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Nekosama Posted 9 years ago
Essay & Composition Writing
Proofreading? (13-Dec-2016.)
Hi, teachers, please help me correct my article if there are any mistakes. Thanks!
With the rapidly increasing number of college students borrowing money through online lending platform in order to travel, start businesses or to meet their crazy shopping demands, more and more online financial services which selling points are “no guarantee, no collateral, loan granted on the day of application”, are spring up nationwide in the recent years. It is estimated that there are about 100 providers of student loans in China. Some promise to issue loans in five seconds with a simple procedure, and some even offer loans with interest rate discounts which make it very easy for the students to get the loans.
Campus loan also brings about tragedies-the death of a university student put the campus loan issue in the spotlight. In March this year, the student committed suicide in his dormitory due to the depression of campus loan.
In November, a new type of campus loan touches raw nerve of the public again after reports revealed that some Web-based loan sharks are demanding college students to provide naked photographs of themselves as collateral to borrow money. If the borrowers fail to repay the loan in time or default on their loans, they will be threatened to publish the photos online and their family members will also be harassed.
Generally speaking, in order to solve this thorny issue completely, we need to take some useful strategies immediately.
Firstly, the government should step up efforts in supervising the fast growing online financial services and impose tougher penalties on those who violate legal lending practices.
In addition, parents should be more careful about their children. It would be advisable to offer some suggestions or psychological counseling to them when they are facing with financial problems.
Last but not least, social media should also take responsibility to fight against the illegal loan activities by stopping putting illegitimate loan promotion advertisement on the screen.
With the rapidly increasing number of college students borrowing money through online lending platform in order to travel, start businesses or to meet their crazy shopping demands, more and more online financial services which selling points are “no guarantee, no collateral, loan granted on the day of application”, are spring up nationwide in the recent years. It is estimated that there are about 100 providers of student loans in China. Some promise to issue loans in five seconds with a simple procedure, and some even offer loans with interest rate discounts which make it very easy for the students to get the loans.
Campus loan also brings about tragedies-the death of a university student put the campus loan issue in the spotlight. In March this year, the student committed suicide in his dormitory due to the depression of campus loan.
In November, a new type of campus loan touches raw nerve of the public again after reports revealed that some Web-based loan sharks are demanding college students to provide naked photographs of themselves as collateral to borrow money. If the borrowers fail to repay the loan in time or default on their loans, they will be threatened to publish the photos online and their family members will also be harassed.
Generally speaking, in order to solve this thorny issue completely, we need to take some useful strategies immediately.
Firstly, the government should step up efforts in supervising the fast growing online financial services and impose tougher penalties on those who violate legal lending practices.
In addition, parents should be more careful about their children. It would be advisable to offer some suggestions or psychological counseling to them when they are facing with financial problems.
Last but not least, social media should also take responsibility to fight against the illegal loan activities by stopping putting illegitimate loan promotion advertisement on the screen.
Top answer
With the rapidly increasing number of college students borrowing money through online lending platform in order to travel, start businesses or to meet satisfy their crazy insatiable appetite for shoppin g, demands, more and more online loan providers financial services which selling points are claiming “no guarantee, no collateral, loa ns granted on the day of application”, are spring have sprung up nationwide in the recent years. It is estimated that there are about 100 online providers of student loans in China. Some promise to issue approve loans in five seconds with a simple procedure, and some even offer loans with intere st-r ate discounts which mak es it very easy for the students to get the loans.
- With the rapidly increasing number of college students borrowing money through online lending platform in order to travel, start businesses or to meet satisfy their crazy insatiable appetite for shoppin g, demands, more and more online loan providers financial services which selling points are claiming “no guarantee, no collateral, loa ns granted on the day of application”, are spring have sprung up nationwide in the recent years.
- It is estimated that there are about 100 online providers of student loans in China.
- Some promise to issue approve loans in five seconds with a simple procedure, and some even offer loans with intere st-r ate discounts which mak es it very easy for the students to get the loans.
- Campus However, such readily available student loa ns can also bri ng about tragedies- the death of a university student put the campus student-l oan issue in the spotlight.
- In March this year, the student committed suicide in his dormitory due to the depression of campus because of a loan.
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With the rapidly increasing number of college students borrowing money through online lending platform in order to travel, start businesses or to meet satisfy their crazy insatiable appetite for shopping, demands, more and more online loan providers financial services which selling points are claiming
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