Campus Cash Credit costs, "burst table" section of the platform over the actual annual interest rate of 70%

In recent years, the campus market force loans, consumer credit demand is still college students various agencies fighting "meat and potatoes." Currently, there have been many such platforms, there is the web version, there are APP, they are surging, but also exposed some problems. An Internet financial industry insiders believe that the logic of these products is to use relatively high earnings to cover possible bad debts and overdue, but such a high cost is a certain risk, after all, it is beyond the scope of legal protection. In addition, since the loan is a new campus in recent years, the rise of industry, domestic in which no clear and specific regulatory measures. From a regulatory perspective of how to bind platforms, products, how fixed pricing, which has the right to decide which university students, which are currently the industry needs to address the issue. Although controversial, but college students consumer credit market is still various agencies fighting "meat and potatoes." With the continuous development of the market, credit products offered to the students is also increasing, in addition to the original consumer installments, providing a platform for cash loans is increasing. Recently, the "Daily News" reporter found that the amount of such cash loans are generally not high, in addition to several large platforms other than borrowing on a million, mostly in the amount of 3,000 yuan. Term loans are usually not long, monthly or daily interest calculation, a sum of 1,000 yuan a month's loan interest costs could be tens of dollars. But counted down, the actual annual interest rate of these products is very high, some reaching 60% to 70%, some even higher. Fear legal risks involved Reporter download several APP, found that the amount of loans for college students is not high given platform, the platform also given a lot of time limit in less than 6 months, or even less, but doing, the actual cost of borrowing not low. In APP company called "U Group University loan" for example, "U University family loan" in a prominent position on the page marked the "Rate Inquiry", in accordance with the rates calculated 30-day period 1,000 yuan loan borrowing costs 55 yuan. According to legend, the total cost of the platform is configured to interest + transaction costs, interest calculated in accordance with the loan amount 0.05% / day; in addition to 0.05% / day internet fee; and 25 yuan / T transaction fee. 55 yuan calculated in accordance with "U Group University mortgage" loan 1000 yuan a month cost of the actual annual interest rate of this loan reaches 67%. Because the transaction fees for this product is fixed, the longer the term, the higher the amount of this product, doing the annual interest rate is relatively low, such as by borrowing 3,000 yuan, the loan period of 40 days, the total cost of 145 yuan the actual annual interest rate of 42.5% this calculation. However, the interest payment will be deducted from the platform is of interest, so the actual borrowing down before the election, rates will be higher for this product. The one called "Hua Wuque college loans," the APP is similar. The platform describes that, mainly for cash loans service college students, the amount of loans provided by 300 to 3,000 yuan, for periods ranging from 1 to 6 months. The platform is charging methods "of each successful loan charges 0.2 yuan / day / $ 100 service fees (including intermediary service charges and interest collection, $ 30 per month less than 30 yuan by total income)", according to this the interest rate, the borrower's annual interest rate has reached 72%. An Internet financial insiders on the "Daily Economic News" reporter, said many students could not quite understand these calculations, but also not for so little money to pursue. Logic of these products is to use relatively high earnings to cover possible bad debts and overdue, but such a high cost, or there will be some risk, after all, is beyond the scope of legal protection. Late penalty higher Apart from interest rates, loans overdue penalty campus higher is the recent focus of attention. Some of the larger platform, although borrowing rate may not exceed 24% or 36% of the standard, but these platforms overdue rate is very high, the number of astounding. Recently, the Hunan TV station reported that, Changsha, a college sophomore loan 6000 yuan in net loan platform on campus interest installments overdue after 14 months, for a total repayment of more than 13,000 yuan, even more than the overdue principal amount of liquidated damages. According to "Beijing Daily" reported that the amount of the previous installments overdue interest penalty of 1% of the total price of all outstanding daily interest amount is levied, but the rules have been changed recently, dropped 0.5%. In fact, a similar penalty or late charge penalty interest, not a platform. "U Family University Loan" and "Hua Wuque college loan" overdue charges previously mentioned collection methods are relatively similar, including 20 yuan / pen and late fees from the date of repayment should be 0.5% of the daily amount of the loan terms collect liquidated damages. In this way the interest rate, if the borrower has a $ 1000 on the platform amounts outstanding principal + late charge repay a total of more than 2800 yuan a year later. Although this is an extreme case, but it can be seen that such a composition of interest. Frozen Games - Juegos de Frozen - Jogos de Frozen - Permainan Frozen - Игры Холодное сердце
Giochi di Frozen - Frozen Spelletjes - Gry Kraina lodu - Elsa Spiele - Jeux de Frozen - Elsa Oyunlari Internet preceding financial insiders on the "Daily Economic News" reporter, said student loans are generally not available to the graduates, it is to think that students do not drop out loans to this point, but the amount is relatively small, usually repayments. Wind control mode is actually relatively simple, but there is a problem, can not avoid the problem of repeat borrowing, which is prone to local issues, such as occurred before the problem is borrowing on multiple platforms, and a variety of costs are so high The result is deeper.