The Beijing Banking and Insurance Regulatory Bureau issued 8 consumer tips in a row: involving personal loans, financial management, crowdfunding and insurance surrender

Recently, the Beijing Banking and Insurance Regulatory Bureau issued eight consecutive consumer tips, including financial management, insurance, equity crowdfunding, agency surrender, card application "black intermediaries", insurance policies, personal loans, returns and exchanges Freight insurance and many other aspects.

In terms of financial management, the Beijing Banking and Insurance Regulatory Bureau reminds consumers to do "first look, second question, and third match" when purchasing financial management. At present, bank financial management risk ratings are divided into two categories: one is to rate investors and relatively objectively assess consumers' risk tolerance through questionnaires; the other is to rate the risk level of financial products themselves, with the purpose of It aims to objectively reflect the different risk attributes of bank financial management. Investors should choose and purchase financial products that suit them within their own risk tolerance and investment capabilities.

Regarding personal loans, the Beijing Banking and Insurance Regulatory Bureau reminds consumers to cultivate a correct outlook on money and values. It is necessary to increase awareness of fraud prevention and properly keep personal information. Choose formal financial institutions to handle business. Cherish personal credit records and enhance financial security awareness. Learn basic financial knowledge, understand the rules of financial operation, improve the ability to identify false propaganda and illegal financial advertisements, and enhance risk prevention awareness and self-protection capabilities.

In terms of equity crowdfunding, the Beijing Banking and Insurance Regulatory Bureau pointed out that it is necessary to be "clear", "clear", "see" and "ask" three times to stay away from illegal fund-raising. First, understand that the essence of illegal fund-raising is that "you seek high profits from others, and others seek your principal." Don't pick up the sesame seeds and lose the watermelon. There are many forms of illegal fund-raising similar to the "investment rebate" in this case, such as investment in "high-yield financial products", game financial management, consumer rebates, entity investment dividends, etc., which are highly deceptive and concealed and cover a wide range of areas. , highly harmful. The second is to understand that high returns mean high risks, and returns are always proportional to risks. "If the rate of return exceeds 6, there will be a question mark. If the rate of return exceeds 8, it will be very dangerous. If the rate of return exceeds 10, you will be prepared to lose all your principal." Do not have a "pie in the sky" mentality.

Regarding "black intermediaries" in applying for cards, the Beijing Banking and Insurance Regulatory Bureau pointed out that under the banner of "handling high-value credit cards", illegal intermediaries charge a handling fee of 5-20 for credit card limits, and a credit card limit of 2 For a credit card worth 10,000 yuan, you will have to pay a handling fee of 1,000-4,000 yuan. You should choose formal channels for credit card processing. Banks or formal financial institutions will not charge any fees and can grant credit based on the applicant's true credit status. Do not use intermediaries to blindly increase the credit limit and create hidden dangers of credit risks for yourself.

In addition, be cautious when withdrawing cash and making installment payments. Consumers who use credit card cash withdrawals or bill installment functions will incur interest and handling fees. The interest on cash withdrawals is generally calculated on a daily basis, with an interest rate of 0.05%, equivalent to an annual interest rate of 18.25. In addition, there is a cash withdrawal handling fee, which is generally 1-3 of the cash withdrawal amount; installment handling fees are also required for bill installments. If calculated based on 12 installments, the actual handling fee can reach more than 7. Therefore, before using a credit card to withdraw cash or make installment payments, you should first determine whether the fees incurred are within your financial tolerance, and do not act impulsively.

1. Brief introduction to the case

Zhang and Yu lived in the same village. One day, Yu asked Zhang to help him apply for a personal consumption loan of more than 100,000 yuan. Yu told Zhang that he only needed to provide his ID card, cooperate in opening a bank card, record videos, and answer calls from reviewers. At the same time, he promised that Zhang would not need to repay the loan after the loan was received, and would pay him a 3,000 yuan benefit fee. Zhang felt that he could help his friend and earn 3,000 yuan for nothing, so why not do it? He immediately agreed to Yu's request and handed over his bank card to Yu for safekeeping after handling the loan business. During this period, Zhang approached Yu because he was worried that no one would repay the loan. Yu reassured him and said that if there was a repayment problem, Yu would dispose of the collateral in time to help him settle the loan. A year later, Zhang's application for a bank credit card was rejected, and he discovered that the above-mentioned loan had been overdue for several months, and Yu had also transferred the full amount of the loan and disappeared.

