90% of online loan customers are college students. They are young and have no strong economic ability, so they become the main customers of online loan platforms. The reason why they borrow money is generally because they want to buy some luxury goods, such as mobile phones, bags, clothes and so on.
Therefore, if you want to stay away from the poison of online loans, you must have a correct understanding of your economic ability. Before you buy something, you must do it according to your own economic strength. If you want to buy luxury goods, no problem. You can earn money by working on your own, and then buy it after accumulating to a certain extent.
Then, don't trust online loans, there will be no pie in the sky. The requirements of online lending are very low, and there is no need for credit reporting or mortgage, but the trap is often hidden in this kind of loan without threshold. You think you can borrow money in a few simple steps, but you don't know how high the interest on online loans is.
Bank loan interest is generally 6%-8%, and the amount of online loan interest is as high as 24%-36%. And often when you borrow 5000 yuan, you may only get 4000 yuan, but you still have to repay it according to the amount of 5000 yuan. The repayment time is usually a few weeks or a month. When you repay the money, you will find that the money has snowballed to the point where it can't be exchanged.
Therefore, if you want to stay away from online lending, you must plan your economic ability and how much money you can buy. If you really need a loan, you must go to the bank or other formal channels.