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The consequences of using online loans for gambling

Legal analysis: The following consequences will occur: 1. Overdue penalty interest, 2. Overdue records will be recorded in the credit report, 3. Various collections will be made, 4. Possible prosecution, 5. Difficulty in applying for loans in the future. .

Legal basis: "Criminal Law of the People's Republic of China" Article 303 Whoever gathers people to gamble or engages in gambling for the purpose of profit shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or surveillance. , and impose a fine. Anyone who opens a casino shall be sentenced to fixed-term imprisonment of not more than five years, criminal detention or surveillance, and shall also be fined; if the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than 10 years, and shall also be fined. Organizing citizens of the People's Republic of China to participate in overseas (overseas) gambling, involving huge amounts or other serious circumstances, shall be punished in accordance with the provisions of the preceding paragraph. Anyone who opens a casino shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or surveillance, and shall also be fined; if the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than three years and not more than ten years, and shall also be fined.

"Public Security Administration Punishment Law of the People's Republic of China"

Article 70: Those who provide conditions for gambling for the purpose of profit, or who participate in gambling with large gambling capital, He shall be detained for not more than five days or fined not more than 500 yuan; if the circumstances are serious, he shall be detained for not less than 10 days but not more than 15 days and fined not less than 500 yuan but not more than 3,000 yuan.

Article 76: If a person commits the acts listed in Articles 67, 68, and 70 of this Law and refuses to change despite repeated admonitions, compulsory education measures may be taken in accordance with state regulations.