2. Case Analysis

In recent years, due to the rapid increase in consumer credit demand, commercial banks, consumer finance companies and other financial institutions have issued “unsecured, unsecured, small and dispersed loans”. "Personal consumption loans have become a hot commodity." Some criminals use "assistance in loan processing" and promise various "favorable fees" and other fraudulent means to deceive or trick consumers into applying for such loans, and ultimately achieve the purpose of defrauding loan funds. However, deceived consumers like Zhang not only failed to actually use the corresponding loans but also incurred huge debts. They also left bad records on their personal credit reports. It can be said that they "lost their wives and lost their soldiers."

3. Risk Warning

In order to protect the safety of your own property and stay away from the "head loan" scam, the Beijing Banking and Insurance Regulatory Bureau reminds you:

First, cultivate Correct outlook on money and values. Don't be greedy for cheap, don't take chances, don't take the so-called "free lunch", and don't believe in the lies of "pie in the sky".

The second is to increase awareness of fraud prevention and properly keep personal information. Do not lend identity documents, personal information, bank cards, etc. at will, and do not sign blank loan contracts at will. You must check to verify whether the loan company and the lending business are formal, read the terms of the loan contract carefully, and know your legal responsibilities.

The third is to choose formal financial institutions to handle business. Through formal channels, consult professional practitioners, combine your own risk tolerance, and purchase financial products and services cautiously and rationally. Before handling, it is necessary to verify the information through multiple channels, identify the counterfeiting and deception methods of criminals, and avoid falling into the trap of scammers.

The fourth is to cherish personal credit records and enhance financial security awareness. Pay attention to the security of personal information and cherish your credit record. Learn basic financial knowledge, understand the rules of financial operation, improve the ability to identify false propaganda and illegal financial advertisements, and enhance risk prevention awareness and self-protection capabilities.

1. Overture: a first look

2. Chapter: two questions

One question is the product expiration date. When choosing financial products, consumers should promptly clarify the product investment period with bank employees with financial management qualifications, and then make product selections based on the ideal investment cycle. Bank financial management products can generally be divided into ultra-short-term, short-term, medium-term, long-term and other fixed-term financial products and open-ended financial products according to the investment period. Open-ended financial products can be subscribed and redeemed every day or on an agreed date. Other fixed-term financial products must obtain principal and income within a specified period after the product expires.

Second, ask about the related costs. When consumers choose financial products, they should ask in advance whether relevant products incur relevant fees during the purchase, holding and redemption processes to avoid misjudgment of the actual expected income level of financial products due to failure to consider fee rates. For example, some open financial products do not charge any fees when purchased, but upon redemption, redemption fees at different rates will be charged based on the holding period of the financial product. If consumers redeem it within a short period of time after purchase, Not only will the expected returns not be obtained, it may even result in a loss of principal.

3. Ending: Three Matches

First, risk tolerance matches product risk. It is very important for financial consumers to understand their true risk tolerance, and the purchase of financial products must match this. At present, bank financial management risk ratings are divided into two categories: one is to rate investors and relatively objectively assess consumers' risk tolerance through questionnaires; the other is to rate the risk level of financial products themselves, with the purpose of It aims to objectively reflect the different risk attributes of bank financial management. Investors should choose and purchase financial products that suit them within their own risk tolerance and investment capabilities.

Second, financial management needs match product liquidity. Because they are in different living environments and life stages, different consumers often have different financial management needs. When consumers purchase financial management products, they should choose financial products based on their own needs for capital liquidity and match the matching period.

For example, young people who have just entered the workplace need to have cash on hand that can be used at any time. It is more appropriate to purchase flexible open-ended financial products or short-term financial products; for middle-aged people who have stabilized their lives and accumulated a certain amount of wealth, it is more appropriate to purchase flexible open-ended financial products or short-term financial products. According to your own capital arrangements, choose to add financial products with a longer allocation period.

