Official website March 17, the Insurance Regulatory Commission of the Bank of China issued the Notice on Further Regulating the Supervision and Management of College Students' Internet Consumer Loans (hereinafter referred to as the Notice).
The Notice clarifies that microfinance companies are not allowed to issue Internet consumer loans to college students, and further strengthens the risk management of Internet consumer loans to college students by licensed financial institutions such as consumer finance companies and commercial banks, and clarifies that institutions established without the approval of regulatory authorities are not allowed to provide credit services to college students. At the same time, organize all localities to deploy and carry out supervision, inspection, investigation and rectification of college students' Internet consumer loan business.
First, the essence of flower buds
Bai Hua is a credit card issued by Alipay, but this credit card has no physical card, and its name is not XX card. On the contrary, it took a very confusing name "Bai Hua", and people would not realize its essence at all.
The essence of credit card is a personal credit loan. The amount you spend with a credit card is equal to borrowing money from the bank or Alipay to pay the merchant. As long as the loan is paid off within a certain period of time, no interest will be charged. If the loan is overdue, interest or other fees will be paid.
Let's take a look at the explanation of repayment on the official website of Bai Hua. Apparently, the credit card was replaced by a vest.
Second, use pits where flower buds are easy to step on.
1, by stage
This is the pit that many people will step on when using flowers. When boys see the new mobile phone, girls see cosmetics, clothes and bags. If you are shy, there are always all kinds of temptations that you can't resist. If you calculate the installment amount, you should be able to cope with it next year, so you can bite the bullet and buy it. Temptation is always one after another, and it is found in stages that the bill can't be paid at all, and eating is a problem.
When you buy things by installment, the total amount of the last payment is much higher than paying the whole amount in one lump sum. At first, there was not enough money to use installment payment. Who knows that it costs more to buy the same thing in the end. This pit is big enough.
2. Minimum repayment amount
If the expenditure is too large within one month and the repayment amount of the bill is too large for a while, it is a helpless move for many people to repay the "minimum repayment amount". The remaining amount of the bill is calculated at the daily interest rate of 0.05%, which is equivalent to the annual interest rate of 18.25%, which is almost the level of usury.
3. Advance consumption and excessive consumption
In addition to economic consumption ability, many people buy apples, SLR and luxury goods by installment to live a so-called better life, while young people often become the victims of the current "stimulating consumption".
These are all early consumption and excessive consumption, and flower buds are a powerful tool to help these victims develop consumerism habits.