1. High interest: In some cases, loan companies may charge high interest to borrowers, especially those with poor credit records or poor economic conditions. This will lead the borrower to repay more principal and interest and increase the economic burden.

2. Means of collection: Some non-performing loan companies use bad means such as threats, harassment and even violence to collect debts. This behavior seriously infringes on the legitimate rights and interests of borrowers, brings them physical and mental pressure, and even causes social problems.

3. Fall into a vicious circle: borrowers may have to borrow money because of temporary capital needs, but it is difficult for them to pay off the loan on time due to high interest and other expenses. This will lead to more and more debts, and then fall into a vicious circle, which will eventually damage the borrower's economic situation and credit record.

Summary:

The curse of thousand yuan loan is mainly reflected in high interest rate, collection means and vicious circle. These problems have seriously affected the borrower's economic situation and personal rights and interests, so it is necessary to strengthen relevant supervision and protect the borrower's interests.

Extended data:

According to the laws of our country, both borrowers and lenders should reach a loan agreement on a voluntary and equal basis, and clearly stipulate interest rates and other related matters. At the same time, China also supervises the legal operation of lending companies, and prohibits the use of threats or violent means to demand payment. Borrowers can complain to relevant law enforcement departments to safeguard their rights and interests.

Pay special attention to the credit standing of the loan company and relevant laws and regulations before borrowing to avoid falling into risks such as high interest rate and bad collection. In addition, we should actively establish a correct concept of consumption, avoid unnecessary borrowing, and pay attention to personal financial management and savings to maintain our own economic stability.

The above is the answer to the curse of thousand yuan loan, which mainly includes the detailed explanation of high interest rate, collection means and vicious circle. By strengthening relevant supervision and personal financial management, these problems can be better handled and the rights and interests of borrowers can be protected.