Third, financial management preferences match product investment directions. In order to meet the investment needs of consumers with different investment experiences and abilities, financial products have gradually evolved into different investment types and investment styles. Consumers can choose financial products that match them according to their own investment preferences. Consumers who want to purchase relatively high-interest and low-risk financial products can choose structured financial products. The yields of these products are mostly linked to price levels such as gold and interest rates, giving investors the opportunity to obtain the product when the product expires. A higher income level than traditional financial management; for consumers who want to obtain high returns and have a certain risk tolerance, they can choose floating income financial products. This type of product has a relatively wide range of capital investment, and the income level will vary with bonds, stocks, etc. Asset prices fluctuate up and down, and investors have the opportunity to enjoy excess returns from market investments, but at the same time they also bear the risk of partial loss of principal. Only by carefully choosing and rationally allocating financial products on the premise of clarifying their own investment preferences, can consumers truly achieve the financial goal of asset appreciation on the basis of asset preservation.

1. Introduction to the case

An investment company is a relatively high-profile investment company in the Internet financial circle recently. The company claims that the online mall APP it operates has been valued at tens of billions of yuan. It will be launched overseas soon. In order to expand its business scale, the company accepts investments nationwide in the name of "financial innovation". It invests shares starting from 5,000 yuan, with no upper limit, and promises to return dividends at an annualized rate of return of 12%. It cannot be listed within three years. The target is for the company to repurchase its equity in full. At the same time, investors can also receive high points to redeem products in the online mall. If they can introduce other new investors, they can also receive cash rewards. Such "high-yield" projects have attracted the participation of many investors. Just over two years after its establishment, the company has attracted more than 400,000 investors across the country, with a cumulative investment of more than 20 billion yuan. However, the good times did not last long. The company suddenly stopped providing cash rebates to investors on the pretext of increasing capital and stock. A large number of investors gathered at the company's office and asked to withdraw their investment, only to find that the building was empty and all their initial investment had been lost.

2. Case Analysis

Under the banner of "equity crowdfunding", this company illegally absorbs public funds, rebates layer by layer, and develops offline. Its essence is a Ponzi scheme. In this way, new investors’ money is used to pay interest and short-term returns to old investors to create the illusion of making money and thereby defraud more investments. Such illegal fund-raising cases have the following characteristics: First, they use the slogan of “low risk, high return”. Criminals take advantage of some consumers' greed for high profits and make false promises to them to trick consumers into buying illegal products. The second is the fund replenishment method of demolishing the east wall and repairing the west wall. Such cases usually have no real and reliable investment channels, which means that they cannot fulfill the high yields and returns promised to investors. However, criminals often expand the scope of customers and the scale of attracting funds to gain room for capital transfer. The more investors participate, the longer the scam lasts, and the more illegal profits the criminals make from it. The third is to develop downline and establish a pyramid investor structure. Criminals attract many investors to participate through paid development and offline development, and develop layer by layer to form a pyramid-like investor structure. After enjoying the benefits, many investors also use inducement, persuasion and other means to drag their relatives and friends into the scam, causing the scam to become bigger and bigger.

3. Risk Warning

In order to protect the safety of your own property, the Beijing Banking and Insurance Regulatory Bureau reminds you: do one "clear", two "white", three "look" and four "question" ", stay away from illegal fund-raising.

Clear. Understand the principle of participating in illegal fund-raising at your own risk. Illegal fund-raising is an illegal activity that is expressly prohibited and severely cracked down by the state. The interests of participants are not protected by law, and the resulting risks are borne by the investors themselves without compensation from the state.

Consumers should carefully identify, invest with caution, and stay away from illegal fund-raising traps.

Erbai. First, understand that the essence of illegal fund-raising is that "you seek high profits from others, and others seek your principal." Don't pick up the sesame seeds and lose the watermelon. There are many forms of illegal fund-raising similar to the "investment rebate" in this case, such as investment in "high-yield financial products", game financial management, consumer rebates, entity investment dividends, etc., which are highly deceptive and concealed and cover a wide range of areas. , highly harmful. The second is to understand that high returns mean high risks, and returns are always proportional to risks. "If the rate of return exceeds 6, there will be a question mark. If the rate of return exceeds 8, it will be very dangerous. If the rate of return exceeds 10, you will be prepared to lose all your principal." Do not have a "pie in the sky" mentality.

