After six years of loan brokering consulting services, Dani still can’t change the “emotional” problem. When she found out the credit situation of the young girl Fang Fang, Dani’s heart was cold, and she was cheated again.
Fang Fang is one of Dani’s customers, born in 96, working in an Internet cafe, with a monthly salary of 6,000 yuan. She asked for help and said she had an “emergency” at Home and wanted Dani to help her get a loan from a bank or microfinance institution for a few hundred thousand dollars. After confirming with Fang Fang that she had only been overdue for a few months, Dani started to help her, but was finally told by the credit system that Fang Fang’s account had been overdue for two years, and that it was impossible for her to borrow money from a bank or microfinance institution without assets to pledge.
“Every Time before communicating with customers who come to consult, I will first take the position that no matter how bad their financial situation is, they must communicate frankly and cannot talk about panic, but because it is lending money and then paying for consulting services, users who can be absolutely frank are a minority “, Dani told “Deep Web”.
For lying, Fang Fang has her own excuse: “If I start by saying I’m 2 years overdue on my charm, you won’t help me operate”.
In the spirit of problem solving, Dani still patiently gave Fang Fang advice to take a good inventory of her online loan debt and annualized interest rate. “Then you lend me money”, Dani’s words were interrupted by Fang Fang before she could finish. “Don’t your Parents care about you”, Dani asked in a hushed tone. “Then can you ask your colleague to lend me money”, Fang Fang interrupted Dani once again.
Dani completely died this time and hung up the phone directly. In the six years of loan brokering consulting services, Dani accepted tens of thousands of people borrowing advice, Fang Fang is only one of many young people in debt.
“Like a demon, just want to get the money first, how to pay back, what will be the consequences, they do not think about it.”
In 2014, working in Guangzhou, Dany began to do loan intermediary consulting services, from 2018 onwards, Dany found to find themselves consulting online loans, credit loans more and more young people after 90, they opened a number in the knowledge of “Master Dan teach loans The first thing you need to do is to share the problems you are often consulted on.
Among the post-90s customers of Dany’s loans, they borrow money for two main purposes, one is to meet their own consumption needs, and the other is to lend for loans.
“Online lending is the act of borrowing money in response to emergencies and should not be treated as an immediate necessity of Life. Once you tear open the mouth of online loans, it is like opening Pandora’s Box, without self-control and financial intelligence of young people is difficult to close this box, will fall deeper and deeper in the online loan mire.”
In Dani’s Perception, the 90s can pay off the loan and successfully disembark from the mire of “online loans” is either to do financial planning based on their own stable work, to all The online loans are paid off at once; or rely on parents to “help” to pay off the debt at once, and then forced to cut off with the online loans.
College students and girls are “soft”
At the end of 2019, a media questionnaire survey on college students’ overspending showed that 89.77% of the students surveyed had used installment payments for overspending, and among the types of overspending, 85.98% were used for shopping, while 65.15% and 30.30% were used for Food and entertainment respectively.
Like a poisoned apple, Linlin, who has graduated three years ago, still has palpitations when she hears the word overspending. She could never have imagined that a cell phone she bought in installments during her college years would become the beginning of her nightmare.
In September 2014, Linlin, whose phone was so stuck that she couldn’t send messages, wanted to get herself a new phone. “The phone I was using was a Coolpad that my dad bought for me in the second semester of my sophomore year, and I had been using it for three years. Because I was working in the student union at school, I wanted to change my phone to facilitate communication, but my parents didn’t agree, so I took the gamble and downloaded Installment and bought a new phone in installments.
In March 2016, just as she was about to finish paying off her installment loan, she faced another problem. With her graduation internship coming up, Lynn needed money to rent an off-campus apartment and pay the deposit.
Festinger, an American social psychologist, has a famous rule: “10% of life is made up of what happens to you, and the other 90% is determined by how you react to what happens “.
In Lynn’s value system, children are embarrassed to ask their parents for money after they graduate, and besides, their own parents are in a state of layoff. For the shortage of money to rent an apartment, Lynn once again thought of installment.
For Lynn, who had just taken an internship, the online loan was a bottomless pit. In addition to the rent and deposit, Linlin also had to face expenses for meals and transportation. Linlin began to search for more lending platforms, Sunshine Puhui Life, Rich Flower, Xiaomi Loans, Xiaohua Wallet… As long as the lending platforms she had heard of, Linlin would download them, compare the high and low interest rates, and unknowingly live a life of lending for lending.
