Recently I saw these two incidents.
One happened in the Anshan Steel staff building in Anshan. China Business News reported that Ms. Yang took the medicine her daughter bought back and lay down on the sofa to rest. Suddenly, a plastic bag was placed over her head and a wire was strangled around her neck.
A few minutes later, Yang lost her breath. But the wire remained tightly strangled her neck for a long time before it was released. This was not a revenge killing, nor was it a home invasion robbery; what killed Ms. Yang was.
Her own daughter.
In order to let her mother die, daughter Ning used sleeping pills, cephalosporin and penicillin to which her mother was allergic, and finally mechanical asphyxiation, just to make sure her mother would die completely.
Because she owed more than $100,000 in online loans, Ning decided to commit suicide. For fear of her mother feeling sad, she decided to kill her own mother first.
Xiao Ning did not have any profligate or gambling behavior. The reason for the online loan was that at one point she couldn’t pay off her credit card, and she used the loan to feed the loan, like a snowball, until it became more than 100,000 in debt.
Xiao Ning is just a microcosm of the countless young debtors. In Shenzhen, in Siyang, in Puyang, in Lanzhou, because of online loans, a young life decided to leave this world. The constant calls to collect debts would go to family members, friends, work units, and colleagues. One loan after another that was about to expire would keep pushing them into desperation.
Another thing I saw recently was a group I found while on Douban, the Debtors Alliance. In the debtors’ alliance, I met a friend named “Yahaha”.
She had never taken out an online loan. She joined the Debtor’s Alliance out of curiosity. In this gathering place of debtors, she saw a completely different situation from her friends around her, everyone’s debts seemed to be a bit too high.
Curious, she spent 3 days to extract more than 600 posts from the debtors’ league and did detailed statistics one by one. The statistics startled her, the total debt of the group members was as high as.
170 million.
The least indebted was a student who owed $500. The most indebted was 6 million. Most people owe between $100,000 and $1 million.
I talked to a 90-year-old girl in the Debtors’ Alliance. She said four words in an icy tone.
Life is better than death.
All her avatars are a solid black picture.
1
The young people in the debtors’ alliance are in debt for a variety of reasons.
The most is overspending, followed by speculation in currency, stocks, futures failure, then encountered pyramid schemes, fraud, business failure, gambling and so on.
A 21-year-old girl studying in a 985 university, from a poor rural family, spent more than 60,000 on beauty treatments.
More than a dozen dollars of pants, from childhood to the big Dabao SOD honey, buy things are selected to spell Xi Xi. After entering college, the original confident she felt the ridicule of the opposite sex. Even once autistic to dare not go out:.
I want to be beautiful, I want to earn lots and lots of money, get lots and lots of love, is this wrong?
Online loans gave her the opportunity to change herself. Do your nose, do your eyes, buy a new phone ……
She could finally walk down the street with confidence. But soon the heavy debt overwhelmed her and she even lost sleep all night. She could only keep doing part-time jobs to pay it off herself. The income of more than 2,000 a month had to be used for repayment.
Until now, she still has more than 58,000 yuan of online loans.
In this huddle group, some people are in debt because they bought too many League of Legends skins; some people found their husbands carrying 500,000 foreign debts on the first day of their marriage; some people lost their source of living because of the epidemic; and others encountered a pig killing plate.
Xiao-ting, a 90-year-old girl from Guangdong, not only gave all her savings to her ex-boyfriend, but also lent 60,000 yuan from Jingdong, flower and credit cards to the one she loved.
The loved one has disappeared. The money she hasn’t asked for back till now.
Yahaha told me that when I did this, I just wanted to know what everyone was discussing about online lending, in the end, the penetration to geometry? After doing it and sending it out, I hope to warn myself and also others.
But obviously, her purpose was not achieved. One young girl still posted after going into debt and asked.
Should I buy a 7000 or 8000 Apple phone?
2
In the debtors’ union, I also met Han.
He still remembers that the first time he used a consumer loan was for a Pride phone he bought in college. With the help of the sales office staff, he quickly applied for a loan from Gitzo and got his phone back the same day.
The process was incredibly smooth and Han paid off the loan without a hitch. Although the 1,000 yuan loan has an annualized rate of up to 20%.
After this experience, Han later used Jingdong White Stripe and Hanbao one after another. The consumer loans are always in the front of the payment options on the shopping platform, with the blood red word “discount”.
The first thing you need to do is to fill in your ID number and a couple of other details. You only need to fill in your ID number and a few emergency contacts, and you can quickly apply for it.
The tablet computer, handheld game console, AJ’s sneakers, these things that usually seem out of reach, can now be touched at hand. The habit of using consumer loans slowly began to seep into Han’s life.
One day, by chance, Han found out that Jingdong and Alipay had opened gold bars and debits for him, both with a limit of tens of thousands of yuan.
After graduation, he borrowed money from Jingdong Gold Stripe, followed by Debit. The spending habits cultivated by consumer loans could no longer be reined in. Subsequently, got the credit from Meituan LifePay, PaiPai Loan and Instalment ……
For more than a year, Xiaohan’s actual debt has been as high as 50,000 yuan. Because of the fear of credit, Xiaohan never dared to overdue. He always chooses to repay the loan at the first time when his salary is paid down.
