According to official professionals, the online microfinance platform (P2P) has been almost cleaned up, leaving only three institutions. Of course, three organizations do not mean that there are only three platforms left, because one organization (company) may operate multiple P2P platforms.

As for online lending, although it has its good side, the social crusade against it is stronger than praise. Because the development of P2P in China is too barbaric. In just a few years, it has grown from nothing to 5,000. This kind of rushing headlong into action will inevitably lead to big problems. Among these problems, the most criticized one is the unlimited loan for young people.

Peer-to-peer platform takes young people as the main borrowers, regardless of their repayment ability, and does not hesitate to set traps to lure young people to borrow money, resulting in many young people falling into the life of "loan slaves" and dragging down their relatives and families.

A large number of campus loans exposed in the early stage are the concentrated reflection of P2P problems. Campus loans have destroyed many young college students, and the impact is extremely bad. It is the bad influence of campus loans that makes the country determined to crack down on P2P. So many people hope that P2P will be thoroughly cleaned up.

In contrast, the operation of borrowing flowers is more standardized. Borrowing flowers does not belong to P2P, but belongs to the category of consumer finance small loans. Although the loan interest rate in Bai Hua is as high as 18%, it is still acceptable for many borrowers, especially for online loans with interest rate as high as 36%.

The existence of small consumer financial loans, such as borrowing money, not only facilitates people to borrow properly, but also enriches financial methods, so it is necessary to exist. The existence of consumer finance small loans, some people worry that many people will rely too much on consumer finance, and will also stage the evil consequences of P2P.

But objectively speaking, the existence of consumer finance small loans is more to provide a quick way for people who need rapid financing, which can solve urgent needs. There are still many people who apply for the micro-loan amount of consumer finance, which is stored in the APP as a reserve fund, which is not used at ordinary times.

At the same time, we should also avoid an extreme, thinking that a thing has a negative side and denying its benefits and the necessity of existence. For consumer finance small loans, we should also prevent this from happening.