What is it like to get into the pit of campus loans?

I'm sure I'll regret it. Although I haven't done a campus loan, I have also done some online loans, and I am really scared once. If you can't pay it back on time, not to mention the high interest, you will still be upsetting your family and friends all day long, making you worry.

Campus loans, this pit will make me feel very helpless, and I don't know how to solve it, which will only make me miserable.

At the beginning, you can really make money, treat yourself to dinner, play, and have a lot of face, but in the end you don't even have a friend who borrows money. The pit you dig yourself fills in by yourself.

The loan threshold is low, and the review is not strict. College students can easily get a loan online by filling in their name, ID number, school, major, bank card number and other information, without considering the student's ability to repay, which is extremely irresponsible to students.

Campus loans are also the same as those messy loans on the Internet, they are all profit-oriented, and they are the ones who eat people and do not spit out their skins. Once I was pulled in, I felt like I couldn't get rid of it after four years of college. Therefore, if you don't jump into the pit, try to hold yourself and don't borrow a campus loan.

This kind of improper consumption will only get poorer and poorer in the end. We have to consume rationally, and it is better not to touch this kind of thing.

Campus loans are falsely advertised and costly. He explained that due to the need to seize the market and competition, the campus online lending platform will conceal or blur the actual tariff standard to create the illusion of "low interest" on the surface, and actually set up various high service fees, late fees, liquidated damages and other items, and finally turn into illegal usury with an annual interest rate of more than 36%.

There will be uncivilized collection methods when collecting loans, which will cause great psychological pressure to borrowing students. For example, sending threatening text messages, harassing classmates, etc.

Although the family's economic conditions are not bad, after all, it is because of unreasonable consumption that has caused financial tension, and I am embarrassed to ask my parents again, so I plan to take out a loan first, and then pay it off in monthly installments.

Legal analysis: Campus loans, also known as campus online loans, refer to the loan business carried out by some online loan platforms for college students. According to the survey, the risk control measures of campus consumer loan platforms vary greatly, and there is a risk that students' identities will be fraudulently used on some platforms.

In addition, some platforms that provide cash loans to students have difficulty controlling the flow of borrowing, which may lead to excessive consumption by students who lack self-control.

The Dangers of Campus Loans.

1.Campus loans are usurious in nature.

2.Campus loans breed the vices 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.

4.There are criminals who use "usury" to commit other crimes.

Characteristics of Campus Loans.

Although campus loans have the advantages of convenient application, simple procedures, and rapid disbursement, they also have the characteristics of lax information review, high interest rates, and high liquidated damages. The risk control measures of campus consumer loan platforms vary greatly, and there is a risk that students' identities will be fraudulently used on some platforms. In addition, some platforms that provide cash loans to students have difficulty controlling the flow of borrowing, which may lead to excessive consumption by students who lack self-control.

With the increase in the number of online loan platforms for students, simply reducing loan interest rates and increasing loan amounts will only make more and more student borrowers fall into the installment trap, discredit themselves, and reduce the profitability of the platform, resulting in losses.

Legal basis: Civil Code of the People's Republic of China

Article 667 A loan contract is a contract in which the borrower borrows money from the lender and returns the loan at maturity and pays interest.

Article 680:Usurious lending is prohibited, and the interest rate on loans must not violate the relevant provisions of the State. If there is no agreement on the payment of interest in the loan contract, it shall be deemed to have no interest. If the loan contract is not clear about the payment of interest, and the parties cannot reach a supplementary agreement, the interest shall be determined in accordance with factors such as the local area or the parties' transaction methods, trading habits, and market interest rates; Where natural persons borrow money between themselves, it is deemed that there is no interest.

Generally, loans from formal financial institutions are included in credit reporting. The interest rate of private loans without credit investigation is high and the loan collection methods are violent, so we hope that the majority of customers will choose carefully.

It is recommended to take out loans through formal channels to avoid rolling profits to the point that they cannot be repaid and being deceived.

And there is no commission for bank loans. We hope that customers will carefully screen and beware of fraud.

ABC will have different loan policies for different loan purposes, please consult the local ABC for details.

At present, ABC provides services such as salary loans and online quick loans for small consumer loans.

Netfast Loan refers to a small-amount consumer loan issued by ABC to individual customers of ABC who meet specific conditions, and is self-applied for, quickly received, and self-serviced.