Online loan collection during the epidemic

Collection work becomes more difficult.

Under the epidemic, it is more difficult to collect online loans, and it is expected that the overdue rate of online loans will generally increase. The main manifestations are: collection workers should not go out, and borrowers will not pay attention to door-to-door collection workers, making door-to-door collection methods impossible to implement; second, the epidemic has seriously damaged the real economy, and construction delays have greatly affected the repayment willingness and ability of repayers. Directly affects collection efficiency.

According to reports, during the epidemic, some old people also resorted to "pretending to be sick". They inserted thermometers into hot water to cause signs of high fever to show that they were under quarantine protection. Some borrowers took false quarantine photos to show that they were unable to repay and needed financial institutions to stop urging or reduce installment payments.

Online lending platforms will continue to exit or transform.

According to statistics from Wangdaizhijia, the cumulative number of platforms in the online loan industry is 6,612. As of the end of December 2019, the number of normal operating platforms dropped to 343, and the cumulative number of closed and problematic platforms reached 6,269.

At present, online lending institutions still focus on clearing risks. In fact, several institutions were formulating exit plans as early as years ago. However, many public institutions are still unable to resume work due to the epidemic, and many tasks cannot be carried out. Perhaps after the epidemic improves, there will be a wave of withdrawals of online lending institutions.

It is worth mentioning that during the epidemic, there were still institutions that announced their complete withdrawal. On February 11, Zhangzhong Wealth issued an announcement stating that since the date of the withdrawal of the online loan business on October 10, 2019, as of now, the loan balances of Zhangzhong Wealth’s online loan users have all been cleared and the online loan business has been completely withdrawn. .

In addition to exiting, some institutions are also planning to transform. Regarding the transformation path of online lending institutions, some regulatory documents have made it clear that institutions with no serious violations of laws and regulations, good financial technology foundation, and certain shareholder strength will be guided to transform into small loan companies. A small number of institutions with strong capital strength and compliance with regulatory requirements can apply to be restructured into consumer finance companies or other licensed financial institutions. However, due to the epidemic, the transformation process of most institutions has been delayed, which has also caused great difficulties in post-loan work.

In the past two years, my country's P2P online lending industry has experienced a mushrooming initial development period, a wild and rapid expansion period, and a stormy risk outbreak period, and has entered a period of policy adjustment.

China’s p2p online lending industry began to appear in 2007 and has developed rapidly since then. In 2018, China's online lending penetration rate ranked among the highest in the world, and China's online lending transaction volume ranked first in the world, reaching US$178.9 billion.

However, due to the lack of supervision in the P2P industry before 2016, a large number of problematic platforms operated illegally. Subsequently, regulatory policies were introduced and policies were tightened, the capital chain of problematic platforms was broken, the P2P online lending industry broke out frequently, and a large number of investors lost their money. Related Q&A: Related Q&A: Do Chinese people have the highest debt ratio in the world? Can all online lending platforms be closed?

Thanks for asking:

Only by ending the "siphon effect" of capital on social consumption wealth can we correct population fertility.

Life is endowed with the ability to reproduce and the growth cycle is a combination of natural substances with a small amount of damage and self-healing function. However, when nature creates living matter, it does not lock in all growth trajectories of life. In addition to the basic growth form, physical characteristics, and nutritional supply pathways of each natural life, the actual growth conditions still require independent adaptation after the birth of the individual life.

Human beings are the most intelligent high-level mammals in the natural life system. Among the natural life systems, only humans have evolved systematic abstract social civilization achievements. Only humans have the ability to achieve large-scale homogeneous division of labor. The ability to collaborate to transform natural material combinations. Only humans have improved their own food supply structure by domesticating sowing plants and taming captive animals... However, human social survival has not been able to break through the constraints of the natural "survival food chain". All must work to obtain supplies to maintain life.