Third look. First, look at the industrial and commercial registration information to find out whether the relevant enterprise is a legal enterprise and whether it has gone through legal procedures such as tax registration. If the identity of the enterprise is illegal, it is suspected of fraud; secondly, check whether the relevant enterprise has obtained relevant approvals and confirmations from the financial regulatory authorities. Whether the financial management products are within its approved business scope. Enterprises that do not have relevant qualifications cannot sell financial management products; thirdly, check whether the relevant enterprises have records of illegal activities in the past to avoid the risk of criminals illegally raising funds and committing crimes again in other places.

Four questions. Ask yourself whether you understand the nature of the product you want to buy and whether you have the appropriate risk tolerance. Secondly, ask for the opinions of professionals, especially for low-risk, high-return investment advice and repeated persuasion from relatives and friends, to prevent them from becoming the target of illegal fund-raising; thirdly, ask for company or product information from relevant departments, and ask for the opinions of those who cannot. To determine whether it is illegal fundraising, you should ask the relevant departments for re-confirmation and make an investment decision after learning the details; fourth, ask how to protect your rights after illegal fundraising is discovered or occurs. Once consumers discover that an enterprise or individual has engaged in illegal fund-raising activities, they should promptly report the case to the public security organs, which will file a case for investigation and punishment; if they unfortunately become victims of illegal fund-raising activities, they should pay attention to collecting evidence of illegal fund-raising activities, assist the public security organs in handling the case, and avoid being cautious. Keep illusions to avoid suffering greater losses.

With the continuous improvement of social living standards, people's insurance awareness is getting stronger and stronger, and insurance needs are also diversified. More and more people pay attention to obtaining risk protection by purchasing insurance, especially personal insurance products. , optimize asset allocation, etc. In recent years, insurance companies have also developed a variety of personal insurance products to meet the diverse insurance needs of different consumer groups. However, many consumers feel at a loss when faced with the wide variety of products on the market. They do not know which insurance products are suitable for them, and even buy insurance blindly because of impulse consumption. In order to promote a healthy insurance consumption concept, the Beijing Banking and Insurance Regulatory Bureau reminds you to do "four things" to buy insurance clearly:

First, look at the demand. Personal insurance needs can be roughly divided into family financial responsibilities, emergency reserves, children's education planning and pension planning. At different stages of life, you face different risks and your insurance needs are also different. Generally speaking, when you are young, you focus on family financial responsibilities. Once the insured is in danger, the relevant insurance can provide some financial support for parents and spouses; in middle age, you focus on retirement reserves for children's education, and at the same time, the demand for health protection gradually increases. ;In old age, we focus on elderly care and health care. Consumers should choose appropriate products based on their family circumstances and stage of life.

Second, look at the product. Different personal insurance products have different emphasis on risk protection, savings or investment functions. Generally speaking, accident insurance, health insurance and term life insurance have relatively high protection components, and consumers can purchase such products to transfer losses caused by unexpected risks; participating insurance, annuity insurance, etc. have the functions of savings and investment. Consumers with needs for children’s education and retirement planning can consider it. However, although some products focus on investment functions, they are still essentially insurance products. It is not appropriate to compare them one-sidedly with financial products such as bank deposits and treasury bonds, let alone use them as a substitute for bank deposits.

Third, look at income.

Protective personal insurance products can provide higher protection at relatively lower premiums. Consumers must fully consider the impact of risks on themselves and their families when setting the insured amount. In addition, payment methods for personal insurance products with a term of more than one year are divided into two types: one-time payment and installment payment. Consumers should determine the payment method that suits them based on the amount of their idle funds and the stability of their income. Generally speaking, the premium expenditure is between 5 and 15% of the annual income.

