Beware of the big trap of microfinance

Stay away from small loans, avoid harm, refuse temptation and cherish life.

Now all kinds of micro-credit loans are blooming everywhere, which is dazzling. You can rent a house on the street and start a business without a license. There are countless unlicensed small loan companies hidden in the office building. The streets and corridors are full of people who post and distribute micro-loan advertisements.

The attractive words of online loans and campus loans attract people's attention, and even when working, having meetings and driving, they are called into harassing calls by small loan personnel for no reason. This kind of micro-credit has changed in the process of India's replication, which has brought very bad social consequences. It has been banned in India and Bangladesh for a long time, but it has become popular in China, bringing us the same social consequences.

After the media broke the news that many college students and enterprises were forced to die by small loan companies, they were shocked to hear that a college student from Peihua College in Xianyang, Shaanxi Province, a farmer from Shangluo County, Shaanxi Province, a student from Mobile College of Chongqing University of Posts and Telecommunications and a student from a university in Mianyang were all forced to die by small loan companies. Looking at the information on the Internet again is even more surprising: in a state of India, nearly 6.5438+0.5 million people died in a small loan company in just nine months, and some even died collectively. Why does a good financial product have such bad social consequences? Must it attract the attention of the whole society like the vicious incident of collective death in Andhra Pradesh, India?

China people have always regarded debt as a shameful thing, so they never want people to know that they have borrowed money from small loan companies. Even if small loan companies use illegal means to force them, most people still choose patience and silence. If they are forced to collapse at the last psychological defense line, they often choose to commit suicide. So in addition to media exposure, there must be many vicious incidents that are not known to the outside world. In order to prevent people from being cheated by small loan companies, we will unveil its gorgeous veil and expose the true face of small loans.

First, compound interest and high interest rate: the interest of small loan companies is many times higher than that of banks, and it is compound interest.

Second, the repayment method of equal principal and interest: the borrower originally bears high interest on funds, but due to the compound interest method of equal principal and interest, the borrower uses less and less principal except for the first month. However, the interest on the capital borne by the borrower has not decreased at all, that is to say, since the second month, except for the vast majority, the interest on the principal borne by the borrower has been rolling up with the extension of time.

Third, high penalty interest: interest is high compound interest, and high penalty interest is even higher than interest. If interest and penalty interest are combined, this so-called micro-credit loan in a gorgeous coat is even more usurious than usury. No wonder some people can't stand being forced to commit suicide. 1. As a company, microfinance companies, like other companies, are only qualified to deal in commodities, only one deals in financial products and the other deals in physical objects. Therefore, microfinance companies have no power to impose fines, so all fines imposed by microfinance companies on their customers (borrowers) are illegal and have no legal basis. Second, the profit source of small loan products introduced by small loan companies to borrowers (customers) is interest, and the high interest rate several times higher than bank loans already includes the risk costs of such small loan products, such as overdue risk and deferred repayment risk. Therefore, it is unfounded and should not be charged by small loan companies.

Fourth, beheading interest: it is illegal to behead the loan of the customer (borrower) first, and then give the rest to the customer (borrower), but still let the borrower (customer) bear all the principal and interest. This practice is done by illegal usury companies, and customers (borrowers) have the right to refuse to pay.

V. Illegal collection of hard and soft violence: The customer (borrower) has the right to reserve the right to pursue legal responsibility and moral compensation.

In order to achieve their goals, some small loan companies employ social idlers to collect customers (borrowers) by violence, hurting and insulting their lives, restricting their life or family freedom, and threatening and hurting their lives by violence. Customers (borrowers) and their families should report the case in time. In order to achieve the purpose of collection, some small loan companies deliberately disclose customer information, intercept customer communication information, harass other irrelevant personnel, and even send insulting and threatening information. Customers (borrowers) and harassed persons have the right to pursue their legal responsibilities.

Sixth, the disclosure and transaction of customer data and customer information: some small loan companies and small loan staff enjoy customer information in the industry, help customers (borrowers) to make serial loans, increase the repayment pressure and burden of customers (borrowers), and achieve the goal of making money for individuals. What is even more hateful is that the staff of some small loan companies directly buy and sell customer information at a price.

Seventh, serial loan: As small loan companies are interested in buying and selling customer information, many small loan companies will call customers once they get loans from small loan companies. No matter how extravagant they say, don't believe it easily. If you are dragged into a chain loan, you will be firmly stuck in the boat of small loans, and it is difficult to get off the boat. This is exactly what small loan companies and their staff want to achieve. In a word, there are too many social temptations now. But remember one thing: "It's not good to have a pie in the sky. When there is a pie in the sky, there must be a big trap waiting for people underground. " In particular, some small loans with gorgeous coats and sugar-coated shells are really hard to prevent. If you are not careful, you will be deceived and dragged into a trap. Students in school are not completely independent economically, so we must strengthen our awareness of prevention and personal cultivation, bearing in mind the teaching given by our ancestors in traditional culture that "success is frugal, failure is extravagant"; Don't blindly believe in the western consumption concept of "spending money tomorrow today", but do what you can, "wearing shoes has big feet". Once you accidentally get contaminated with small loans, you can't repay them. You should solve it through negotiation between the two parties. If you can't solve it, you can tell the school and the teacher. If not, it can be solved through legal channels. Don't go to extremes.