Chapter 2226 Opening up channels
When these young people heard that they could earn hundreds of thousands or even hundreds of thousands for one job, they were so happy!
They don't even ask what the consequences are, they only care about when to pay.
Chen Mo pretended to be a passerby and asked a young man: "Aren't you afraid of being cheated?"
Young man: "What's there to be afraid of? Anyway, I have nothing to begin with. Food and accommodation are provided here and money is given to me. I have nothing to lose, right?"
Chen Mo: "What if the bank thinks you are committing fraud and wants to take your money back?"
The young people laughed: "When the bank finds out, I guarantee that all the money will be spent. If he can get the money from me, it only means that I have no ability!"
Chen Mo: "You have to spend all the money once you get it. What will you do next?"
Young man: "In the future? Why do you care about the future? The most important thing is to live in the present! If you are happy today, don't worry about the worries of tomorrow and the day after tomorrow. Do you understand?"
Chen Mo understood immediately.
It turns out that ordinary young people in the hegemonic country not only have high illiteracy rates, but are also used to "living in the present" and "hedonism".
The consumption outlook of Baguo people is very different from that of Daxia people. They are used to spending tomorrow's money to do today's things and rarely save money. Many companies also pay salaries once a week.
Many young people don't even buy medical insurance because they find it too expensive.
This also leads to the fact that if many people do not get sick, once they get sick, even if it is just a minor illness like appendicitis or cholecystitis, they can directly return to poverty overnight, go bankrupt and become homeless.
Being blacklisted in the Overlord's credit investigation is much more serious than in Daxia.
In Daxia, if you don't repay your loan and your credit report is blacklisted, you won't be able to take planes, high-speed rails and other means of transportation, nor can you buy luxury seats or private cars. In addition, their children may not be able to enter key schools for education.
Also, you can no longer take out a loan.
Other than that, no shit, life goes on as usual.
But in a hegemonic country, it would be serious!
As we all know, Hegemony is a country based on credit. Once your credit is blocked, you will not be able to find a job, rent a house, or stay in a hotel, and even the medical insurance you paid before will be cancelled!
If your food, drink, and housing are affected, you can still tolerate it, but if it can even affect your medical treatment, ordinary people will definitely not be able to bear it.
This is why many people in Hegemony would rather continue to pay off student loans with interest rates of more than 6 points in their forties or fifties rather than default on their loans.
Once you breach the contract, it could really cost you your life!
Of course, if Chen Mo wants to accomplish this, he can't do it by himself.
He contacted local cowards in various states of the hegemonic country and shared with these big bosses his plan to train a large number of professional debtors.
And the profit margins and risks were discussed in detail.
Although these local snakes may be rich and powerful, when they heard Chen Mo talking about profits, their eyes all shone!
"Bro, this is really good business!"
"Yes, the risk is so small. Even if you are caught, there is no risk of losing your head. If you are forced to die, you will be detained for a few days. Doesn't this mean there is no risk?"
"Oh! My-god! Is the profit from this business so terrifying? It's more profitable than me selling those gadgets!"
"Do it, you must do it! You would be a fool not to do such a good business!"
"..."
Chen Mo chuckled and nodded.
How many people from the Hegemon country can he manage by opening an agency by himself?
Only by uniting all the forces that can be united can great things be accomplished!
Chen Mo not only found local snakes, but also spent huge sums of money to bribe the middle-level employees of the top banks in the major states of the hegemony.
As soon as these employees heard that it was related to housing loans and the rebates were so large, they immediately agreed.
Regarding this matter, there are already very few people who want to take out mortgage loans. These people are worried that they will not be able to get out the floating rate loans in their hands!
Now, Chen Mo's business happened to be a big help to them!
Anyway, a dog can get a loan now, and with so many subprime mortgage repayments, who cares if the subprime loan in his hand is doubled?
Chen Mo has connected all three parties: banks, intermediaries, and channels.
Now the only thing left to do is to find professional debtors in large quantities in the overlord country, and to package the professional debtors.
If it is in Daxia, it will take at least three months for a debtor in the packaging profession.
The process is roughly as follows: first find the target. The primary target group of "debt debtors" is small city residents aged 25-45, with low education and who have not seen the world. They screened out those who had no problem with their credit and were willing to cooperate, and provided them with living expenses and accommodation guarantees of RMB 20 within three months.
Then, within three months, the "debtor" is given a series of packages, such as transferring a house, setting up a business, or giving away a car, and paying social security and provident funds for a period of time.
Then, once the packaging is complete, you can start traveling between banks and loan companies.
Those engaged in this industry will use transferred houses for renovation loans, obtain commercial loans in the name of the company, and use cars for mortgage loans. At the same time, they will also report credit loans, small loans, bank cards and other available loan channels. On average, each "debtor" can borrow about 150 million.
The intermediary will ask the "debtor" to make a loan, transfer the proceeds, and then disappear without a trace. The debtor can easily get 20 just by signing. However, three months later, the money could not be repaid. These debtors will become dishonest, blacklisted by the bank, and their assets will be seized and frozen. Once there is money in the account, it will first be used for repayment.
Of course, that was in Daxia.
In Baguo, especially in early 2008, when mortgages and various loans were particularly loose, it did not take three months at all.
Chen Mo estimated that half a month to one month would be more than enough.
Moreover, after Chen Mo's research over the past few days, the target he is looking for does not have to be a small city resident between 25 and 45 years old, with a low level of education and who has never seen the world.
Many hedonistic young people and low-level hegemons are also very suitable to be professional debtors.
As for what will happen to these hegemons after they break their trust...
What the hell does it have to do with Chen Mo?
Anyway, if Chen Mo doesn't use these hegemons now, they won't be able to escape when the subprime mortgage crisis comes.
The economy of Hegemony is pretty good now. Even if he becomes bankrupt and becomes a homeless person, he still has plenty of free meals.
Chen Mo just advanced the credibility and credit information of these people in advance to add fuel to the subprime mortgage crisis.
"Moreover, when I open my shell real estate company in Baguo, I can unite local snakes from all over the country to acquire some worthless real estate and then use professional debtors to swindle Baguo Bank!"
Chen Mo's lips curled up slightly and he lay comfortably on the sofa.
