Online loans and credit cards were not on the same level before. Unfortunately, banks have fallen for the sake of profit and have transformed credit cards into the same product as online loans.
The emergence of online loans is actually the development of Internet finance in the past few years. Offline small loan companies moved online and became so-called "online finance." Small loans that could only harm one place suddenly became "online loans" that harmed young people across the country. Who are the people who take out online loans? They are those subprime borrowers who do not meet the bank's borrowing conditions. Their source of repayment is to tear down the east wall to pay for the west wall. They apply for an online loan from the employer to repay the online loan from the west. In the end, they dig a hole and bury themselves.
?
And what about credit cards? It used to be a good helper for people to manage their finances. Now, on the one hand, it has launched some kind of cash installment plan to compete with online loan companies for business; on the other hand, it condones cash out, turning a blind eye as long as it is not obvious, all for the sake of profit. Although it is said that "anything prohibited by law is allowed," this approach encourages young people to consume uncontrollably and ultimately destroys them, and the banks themselves are also affected. ——According to statistics, the amount of credit cards that are overdue for more than six months has reached nearly 80 billion!
?
So I think today’s online loans and credit cards do more harm than good to young people. I don’t know how much the overdue balance of online loans and credit cards combined is, but one thing is certain: young people who owe online loans and credit cards and are unable to repay will definitely not have the concept of credit in the future, because “credit” has already become a problem for them. It’s a heavy burden, and who wants to grow up carrying that burden! ——This is the greatest harm that online loans and credit cards bring to society!
Online loan is the abbreviation of Internet loan. Internet loans are further divided into online loans from Internet financial platforms, online loans from commercial banks, and online loans that combine the two.
Everyone is familiar with this kind of online loan. Its biggest feature is its high interest rate, most of which are not creditworthy, and some platforms even involve illegal debt collection. The amount is small, and these Internet platforms basically use their own funds to issue loans to customers.
The predecessors of Internet platforms are usually small loan companies, e-commerce platforms, or financial technology companies. They are either closer to customers or closer to technology. Such platforms are gradually moving towards two extremes: small-scale platforms slowly withdraw from the market; large-scale platforms begin to gradually cooperate with banks.
The draft of the "Internet Loan Management Measures" issued in 2018 limits the boundaries of commercial bank Internet loans:
If you are a fan of a certain bank, you will On their mobile banking, direct banking, and credit card apps, I can see that there are many bank-operated Internet loans. If you apply at that time, you will get the loan result immediately. For example, China Construction Bank’s quick e-loans, China Merchants’ flash loans, etc. Their characteristics are low interest rates, fast approval, and larger amounts than Internet platform loans.
Sometimes commercial banks cooperate with Internet platforms. The Internet platforms attract customers to banks, and commercial banks provide funds through certain risk control methods. The final customer obtains the quota application, withdrawal, repayment and other operations on the Internet platform.
In the online loan market, the most common Internet loans that are relatively large and well-branded are the leading platforms that adopt the Internet platform bank model. In terms of the amount of funds used to issue loans and the cost of funds, no platform can compare with banks. Since the traffic of leading Internet platforms is huge and requires a large amount of low-cost funds, the larger the platform, the more likely it is to cooperate with banks.
I think the advantages of online loans outweigh the disadvantages, so why are there still complaints? I think the main reason is that the opening method is wrong.
For online loans initiated from banks, the entrance is at the bank. The interest rate is generally lower than the market and the amount is higher than the market. The most important thing is that the source of the product for credit reporting is the bank. Such a credit record prevents borrowers from making things difficult for banks when applying for home loans.
The main reason why online loans are convenient is that you can borrow and repay at any time, and the interest is calculated on a daily basis.
It is for emergency relief, not for the poor. If you think of it as a long-term loan instrument, it may not be suitable for you, but if you think of it as a temporary emergency product, it is very suitable.
The most convenient function of online loans is to borrow and repay at any time. However, the prerequisite for borrowing and repaying at any time is that you must repay on time every month. On the one hand, many people do not pay attention to their repayment status. On the other hand, they complain that online loan platforms withdraw loans, causing their own capital chain to be broken.
Judging from the current situation, online loan platforms generally have more advantages than disadvantages. Looking at the individual, there may be some dissatisfaction, but if you can avoid the above three wrong opening methods, It may greatly reduce the dissatisfaction caused by online loans.
