What is a campus loan?
Campus loan, also known as campus online loan, refers to the loan business carried out by some online lending platforms to college students. The survey shows that the management and control measures of campus consumer loan platforms vary greatly, and individual platforms are at risk of being abused as students. In addition, some platforms that provide cash loans to students are difficult to control the loan process, which may lead to excessive consumption of students with insufficient self-control.
The Harm of Campus Loan
First, campus loans are essentially usury.
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Second, campus loans will breed bad habits of borrowing students.
Three, can not repay the loan in time, through various means to borrow from students.
Four. Illegal people use usury to commit other crimes.
What are the characteristics of campus loans?
Campus loan has the advantages of convenient application, simple procedures and quick loan, but the data review is not strict, the interest rate is high and the liquidated damages are high. Students may fall into the trap of continuous loan under the expanding consumption desire and fluky psychology, and need to strengthen supervision.
The control measures of campus consumer loan platforms vary widely, and individual platforms are at risk of being abused as students. In addition, some platforms that provide students with cash loans are difficult to control the loan process, which may lead to excessive consumption of students with insufficient self-control.
With the increase of online loan platforms for students, as long as the loan interest rate is reduced and the loan amount is increased, people will pay attention to it. More and more student borrowers fall into the installment payment trap, which discredits their credit, reduces the profitability of the platform and causes losses.