How harmful are online loans?

Online loans can really kill people.

I have a friend. The welfare housing allocated to him by his work unit is much cheaper than the market price. However, the welfare housing in his work unit requires full payment, because he, well, because He himself just bought a house of more than 110 square meters, and then, after buying the house, he bought a car. The money has not been paid off, and the mortgage has not been paid off, but what happened next? She thought it was a good deal and wanted to buy the welfare house allocated by her work unit. However, she may have been under great pressure and did not have enough money on hand. Later, he really wanted that house so much that he used the Internet to After the loan, people have been calling him recently, but he has been unable to pay the bills, so it seems that there are hundreds of dollars in interest every day, which is really crushing him.

So, I advise all my friends not to take out online loans, otherwise it will be like embarking on a road of no return.