Faced with high pressure debt, Han had to choose to use the minimum payment every time. Even so, he has to pay back more than 5,000 yuan every month. The platforms seem to be considerate:.
How much you pay back, how much of the credit line is restored for you immediately.
There is no more ideal target customer than a young person like Han, who does not have a high income but dares to borrow and spend money, who has a regular job and does not dare to expect easily, and who can accept the minimum repayment method to repay the loan.
Take Jingdong Digital as an example, they can infer the consumption habits from the amount and frequency of orders that customers usually place. At the beginning, Jingdong will first open white strips to develop the habit of borrowing, and the amount is not high.
And later, they will then decide the gold bar amount by the habit of using the white bar, including whether to make regular repayments and whether to make full repayments or installments each time.
For online lending platforms, the more you owe, the more the platform will be happy to give you an active withdrawal. In the words of a friend of Jingdong Digital Science.
Those who owe money are good customers.
The online loan platform can not check the credit? Of course not. If you print out the credit report, you will find that the online lending platform knows all about the customer’s situation.
The online lending platform doesn’t mind if the loan is repaid on time. Even if a young person has borrowed all the money from Weibo, Flower, Debit and Meituan, he can still borrow money from Jingdong, PaiPai and Installment.
The bottom line is that a promptly restored credit line is like an encouragement. Few people notice how high the interest rate that keeps accumulating is.
The bigger and bigger snowball type of debt often starts with the first hundreds, thousands of dollars, and by the end it is already a big hole in the hundreds of thousands. In the end, anyway.
The kids have their parents underwriting.
Yahaha told me that she found out when she was counting that it was the parents who finally came forward to solve the debt problem.
Han eventually had to come clean to his parents, too. Despite his father yelling at him to break off the relationship, he ultimately couldn’t watch his son walk to the defense court. With the help of his parents, Han paid off his $50,000 debt.
He said that the air smells sweet when there is no debt.
3
In the league of debtors, Xiao Han is lucky to have managed to free himself from online loans, but more people haven’t. The Union-Tribune says that each post-90s person has an average debt of 120,000 yuan.
It takes 18.5 months to pay it all back.
Online loans have infiltrated the lives of young people. For shopping, there are chants and white strips, for borrowing, there are 360 debit, gold strips, and lending. There are rental loans for renting a house, taxi loans for taking a taxi, travel loans for taking a trip, and even monthly installments for ordering a $20 takeaway.
A family of giants joined the race. Recently even with a Sogou input method, will automatically direct you to the lending platform. You bag uncle said, Sogou is TM afraid that I do not have money to type?
Online lending platforms are also casting more and more grounded ads. Some media statistics have shown that there are as many as 44 cash loan ads on Jitterbug. In the earliest Jitterbug advertising, cash loans and P2P are prohibited. By the second edition of the banned list, cash loans were quietly taken down.
From Jitterbug to Weibo, the other day in WeChat and a friend chatting a few words about online loans, a few minutes later the friend received a cordial greeting from a certain East financial.
Pro, need to borrow? We 30 days interest-free oh.
More and more online loan ads are aimed at small town youth in the fourth, fifth, sixth and seventh lines, most of them are logically confusing, but migrant workers are gradually becoming the main characters.
The video production company told me that every 1,000 clicks can bring roughly 4 to 6 single loans.
All kinds of interest-free and low-interest products appear in the market, and the advertisement of Da Qiangzi tells you that the interest rate for borrowing 10,000 yuan per day is the money of a bottle of mineral water.
But really borrowed money only to find that the big strong man said may be Evian.
Contemporary young people math, are they all too bad?
In the prospectus of Jingdong Digital Science, white bars and gold bars are named respectively.
Digital Solutions for Financial Institutions and Digital Solutions for Merchants and Enterprises.
Behind the online lending platform is the bank. 18 years matter had a news, a female college student who owed 1.5 million online loans finally borrowed a bank credit card to pay off the debt with the help of scalpers.
The scalpers became the business connection channel between the online lending platform and the bank.
The scalpers even opened a business school, hand teaching students how to do the card from the bank. First Ping An, Industrial, Pudong Development, then Minsheng, Guangfa, Everbright ……
For banks, online lending platforms can help with risk control and screening customers, but also to guide the flow.
In Ali, Jingdong, Meituan on the overdue, along with the delivery address will be able to find you out. Not to mention that there are companies like Gitzo.
They have set up collection posts in Shennongjia.
The pervasive advertisements, the touchy-feely platforms, the special algorithms, the simple filling of information, the quick release of funds, and at the end of the day, the collections, the backwaters have nowhere to run in the carefully woven net.
Many parents of young people with online loans do not understand why their son, who has little income, can lend more than 400,000 to 500,000 yuan from various platforms with an ID card.
Most young people don’t know what it means to be in debt until they are put into a sleeve. From childhood, the only time I learned about debt was in my junior language textbook, Maupassant’s novel “The Necklace”. The wife of a young civil servant labors for ten years to pay back the lost diamond necklace, and finally discovers that the necklace is a fake.
Other people’s glitter and glamour may be fake, but their own vanity and pain is real. A long time vanity, to spend a lifetime to pay off the debt.
Recent Comments