Campus loans can develop step by step to this point today, which obviously exceeds many people's expectations. Because students at school may not consider their actual spending power at all, the campus can be used by students from all directions, and their roommates may have particularly good family conditions, so they applied for a campus loan to satisfy their vanity. Many students may not understand the way of campus loan information fraud at all. 1. What are the ways of campus loan information fraud? One is to push loan advertisements to college students through the internet platform to avoid mortgage and low interest as bait to induce student loans, and ask them to pay loan fees, management fees, security deposits and other fees. It will be blacked out after receiving the money. One is to collude with "vocational training institutions", hold vocational guidance lectures, exaggerate the training effect, sign training contracts with students who claim to improve their comprehensive skills, and collude with loan companies to induce students to borrow money to pay tuition fees, thus defrauding students. There is also a more extreme, requiring students to provide photos, videos, ID cards and family phone numbers as collateral and guarantee for loans. Once students fail to repay their loans on time, they will use it as a threat to extort money. Second, the five pits of campus online loan are 1, which is actually a continuation of campus credit card. In fact, the current campus microfinance is just a continuation of the campus credit card that was stopped many years ago. At that time, major banks issued credit cards indiscriminately to see middle school students, and were finally stopped. Campus loan seems to be convenient and fast, unsecured, and the pressure of installment repayment is small. Some online lending platforms even advertise that campus loans do not charge interest, which seems to give college students great benefits. College students lack credit capital and reliable sources of income, and belong to the high-risk group of lending. However, college students seem to be independent individuals, but they are closely connected with school and family. "You can escape from a monk, but you can't escape from a temple." Unless you really don't want to graduate, people are easy to find. Once the loan company threatens them not to graduate, or makes trouble through the school channels, these students have to submit. When students are unable to repay themselves, the family becomes the actual bottom. Although these loans are for students, in fact, parents of students have become actual borrowers without knowing it. 2. "Rolling interest" on low-interest loans is illegal. Online lending platforms often attract students with lower installment interest rates, but in fact many of these small loans far exceed the current installment interest rates of bank credit cards. Moreover, once the arrears are overdue, the penalty rate to be paid is also quite high, and it is calculated on a daily basis. These liquidated damages and interest are more than the loan principal, and some online lending platforms are not even allowed to repay in advance, forming a de facto usury. Article 26 of the Provisions of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases stipulates that the maximum interest rate of private lending supported by law is 24% per annum. The loan interest rate of some online lending platforms far exceeds this interest rate, which is obviously not protected by law. In addition, the abnormally high liquidated damages for overdue repayment are also an important means of profit for online lending platforms. The contract law stipulates that the purpose of liquidated damages is to compensate the breaching party's losses first, and then punish the breaching party. In campus lending, the loss caused by overdue repayment to the defaulting party is limited, and it is against the principle of fairness of law to charge high liquidated damages when high interest has been charged. Not only that, some online lending platforms will also charge a certain percentage of deposits and service fees. When signing the loan application, these expenses are deducted from the loan even when borrowing, which leads to the fact that the actual loan does not match the amount written on the loan. However, online lending platforms often require college students to issue IOUs and calculate interest according to the amount that is inconsistent with the actual situation. In the case of overdue repayment, interest will also be written into the loan to realize interest. Article 200 of China's Contract Law stipulates that the loan interest shall not be deducted from the principal in advance. If the interest is deducted from the principal in advance, the loan will be repaid according to the actual loan amount and the interest will be calculated. The Provisions of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases clearly stipulates that the total amount of loans paid after interest bearing shall not exceed the initial loan principal plus interest with an annual interest rate of 24%, that is, usury shall not be implemented in disguised form by means of interest bearing. 3. Lack of review leads to the risk of fraudulent loans. Most campus online loan platforms require very simple procedures for student loans. You can get the money quickly just by filling in a copy of your ID card and student ID card, and most of the procedures are even completely online. Some online lending platforms need to upload videos of my loan declaration with certificates. It can be seen that if the identity of the borrower is not verified in campus loans, it will easily lead to the risk of fraudulent loans. At the same time, some students' personal information was fraudulently used and they were unwittingly burdened with huge debts, which was an accident for the victims and their parents. In addition, some criminals also use campus usury to defraud students' property and deposits, or use students' personal information for telephone fraud and credit card fraud. 4. The debt collection company threatened to be suspected of infringement. Compared with banks urging credit card repayment, various online lending companies have resorted to "malicious" means. Students can't pay back on time, so they hire debt collection companies to ask for arrears. Many debt collection companies make trouble in schools, threatening students' parents, and even taking illegal and criminal means such as threatening phone calls, violence, detention and stalking to collect debts, which makes students fidgety. If there is evidence that the debt collection company has telephone harassment, insult, intimidation, violence and other acts, then the debt collection company has constituted a civil tort, and may even constitute a criminal offence, and will be investigated for criminal responsibility. China's "Public Security Administration Punishment Law" also stipulates that those who repeatedly send obscenity, insult, intimidation or other information to interfere with the normal life of others, as well as voyeurism, sneak shots, eavesdropping and spreading the privacy of others, shall be detained for less than five days or fined less than 500 yuan; If the circumstances are serious, they shall be detained for not less than five days but not more than ten days, and may also be fined not more than 500 yuan. 5. Campus loans focus on the needs of advanced consumption and entrepreneurship. Walking into many university campuses, advertising leaflets of large and small online lending platforms can be seen everywhere. These platforms focus on the demand of immature college students for funds. College students meet the strong consumer demand, especially love electronic products and pursue fashion. They may not be able to pay for an Apple mobile phone at once, but it is no big problem to repay it with their living expenses every month. College students also meet the needs of entrepreneurship, and college students' entrepreneurship is a very popular thing. Some companies claim to support college students' entrepreneurship and respond to relevant policies and trends. On campus, many college students can't get loans from banks because of the limited living expenses provided by their parents. These campus loans are a great temptation for college students who have just achieved independent life and have not yet formed a mature consumption concept. At present, the main ways of campus loan information fraud are to lure students into unsecured loans, but in fact, students are required to pay part of the deposit at the same time, but they will be blacked out after paying the deposit, and then they are required to provide photos, ID cards and other information as a guarantee. If students can't pay back, these personal information will be illegally sold and even threatened.