1. Brief introduction to the case

Recently, consumer Cui reported to our bureau that his policy service staff used high returns as bait to sell insurance products to insurance companies under the guise of in-house purchases. It markets non-insurance financial products. In 2014, one of its policy service personnel, Wang, promoted a variety of financial products including "Financial Management Jujiaxi" to the insurance company in the name of helping to purchase the financial products purchased within the insurance company and the income of the products was higher than the bank deposit interest for the same period. Based on his trust in Wang, Cui has successively invested 775,000 yuan in purchases since 2014. The salesman Wang provided Cui with an IOU as a purchase certificate. After the product expired in early 2018, Cui repeatedly pressed Wang for the principal and interest, but to no avail. Only then did he learn that the product recommended by Wang was not a regular product of the insurance company, and his above-mentioned investments were facing irrecoverable consequences.

2. Case Analysis

This case reflects that individual employees of insurance companies, in order to seek personal gain, induced or even deceived insurance consumers to purchase non-insurance financial products, causing consumers to suffer huge losses. This behavior usually has three characteristics:

First, it targets the existing customers of the insurance company. The current cases reflect that individual illegal insurance practitioners have taken advantage of the trust of old customers and promoted them to them in the name of "returning the old and keeping the new" and purchasing high-yield financial products in-house.

The second is to use the insurance company to endorse its illegal sales behavior. After investigation, the insurance practitioners involved in the relevant cases would make untrue representations such as that the products they promoted were developed and operated by insurance companies when promoting non-insurance financial products to customers, thereby misleading consumers. In fact, the non-insurance financial products such as third-party financial products it promotes may not only have not been approved by the financial regulatory authorities, but may also be "three-no products" fabricated by criminals out of thin air.

The third is to use high returns as a sales gimmick. In such cases, salespeople often promise "guaranteed capital and high returns" or much higher than bank financing or deposit interest rates during the same period to induce consumers to buy the product.

3. Risk warning

In order to avoid your own property losses, the Beijing Banking and Insurance Regulatory Bureau reminds you:

First, carefully verify the qualifications of salespersons and improve self-protection consciousness. Relevant regulatory regulations of the China Banking and Insurance Regulatory Commission require that insurance companies, professional insurance intermediaries and their employees are not allowed to sell non-insurance financial products that have not been approved by the relevant financial regulatory authorities. At the same time, salespersons must meet corresponding qualification requirements before selling non-insurance financial products. If an insurance salesperson recommends non-insurance financial products to you, please be vigilant and check the relevant qualifications.

The second is to read the contract terms carefully and confirm the product attributes. When consumers sign an insurance contract, they must carefully read the contract content and confirm the detailed terms and important information of the insurance product (such as insurance liability, payment method, insurance company, etc.) to prevent the fake from being confused with the real one. After purchasing insurance, you can check the authenticity of the policy by calling the insurance company's unified customer service hotline, logging into the official website, or going to the insurance company's counter. If it is confirmed that the salesperson is selling a third-party financial product, he should carefully confirm the product attributes, operating organization and other information.

The third is to consume rationally and not be confused by "guaranteed capital and high returns". When purchasing financial products, consumers should understand that investment risks are directly proportional to investment returns. They should not blindly believe in the salesperson's promise of "guaranteed capital and high returns" and purchase financial products through formal sales channels based on their actual needs and risk tolerance.

1. Introduction to the case

Recently, our bureau received a complaint from consumer Lu, stating that he purchased return and exchange freight insurance during the shopping process on an online shopping platform. After receiving the goods, Lu If you find that the product is inconsistent with the seller's description, negotiate with the seller to return the product, and the insurance company will bear the responsibility for freight compensation. However, due to the large size of the goods, Lu actually paid higher transportation costs, and the insurance company’s actual claim amount could not fully cover the transportation costs. Therefore, he complained to our bureau and asked the insurance company to make up the difference. This complaint was a contract dispute. After our bureau guided the Contract Dispute Mediation Committee of the Beijing Insurance Association to intervene in the mediation, the complainant and the insurance company finally reached an agreement and withdrew the complaint to our bureau.

