Today’s story comes from a friend who has the same problem. He sent me a message early in the morning, anxious to ask for help. However, I have never encountered anything similar, so I just wrote it here, hoping that everyone can help.

My dear

From the 15th to the 22nd of every month, the next day is Xiaomei’s repayment day.

So, every month, every month.

Xiaomei’s salary is fixed at around 6,000 per month, which is only enough to repay three payments, and the rest depends on loans to keep the business going. Life is hard, but you have to pay for the wrong things you did.

Early this morning, I received a text message from Doudou. Because Xiaomei repaid the loan on time, Doudouqian increased Xiaomei’s loan limit to 40,000 yuan!

The average amount of online loans on Xiaomei’s major platforms is around 20,000. They are all tearing down the east wall to make up for the west wall, with no surplus at all. Every month's salary is paid with interest.

As soon as I got excited, I ordered Doudouqian. There was really a quota of 40,000. Xiaomei still couldn't believe it. When she couldn't open an account in the past, a certain platform gave her a lot of credit. She entered a message to inquire, but she couldn't borrow it at all.

So Xiaomei gave it a try and followed the operation step by step to see if the 40,000 yuan could be loaned out.

Xiaomei calculated the interest and found it was 40,000. The annual interest is shown to be 4,200 yuan. I don’t know which one-minded person is wrong, but I think it’s a good deal.

Signature debit card deduction

When the insurance contract appeared on Doudouqian’s page, Xiaomei was stunned. It’s not that I don’t understand insurance contracts. Many platforms like Anyihua are insured to charge more interest. Xiaomei’s online loans, credit cards, and favor debts totaled more than 300,000 yuan. (I can’t imagine if I owe so much.) She also knows that no one will mind the operation of the platform, and money is the lifeblood of the embarrassed.

Xiaomei was stuck because she didn’t need the money at all, but she actually went through the steps and prepared to lend out the 40,000 yuan and bear more than 4,000 yuan in interest! Qian Xiaomei's heart is filled with the repayment figures for each installment. Seeing that there was a platform willing to lend her, she was so grateful that she didn't even realize what she was doing.

Xiaomei reacted and skipped the insurance page directly, thinking that by doing so, she just signed those contracts and the query was invalid. Unexpectedly, after a while, when Xiaomei clicked on the Doudouqian platform, she found that the transaction just crossed had not disappeared, and it showed that it was being processed.

What do you mean by processing? Waiting to pay?

Xiaomei was a little flustered. She didn't want to add to the bill. So I checked online and found that many netizens had a similar situation to her. Obviously, the borrowing page has been closed and there is no need to borrow money. After a period of time, the loan was still issued, and it could not be repaid in advance, and the interest was high.

Xiao Mei thought, shouldn’t I wait until the 40,000 yuan arrives before making a complaint? What should I do if the platform says I borrowed money myself but my complaint doesn’t work? Do I still need a loan? Now every month is already a repayment hell!

On the bus on Friday morning, Xiaomei regretted it.

I asked her why she ordered it when she saw it. Obviously you don't need the money now?

Xiaomei on the other end of the phone thought for a moment and said, maybe I don’t have much savings. When I saw the numbers on the page, I thought they were my own. There is no real money, you can’t hold it in your hands, and you won’t feel the same when you spend it. The monthly interest on online loans is also a number, and the monthly deductions are also a number. I live for those numbers every month.

Xiaomei asked me anxiously what to do. I had never encountered such a situation before. My Doudouqian limit is only 7,500 yuan. When I pay it back on time every month, other platforms also have very low limits, and my turnover is on thin ice.

Xiaomei has repeatedly stated that she does not want to borrow so much. For this part of online loans every month, a turnover of 10,000 is enough. If she borrows too much, she will lose her balance.

I don’t know what to do either. Let me ask you, should I borrow it and use it, or should I file a complaint and apply for a refund? How should it be done? Have any friends encountered similar situations? How did you handle it? Take action.

Related Q&A: How about Doudouqian loan?

Formal, according to a netizen’s sharing, I borrowed 32,000 yuan from Doudouqian, divided into 9 installments, and the monthly repayment amount is 4,109.16 yuan. Then it can be calculated that the total repayment is 4109.16*9=36982.44 yuan, the total repayment interest is 36982-32000=4982 yuan, and the annual interest rate is 4982/32000≈15.6. (Note: The guarantee fee is not included) Assuming that the calculation is based on the annual interest rate of 15.6, then the one-time repayment interest for a loan of 10,000 yuan is 10,000*15.6=1,560 yuan. If the repayment method is based on equal principal and interest, then the total interest is 865 yuan. If the principal is repaid in equal amounts, the total interest will be 845 yuan. Of course, everyone's situation is different, and the page display will be different. Not all users have an annual interest rate of 15.6, and the final approval result shall prevail. According to the official answer, the annual interest rate will not exceed 36. If there are unreasonable situations after approval, you can contact the platform in time to handle it. If you have capital turnover needs, it is recommended that you use Youqianhua. Youqianhua is a credit service brand under Duxiaoman Financial (original name: Baidu Youqianhua, renamed "Youqianhua" in June 2018). It is a big and reliable brand. The interest rates are low and trustworthy. Youqianhua - Manyidai, the maximum loan amount is 200,000, and the daily interest rate is as low as 0.02. I have learned about many small loan companies. Generally speaking, Baidu Youqianhua is the platform with the highest approval rate. The credit limit is the highest. I was given a credit limit of 9.5W for nothing, and my colleague directly extended a credit limit of 18W.

Du Xiaoman-If you have money to spend (member-only channel), click to measure the amount online

Special note: withdraw the full amount as soon as possible after the limit is exceeded, because risk control is dynamic. It's best to put forward all the demand suggestions. The risk control system will mistakenly think that you don't need the funds very much, causing the withdrawal to fail. It is safer to raise at least 60. Early settlement and repayment is supported after the first installment. If you don’t have enough money to spend or no limit, it is recommended to try the following two platforms, which are also relatively formal licensed financial institutions! The review is relatively less strict! 360 IOU can borrow up to 200,000!

Click to measure the amount online

You can borrow up to 50,000 in installment loan!

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