Which online loans are bad online loans? What happens if you don't?

Usury and so on are all bad online loans, which will not only lead to an increase in interest and collection.

1. Which online loans are bad online loans?

1. Conceal the loan interest rate and fees: Some online lending platforms will deliberately generalize or conceal the loan fees, so that borrowers cannot truly understand the total amount and details of the loan fees;

2. Deposit absorption fraud: Some platforms that have not been approved by the CBRC will "absorb deposits" and "fund pools" for fraud and illegally occupy the funds of investors or borrowers;

3. Fraudulent use of the name of a legitimate financial institution: pretending to be a bank, securities company or other financial institution to commit fraud;

4. Promote agent commission fraud: Some platforms will adopt a multi-level agency model to plan commissions for lower-level agents and encourage them to attract more users, thus realizing the illegal act of substituting loans for loans;

5. The trading rules are opaque: the trading process is not open, and the trading rules are not open, which makes both borrowers and borrowers vulnerable to losses in the transaction;

6. High-interest loans: Some platforms deliberately increase the burden on borrowers and charge high loan service fees and overdue fees.

Second, what would happen if we didn't?

1. Interest rise: Some online lending platforms have borrowers who fail to pay back the loan within the time limit, and the principal and interest of the loan continue to accumulate. The longer the arrears, the less likely it is to be paid off;

2. Collection harassment: Some platforms use fraud and other means to collect money, which seriously interferes with the life and work of borrowers and causes adverse social impact;

3. Judicial proceedings: The borrower's overdue repayment may lead to judicial proceedings and face legal investigation and handling.

Third, how to avoid being affected by bad online loans?

1. Pay attention to online evaluation: Learn about the evaluation and background information of online lending platform through online search.

2. Multi-channel understanding: through the national website certification of television, newspapers, magazines, radio, financial information service platform for promotion.

3. Ensure legality: Choose a legal online loan platform to avoid being infringed by bad online loans.

4. Understand the terms of the contract: Before choosing an online lending platform and signing a contract, you should read the terms of the contract carefully to ensure your legitimate rights and interests.

Fourth, how can the government prevent bad online loans?

1. Establish a supervision system: The government should establish a supervision system for the online loan industry, including the investigation and punishment of illegal acts such as illegally absorbing funds, private credit, illegal guarantees, and usury.

2. Cracking down on criminals: The government should take comprehensive measures to suppress illegal acts and increase penalties according to law, such as absorbing and storing cases.

3. Perfection of financial laws and regulations: always pay attention to the development of online finance, improve the standard of breach of contract and the disposal of breach of contract, improve legal liability and prevent losses from all parties.