or even higher than the bank interest rate).

2. Credit risk

The inherent capital of online lending platform is small, so it can't undertake large amount of guarantee. Once there is a large loan problem, it is difficult to solve it. Moreover, some borrowers also make loans for the purpose of fraudulent loans, while the founders of the loan platform have some ulterior motives, and cases of absconding with money also occur frequently.

3. Lack of effective supervision means.

Because online lending is a new financing method, the central bank and the China Banking Regulatory Commission have no clear laws and regulations to guide online lending. For online loans, the regulatory authorities are mainly neutral, do not violate the rules, and do not recognize them. However, with the prevalence of online lending, it is believed that relevant measures will be formulated and implemented in time.

Thus, since peer-to-peer lending is essentially a network form of private lending, it is full of risks for both lenders and financiers. If the platform runs away, the lender may lose everything. However, the interest on online loans is often higher. Sometimes, borrowers can't bear high interest rates and choose to flee, and extreme people will end their lives. Therefore, it is not an exaggeration to say that online loans kill people.