How to get scammed by renting a plane for cash

"Rent a plane, rent a plane, take orders from all over the country, everyone take a cell phone, ignore all black, have ID and bank card." Recently this type of advertisement began to appear frequently in forums and exchange groups where older brothers gather.

Recently in the loan agent's circle of friends, frequent screenshots of successful taxi cash.

"Rent a machine to cash out, mainly for users who spend big data and can not pay back the loan."

During the epidemic, it was difficult to make a living, so renting a machine for cash became a means for financial intermediaries to extract "residual value" from their users.

Some rental platforms with looser risk-control audits have become "fat meat" in the eyes of intermediaries.

Gaining 6,500 yuan and repaying more than 11,000 yuan.

With Internet giants such as Alipay, WeChat and JD.COM making efforts in the field of credit life, credit leasing is gradually appearing in people's lives.

Taking Alipay as an example, as long as the Sesame credit score meets certain requirements, you can enjoy rent-free services.

The types of items that can be leased are also quite rich, including cell phones, digital products, garment bags, jewelry and so on.

It has been observed that users with a Sesame Credit score of 600 or above can enjoy free rental services for most of the above items.

With tighter regulation, coupled with the epidemic, struggling online loan brokers have set their sights on rent-free cell phones.

"Renting a machine for cash is mainly for users who spend big data and can't pay back their loans."

Take the iPhone 11 Pro Max, for example. Users get 6,500 yuan after withdrawing cash and end up paying more than 11,000 yuan.

Experience a rent-free iPhone 11 Pro Max designated model at Love Rentals. Choose to rent for 12 months for $546 per month.

It is understood that at the end of the rental period, users can choose between three options: renewal, buyout and return.

In the process of renting a phone for cash, because the leased phone has been used for cash, the intermediary will recommend the user to choose the "buyout" program.

"The first 11 installments are 546 yuan. If the last installment is bought out, it costs more than $5,000." According to Zhou Xiaohui, the total **** will cost more than $11,000.

That means the annualized interest rate, if discounted, is close to 70 percent for the cash-out user.

Cash-out users need to be sent to them for uniform processing after receiving the phone. "If the shipment is successful, then transfer $3,000, and after the shipment, the shipment number will transfer the remaining $3,500."

He often assures customers that in the process of withdrawing cash, there will be no service charge, and users do not need to pay any upfront fees.

"We mainly make money by differentiating our products." Zhou Xiaohui revealed.

While there are many types of rent-free items, loan brokers are basically only in the cell phone cash business at the moment.

Financial intermediaries also specify the model when instructing users to cash out, "iPhone 11 Pro Max, 256G, dark gray."

"To order an Apple phone, preferably the latest model." An old man summarized his experience, saying that the latest Apple phone is the best to sell, and the "loss" is minimal.

After getting the phone, financial intermediaries will sell it through their own channels, thus completing the process of cashing out.

But the financial intermediary said he was not at liberty to disclose the specific channels for realizing the cash.

Some of the older guys who rent airplanes for cash will not cash out through intermediaries, "it's not cost-effective."

They believe that in the process of cashing out, the value of the intermediary is mainly reflected in the cash link, the leasing link or to rely on their own.

In the process of doing business, will first ask the customer's age, sesame credit score, JD.COM white score, but this information is only enough for him to make a preliminary judgment.

"It's still important for the customer to try it first and whether it can be waived."

But in reality, before advising clients, Zhou Xiaohui tests rental platforms for those that are easily exempted.

A buddy passed on the experience, "In Alipay's credit life rent, try one by one, the same merchants directly skip, there is always a deposit-free."

For cell phone cash, old brothers also have experience.

"Idle fish or cell phone stores," the brother suggested, which price is appropriate from which price." Cell phone stores generally have fairer prices than online."

By comparing the official price of Apple's cell phone and

"The intermediaries have their own outlets, and those who are in a hurry may choose the intermediaries." Brothers revealed.

In the name of borrowing an airplane, the reality of installment consumption?

Back in 2017, credit leasing began to emerge as a new model of consumer finance.

From the point of view of user experience, there is no essential difference between credit leasing and ordinary consumer installments. They both pay rent (installments) on a monthly basis.

The biggest difference between the two models may be more in the ownership. The former user has the right to use the property, while the latter is the owner.

Like consumer installments, credit leasing also puts in place the necessary risk controls for users.

Sesame Credit Score, JD.COM Xiaobai Score and WeChat Payment Score are the first threshold for credit leasing risk control.

In the intermediary exchange group, there are often intermediaries who share their experience in realizing rentals, and there are also intermediaries who count the Sesame Credit Score and return phone calls required by each rental platform.

According to statistics, if the sesame credit score is above 600, you can enjoy the credit rental services of most existing rental platforms. Only a few rental platforms, such as Organic Honey, have higher Sesame credit score requirements, requiring a score of 650 or above to enjoy credit rental services.

But this is only part of the sub-control chain. Rental platforms will further control users in the form of big data risk control and manual return visits.