Online loans must be beneficial to society and have great benefits.
In 2006, an economist won the Nobel Peace Prize. That was Yunus, who established a small loan company to provide small loans to the poor. In the past, all financial institutions were unwilling to lend money to penniless poor people. Yunus meticulously allowed the poor to do simple entrepreneurial projects to help them escape poverty, and then charged 20% simple interest. The repayment rate of poor people in Bangladesh reaches 98%. The bank made a profit and seemed to have achieved a maximum win.
But wait, in this year’s Nobel Prize, Yunus’ efforts have all turned into a joke. There are microfinance companies in every country. They also studied Yunus. But now the interest rates of small loan companies have risen to 50 or even higher. Banerjee, an Indian who won the Nobel Prize in Economics this year, depicted that these small loan companies would never be able to get back the money they lent, and they would be besieged in rural areas. In India, whenever a farmer hangs himself, everyone says it is the fault of the loan company. Loan recovery has become a life-threatening matter, and the local courts in India will prevent the debtor from paying back the debt for the purpose of protecting the debtor.
Common sense is that debt must be repaid, but you will find that this is a vicious cycle. For profit-making small loan companies, the more difficult it is to get the money back, the more they need to increase scrutiny and the more they need to raise interest rates. The higher the interest rate, the harder it is for the poor to pay.
If you can borrow money, you can go to the bank. So why do borrowers go to online loans to borrow money? Is it really because of being cheated? In fact, no, many people cannot borrow money from banks, and the credit popularity accumulated by relatives and friends is also very limited. So I went to seek help from online loans.
Online lending, especially P2P, has done one thing, which is to connect the two parties to the debtor, the two parties who do not know each other, through the platform. Online loans have higher returns, and everyone knows why. Because the people who borrow money from online loans are all users who have been rejected by banks, of course the interest rates for these people are high.
So are there any problems with online loans? There are also problems, and the problem lies in the transparency of information on both sides. It's easy to borrow money from acquaintances, who know the details and know exactly how much you weigh. When you borrow money from a bank, it can check your credit history or require you to have collateral. But the problem with online loans is that in the early stages of online loans, they were not responsible for these things when they were matchmaking. Online loans can also require collateral, but won’t banks snatch loans with collateral? Bank interest rates are much lower.
Wang Anshi’s reform in history was to lend money to the poor at 2 cents interest, with an annual interest rate of 20%. At that time, the interest rate for ordinary people in the Song Dynasty to borrow money doubled every year, and the interest compounded. Before the Opium War, the interest rate for landlords in my country's farming society to borrow grain was 200 per year. The evil old society is really just borrowing it and enslaving it for generations. In a disaster year, a vicious cycle begins.
Many people are opposed to the online lending model because they fail to see the fundamental logic of wealth and poverty in the world.
I used to be in the construction industry. At the end of the year, I saw construction bosses offering 5-cent loans, either online loans or loans from local snakes. I later heard that this boss was imprisoned for a month (a few years ago, it should be better now to crack down on gangs and evil, but now at the end of the year, some people really can't borrow money).
In terms of economics, low interest rates indicate that the lending market is developed and people dare to lend money and obtain returns.
For online loans or small loans, the highest costs are two: one is the cost of default, and the other is the cost of collecting the borrower's credit information. Therefore, the more people cannot borrow money, the higher the interest rate.
How to reduce the cost of breach of contract: The court enforcement division must increase enforcement efforts.
How to reduce the cost of collecting credit information: Increase property transparency.
It is not appropriate to take the blame for online loans. Without online loans, other lending models will emerge. You can't always look for reasons from Huang Shiren, Yang Bailao also has to look for his own reasons.
There is no problem with online lending itself, but it will definitely cause problems if it is left unregulated. Just like the previous routine loans, campus loans, etc., if it is borrowed by someone who has no ability to repay, it is not only the borrower but also the lender who is unlucky. In the end, it is a lose-lose situation.
