Exorbitant Fees and Debt Traps: The Dark Side of Online Lending
A recent news story about a man who borrowed 150,000 yuan through online lending platforms, only to find himself paying exorbitant guarantee fees of up to 60,000 yuan, has sparked widespread concern. This incident highlights the problems of high guarantee fees and "lending to lend" in the online lending industry, prompting discussions about the safety and legitimacy of online lending.