“The monthly salary just arrived to repay the loan directly, like a kite that is about to break the line, and do not know which day they will fall heavily to the ground”.
The day the string broke was in March this year. Because of the Epidemic, Lynn’s company’s salary was discounted and deferred, which led to several platform loans not being paid back on time. “At noon dinner and before going to bed at night there were calls to collect the debt, and when they did not answer the phone, they sent text messages, or applied to add WeChat to call for payment.”
For Lynn, the last straw that overwhelmed her was the online lending platform “blowing up her address book”. When some platforms couldn’t find Lynn, they started calling Lynn’s friends. In Linlin’s opinion, not involving her friends and parents is her last line of defense to keep going.
“In order to get money quickly, I even wanted to go over to donate eggs, although I knew it was illegal, but at that time I was completely overwhelmed by paying back the money,” said Lynn, who did not want to recall this The company’s main business is to provide a wide range of products and services.
The company’s main business is to provide a wide range of products and services to the public. The phone number of the workplace. The company has been working on a number of projects, including the first one in the world.
When the debt collection agency saw that there was no hope for Lynn to repay the loan, they finally called Lynn’s parents. “My parents scraped together to help me pay back 120,000, and for the rest, I used my salary to pay back a lump sum, pay off a platform and delete an App.”
There are also not a few college students looking for advice from Dani. “The college student group is a soft persimmon in the eyes of the online lending platform, because no social experience, and fear of damage to reputation affects graduation, easier to be intimidated by debt collection companies, so as long as college students have a long-term use of the phone number, you can borrow money.
This is also the reason why naked loans occurred frequently in the college student community in previous years. The actual fact is that a lot of online loan platforms have a consensus that girls are more likely to borrow money than boys in the college group because they can “materialize into resources”.
The actual fact is that you can find a lot of people who are not able to get a lot of money from the internet. The actual lenders are generally not going to do business with college students because they are not working and do not have income, and the online lending platform that matches the loan amount to college students is cutting the leeks of college parents in disguise. “.
Disembarking on parents
For many young people who just work and do not have much income, the only ones who will eventually pull themselves out of the mire of lending are often their parents.
Born in 97, Chen Peng has been away from short video, live and other Internet entertainment life for more than 1 year, the method is simple and brutal, will be their previous use of smart phones replaced with Nokia elderly.
In September 2019, Chen Peng’s father used $78,000 to exchange his payroll card back from the loan sharks, ending Chen Peng’s dark life of more than 1 year of being called for debt and interest. Chen Peng still clearly remembers when his father’s stout arms bursting with blood vessels in the sudden shaking. Since then, Chen Peng turned out his father’s long-used Nokia old man machine, “afraid that I can not control, and began to brush the video, watch live, reward”.
In 2017, Chen Peng, who graduated from technical school, entered a medium-sized enterprise in a third-tier city under the arrangement of his parents, with a monthly salary of 4,500 yuan, after graduation for more than a year, Chen Peng’s life is quite smooth. The twist occurred one night in June 2018, the roommate watching the live beauty attracted Chen Peng’s attention. Driven by curiosity, Chen Peng also downloaded the major short video APP.
Chen Peng is introverted, can chat with a particularly small number of friends. But in the world of live streaming, Chen Peng has never had a sense of satisfaction and the feeling of being looked up to. When watching the amount of live bounty gradually rose from a few hundred to a few thousand, Chen Peng received a lot of “man”, “handsome” and other “handsome”. “handsome” and other “praise “.
“Since childhood no one has said I am handsome”, said Chen Peng.
In order to support the anchor sister who has always “admired” himself, Chen Peng will throw thousands of dollars to top up her PK with other anchors and play CALL for them. “Although a recharge accounted for most of my monthly salary, but at that time there was no pain at all,” said Chen Peng.
The praise you get by “reward” is like a mirage. When Chen Peng is difficult to spend a lot of money, those who used to follow Chen Peng’s anchors began to become lukewarm. In order to find that feeling of being held, Chen Peng began to borrow money from “friends”. The first time I borrowed 5,000 yuan, and later borrowed 15,000, 20,000 yuan a month interest 2800″.
20,000 yuan, a month of interest 2800, lending rate of 168%. “Such a high interest rate, a large part of the monthly salary used to pay back the interest, you have not thought of this is usury”, for the “deep net” question, Chen Peng said “At that time, it was like a magical barrier, did not even consider these. “
But 20,000 usury is only the beginning, in order to get more money, Chen Peng began to search online loan information.
