Not reliable, this method is called leaseback, and "renting goods" is to avoid institutional supervision, while some online lending platforms have changed the "cash goods" business into leasing, and leasing is actually borrowing goods. "Mobile phone subletting" refers to short-term small loans that users "mortgage" their mobile phones to the platform for borrowing. The platform evaluates the price of mobile phones and cooperates with users to agree on the loan term and repayment amount. The interest actually received and recovered by the platform refers to part of the evaluation fee and service fee whose repurchase price is higher than the recovery price. Of course, mobile phones don't need real couriers. The purpose of giving the platform is to avoid people's eyes and ears and bypass supervision. So this kind of loan also has certain risks, so it is not reliable at all. It is not recommended that you borrow money in this way.

The main operating modes of mobile phone "leaseback loan" are:

In the first step, the user (student) "sells" the mobile phone to the platform, but the ownership and use right of the mobile phone have not actually been transferred;

The second step, the platform "evaluates the price of mobile phones. During this period, the platform requires students to fill in loan data such as ID card information, bank card information and emergency contacts;

The third step, platform lending, students will deduct a part of the so-called "service fee" or "evaluation fee" from the actual loan;

The fourth step is to "rent back" the mobile phone. Since the ownership of the mobile phone has not actually been transferred, the platform agrees with the students on the lease term (i.e. loan term) and the repurchase price (i.e. repayment amount) by "renting back" the mobile phone.

During this period, the platform needs to require students to provide mobile phone account information, so as to remotely grasp the information stored in the mobile phone. Then, through this similar model, the platform distributes high-interest "cash goods" to college students in disguise, which may eventually make students fall into the trap of "routine goods and national high-profit goods", and some students have been deceived for this. After the "leaseback loan" platform evaluates the mobile phone, it gives the amount that the applicant can borrow and the service fee that needs to be paid, but the two parties signed a lease contract, not a loan contract. After the loan, the applicant pays a high fee to "rent back" the mobile phone in the name of paying the rental fee. On the one hand, this method circumvents the restriction of the annual interest rate in the loan contract, on the other hand, it requires the applicant to change the D account number and password and read the address book, which controls the applicant's private information.