First of all, the pressure on the cost of living has increased and it has fallen into a "vicious circle" of repayment.
People who "support loans with loans" may bear multiple debts at the same time, just like throwing stones at them. With the arrears, if you can change your lifestyle as soon as possible, you can at least improve your repayment ability by increasing revenue and reducing expenditure. The repayment date and interest growth of many loans should not be underestimated. If users are caught in a tight "debt chain", they can't easily break any link, otherwise the debt collapse crisis will easily occur.
Second, the harm of supporting loans with loans
Raising loans with loans is tantamount to quenching thirst with poison. Although it can temporarily alleviate the borrower's economic crisis, it will only make the debtor fall into the whirlpool of online loans and face the cruel punishment of repayment every day. Overdue online loans not only face the pressure brought by collection, but also face the pressure imposed on relatives and friends. So from now on, no matter how much money users owe to the platform, the first thing users need to do is to stop applying for loans, sort out their own loan application records, and distinguish the types of online lending platforms, which are formal, which are illegal, which are credit and which are not.
All in all, the pressure of repaying loans with loans in real life is particularly great. If we want to change the existing lifestyle and the current debt situation of "repaying the loan with loans", we need to make serious and down-to-earth efforts to transform the nihilistic consumption life into realistic daily necessities. How to make a scientific and reasonable plan through your own efforts needs serious consideration.