“Really searched, added the other party’s WeChat, a simple chat, about the offline meeting. The loan of 40,000, a month of interest of 4,000 yuan. The other party took a picture of my ID card and asked for a few of my friends’ phone numbers, and took my payroll card (which had no money in it at the time) and said to do collateral”, Chen Peng recalled.
The company’s main business is to provide a wide range of products and services to its customers. As the level got higher and higher, Chen Peng fell deeper and deeper.
In August 2019, Chen Peng, who knew he could not afford to pay back the loan sharks, directly changed his cell phone number. The person who could not find Chen Peng’s debt collector began to call Chen Peng’s friend, who told Chen Peng’s parents about the matter that night. The parents found relatives overnight to raise money, came to the city where Chen Peng works, a one-time solution to all of Chen Peng’s foreign debts.
“Do you remember the name of the anchor that has been rewarding? Still contact? “, for this question, Chen Peng rubbed the Nokia phone in his hand and said, “really do not remember, they do not dare to think about that year, like suffering from selective Now I just want to work well to make money and help my parents pay back the money they owe their relatives. “
On August 20, the Supreme People’s Court held a conference on the decision to amend the “Regulations on the Application of Law to the Trial of Private Lending Cases”, at which it was announced that the upper limit of judicial protection for private lending rates would be significantly reduced, with the upper limit of judicial protection for private lending rates determined by 4 times the one-year loan market quotation rate (LPR) released on the 20th of each month. Using four times the one-year LPR of 3.85% released on July 20, the judicial protection cap for private lending rates is 15.4%, a significant drop from the 24% and 36% in the past.
For the encounter of young people such as Chen Peng, Dani said, “without the most basic knowledge of financial and interest rate knowledge, every penny that is harvested is a flawed perception of the world “.
For the young people suffering from loan sharks, Dani explained: as long as it is higher than the range of private interest rates set by the state, the person concerned can apply for free legal aid in the local area to wipe out the excess interest.
The young people who are precisely “tracked”
The People’s Bank of China has released a set of data showing that as of June 30, 2020, the total amount of overdue credit cards outstanding for six months nationwide has soared to 85.4 billion yuan, more than 10 times that of 10 years ago, these overdue borrowers, “after 90 ” accounted for almost half of them.
Dani has also done incomplete statistics, looking for their own advice to solve the problem of online credit customers are mostly post-90s, relatively few post-80s. Why is it that the post-90s are more likely to be addicted to online lending?
“The post-90s are the original inhabitants of the Internet, browsing web pages and brushing up short videos have become part of their lives. In this process, as long as users click on information or promotional links related to loans, they can be accurately tracked by big data and algorithms”, said Dani.
One of Dany’s clients, Lin Tao, came across a platform’s Gold bar product promotion by chance while browsing the web. Seeing the daily interest rate of only 0.04%, Lin Tao was somewhat tempted. Lin Tao is a university teacher, with a monthly salary of only 10,000, but this product matched him with a loan amount of 200,000, to be repaid in 3-year installments.
“Lin Tao three years salary 360,000, to pay back 200,000 loans plus nearly 40,000 interest, which leads to his usual disposable life consumption greatly reduced, at this time he will want to go to other financial platforms to match the amount, the debt rolls bigger and bigger “.
In addition to easier access to information on online lending platforms, in Dani’s opinion, some young people prefer to borrow money from platforms such as online lending because online lending platforms have 3 characteristics that young people like: easy, decent, and fast to the account.
“Some customers also know that bank loan interest rates are much lower than online loans, but why still choose online loans, because it is too difficult to go to the bank loan, to the bank loan, the user credit, income, address, relatives and friends phone, and even real estate certificates and other related information to provide, but online loans are different, move your fingers The basic money will arrive,” said Dani.
The algorithm tracking, simple operation, fast arrival, for young people without much social experience, they have become the major online loan platform to grab the “cake”.
Previously often bombarded by telemarketing Lin Tao recently found a phenomenon, to their own loan sales calls obviously a lot less, but often receive some unfamiliar numbers sent SMS, told their own platform in a certain tens of thousands of credit line.
“Most of them are fake, don’t believe, this is just a marketing method for lending institutions to gain customers, since June this year, the Ministry of Industry and Information Technology issued a comprehensive regulation of telemarketing, before doing telemarketing lending platforms are turning the goal to SMS marketing and short video platform promotion “, Dany said.
(Dany, Fang Fang, Lin Lin, Chen Peng, Lin Tao, etc. in the article are pseudonyms)
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