The so-called "714 anti-aircraft guns" refer to short-term loans with ultra-high interest rates, with terms within 7 days and 14 days respectively. They are mainly targeted at young people, including current students. The interest rate for this type of loan is very high, generally around 1-3,000 yuan. For example, if you borrow 1,500 yuan, and you reach 1,000 yuan within seven days, you will have to pay back 1,500 yuan. After the development of Internet finance was strictly restricted due to strict regulation, ultra-profitable loans represented by "714 anti-aircraft guns" emerged. Some families were shattered by the bombings, causing a series of social problems.

The following is part of the actual record of the program:

According to the other party's request, Ms. Dong uploaded her personal information and borrowed 1,500 yuan. To Ms. Dong's surprise, she only received 1,050 yuan. The remaining 450 yuan is deducted as comprehensive expenses. The loan must be repaid on the 7th day, and the actual loan period is only 6 days.

The victim, Ms. Dong, said, "I thought I would rather spend more money on my own than borrow it from relatives and friends for fear of being looked down upon." It cost 7,000 yuan, 10,000 yuan after 6 days, and 10,000 yuan later. Yuan, 14,000 Yuan 6 days later. One month later, the initial debt of 7,000 yuan will roll to 40,000 yuan. It's not just the beheading that's scary. Ms. Dong found that overdue fees for unpaid loans abounded, as high as 5% to 10% of the principal every day.

Debts are snowballing, and abusive collection calls are constantly harassing. Under such double pressure, Ms. Dong was completely desperate and even wrote a suicide note to her husband. Contents of the suicide note: I feel unprecedented pressure and I can't stand it anymore. I was deceived and fell deeper and deeper into the trap, almost to the point of collapse. It was me who hurt this family.

Xiaoying, who lives in Xuzhou, also had a similar experience. In order to pay off her credit card, she was attracted by the "low-interest" loan products marked in the "Wishful Loan" software. She borrowed 2,000 yuan, and two months later, it turned into 200,000 yuan.

The victim Xiaoying said: "You borrowed two and borrowed three, and then you borrowed three and borrowed four. This is a cycle. After that, all you borrowed was to repair holes." Ying and her family suffered from debt collection at the same time. Telephone harassment and insults.

Xiaofang, who lives in Hangzhou, has also taken out loans on such small loan platforms. In just two months, the amount owed increased from several thousand yuan to 150,000 yuan. Victim Xiaofang said: "Every day there are platforms that come to repay. When there are many platforms, there are twelve or three platforms that have to repay every day. It's so scary."

This kind of small-amount network It is called "714 anti-aircraft gun" by netizens. "714" means that the loan period is generally 7 days or 14 days, and "anti-aircraft gun" means its high "beheading interest" and "overdue fees."

The "Notice on Matters Concerning Regulating Private Lending and Maintaining Economic and Financial Order" issued in May 2018 clearly states that without the approval of the competent authority in accordance with the law, no unit or individual may establish a business to engage in or mainly engage in lending business Institutions shall not use lending as a daily business activity. Strictly crack down on intentional injury, illegal detention, insult, intimidation, threats, harassment and other illegal means to collect loans. Related Q&A: Related Q&A: Is lending money usury?

I obviously wanted to get a loan, but I didn’t think it was urgent, so I first clicked on a few online loans to deal with the emergency, but in the end I couldn’t get the loan!

No online loans, no online loans!

Bank interest rates are low and formal. The lowest you can get is 2.5%, a loan of 10,000 yuan, the monthly interest is only 25%. Which online loan can be compared?

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