After failing the college entrance examination, he spent tens of billions of dollars in online loans

"What, we met a professional wool gang!"

At this time, many people in the Nanfang Online Loan Association heard the news

It directly shocked many people.

You must know that there are tens of thousands of online loan platforms nationwide.

There are nearly a thousand companies in Nanfang City alone. Naturally, there is an industry association.

And now they just heard this amazing news

"Everyone!"

"Indeed!"

"We have already confirmed this with many members!"

"They did grant loans to these people!"

"It can be said that these people took at least 80 to 100 million from each of our families!"

As the vice president of Nanfang Online Lending Association

Zhao Feiyu frowned. He also got this news from some channels. He didn't believe it at first.

Because it is impossible for normal people to borrow money from so many online loan platforms

Why can't this be found?

And there aren’t that many people who are so courageous that they dare to borrow tens of millions.

But they were dumbfounded in the end. This turned out to be true. They confirmed it with hundreds of member companies, and more than 9% of them had issued loans.

This means that they were all taken advantage of by online loans.

"Incredible, this is simply incredible!"

"Who are these people?"

"They are so brave!"

"Why are you able to bypass our review again!"

"Can I borrow money?"

At this time, everyone below was dumbfounded. This fact directly made them at a loss.

They were actually ripped off

How can this be done? Such a professional party must be boycotted.

"Everyone!"

"These are a group of high school students who have just come of age!"

“Obviously there are risks with our review!”

"They belong to Baihu and can easily pass the review!"

“And many of our companies don’t have credit reports!

"This is what gives them ample opportunities."

"We have to admit that we were exploited!"

The vice president said helplessly, he also figured it out

These young people who have just graduated have sufficient repayment ability.

And I have never borrowed money before. This is a white household.

Naturally, this Baihu’s payment is very fast.

Of course, the more important reason is that their internal risk control is not strict at all.

Everyone is competing openly or covertly. They are using the money deposited by users, not their own money. In order to expand, they are aimless.

They only intercept people with extremely poor credit, but they give them the green light all the way to these white households who have just come of age.

This is why I can always borrow money.

"I didn't expect it!"

"We lost control over such a person with poor credit!"

"But I didn't expect these young students to be so courageous!"

"I just want to know how much money they borrowed!"

"How brave are they?"

"A group of students dare to take out online loans. They are not ordinary people. They are too courageous!"

"Everyone, it seems that our risk control will be strengthened. Once this matter is exposed, I am afraid more people will follow suit!"

"If this continues, all these students who have no ability to repay will become bad debts!"

For a moment, everyone looked at Zhao Feiyu, wanting to know more news. Similarly, many people also admired Chen Fan and others.

This courage is amazing. A person who has just grown up has borrowed from so many online loans. It is so bold.

"Everyone!"

"Judging from the current situation we have!"

"9% of our association has been loaned out money!"

"Calculate it as if it's 100 million for a family!"

"It's possible these ten people!"

"One billion has been loaned out!"

"This is only for our southern city!"

“There are so many online loan platforms across the country. I really don’t know how much they have borrowed!”

Zhao Feiyu looked solemn, and he was also shocked when he told this number.

This is 10 billion

This group of students actually loaned out 10 billion

That's so audacious.

And this money may be being squandered like crazy

I simply cannot afford to pay it back. This will be a huge bad debt.

Although the average amount in the hands of each company is only one million, it is a cancer for the entire industry.

"President Zhao!"

"We have to take action, these people are so audacious!"

"If we continue, I'm afraid we will have to borrow tens of billions!"

"Yes, we can't continue like this. They are harming the entire industry."

"The online lending platform has trillions of assets, but they really lost tens of billions. The ten of them only took advantage of one percent of the cake!"

“This directly increased the bad debts of the entire industry by [-]%!

"It's not just that, everyone, once more people follow suit, it will be a disaster for the entire industry!"

"Ten people can cause so much harm. Once there are hundreds, thousands of people join in!"

“Our platforms must collapse!”

"That's right, that's right. This is too harmful, and measures must be taken. If this continues, we will all have to go bankrupt!"

"Yes, it seems that the problem is not too serious now, but if there are 100 followers, a thousand followers."

"Our platform is going to be bald!"

For a moment, everyone was in danger.

After all, Chen Fan is still only ten people now

But once this model is really feasible, they can definitely attract more classmates, family and friends to join in.

If they don't stop them, they will really go bankrupt due to a large amount of bad debts.

Although they use depositors' money to lend money, they also have limited liability.

But no one wants to kill the company.

I still really want to continue doing it, especially for some small companies, which may only have assets of [-] million.

This was a million dollars borrowed directly from Chen Fan and others. This money will definitely not be repaid.

It's obviously going to be bad.

They have to chase it back

"President!"

"What do you think!"

"If we don't take action!"

"I'm afraid these people will cause greater harm!"

"Once they get more people in!"

"We are going to make wedding clothes for them!"

"Even if we send them in then, we will still suffer!"

Zhao Feiyu looked at the president Nangong Hao who was sitting in the middle and had been silent.

This person is the president of the industry association

And the quick loan created by the other party is the boss in Nanfang City.

The asset size is as high as 200 billion, which is among the top ten in the country.

This person's right to speak is very important.

At this time, everyone is looking at each other

"Ok!"

"The stability of the industry cannot be destroyed"

"We can't let them ruin the overall situation!"

"Take action!"

Nangong Hao said seriously that as the president, he hopes to maintain the long-term and stable development of the industry.

Now that I have found these few pieces of mouse droppings, I have to pick them out, as they can’t spoil the whole pot of porridge!

If they dare to set up an online loan platform, then who is not a bit violent and who is not a tyrant?

Nangong Hao is also angry now that a few students have brought this about. He must give him some lessons.

When Zhao Feiyu heard this, he also showed a bad smile.