The online lending platform only provides intermediary services for loan matching and cannot be the main body of lending. The direct interested party should be a specific creditor. After all, online lending platforms are different from bank financial institutions. Many online lending platforms are in a gray area, and the legitimacy of their lending business is in doubt. There are some online lending platforms where debtors don't know whose money they borrowed, and creditors don't know who they lent the money to, and the information is seriously opaque. In addition, the comprehensive interest rate of many online lending platforms is much higher than the red line of 24%, so they generally will not sue the court, and they may have hit the gun first.
Usually not. Disputes in peer-to-peer lending belong to "civil disputes". If it does not rise to the criminal category, it does not involve imprisonment. Unless it is a criminal offence extended in the process of debt collection.
Sometimes some platforms will sue you for fraud if you don't collect it, but in fact, the elements that constitute the crime of loan fraud are still very harsh.
According to Article 193 of the Criminal Law of People's Republic of China (PRC), the crime of loan fraud refers to the act of fabricating false reasons such as introducing funds and projects for the purpose of illegal possession, using false economic contracts, using false documents, using false property rights certificates as guarantees, repeatedly guaranteeing beyond the value of collateral, or defrauding banks or other financial institutions of loans or a large amount by other means. The crime of loan fraud belongs to a kind of financial crime.