"When reviewing, just ask what machine you bought and leave a contact." The brother who answered the manual callback said.

Another brother added, "What the review asks depends on the specific platform. Some questions are simple, some are very detailed."

Because of this, many older brothers may be able to get a good Sesame Credit score even if they are late on their online loans or even have a credit blemish.

is that this leaves room for intermediaries and older brothers to cash out.

"The shipment was returned the same way it was shipped." Some old brother revealed after, some rental machine platform wind control is not more lenient than consumer installment platform, he has experienced due to the second audit does not pass, has been shipped the machine was returned to the situation.

But there are relatively lax, the Consumer Finance Society through a number of old brothers and intermediaries to understand that at present love to rent a machine is a deposit-free rental machine success rate is higher than that of a platform.

"It won't be on credit." Zhou Xiaohui in the conduct of business, the first recommendation is love rental machine.

Behind some of the credit rental platforms are consumer finance companies providing financial support.

Last September, a user who rented a cell phone on Machine Honey found that he needed to sign a "Zhongyuan Consumer Finance-Machine Honey Credit Loan Agreement".

Photo courtesy of a Machine Honey user

On top of that, Fun Store has also been the subject of consumer complaints as a partner of the rental platform.

Last July, a consumer in the black cat complaint issued a complaint posting that its July 2018, in Alipay Sesame Credit in Zhuo Chen digital merchants to rent a cell phone, divided into twelve installments of payment, after the expiration of the business requires consumers to pay the original price of the buyout, so there is a disagreement.

The consumer reflected that in the later communication process, it is not Zhuo Chen digital out of the communication, but by the Fun Store's to installment customer service contact. The customer service center also responded in the reply section below the complaint.

The overlap between the credit leasing model and the consumer installment model is getting bigger and bigger, and the boundaries are starting to get blurrier and blurrier.

Credit leasing platforms are often caught in the storm of complaints

Credit leasing has just emerged at the beginning of the market, once favored by the market, and one after another to obtain the favor of the capital.

But after a few years of development, most of the players in the market are beginning to exit, and the players left behind are frequently complained by consumers. It is worth mentioning that the content of the complaints against the rental platform is almost the same as that of the complaints against the consumer finance platform.

According to incomplete statistics, the highest percentage of complaints against rental platforms is about "violent collection".

It is worth mentioning that the "collection" method of the rental platform is almost a wholesale copy of the collection in the consumer finance industry.

Another user said he was bombarded with SMS verification codes, "just like online loans, barbaric as hell."

In addition to "violent collection," user complaints about leasing platforms have also focused on "loan sharking in disguise.

A screenshot provided by a complaining user shows that he rented a Vivo cell phone for 3,198 yuan in 12 installments, but the monthly rental fee was as high as 362 yuan.

According to calculations, the user was liable for an annualized interest rate of nearly 36 percent.

On top of that, the high late fees are also too much for most rental users to bear.

Some users who love to rent a machine have reported that they have not repaid the "current amount" of $629, and the default fee for the nine-day overdue amounted to 92.61 yuan.

"Rent, maintenance, and recovery." Some practitioners said that credit leasing mainly rely on these parts to make money.

Experience found that, in addition to the rental fee, some rental platforms will also require users to pay the accidental protection fee, broken screen protection fee and other fees when renting a machine.

These all make the user unconsciously associated with the "chopped head interest", which has become the "evidence" for users to complain about the rental platform disguised as usury.

Credit leasing seems to be following in the footsteps of consumer installments.

In fact, the risk of renting a machine for cash is actually very high for old guys.

"If it is a malicious late, intentional sets of machines, jerking machines and other cases will be everyone rental machine prosecution, prosecution after the court issued a judgment, the implementation of the invalid, will be included in the list of bad faith, it will be on the credit." Renren Rent-a-Machine has said publicly.

Renren Rent-a-Machine also revealed that if the above situation exists, it will also affect the user's Alipay credit rating, and the most direct consequence is that the Sesame Score will plummet, and a lot of credit-related services will be restricted in their use.

For example, chanting and borrowing are closed, and you can no longer enjoy deposit-free rental machine services, and you can't enjoy deposit-free rental **** enjoy cycling and other services.

But none of this seems to be enough of a deterrent for money-starved geezers.

With the business of renting machines for cash getting hotter and hotter, a complete industry chain of fraudulent rentals from renting machines to disposing of cell phones has gradually formed.

"A platform was gripped on thousands of cell phones and lost nearly ten million dollars." One learned from the head of risk control of a credit leasing platform that the bad debt rate of some platforms is as high as 10 percent.

The demand for fraudulent rental cash is growing, I wonder who will be the next one that these fraudulent rental gangs, eyeing?

Advise these old men not to blindly trust others, be cut leeks, already in debt, do not go into the pit, simply push back, the courage to face the plight of the previous debt can not afford to go to the negotiation of staging, tearing down the east wall to make up for the west wall will only make you more and more trapped deeper and deeper, looking for a job, choose a good industry footsteps to put together and make money to pay back the debt, the life of a long time you still have a chance to start from the beginning!