Money is so easy to use, everyone wants it. I went to the vehicle management office to pay a ticket before, and I met someone selling a credit card (it was said that I could pay the ticket directly in the future) and I applied for one. Later, an old man came over with a smile. He asked, can I get money by applying for a card? What should I do? But borrowing is based on credit. Without credit, it is useless. For another example, before this year’s Double Eleven, an e-commerce company suspended many of its membership platforms’ own installment payment methods (similar to Huabei and JD Baitiao). Later, there were reports that some users used installment payment methods. An Apple mobile phone was also refunded by the platform. In fact, these are just attempts to control bad debts. Searching on Du Niang, what should I do if my xxx is overdue? In fact, the content inside is quite surprising. Many people think that there is nothing to be afraid of if it is overdue. It is just to scare people if they say it is a pursuit...
Everything has two sides. Just from the nature of the online lending business, it is beneficial to society as a whole. However, when the development of online lending lacks effective supervision and the direction of development is out of control, the harm caused may be far greater than other aspects. benefits generated.
Online lending is itself a type of loan, but it is just a change in channel. With the convenience of the Internet, offline loan business is extended to the Internet, making the loan business more efficient. From this perspective, online lending is definitely beneficial to society, because the loan itself is beneficial to society. Without loans, society may lose its motivation for innovation.
There is actually no need to discuss this point. With the development of the global economy today, debt has become a major driving force for economic growth. If a country can use debt reasonably and correctly, it can double its economic activities. , to drive economic growth faster. On the contrary, if a country has no debt at all, it means that economic growth has completely lost leverage and is likely to enter recession.
However, due to imperfect supervision in the early stage of online lending, many people with bad intentions used this thing to make money and commit fraud. In fact, it did not have the effect of stimulating the economy. For example, many P2P companies use the guise of online loans to defraud investors' money into the platform without actually lending money to those in need of funds. These platforms fabricate false information to conduct "loan fraud" and "self-financing."
Then these online loan funds did not produce actual income, and turned into a "Ponzi scheme". In the end, the scam was exposed, the P2P boss fled with the money, and the investors lost their money. These people spent half their lives Or a lifetime of hard-earned money will be wasted, which will eventually lead to a decline in overall consumption, but will have obvious side effects.
In addition, many online loan platforms are actually unlicensed and illegal platforms. We call them "black online loans". The money they lend is actually disguised. "Loansharking". Many people who borrow money from black websites usually come to borrow money from other platforms with poor reputation. Under huge financial pressure, these loans cannot actually create economic increment, and black websites The lenders used coercion and inducement to extract huge illegal profits from these people, which eventually led to the death of some people who borrowed black online loans. This had a huge negative impact on society.
Therefore, online lending itself is not a bad thing. It is like a kitchen knife. It is not good or bad in itself. If you use this kitchen knife to cut vegetables, you can make delicious dishes, but if you use this Using a kitchen knife to commit murder will lead to human tragedy. For everyone, they must have a clear understanding, act according to their ability, and stay away from black online loans, which is the greatest responsibility for themselves.
I personally think that online loans are not good for society. All money lenders are in a tight situation. Lenders want high-interest loans and high-interest recovery, which creates a vicious circle in society. If the debt is not paid, the lender will not be able to collect it, and what is more terrible is student loans, routine loans, loan sharks, etc. The collectors will violently collect the money, hang themselves, commit suicide, jump off the building, etc. It is a terrible vicious cycle, so it is not recommended to have online loans
It can be said that online lending has no role in promoting the development of society and should be severely cracked down and resolutely banned.
First, the single loan amount of online loans is very small. Such a small amount of money cannot solve the borrower's capital shortage problem, nor can it solve the borrower's actual capital problem. You say this small amount of money can What are you doing?
Second, the loan period of online loans is very short, usually one week, most often one and a half months. What do you think you can do with such a small amount of money and such a short period of time? In fact, it can't do anything. It just provides a stage for the lazy people born in the 00s and 90s to borrow money and then go from left to right and then pay back the money at home.
Third, all online loans have extremely high interest rates, which can be said to be vampires. Once you get involved in online loans, you can say that you will have endless troubles.
Fourth, all online loan collections have no bottom line. Once you are entangled by them, your friends and reputation will be lost.
