The harm of online lending:
1, ahead of consumption
For some inexperienced people, if they can easily get loans because of lack of social experience, it is easy to form a bad consumption concept, and eventually they borrow more and more, and finally they are gradually unable to repay.
2. High interest rates
Online lending platform is no better than banks. Although the law stipulates the interest requirements for loans, the interest of the platform is often the highest interest standard. For borrowers, if they can't repay in time, the harm of rolling interest is the greatest.
3. Credit investigation
When a borrower borrows money from the platform, not only does the platform have to bear certain repayment risks, but the borrower also needs to bear certain borrowing risks. For the borrower, there is no guarantee that everything in life will go according to plan. In the event of an accident, the economy will not function normally, which will easily lead to overdue repayment. Once overdue, it is very easy to affect the borrower's personal credit information.
4. Personal privacy and security
When borrowers apply for loans from the platform, they will submit some personal privacy information to the platform. For the loan platform, due to the diversity of the platform, many times we can't guarantee the legal operation of the platform, which will easily cause our private information to leak out.
5. Security problems caused by collection.
Once overdue, while facing the credit problem, it will also face another serious problem, the collection problem. Not everyone can repay the loan on time. After the deadline, you will face a series of collection problems, such as telephone and SMS collection, address book explosion, language threat, door-to-door collection and so on. Those with a better attitude may survive the pressure of collection, while those with a bad attitude may have suicidal thoughts or actions. Every year, there are also many cases of suicide on the Internet because of borrowing money.