Urban Cultivation with a Demonic System-Chapter 254 - 214: With a Snap of My Fingers, Loan Aid Is Destroyed

Under the guidance of the former, the elderly man downloaded the Loan Aid APP and linked his ID card and bank card.

Immediately following that, Loan Aid backend was about to start asset verification.

Clearly, the elderly man wouldn't pass on his own, but Loan Aid was quite understanding; he just needed to submit his immediate family's asset information.

Facing this hurdle, the elderly man became nervous:

"Little Gao, I don't want my son to know about my loan. Can you give me the loan first?"

"I can repay you once I receive my pension in a while."

Deacon Gao glanced at the age on the elderly man's ID card.

One hundred and twenty-four years old.

Qi Cultivation Stage Cultivators live longer than ordinary people, and with various medical insurances, living to 150 is normal.

Thus, pensions are typically issued at the age of 125.

Delay for a year?

But who knows what might happen to this old guy?

The risk was a bit high.

Deacon Gao furrowed his brows, finally deciding to play it safe, and sincerely said:

"Sir, your pension hasn't been issued yet, right? This doesn't follow the rules."

Just as the elderly man was about to say something else, his phone suddenly rang, displaying the name "son."

This momentarily made the elderly man nervous as he cautiously answered the call.

"Dad! Have you gone to the bank for a loan again?"

"I've told you that you don't need to worry about Xiaobao's education. Why are you so stubborn?"

"I'm telling you, come back immediately! When you return, I'll confiscate your savings book and ID card to prevent you from being scammed by those micro-loans."

The elderly man stammered a few replies and quickly hung up the phone.

He seemed to heed his son's words, cautiously saying:

"My son doesn't want me to take micro-loans. Xiao Gao, you insist I submit my son's asset information. What if my son finds out?"

While saying that, he acted as if he was about to close the Loan Aid APP and leave.

Witnessing this, Deacon Gao panicked!

No, how could he let this duck in his mouth fly away?

In haste, Deacon Gao couldn't bother to think further and hurriedly grabbed the elderly man's hand, saying:

"Don't worry, sir, I'll apply to our leader to approve it even without asset verification."

The elderly man's hand closing the Loan Aid APP finally paused.

Deacon Gao, fearing the elderly man might change his mind, quickly applied for approval and rapidly disbursed the loan.

The amount of one hundred thousand yuan was thus credited.

Seeing another entry in his record of loan disbursements, Deacon Gao felt immensely satisfied.

After noting down the elderly man's contact information and address, he happily sent him away.

"Wow, what a lucky day to gain such a large business for free."

Deacon Gao gleefully took a screenshot of the loan record, ready to brag in the work group.

But just as he opened the work group, he was astonished to find that his colleagues were already flaunting various loan records.

The amounts ranged from fifty thousand to over a million!

Based on the timestamps of the group members' posts, it seemed they had occurred within less than fifteen minutes of each other!

"What... What's happening here?"

"Could all my colleagues have encountered the same easily swindled old man as I did? But how is that possible!"

Deacon Gao was dumbfounded, subconsciously sending out his screenshot to blend in with the group.

While he sent the screenshot, many new loan record screenshots continued to pop up in the work group. 𝚏𝗿𝗲𝐞𝐰𝚎𝕓𝐧𝚘𝘃𝗲𝐥.𝐜𝚘𝕞

Counting them revealed no less than five hundred screenshots!

What concept does five hundred screenshots convey?

Averaging all the loan records, each screenshot roughly equated to a two hundred thousand loan.

Five hundred screenshots amounted to a whopping one billion in loans!

What's more, considering the majority of group members remained silent, the actual number of loans disbursed during this short time might be twice the reported five hundred, or even more!

Reaching this conclusion, Deacon Gao gasped!

Within less than half an hour, Loan Aid had disbursed two hundred million in loans?

How much rolling capital does Loan Aid even have?

Probably not even two hundred million, I suppose?

With so many loans approved, Loan Aid's higher-ups might have to seek bank loans.

Though Deacon Gao was just a minor steward, he sensed a whiff of conspiracy from these bizarre loan quantities and screenshots.

