It is difficult for people who have gone bankrupt because of P2P online loans to get back on their feet, because many people have already fallen into the quagmire of debt.

With the continuous development of the Internet era, many traditional offline lending institutions have also put on the cloak of the Internet. Prior to this, there were more than 5,000 P2P lending institutions across the country. Many lending institutions themselves did not have personal credit reports, and they also fell into the category of loan sharking. For those people with bad consumption habits, many people have the habit of excessive consumption and overdraft consumption, so they also owe a lot of debt. P2P online loans have also harmed many people.

Nearly all P2P online lending institutions across the country have ceased operations.

With the introduction of rectification measures for P2P online lending institutions, nearly 5,000 P2P online lending institutions across the country have been liquidated, and all online lending institutions have ceased operations. Prior to this, many users were deeply troubled and harmed by P2P online loans, and most users were heavily in debt as a result. Some people's debt amounts have even seriously exceeded their repayment capabilities.

It is difficult for people who have gone bankrupt because of P2P online lending to turn over.

The reason why I say this is mainly because many people have problems with their consumption habits, so they also owe a lot of debt because of problems with P2P online loans. For those who owe P2P online loans, they will not only have debts from P2P online loans, but also debts from credit cards and other payment products. For them, many people do not have strong earning power, so it is difficult for them to repay all loans in a short period of time.

We need to use credit products as correctly as possible.

Although many P2P online lending institutions have closed down, this does not mean that there are no other credit products online. For consumers, we not only need to comprehensively evaluate our own consumption ability, but also need to evaluate our actual income ability. It is best not to do things beyond our ability, let alone fall into the misunderstanding of excessive consumption.