High interest rates, profit rolls, terrorist debt collection...
Demystifying campus internet loans
At the end of 2019, the Nanchong Shunqing Court opened a court case to hear a campus loan case. Photo courtesy of Provincial High Court
West China Metropolis Daily-Cover reporter Li Zhi
Confused by the seemingly low threshold and fast cashing out of the “campus loan”, some college students tried to borrow money, who knew that the original loan was tens of thousands of yuan, but the interest was like a snowball, and finally faced a high amount of hundreds of thousands of yuan. Repayment...
After being unable to repay the debt, the faced with the terrorist debt collection, the injured students were unable to parry, and even had the idea of suicide. Campus loans have brought many discordant factors to colleges and universities.
But who would have thought that the person who issued the "profitable campus loan" is not a social youth or a triad, but a college student of the same age...
What is going on with campus loans? To what extent does the profit roll? What kind of violent debt collection do students face? The first issue of the "Law of View", a publicity column for the rule of law launched by cover news in conjunction with the Sichuan Provincial High People's Court, first focuses on the "campus loan" that has received much social attention and is very harmful.
College student entrepreneurship
Treating usury as a way to get rich
Xiao Xia, 24, and Xiao Chen, 26, are all students of a college in Chengdu, while Xiao Liu, 23, is a student of Computer College of Anhui University.
The three people pushed advertisements through an online platform, used "unsecured" loans as bait, and adopted ultra-high interest rates of 20%-30% per week, which exceeded the state's allowable private loan by more than 43 times the annual interest rate.
The three people borrowed money from unspecified people, pre-deducted interest, doubled debit notes, and took false double borrowings through Alipay or bank cards, signed "borrowing" agreements with inflated amounts, and pushed each other to account. Profit.
After the three were arrested, they confessed that they even used the "campus loan" as a way for college students to get rich.
In September 2017, Xiao Wang, a freshman in Nanchong University, who was suffering from a lack of cash flow, was asked to add friends by a person named "Gu Jiawei", and learned that the other party was a person engaged in loan business in Shanghai. Because of his concern about campus loans and the need for loans, Xiao Wang truthfully informed his student identity and repayment ability, and contacted Xiaoxia, who is engaged in campus loans.
College students
Borrowing profits and finally unable to repay
After passing the identity verification, Xiaoxia issued a "loan" to Xiaowang with a high interest rate of 30% per week. When Xiao Wang was unable to repay the loan, he pushed it to other lending platforms and asked him to dig the east wall to fill the west wall and continue to borrow on other online loan platforms to repay the loan.
From September to December 2017, Xiao Wang's total amount of "loans" rapidly increased to several hundred thousand yuan by snowballing.
In December of that year, Xiao Wang was forced to go to a hotel in Chengdu to discuss the repayment of money, and issued a total of more than 630,000 yuan, including Xiaoxia 20,000 yuan, Xiaochen 100,000 yuan, and Xiao Liu 140,000 yuan.
A police investigation revealed that, in addition to issuing "high interest" loans to Xiao Wang, in the same way, Xiao Chen issued a loan of 15,000 yuan to another college student in Chengdu, took a fake loan of 44,000 yuan and hit 44,000 yuan. Stipulations, orally agreed to return 22,000 yuan on schedule after one month, and overdue by 44,000 yuan.
Later, the borrower requested early repayment, but Xiao Chen did not recognize the previous verbal agreement and asked the other party to repay 44,000 yuan in accordance with the debit note and transfer record. In the end, the borrower was forced to pay a repayment of 23,400 yuan.
Go to campus for trial
Let the "Campus Loan" routines go unnoticed
On July 13th, the West China Metropolis Daily and Cover News reporter learned from the People's Court of Shunqing District, Nanchong City that the "Campus Loan" case was publicly heard in accordance with the law at West China Normal University.
The court held that the defendants Xiaoxia, Xiaochen, and Xiaoliu used the purpose of illegal possession, borrowed the name of private borrowing, used false debts, signed false borrowing agreements, created funds to flow accounts, and pushed back accounts for mutual settlement. Ways to defraud other people’s property, the actions of the three defendants have violated the criminal law and constituted a crime of fraud.
According to the relevant provisions of the Criminal Law, the court sentenced the defendant Xiao Liu to two years’ imprisonment with a fine of 10,000 yuan; the defendants Xiao Xia and Xiao Chen were sentenced to one year and 10 months with a fine of 8,000 yuan.
In the process of handling the case, the presiding judge found that some college students did not understand the "campus loan" and did not realize the serious harm of the "campus loan". It is not uncommon for school students to join the illegal loan industry and fall into the "campus loan" trap, which can easily lead to serious criminal cases.
After the trial, the presiding judge communicated with the classmates attending the hearing, and gave an on-site explanation of the form and harm of the campus loan to help you identify the "campus loan" and stay away from temptation. The court also reminded colleges to prevent campus loans in the form of judicial advice.
Say no to illegal "campus loans"
Do a combination of "strike, protect and educate"
It is understood that, in response to many "campus loans" cunningly using "late fees", "service fees", and "intermediary fees" to set traps, since 2018, Nanchong courts have conducted joint investigations with public security, prosecution, and supervision 12 times. , 15 targeted meetings were held with relevant government departments such as finance, education, industry and commerce.
Subsequently, the court appointed a liaison commissioner to communicate with each department at least three times a month to solve the problems in coordination and cooperation, and promote the establishment of a three-dimensional, informational, and social "campus loan" risk early warning monitoring system.
Since 2018, the court has established a two-way communication mechanism with more than 2,000 college counselors, class teachers, and parents of students to pay close attention to students' unusual consumption behaviors; 13 judges were appointed to contact 13 colleges and universities in the jurisdiction to collect students’ The core issue most concerned about the loan is to carry out "campus loan" and "routine loan" legal knowledge into the campus 53 times, and set up a report box in colleges and universities to encourage students to actively report clues about "routine loan" and "campus loan".
On January 2, 2020, the Supreme People’s Court issued the “Opinions of the Supreme People’s Court on Further Enhancing the Implementation Concept of Goodwill and Civilization in Enforcement”, which clearly stipulates that full-time students in the school become enforceable due to the “campus loan” dispute, generally not Included in the list of dishonesty or restricted consumption, to further combat "campus loans."