Farmers & herdsmen sow grain and raise livestock, workers process daily necessities, businessmen connect the supply and demand of social consumption materials, and the state’s public power protects people’s legitimate labor harvests from illegal appropriation.... ..According to the principle of more reward for more work and fair rationing, mankind will definitely build a heavenly version of the human world. However, human nature is greedy and selfish, and the very few people who control the distribution of consumption, wealth, rights, and interests in human society always have endless selfish motives.

Allocate more natural resources to yourself, allocate the best natural resources to yourself, and find ways to ensure the steady growth of the resources you possess... The higher the degree of civilization evolution of human society, the more interpersonal relationships there are. The competition among each other becomes more and more complex. The strong primitive human ancestors will have an advantage and wisdom in the distribution of fruits of prey plants; the strong human ancestors will get more rations for themselves in the distribution of servants in farmland residences. One portion. In short, the higher the level of civilization in human society, the greater the gap between different groups of people in controlling social consumption wealth, and the exploitation of labor value among people will become more and more secretive.

The classic lines of mountain bandits in martial arts films and television works: "I opened this mountain and planted this tree. If you want to pass by this place, I will leave money to buy it." Since humans began to practice making use of natural materials, Starting from the domestication of sowing plants and the domestication of captive animals as living aids, human beings' own labor productivity has been greatly improved, and more and more spare living materials have gradually appeared in human daily life. Therefore, different human tribes began to snatch supplies for daily use.

Plants that grow faster can get more sunlight, water and soil, and stronger animals can occupy larger territories and companions. Similarly, the struggle between human ancestor tribes also produced relative leadership groups and subordinate labor groups. According to historical records, my country has had a systematic tribal division of labor and cooperation system since the Yin and Shang Dynasties. Tribal leaders have absolute control over the natural resources and people's labor results within the clan's jurisdiction, and the people within the clan are obliged to provide labor for the tribe. In exchange for the tribe's preservation of the fruits of its own labor.

Human clans continue to develop and merge, becoming larger and larger. The method of serving the tribe or the country by providing direct labor obligations for the people can no longer meet the needs of social development. For example, the huge Qin Empire was unable to meet the needs of social development because of its service. The laborers were destroyed in the uprising because they could not arrive at the work place as scheduled. Therefore, subsequent dynasties in ancient my country gradually used land rent and tax burdens to replace manual labor and became the main way for people to contribute to the development of the country.

The state uses tax burdens to collect "public security management service fees" enjoyed by the people in monetary form, which also provides an example for powerful private families to use capital to expand themselves. Therefore, along with the state collecting taxes in currency, the ancestors of modern banks with franchise rights began to make profits with the help of currency, so the currency financial game of "money begets money" quickly spread in the production, labor and life practices of human society. .

Help you realize your dreams, help you have an ideal life ahead of time, help you... Capital helps mankind optimize the utilization efficiency of social production and labor resources, and greatly improves the overall production and labor of human society. income. However, capital will not be used for free. While capital provides you with convenience, it will also take away part of the surplus value interest from your productive labor. If the growth rate of your labor productivity is greater than the interest earned by capital, then you can achieve a happy life with the help of capital's "icing on the cake" power. However, the greed of capital is endless, and the improvement of individual labor productivity is limited. Therefore, the vast majority of people who want to take advantage of capital end up being trapped by capital.

With a certain population base, certain productive labor resources, and a certain range of productive labor capacity, the total amount of wealth that can be generated by a specific human society can also be roughly determined. If a country or region has more wealth resources lying on the books of the financial system, then the less wealth remains in the hands of the people for free consumption; if the people of a country or region owe money to the financial system, then the people can use it for free consumption. The less money you have to spend raising children and supporting the elderly, the lower the society’s per capita fertility and support capacity will be.

Therefore, only by eliminating the "siphon effect" of capital on social production and labor wealth and allowing more social consumption wealth to stay in the family can we restore the family's ability to lust after young children, and have a reliable anchor for "unity and prosperity".