It's just that this conspiracy came too swiftly.

Encompassing almost simultaneously all levels of Loan Aid's personnel, from disciples to stewards, from stewards to hall masters, at various locations in Taihua City, all encountered the same deceptive loans!

No one was prepared, and everyone wanted to seize this lending opportunity!

It was precisely this human flaw that led them to forgo asset verification and hastily approve loans.

Just like Deacon Gao.

He now realized the mistake, but the loan had already been disbursed and couldn't be recalled.

Yet after a brief shock, Deacon Gao surprisingly wasn't too flustered.

The reason was simple: he was just a hired worker.

If he alone had made the mistake, he would panic.

But now everyone at Loan Aid made the same mistake, indicating only one thing—Loan Aid was doomed!

Sure enough, the three Ninth Lender Elders bubbled up in the work group, sternly questioning the excessive number of loans disbursed.

Among them, those hall masters who disbursed over a million took the brunt.

After a round of stern questioning, the three Ninth Lender Elders were horrified to discover that these million-plus loans hadn't undergone asset verification.

The seasoned hall masters did so, so naturally, the stewards and squad leaders were even worse.

Without exception, none verified assets, directly using loan officer permissions to forcibly approve loans.

Upon learning of this, the Ninth Lender Elders were stunned.

Even outsiders know that in high-interest loan operations, the crucial thing is to keep funds moving.

If the cash flow breaks, without waiting for fund recovery, the Micro Loan Sect would implode itself.

The Ninth Lender Elders immediately ordered everyone to find the elderly folks and retrieve the cash.

Thus, Deacon Gao immediately began contacting the elderly man from earlier.

Perhaps premonition prompted him to feel that Loan Aid was doomed, for instead of panic, Deacon Gao felt a thrilling sense of witnessing history.

The lofty Ninth Lender Elders and Hall Master Eighth Lenders would crumble and be demoted to the mundane world in this deliberately orchestrated conspiracy.

Just the thought was somewhat exciting!

Despite secretly gloating, Deacon Gao diligently tried to reclaim the debt.

Loan Aid hadn't collapsed yet, so he had to work.

Unfortunately, even though Deacon Gao was highly committed, he had no leverage over the old man from before.

While the contact number for the old man was correct, once Deacon Gao called, he ended up chatting with the old man willingly.

Whenever he tried asking about the repayment, the old man casually dodged and continued small talk.

It seemed he saw Deacon Gao as someone from DeepSeek to torment.

After chatting for over an hour, Deacon Gao realized why the old man could chat so much.

Because he turned out to be a childless, lonely elderly person!

Almost no one reached out to him all year, so when someone called him, he wouldn't miss the chance to chat, would he?

No wonder this old guy refused asset verification!

This was more than fraud! It was outright deception!

No matter how good Deacon Gao's mindset was, he was somewhat aggravated.

Deacon Gao immediately went to the address left by the old man... only to find it was false.

Just a fake address all along.

He then checked the address on the old man's ID card.

No surprise, a foreigner!

Beyond Loan Aid's business scope.

Deacon Gao immediately reported it, only to find hundreds of identical reports in the work group.

Collating the information, everyone at Loan Aid realized that these hundreds of suddenly appearing elderly folks, though hailing from different cities, shared highly overlapping surnames.

And each group of elderly folks with the same surname all had ID addresses from the same city, clearly from the same family.

Upon reaching this conclusion, the Ninth Lender Elders resolutely decided to visit these families to drag out the elderly folks to demand debts.

A day later, the three Ninth Lender Elders returned having been beaten up.

No other reason, the power of these families was too great; to the Ninth Lender Elders, they were no different from ants, unable to even set foot inside.

For a time, the elders of Loan Aid all considered calling the police!

But even more despairingly, after investigations from various sides, it turned out these elderly folks possessed no assets whatsoever under their names.

They hadn't even contributed to a pension!

Clearly, they were living entirely off family support, making legal recourse for recovering the money impossible!

After struggling for three painful days, ultimately, Loan Aid collapsed into bankruptcy due to a broken financial chain!