His parents paid 90,000School loans34 in 3 months before he diedInternet lendingApplications
His uncle told the newspaper daily economy news that yesterday he also had a platform called blue cat finance and greengrass financing calling his brother (his father) to collect the loan。
According to the debt-service recording provided by uncle xu, the child borrowed 3,000 yuan in principal from the greengrass loan, which was due one day after the receipt of the telephone call. Blue cat finance, for its part, claims to have made two loans on its platform, the last of which was $1,100, and currently owes $505。
Uncle xu said that the children had always been good, from elementary school to third grade, and that the impression of their families had always been bright. In april this year, he received text messages from his children, saying that he owed some $90,000 in school loans and that he had been breaking down the east wall to supplement the west wall. His father went to a police station next to his school to report the case and gave the money to the child to assume that the child had paid off the school loan and that he had received a reminder from the loan platform until the child left. At 1819 hours today, in distress, grandparents are still receiving a call from the loan platform。
Uncle xu said that he had borrowed money from his classmates in august this year, according to the police, in order to repay the internet loan。
For every reporter who looked through a third-party credit system based on a small, commonly used mobile phone number provided by uncle xu, 34 applications for internet loans were made within 90 days and 56 applications for internet loans within 360 days。
According to uncle xu, after graduating from university in july of this year, xue was successfully recruited to a small company, but his intention to study led to the abandonment of the opportunity to go to tin-free development and stay in nanjing for further study. The family suspected that most of the reason why shige had a light mind was the pressure on him to lend money on the internet and that he had not previously been aware of depression symptoms。
For shigeSuicideThe police had intervened to investigate whether it related to school loans。
"please stay away from school mortgages." uncle xu said that young men who were simple like white paper were passing away, and that they wanted all students to stop doing thatTragedyCome on。
School mortgages are bad, why is it so bad
Those who lost their lives on campus loans didn't stop them. The platforms stretch their claws into the campus! The grief of parents is repeating itself。
In march 2016, zheng deok-kyung, a student of the henan pastoral school of economics, made loans amounting to nearly $600,000 on various campus financial platforms that he could not afford to repay, and, after having been financed by various means by the lenders, he jumped off the 8th floor of a hotel in qingdao city
In april 2017, a two-year-old girl from xiamen huaihua college was given a nudity to pay a debt, burning herself in a hotel in spring county
In september 2017, 21-year-old shaanxi senior student zhu jiandi made a loan of more than 200,000 and jumped to suicide when he was unable to pay. Before he lost contact, he also sent a self-inflicted video to his classmates, where his left hand cut three deep wounds。
Weeds, nudity, suicides are the result of a variety of negative news and even vicious events that continue to erupt on campus loansRegulationAttitudes continue to tighten. In the first half year of may 2016, the former silver college, the ministry of education and other ministries continued to issue documents on school loans, with a much less stringent regulatory attitude。
However, why does school mortgages continue
According to industry observers and the co-founder of the society, shaw shihai, the first is that former campus lending institutions have become path-dependent and do nothing but lend to the campus; the second is that some cash lending products have been packaged into regular consumption instalments, thus penetrating the campus market; and the third is that, for formal financial institutions, ordinary students are not very good-quality borrowers, and even if loan support is available at a limited level, more need for funds or even lending habits can only reach the campus. Supply and demand have always existed, and regulation has failed to identify and effectively discipline “disguise school loans” and is difficult to curb the combination of supply and demand。
From the point of view of borrowers, the entire society advocated early consumption, “after 000” and “after 90” had developed a habit of borrowing consumption, and the chopping party had embarked on borrowing under the full-scale bombing of shopping festivals such as “6. 18” and “two-xi”. From the point of view of the lending platform, it is “interest-driven” because, in the immediate environment, school loans are a good profit growth point。
According to xue hong, assistant director of the sunning financial research institute, the regulatory principle for school loans is to open the door, block the door, encourage banking and financial institutions to organize themselves, and strictly prohibit micro-credit companies and non-licensed institutions. However, in practice, banks are less motivated and leave many gaps, leaving much room for non-licensed institutions。
Banks are not motivated for many reasons: first, interest rate restrictions. The profitability model of campus lending is based on high-interest coverage and high-risk coverage, but banks, as regular soldiers, have high expectations that they will not be able to follow high-interest paths, making their campus lending products difficult to profit and less commercially sustainable. Second is business restrictions. The campus lending market is too fragmented, excluding, first and foremost, local banks that cannot operate across regions, while national banks are large and have limited space in the campus lending market to attract strategic attention. Third is the competition factor. The internet giants have achieved a high degree of penetration of the school community by means of payment tools, holding the market firmly. For banking institutions, school loans are not undeveloped virgins, and even full investment may not yield good results. Four is reputational risk. School lending has limited space, but public opinion is highly sensitive and prone to reputational risks, further undermining bank motivation。
In the case of micro-credit companies and non-licensed institutions, students who do not have a source of income are credit-conscious and are relatively high-quality customers who, under pressure to operate, are reluctant to abandon the market. At the same time, in practice, the identification of the student of a borrower requires the initiative of the lending institution, which, if it deliberately fails to do so, can, to a certain extent, overwhelm the supervision and public opinion of the student population by granting loans to the student population on the pretext of failing to identify the borrower, so that a number of institutions are still engaged in school lending with a sense of luck。
