Is online lending to help the poor or fish in troubled waters?

Originally, the purpose of the state's opening of private financial licenses was to use private capital to revitalize the economy, solve the financing difficulties of small and medium-sized enterprises, help them grow up, and encourage the public to start businesses. As a result, banks and enterprise platforms have forgotten their original intentions and deviated from their mission. Financial institutions or financial predators are too greedy, just want to make quick money, let the state and banks pay the bill, bypass supervision, and attempt to incite endless wealth with very little capital, resulting in debts for the whole people, especially the young people now.

These financial predators have violated their original mission and failed to follow the general direction designated by the state. Instead, after obtaining the financial license, they brazenly encroached on the people's interests and national wealth, and brazenly lent money everywhere, leaving young people with debts that will not be paid off in the next few decades.

Young people all over the country are basically in debt or about to be in debt, which makes young people and future builders struggle and tired on the road of survival and life.

Fortunately, the state adjusted its management strategy in time, and the regulatory agencies took timely measures to modify and adjust the financial management mode at a very fast speed, which fundamentally curbed these insatiable people, and firmly believed that with the gradual standardization and improvement of laws and regulations, the financial system would be stricter and the interests of the people would eventually be protected.

The online loan approval procedure is simple and the lending speed is fast. If there is no routine, the interest rate is appropriate and consensual. For emergency users, it is undoubtedly welcome to save their lives from the quagmire and give timely help. After all, it is embarrassing for the poor to borrow money at first sight. Take advantage of people's danger or when they are unprepared, set a routine or trap to deceive heartless people. For the poor, online lending, a behavior with amazing interest costs, is tantamount to sprinkling salt on the wound and sprinkling salt on the wound. No matter how damaging the trick is, lending will get rich financial benefits while taking advantage of the fire, and it will eventually attract retribution! People are doing it, and the sky is watching!

To put it bluntly, capital itself is the harvest of interests. Online lending is a sickle in the hands of capitalists.

The key is to be legal.

There is no free lunch in the world, and online lending companies are usury companies.

On the surface, it is poverty alleviation, but in fact it is fishing in troubled waters.

For online loans, they are all for profit, especially some individual websites, real black websites, not for making money, but some are really doing good things, unless they are formal financial departments and units with industry supervision.

Online lending is the product of an era, just like previous usury. I think it's ok to help people in need, but I never agree. People who live at the bottom of society are always better than relatives and friends who look down on people when life needs them.

Online lending is to help people in need and achieve the goal of taking chestnuts from the fire.

It is the right choice to stay away from online loans.