Normally, most online loans have high interest rates and violent collections, so online loans must be strictly controlled. 51 Credit Card has a platform with 500 million people, and this product belongs to Online loans, so it’s no wonder they will be censored one day. The current online lending industry is actually an emerging product in the Internet financial industry. It first appeared in 2016. At that time, many people wrote papers on online lending products. Experts believe that in the final analysis, it is because our country’s regulatory system is not It is too sound, which is why this online loan product has a series of problems.

Many people must have heard of online loans in recent years. Most people feel scared when they hear this word, because there have been many violent collection problems in recent years. The biggest risk for online lending platforms should be the fear of platform failure. Now that Internet finance has developed very rapidly, online lending is definitely indispensable and will become a supplement to the traditional loan model. However, compared with traditional commercial bank loans, online loan platforms are extremely risky. What if one day they run away?

Another problem is that due to information asymmetry, both parties may provide false information during the loan process. For example, online loan platforms will not say that the interest rate is high when taking out a loan. However, once a consumer takes a loan, they may get a loan of 10,000 yuan a month but have to repay 50,000 yuan. This is not an exaggeration. It has indeed happened. Such a thing.

So it is definitely normal for online loans to be investigated now. For us ordinary people, it is best not to touch online loans and go to regular banks for loans if necessary.