Campus loans, how harmful is it, and the harm of campus loans

On September 6, 2017, the Ministry of Education issued a clear statement that "campus loan business will be banned, and no online lending institution will be allowed to issue loans to college students." ”

College students should fully understand the hidden dangers and risks of online non-performing loans, and enhance their awareness of financial risk prevention; It is necessary to establish a rational and scientific outlook on consumption, and do not take out loans and shopping on online borrowing platforms and installment shopping platforms, because the general interest and liquidated damages are very high, and develop the excellent quality of hard work, simplicity, diligence and thrift; It is necessary to actively learn financial and cyber security knowledge and stay away from bad online lending behaviors.

1. Campus loans are usury-based; There are many "digging pits" in campus loans. Some platforms conceal or obscure the actual fees, late fees, and liquidated damages, and college students take out loans to shop, but in the end, they have to repay interest or late fees equivalent to several times or even dozens of times the loan principal.

2. Campus loans will breed the bad habits of borrowing students; The economy of college students mainly depends on the living expenses provided by their parents, and if students have a comparison mentality and usually have bad habits, then the expenses provided by parents will definitely not be enough to meet their needs. Therefore, these students may turn to campus loan sharks to obtain funds, and lead to bad habits such as gambling and alcoholism, and in serious cases, they may skip classes and drop out of school due to inability to repay their loans.

3. If the loan cannot be repaid in time, the lender will use various means to collect debts from the students; Some platforms use illegal means to collect arrears, such as defamation, harassment and intimidation, coercion to repay debts, etc., causing great psychological pressure on borrowing students.

4. Some criminals use "usury" to commit other crimes. Lenders may use campus "loan sharks" to defraud students of collateral and security deposits, or use students' personal information to defraud, fraudulently obtain credit cards, etc.

The so-called "campus loan", also known as campus online loan, refers to the loan business carried out by some online loan platforms for college students. "Campus loans" are more like a new variant of traditional fraud, except that there are more routines, deeper traps, more barbaric debt forcing methods, and greater harm.

Cases from all over the world show that "campus loans" have caused countless students to suffer multiple losses and even ruin their families, which has brought instability to society.

Extended information: 1. "Campus loan" itself is a loan platform for students to help students and start their own businesses. In recent years, since the China Banking Regulatory Commission (CBRC) suspended the credit card business for college students, campus loans have sprung up and developed rapidly.

2. Generally speaking, campus online loan channels can be divided into three categories:

1) First, the local P2P loan platform, which is used for college students to help students and start businesses, such as "famous school loans" and "I come to loan" to provide loan services;

2) The second is an installment shopping platform specifically for college students, such as "Fun Installment", "Any Installment", "Pineapple Bag", etc., and some of them also provide a lower amount of cash withdrawal;

3) The third is the credit business provided by traditional e-commerce platforms such as Jingdong and **, such as "Jingdong Baitiao" and "Ant Huabei".

At present, the main harms caused by campus loans are as follows:

1. The interest is much higher than the principal. At present, the annualized borrowing interest rate of most products on online lending platforms is more than 15%, and the so-called "low interest" is not credible. The monthly interest rate is a marketing trick, and students are easily "deceived".

2. Affect the classmates and families around you. Some loans are very convenient, only one ID card is required, and some students use ID cards to apply for loans for others due to personal relationships and other reasons. This kind of behavior is very risky, because once the other party is unable to repay, the remaining debt is borne by the "recipient" alone.

3. Once overdue, the dunning is "all-round". In some cases, once the student loan is not repaid, the online loan platform will not collect the money through legitimate channels, but will use threats and intimidation methods such as sending text messages to parents, relatives and friends, and teachers, posting big-character posters on campus, and even arranging personnel to come to the door to intercept them.

4. It is easy to breed the vice of borrowing, some students love to compare, and they have bad habits, and the fees provided by their parents cannot meet their needs. These students may turn to campus loan sharks for funds, trigger gambling and alcohol abuses, or even skip classes or drop out of school because they are unable to repay their loans.

5. It is easy to induce other crimes, and lenders may use campus "usury" to defraud students of collateral and security deposits, or use student information to engage in fraud and fraudulently obtain credit cards.

Campus loan is a loan shark for students in the school, campus loan is very harmful, will make students have no moderation to spend, after all, the student's control is relatively weak, and the interest rate is very high, and the student can not repay, which will affect the student's study and family.

There are a lot of "copy digging pits" in campus loans

Elephant. Some platforms conceal or obscure the actual DU fees, late fees, and liquidated damages, and college students take out loans to shop DAO, but in the end, they have to repay interest or late fees equivalent to several times or even dozens of times the loan principal. Some platforms use illegal means to collect arrears, such as defamation, harassment and intimidation, coercion to repay debts, etc., causing great psychological pressure on borrowing students.

Campus loans are generally usury, what are the dangers of campus loans?

The Dangers of Campus Loans:

1. Campus loans are usurious in nature;

Second, campus loans can breed the bad habits of borrowing students;

3. If the loan cannot be repaid in time, the lender will use various means to collect the debt from the student;

Fourth, there are lawbreakers who use "usury" to commit other crimes.

1. Usury, inducing loans, and increasing credit lines can easily lead students to fall into the trap of serial loans;

2. Some campus lending platforms take advantage of the lack of financial knowledge of a small number of students, take advantage of loopholes in financial supervision, and induce students to overspend;

3. There is a risk of information theft on campus bad online loan platforms, and those whose identities are fraudulently used may face problems such as credit records being smeared and debt collection;

4. The development model of the campus online loan platform, such as subcontracting commissions at all levels, undermines the normal campus order, and the phenomenon of violent debt collection threatens the personal safety of students.

The consequences of overdue loans are as follows:

1. If the loan is overdue, the borrower will form a bad credit record, which will affect the borrower's future financial lending affairs and credit application.

2. The borrower has to pay overdue penalty interest and liquidated damages, and the longer the overdue time, the more the borrower will pay.

3. If the overdue period is long and the amount is large, the lending institution may file a lawsuit with the court. After the court judgment, if the borrower still does not repay the loan, the borrower will be included in the "list of judgment defaulters" and will not be able to take high-speed rail, planes, etc. in the future.

The process of going through court litigation is as follows:

1. Filing a lawsuit by a party: submit a statement of indictment and submit a copy of the corresponding number according to the number of opposing parties;

2. Materials to be submitted to the court: materials on the plaintiff's subject qualifications and evidence to prove the plaintiff's claims;

3. The parties shall submit documentary evidence to the court: they shall fill in a list of evidence in duplicate, listing in detail the name and number of pages of the evidence submitted;

4. Case filing: After the parties have completed the necessary formalities and submitted the relevant evidence materials, the case filing tribunal shall handle the case filing formalities within seven days if the conditions for case filing are met; where the requirements for filing a case are not met, a ruling is made in accordance with law not to accept it; Nacha.

5. Payment of fees: The parties shall pay the case acceptance fee and other litigation fees in advance within seven days from the date of receipt of the notice of acceptance.

Legal basisArticle 119 of the Civil Procedure Law of the People's Republic of China.

The following conditions must be met for a prosecution:

1) The plaintiff is a citizen, legal person, or other organization that has a direct interest in the case;

2) There is a clear defendant;

3) There are specific litigation claims, facts, and reasons;

4) It is within the scope of civil litigation accepted by the people's court and the jurisdiction of the people's court receiving the lawsuit.