A doctor in Wuhan gave up his life because of online loan. Many people think that money is more important than life. These people only evaluate from their own point of view and the theoretical aspects they have learned, and have no real understanding of online lending.

First, the routine of online lending is very deep. This doctoral student at school is suffering from online routine loans. The main routine is to let more people who need their own money get funds through short-term loans. The interest on obtaining funds is actually not high, but the liquidated damages and service fees behind it are very high. If these two expenses are added with interest, the annual comprehensive interest rate may exceed 30%.

Second, young people must not touch online loans. I often tell young people around me that it is best not to touch online loans. In fact, it is your little money. Online lending can indeed provide us with convenience, but some routines behind it also make us face many difficulties in life.

Third, consumption in advance is the fundamental reason. All the roots are actually the demand for money. The demand for money is actually an overdraft for future funds, and it is actually an advanced consumption. We must give up the habit of spending in advance and don't get involved in the online routine loan model.

As someone in my family has experienced this situation, I can understand the feeling of being entangled in loans. They face not only the original principal, but also huge interest. Many people are forced to commit suicide because they can't pay interest. The state should rectify this aspect, otherwise it will harm more people.