Writing | secretary-general
Produced by | Consumer Finance Channel
Recently, Renren Loan Fortune announced the eighth batch of names of people who evaded debts. According to the calculation of 500 people in each batch, 4,000 people who evaded debts were announced in less than two months. Renren.com's large-scale publicity of borrowers who evade debts may also be a helpless move in the face of overdue platforms and payment pressure.
Renren loan only publishes the personal information of the person who evaded the debt, and does not specify the specific loan principal. Since most of the assets of Renren's loans are small and medium-sized micro-loans, with long cycle and high amount, Renren's loans may face huge overdue risks.
In addition to the debt pressure, Renren Loan also cancelled a number of affiliated companies in time. In April 2020, Haidian Branch of Renren Loan Business Consultant (Beijing) Co., Ltd. was cancelled. Yang Yifu, the founder of Renren Loan, has two affiliated companies 12, including Wenzhou Puxin Business Consultant Co., Ltd., Zhong You Xinye Financial Information Service (Shanghai) Co., Ltd., Beijing Chaoyang Investment Consulting Branch and Zhong You Xinye Business Consultant (Beijing) Co., Ltd..
Compared with institutions such as Paipai Loan, 5 1 Credit Card, CreditEase and Youyou Loan, the transformation of Renren Loan is slow, and it is accused that a complete repayment plan has not been made public. In this regard, Renren.com said that due to the long term of platform assets, the adjustment was very troublesome, and an epidemic occurred after the adjustment began.
Renren Loan was established on 20 10, which is a peer-to-peer lending information intermediary service platform under the Jin Fu. Its founders graduated from Peking University and Tsinghua University. 20 13, 13 In February, Renren Loan received a series of financing of1300,000 US dollars, setting a record for the largest single financing in the industry at that time.
As the head institution of the online loan industry, the main force of everyone's loan is SME loans, and the customer base is relatively high. In addition, the enhancement of risk control capability also provides support for Renren to operate online loan business. According to the performance report of Renren Loan in the first half of 2020, the accumulated turnover of the platform has exceeded 1000 billion.
Although everyone's loan has been favored by capital, it is still difficult to stop the wave of loan withdrawal in the end. Everyone's loan entered the repayment stage slowly and difficultly. Yang Yifu held an online video communication meeting in June last year165438+1October to disclose the status quo and transformation of platform payment to investors.
As for platform payment, Yang Yifu bluntly said that everyone's loan payment situation is not optimistic. Renren's previous repayments were mainly based on advance payment. At present, the new business has stopped and the advance funds have dried up. This means that under the influence of epidemic situation, debt evasion and other factors, the repayment of Renren loan platform will face greater pressure.
Some lenders pointed out that in February, 2020, Renren.com announced that all platform data would be connected to the credit information system of the People's Bank of China, but the loan records on the actual borrower's credit information were seriously inconsistent with the amount in the lender's loan contract. When the platform lends money to the borrower, it deducts beheading interest in the name of "service fee" and "management fee" at one time, and forcibly adds this amount to the principal of the loan contract, resulting in inflated loan amount and inflated principal to be collected. This leads to the decline of borrowers' willingness to repay, which is also the fundamental reason for the overdue of a large number of loan contracts.
In addition, it is also revealed that the overdue rate disclosed in the semi-annual report of Renren Loan is about 0.22%, but Yang Yifu admitted in the video conference that the overdue rate in 20 19 has reached 20%, which is inconsistent and suspected of financial fraud and false disclosure.
When everyone repays the loan, an emergency transfer channel will be launched for loan users with urgent capital needs. Lenders can voluntarily apply for selling assets at a discount, and the assets applied for transfer will be borne by a third-party asset management company, which is irrevocable after the transfer is successful.
However, in the "emergency transfer channel" opened by the platform, it is difficult to pass the 30% discount application, and only the 6.5% discount channel can get off the bus urgently, and the principal discount of the final transaction may be lower.
At present, everyone puts all their energy into the collection. Renren.com said that it has run through the whole chain of pre-litigation mediation, batch filing, batch litigation and batch execution in many places, and will see results next year. Many borrowers have also received information about the collection of loans for everyone, and the intensity is obviously greater than before.
However, the stock assets of online loans are difficult to collect. Although platforms such as Renren Loan and CMA have all mentioned legal proceedings, the effect is actually average. When trying online loan disputes, the court will think that online lending institutions are not qualified to lend, which is illegal, and some courts even refuse to accept online loan cases. Even if the lawsuit is successful, the borrower has no property to execute, which makes the repayment of online loans in the foreseeable future.
The reason why the phenomenon of loan evasion is more serious is mainly because the online loan business itself is not compliant, and the setting of loan interest fees frequently steps on the red line, which increases the financing cost of borrowers and leads to the borrowers' low willingness to repay.
The White Paper on Financial Prosecutions in Chaoyang District of Beijing issued by the People's Procuratorate of Chaoyang District of Beijing pointed out that the number and amount of cases involved in peer-to-peer lending continued to rise, and major cases occurred frequently, with billions, billions or even billions of major cases. After the explosion of the platform, debt evasion occurred frequently. According to statistics, in such cases accepted by Chaoyang Procuratorate, the proportion of malicious evasion of debts is about 70%.
The People's Procuratorate of Chaoyang District, Beijing also mentioned that at present, in the process of retiring and transforming the entire P2P industry, more and more platforms are still experiencing criminal proceedings. On the surface, these platforms cater to supervision, but in essence they are evading and confronting supervision.
On the transformation path of online lending institutions, it is mainly transformed into a lending platform to match the funds of licensed financial institutions for borrowers with lending needs. If everyone wants to transform, we must curb the risk of entering the criminal procedure because of thunderstorms.