1. Before college students apply for campus loans, the platform will provide a relevant agreement for college students to read and understand the business situation. However, the agreement is relatively long and contains many technical terms, which causes college students to basically ignore it and apply for campus loans directly. These platforms take advantage of college students' psychology and often set traps in the agreement, which leads to the main responsibility falling on college students when problems occur.
2. Before applying for campus loans, college students need to register the personal information of users on the platform, and the relevant personal information filled in when applying for campus loans, including individuals, friends, family members, etc., may be sold and leaked to others. In addition, when you can't pay the repayment, you or your family and friends are easily intimidated and even life-threatening.
3. Some platforms will provide installment payment, but they don't clearly tell college students how much interest they should pay in each installment after installment payment, and what will be the consequences of overdue payment, which will cause college students to pay back if they can't repay on time.
4. Some platforms didn't inform the third-party guarantors of their responsibilities, which led some college students to become third-party guarantors without knowing it. These college students assumed debts without any reason when the applicants didn't repay.
Therefore, college students should spend rationally and avoid a series of adverse consequences caused by excessive consumption in applying for campus loans.