1. Fraud: The borrower defrauds the loan through false identity or information, and then disappears or fails to perform the repayment obligation, and there will be situations where the online loan does not need to be repaid.
2. Illegal operation: On some illegal online lending platforms, operators may obtain personal information of borrowers through illegal means, but they do not really provide loan services or compliant contracts. In this case, the borrower does not need to pay any money.
3. The online lending platform closes down or runs away: Some bad online lending platforms may have problems such as broken capital chains and poor management, which makes it impossible to continue to operate or abscond. In this case, the borrower may not be able to recover the loan or need not repay the loan.
It should be noted that not using online loans does not mean legal immunity. According to the relevant laws and regulations of China, the borrower shall fulfill the repayment obligation and maintain a good credit record. At the same time, borrowers should also carefully choose legal, standardized and reputable online lending platforms for lending activities to avoid losses.
Extended data:
China regulatory authorities have issued a series of policies and regulations to regulate the online loan industry. These regulations include requiring the registration of online lending platforms, setting the entry threshold for borrowers, and limiting high interest rates and excessive borrowing. At the same time, consumers should also enhance their risk awareness and avoid blindly participating in high-risk online lending activities.