First of all, we must know that online lending cannot be across the board. Secondly, even after the online loan company is closed, our supervision will still be paid back.

The so-called online lending platform is only a third-party platform, which only acts as an intermediary and does not lend money directly to borrowers. Therefore, the collapse of these platforms does not mean that borrowers do not need to repay loans. For those borrowers who don't pay their debts, it is likely to affect their personal credit information and thus their lives.

Many loan products on the online lending platform are illegal loans.

To some extent, many loan products on the online lending platform belong to usury, because the annualized rate has far exceeded 20% or even higher. For those loan products, these products are originally informal and can only be sold on those informal online lending platforms. These online loan products have also harmed many young people, leaving many young people with huge debts.

At present, there are not many online lending platforms.

Since the CBRC rectified these online lending platforms, there are only three online lending platforms left, and it can be said that more than 90% of online lending platforms have been eliminated. Under such circumstances, the latter online lending platform will not be directly removed, because the repayment of online loans has specific norms and needs to follow specific processes. Some people may think that the products of the online lending platform do not need to be returned. In fact, this idea will affect your personal credit information.

The online loan platform is only a third-party platform, and online loan products still have to be returned.

For those closed online lending platforms, borrowers have no way to repay through online lending platforms. At this time, they can take the initiative to contact the relevant departments and repay the loan through a third party. For those online loan products that charge interest illegally, only the principal part needs to be repaid, and there is no need to repay the usury part. The penalty interest of some online loan products is particularly high. In fact, those penalty interests are not protected by law.