2. Case Analysis

The above case involves return and exchange freight insurance, which is often used by consumers in daily online shopping. It is generally purchased by the buyer. When a return or exchange occurs, the insurance company The company applies for a claim and the insurance company bears the freight. This type of insurance is favored by many consumers due to its high degree of automation throughout the entire process, convenient insurance application, and low premiums. However, in the actual operation process, because consumers often check directly on the order page without carefully reading the insurance terms, they are not clear about the insurance liability, exemption content, claim amount, insurance period and other contract contents, so the claim settlement stage is easy. Disputes arise.

3. Risk Warning

In order to make reasonable use of return and exchange freight insurance and reduce the burden of returns and exchanges on consumers, the Beijing Banking and Insurance Regulatory Bureau reminds you:

Firstly, Understand purchasing needs. Consumers should rationally judge whether they need to purchase return and exchange freight insurance. Each consumer order has corresponding insurance. Consumers should judge whether there is a risk of return or exchange based on the products they purchase, such as multiple purchases, daily life, high-quality, etc. Products are relatively less likely to be returned or exchanged, and consumers should decide whether to purchase them based on the actual situation.

The second is reasonable price comparison. The premium of return freight insurance is linked to the actual order content, consumers, etc. The claim amount is determined based on the distance between the buyer's receiving place and the seller's return place. The general maximum limit is 18 yuan. Consumers can choose whether to purchase by calculating the difference between the actual premium and the claim amount, and whether the claim amount covers the actual freight.

The fourth is to understand the insurance and claims process. After deciding to purchase insurance, consumers should confirm that the insurance is successful to avoid the policy not taking effect due to failure to pay the premium and other reasons. After a claim occurs, you should apply for a claim to the insurance company in a timely manner and complete the corresponding procedures, such as filling in the return express form, reason for return, etc., to ensure timely compensation.

1. Introduction to the case

Consumer An purchased a participating insurance product from an insurance company two years ago. An paid the premium on time and the insurance contract has always been in effect. . In July 2019, An received a call from Kang, saying that he was a staff member of the insurance company and was now reviewing the profit-sharing status of its participating insurance products. Since An's profit failed to meet expectations, he recommended An to surrender the policy. The procedure was carried out to stop the loss in a timely manner, and he informed An that he could help him achieve a full refund for a fee. An had doubts and called the official customer service hotline for verification. He learned that Kang was not an employee of the insurance company and was told that the loss of surrender would be huge and it was not recommended to cancel the policy. Only then did An learn that he had almost been deceived.

2. Analysis of the case

Agent surrender is a normal insurance service, but recently many "black industry gangs" that act as agents to surrender insurance have emerged in the insurance market, under the guise of "professional insurance" In the name of "rights protection", it incites consumers to entrust its agents with "full surrender" matters, prevents consumers from communicating with regulatory authorities and insurance companies, attempts to cut off consumers' normal rights protection channels, and defrauds customers into paying high fees, causing consumers to be illegal Rights and interests are damaged. Common fraud techniques are as follows: First, pretend to be an insurance company employee and call the policyholder to induce them to go through the surrender procedures. The second is to slander insurance companies and their insurance products, inform policyholders that they will suffer huge economic losses if they continue to hold the products, and encourage customers to cancel their insurance policies. The third is to induce policyholders to change their contact numbers through the insurance company's customer service phone number and authorize criminals to handle the surrender procedures for them.

The fourth is to charge a higher proportion of fees or encourage policyholders to purchase so-called "upgraded products".

3. Risk warning

In order to protect your legitimate rights and interests, the Beijing Banking and Insurance Regulatory Bureau reminds you:

First, carefully verify the identity of the caller. After receiving such a call, consumers should inquire in detail about the caller's basic information, including name, unit, contact number, contact address, etc., and verify the information provided by the other party, and do not contact unknown persons. If the caller is suspected of committing fraud or illegally obtaining citizens' personal information, the case should be reported to the public security agency in a timely manner.

The second is to safeguard rights through formal channels. If consumers have policy service, surrender needs or related questions, they can directly verify personnel and product status through the insurance company's official website, customer service hotline and other channels. If a complaint needs to be made, the insurance consumer himself or his client should report it to the Beijing Banking and Insurance Regulatory Bureau through letters, visits, phone calls, etc. Do not allow criminals to illegally make complaints on their behalf and make profits from it.