I remember when I was in high school, there was often a problem in English writing or reading comprehension. The Internet is a double-edged sword. On the one hand, it has become a global village, and on the other hand, no one has privacy anymore. . Online lending is also a manifestation of the development of the Internet in finance. Just like the bank account before the emergence of banks, everyone thought that banks were vampires, but they also continued to evolve over hundreds of years and became a driver of economic development and finance. It is a very important part of development. In the emerging stage, online loans were indeed based on the small-amount decentralization concept of Muhammad Yunus, the father of Bangladeshi online loans, the 2006 Nobel Peace Prize winner, and explored giving loans to those banks that were disapproving of them. For people without asset mortgages, we can help them start their own businesses or make temporary changes in farming and breeding. Due to the lack of safety factor and risk control data, interest rates can only be raised to cover some risks. However, the profit-seeking nature of businessmen and the lagging nature of my country's policies have caused too many unscrupulous people to intervene in this industry, which has led to everyone now calling for beatings. However, you will also find that the current online loan approval and risk control models of banks are not also based on the Internet. The loan industry has learned some lessons, and the service has become more convenient. I think people who take online loans are adults, and they can control what they choose or not. Those who blindly say that online loans are harmful to others should first examine whether they can quickly get a loan from a bank to solve their urgent needs. , can you honestly say whether you can borrow money and not repay it? According to the relevant provisions of the civil law, if an online lending institution does not have a license to carry out intermediary services to match transactions, it violates administrative management, but as long as the loan contract is true and legal, it needs to be repaid. In summary, there are advantages and disadvantages to online lending.
From the current point of view, it does more harm than good, p2p, because of the model, the interest rate is not cheap, and with such a high interest rate, how can people who borrow this kind of money earn this profit? It is true that the bad debt rate is high. Another aspect is that there are too many people who maliciously evade their debts.
What’s the benefit? In fact, there is. The development of Internet finance in recent years can indeed accelerate the development of many industries. For example, medical beauty, education staging...etc. Also, it taught a lesson to Internet tycoons all over China. [呲呲]
From the perspective of historical discovery, private lending is a rigid need. Online lending is only an innovative development based on private lending, which is also a rigid need. Generally speaking, the advantages outweigh the disadvantages!
1. First of all, we should make it clear that P2P is an online loan, but online lending is not necessarily P2P.
1. P2P is an online lending information intermediary platform. It must contain at least three entities, one is the investor, the other is the borrower, and the third is the platform entity. However, there are no investors, only the platform and the borrower. Pure online lending platforms are also called online loans.
2. P2P broke out in 2015 and 2016 with some incidents that had a negative impact on society. For a time, everyone lost confidence in this "imported product". So far, some provinces have banned P2P. But we can also see that some online loan models have also remained, such as pure online credit loans launched by some mature Internet companies, 360 IOUs, JD Finance, etc. The interest rates are acceptable and the application is very convenient.
2. Online loans are urgently needed.
1. Through history, we know that private lending has existed since the beginning of commerce and has never been interrupted. Until the birth of formal banks in modern times, private lending has always been in strong demand as a supplement. Private lending has always been in demand. Borrowing is a necessity.
2. In recent decades, the Internet has developed rapidly, and the Internet financial model has emerged. After that, online loans have mushroomed like mushrooms after a rain. The essence of online loans is still financial lending, which is a necessity.
3. The overall advantages outweigh the disadvantages.
1. When the investment and financial management module was added to online lending, online lending basically became unmanageable and some problems occurred. However, if we think about it carefully, if the investment and financial management module is removed, only the platform will be retained. Are online loans really useless and worthless between the two main entities, the borrower and the borrower?
Online loans have at least helped solve several problems:
1. Business needs. The overall interest rate of a good online loan platform is within one cent per month, the term can be 3-5 years, and the amount can be hundreds of thousands, which can meet business needs;
② Consumption need. Needless to say, this is to spend future money and enjoy life in advance;
③. Capital turnover.
2. Some people will say that because of online loans, many people’s excessive consumption has affected their future lives. This is an undeniable fact, and it is also the convenience that online loans bring to everyone. side effects, but at the same time we should also reflect on this: If there were no online loans, wouldn’t this group of people consume excessively? I'm afraid not necessarily. Online loans are just one of the ways to borrow money. There are many other ways to obtain funds.
In conclusion, online lending is an innovative development model of financial lending, but it still fundamentally belongs to the category of private lending. It also has the characteristics of speed and convenience that other offline lending does not have. I believe that this industry will still have great room for development in the future!