1. Introduction
Nowadays, people often use loans in their lives. There are many kinds of loans, which are usually divided into mortgage loans and credit loans. There are also many ways to borrow money. In addition to common bank loans, there are also local microfinance companies, but loans are also accompanied by risks, and borrowers need to measure their economic ability to choose.
2. Qualification risk
Unlike financial institutions, online loans with platform failures are managed by "net capital". Both banks and trust companies must have their own registered capital, ranging from hundreds of millions to hundreds of millions. Registered capital is not used for business, but a guarantee and a "threshold". However, due to the low threshold of online lending companies, the government has not yet issued guidance, and platform software can be bought from thousands to tens of thousands. Many people who owe a lot in private lending have bought platform virtual borrowers and virtual mortgages to attract investors to invest at high interest rates. High interest rates are generally at least 30% per year, and individual platforms reach 50% to 70%.