The current credit reporting system has created countless dishonest debtors. According to official data, the number of dishonest debtors has exceeded 8 million. These are only the people who have been prosecuted and have reached the execution stage. However, the number of people who have not been prosecuted or even those who are overdue is probably a shocking number.
Such a large scale is directly related to banks. We all know that the interest rate of online loans is high. Even within the scope supported by the law, it is 24% or four times the LPR. But why can they still run rampant on the Internet? The main culprits are financial institutions such as banks and trusts. They are the masterminds behind the scenes!
They control the credit information and have the help of the court. The economic dispute itself was turned into a crime of refusing to execute a judgment. What is funny is that when the credit information system was introduced from Western capitalist society, the supporting personal bankruptcy system was not introduced, so the borrower was destined to become the pig on the chopping board. Moreover, banks can go bankrupt, companies can go bankrupt, but individuals cannot. What is this? The real thing is that once you borrow money, you enter a vicious cycle. You can never pay it back. The interest, penalty interest, and late payment fees are a huge trap that will trap you!
Moreover, many people find various excuses to obstruct legislation. They believe that if a personal bankruptcy system is established, many people may maliciously borrow money and waste it beforehand, and then escape debts through bankruptcy. Then we can't help but wonder, why can't we not lend money when we need to? The credit reporting system has been used so well. Considering the malicious intentions of the borrowers, then don't you have any suspicion of malicious lending, malicious loan withdrawal and loan reduction?
Why is the personal bankruptcy system acceptable in other countries, especially Western capitalist countries, but not in our country? So is there no problem with the credit reporting system? Up to now, how many people still have good credit? After three years of the pandemic, the only thing that has not been affected is lending. How many people can maintain their credit during this period? They are just spending today's money for yesterday's survival. There are still many people who are forced to do so. For the whole society, what a time bomb this is!
At present, in developed countries such as the United Kingdom, Australia, Germany, France, Japan, etc., personal bankruptcy law is an important content. From a practical point of view, the number of personal bankruptcy cases has grown rapidly, and personal bankruptcy accounts for the vast majority of the total number of bankruptcy cases. However, the bankruptcy of our enterprises is a big problem. But now, many people say that the whole nation is in debt. This may be an exaggeration, but the number of people must be very large, and in the current environment, it is too difficult to make money. There are many people who are really powerless!
So is lending a business? I think it is, because you also charge a lot of interest, penalty interest, and late payment fees when lending. Not charging interest is called a favor. But since it is a commercial behavior and you claim to be market-oriented, why can you only be allowed to make money legally without taking any risks? When using funds, you also did a lot of unethical things. Overdue credit has a lot to do with loan withdrawal and reduction. It is even a major factor in the black credit of many people. Not to mention individuals, even municipal investment companies may not be able to afford it. When you transfer risks, you will inevitably face such a result!
Legislation is a systematic project, but the social demand for personal bankruptcy has never been so urgent. In the current global financial and economic environment, just like real estate, if you don't rescue it in time, the impact will be huge. Now that China's market economy has entered a critical stage, it is extremely important and necessary to speed up the formulation of personal bankruptcy. Otherwise, it will eventually become a vicious cycle!