Helping banks to borrow money, which seems to be a high return, is actually a road full of traps. First of all, personal credit will be severely damaged, and the credit record will be permanently damaged, which will limit your credit dealings with banks in the future, and even affect your daily life, such as traveling abroad and taking high-end transportation. Debtors will be regarded as black households, which will become fantasy. In addition, even if there is a promised high return, such as 1 million, it needs to go through a complicated review process, including the authenticity of the data, and these promises are not as stable as Mount Tai, and banks may have other conditions. For example, the so-called waiver agreement may have no legal effect, let alone be misled by the so-called promise of paying off debts, which will only push you to a desperate situation.
The black market operation process of backtracking is also worthy of vigilance. Banks will not directly participate, but operate secretly through financial intermediaries. Intermediaries will look for people with certain conditions, such as a certain age group and no criminal record, and use shell companies to create fake contracts and running water to apply for loans. Although it seems that the defaulter can get the money, in fact, the bank will deduct a part to offset the bad debts, and the defaulter may not really benefit in the end except paying the intermediary fees. Moreover, the so-called exemption agreement is often invalid, and the borrower still needs to bear potential legal responsibilities.
to sum up, the risk of taking back bank debts is far greater than the possible gains. It is suggested to avoid such transactions and maintain honest and trustworthy financial behavior.