The pain of online loans lies in the following aspects:

1. High interest and fees: Many online loan platforms charge high interest rates and various fees, causing borrowers to bear heavy burdens. financial burden. These fees include interest, fees, overdue penalties, etc., making borrowing more expensive.

2. Hidden risks: There are many risks in the online loan market, including information leakage, false propaganda, fraud, etc. Some bad platforms may have redemption risks, causing investors to be unable to recover principal and interest. In addition, borrowers can easily become trapped in an endless cycle of debt that is difficult to escape.

3. Non-compliant operations: Some online lending platforms have violations and fail to operate in accordance with relevant regulatory requirements. This may involve misuse of capital pools, illegal fund-raising, evasion of supervision and other issues, increasing the risks for investors and borrowers.

4. Excessive collection methods: Some online loan platforms adopt excessive collection methods, including harassing phone calls, malicious threats, etc. This method not only violates personal rights, but also causes psychological pressure and mental distress to borrowers.

To sum up, the pain of online loans mainly stems from high interest rates and fees, hidden risks, non-compliant operations and aggressive collection methods. In order to avoid these problems, borrowers and investors should choose online lending platforms carefully and improve their own risk awareness. In addition, government departments should also strengthen supervision, regulate the online loan market, and protect the rights and interests of borrowers and investors.

Extended information: Online lending refers to the lending behavior through the Internet platform. Borrowers can apply for loans online, and investors can borrow and invest through the platform. In recent years, with the development of Internet finance, the online lending industry has risen rapidly, but it also faces a series of challenges and risks. Due to China's special legal environment and regulatory policies, there is a certain gray area in this industry domestically. Therefore, when participating in online lending activities, you need to be extra cautious and understand the relevant regulations and risks.