Why do online loans seek yingtan Mediation Center?

Yingtan City Financial Dispute Mediation Center is a company established specifically for online loan arrears. It has a legal background, and many collection platform industries take the opportunity to use this name for illegal collection.

The harm of online lending:

1, the interest is high, and some even usury. At present, the interest rates of most online loans are very high, the relatively low interest rate is 0.9 ~ 1.28% per month, and the high interest rate is even much higher than the legal interest rate of private lending, which is four times that of LPR4 in that year.

2. Due to the short term and high repayment pressure, it is easy for borrowers to be overdue. The loan term of online loans is mostly 3, 6, 12 months, which is very stressful for most customers and often leads to a high repayment ratio of borrowers' income, which is easy to be overdue.

3. It is not good for credit reporting. Lenders of online loans are often small loan companies and trusts. These are small loans from banks. Banks are customers who don't like online loans very much. Many bank loan products are not allowed to access online loans.