The third is to handle surrender with caution. Criminals persuade consumers to surrender their insurance policies in order to obtain illegal economic benefits. Whether it is charging surrender fees or encouraging the purchase of so-called "upgraded products" after surrender, consumers may suffer corresponding economic losses. Not only will consumers face the risk of missing out on the protection of the original insurance contract, but there will also be another risk. Risks include increased premiums, recalculation of the waiting period, and even possible rejection of insurance when applying for insurance. It is recommended that consumers handle surrender with caution based on their actual risk protection needs and financial payment capabilities.

1. Introduction to the case

Xiao Wang, who has just graduated from university, works at the front desk of a high-end office building in the CBD. Although the environment is superior and the image is bright, his actual monthly income is only More than 3,000 yuan. Xiao Wang was filled with envy and jealousy every day when she saw the white-collar workers coming and going in and out of the office building. She longed to live such a life. When he was depressed, Xiao Zhang, a credit card intermediary, came to "sweep the building". He suggested that he had a way to help Xiao Wang apply for a high-value credit card. Sure enough, the card arrived soon, with a limit of 200,000. The feeling of swiping the card is really great. All you need to do is swipe the things you want to buy. As a result, Xiao Wang successively applied for credit cards from several financial institutions through Xiao Zhang, with a total credit limit of up to 800,000 yuan. The long-established desire for consumption is like a flood that has opened up and is out of control. After overdrafting more than one million yuan, Xiao Wang's capital chain was broken. Her income and family situation simply could not afford such a high repayment amount, which seriously affected her normal life.

2. Case analysis

In the above case, the main factors that led to the tragedy were the following two points: First, illegal card application through "black intermediaries". At present, many "black intermediaries" use WeChat groups, web pages, text messages, small advertisements, etc. to spread "large credit card agency" information under the banner of "high credit extension", and help targets by forging income certificates, property certificates, etc. A customer is granted a credit limit that exceeds his or her ability to repay. Some consumers are deceived by short-term interests and do not hesitate to pay huge intermediary fees to achieve the purpose of applying for large-value credit cards. The second is improper use of credit cards. Credit card is a "double-edged sword". It facilitates payment and allows you to enjoy more preferential activities. However, if you spend excessively, the cardholder will become a "card slave", causing irreparable economic losses and affecting Personal credit reporting can even endanger normal life.

3. Risk Warning

In order to protect the safety of your own property and regulate card application and card usage, the Beijing Banking and Insurance Regulatory Bureau reminds you:

First, illegal intermediaries Stay away. Under the guise of "handling high-value credit cards," illegal intermediaries charge a handling fee of 5 to 20 yuan for a credit card limit. For a credit card with a limit of 20,000 yuan, you have to pay a handling fee of 1,000 to 4,000 yuan. You should choose formal channels for credit card processing. Banks or formal financial institutions will not charge any fees and can grant credit based on the applicant's true credit status. Do not use intermediaries to blindly increase the credit limit and create hidden dangers of credit risks for yourself.

Second, be cautious when withdrawing cash and making installment payments. Consumers who use credit card cash withdrawals or bill installment functions will incur interest and handling fees. The interest on cash withdrawals is generally calculated on a daily basis, with an interest rate of 0.05%, equivalent to an annual interest rate of 18.25. In addition, there is a cash withdrawal handling fee, which is generally 1-3 of the cash withdrawal amount; installment handling fees are also required for bill installments. If calculated based on 12 installments, the actual handling fee can reach more than 7. Therefore, before using a credit card to withdraw cash or make installment payments, you should first determine whether the fees incurred are within your financial tolerance, and do not act impulsively.

The third is to put an end to blind consumption. If you can't see cash when swiping a card to make a purchase, many people won't feel "distressed" and won't consider their repayment ability in advance. Consumers should establish a correct concept of consumption, apply for and use cards rationally, and enjoy more favorable and faster payment services while consuming rationally. They should avoid using credit cards to cash out, "removing one wall to pay for the other" and other blind consumption methods. This will avoid various risks caused by the break of the "capital chain".