What to do if the college student loan platform collapses? The college student loan platform collapses

Do you still need to repay the loan if the famous school goes bankrupt?

Even if the platform goes bankrupt, the borrower still needs to repay the loan.

Important tips:

1. No matter whether the famous school loan goes bankrupt or not, college students should not take out loans at will. If you really have financial needs, you can seek help from your parents and relatives. For students who are unable to pay tuition, they can apply for national student loans or student loans from their place of origin.

2. Don’t apply for online loans that have basically no threshold just to compare consumption. Some of these loans are very irregular, with not only extremely high interest rates, but may also be accompanied by violent collection.

3. For students who have not repaid the loan after applying for a prestigious school loan, they can contact the official to return the legal and compliant loan principal and interest to avoid causing damage to their credit.

4. Everyone must be extra careful with strangers who claim to be "staff members of prestigious school loans" to avoid being defrauded of property and personal information.

Has iXuedai gone bankrupt?

No. Aixuedai only provides credit limit consumption services for college students, graduate students, and doctoral students. As of November 5, 2022, Aixuedai has not collapsed. Aixuedai is a consumer finance and installment payment service platform for college students, a website of Hangzhou Aicai Network Technology Co., Ltd.

Has Fenqile gone bankrupt?

Fenqile has not closed down and is still operating normally. If a customer cannot withdraw cash from his installment payment, it is probably due to the following reasons:

1. The remaining balance on the installment payment is shopping credit, which can only be used to purchase physical goods, train tickets, air tickets, and movies. Vouchers, etc. cannot be used for borrowing and cash withdrawal.

2. The customer applies to withdraw the entire amount at one time. The withdrawal amount is too high. It is recommended that the customer try to withdraw part of the amount first, and maybe it will succeed.

Operating environment: Huawei nova4 10.01.38

Fanqile is a financial credit product and an installment shopping mall for college students. It focuses on providing installment shopping and cash consumption services to college students. . You can use it to make installment purchases and enjoy the experience of spending first and paying later. Since its audience is college students, it does not require a credit card. You can use it as long as you have a student ID card. The Fenqile merchant version is provided to merchants.

Special merchants of Paypay refer to stores that can pay with Payload. On this platform, students do not need a credit card and can only pay with their student ID card after consumption. Installment payment supports zero down payment and monthly installment payment for up to 18 months. Students’ monthly shopping expenses are greatly reduced. The service fee of Fenqile is different from that of credit card installment payment. Fenqile charges a monthly service fee, and college students can repay it in advance or even waive the service fee, thereby further reducing the consumption pressure of teenagers.

1. In order to solve the financial channels for young people to shop, Fenqile has also established in-depth cooperative relationships with some first-line consumer P2P platforms. P2P is currently the most popular Internet financial innovation model. It pools small amounts of funds and uses them to provide loans to people in financial need. In recent years, it has been favored by many netizens. Fenqile provides financial partners with high-quality digestion channels. Shopping customers have low credit limits, good reputations, and controllable risks. They are generally popular with P2P platforms. Fenqile has a close relationship with JD.com. It’s not surprising that Fenqile received investment from JD.com.

2. Fenqi Le uses the mall model to act as a dealer on JD.com to sell goods to users. At the same time, relying on JD.com’s advantages, we will do a good job in quality control and logistics. Fenqile has now become JD.com’s largest distributor. The results show that the lowest daily interest rate is 0.049%, the lowest daily interest rate is 10,000 yuan, and the daily interest rate is 4.9 yuan. This interest rate is not high, but it does not allow you to enjoy the lowest repayment rate. From the perspective of platform operation and platform qualifications, Fenqile is still in normal operation and has the qualifications for installment loans, which seems to be normal at present.

If the loan platform goes bankrupt, can I not repay the money owed?

Hello, you borrowed money from the loan platform and the loan platform goes bankrupt, so the money you owe also You need to repay it. After all, you signed a loan contract, so you need to repay it on time according to the loan contract.

What are the consequences of not getting enough?

It has always been the most popular type of loan in the loan industry. It is popular among consumers for its low threshold, convenience and flexibility, and fast disbursement. For some people who are in urgent need of a small amount of money to carry out business, it can indeed solve the applicant's urgent needs in the short term, but this does not mean that the applicant can do whatever they want after applying. After the loan expires, they will default on repayment; money is always tight. If you don't pay back your debt; if you don't pay your debt, the applicant will have to bear certain consequences for the above behaviors!

1. Personal credit report will be affected

Not having to pay penalty interest for owing money is only the first step. The applicant’s personal credit report will also be affected later. . We all know that we attach great importance to the construction of the credit system and are vigorously building credit. The credit information system in various regions, departments, and fields is gradually being implemented. Various disciplinary and incentive measures are also continuously improved and improved. Personal credit is in will play an increasingly important role in future life.

If the applicant fails to repay the loan, the credit "stain" will be left on the applicant's personal credit report, and future applications for loans and credit cards will be blocked. In addition, some friends think that it is better to apply for loans from some small loan companies that do not have credit reports, so that others cannot check their credit reports. For friends who have this idea, the editor wants to take it for granted.

Many financial institutions now have access to data from third-party credit reporting companies, and applicants’ loan data, shopping data, credit card repayment data and other information on other platforms can be easily retrieved. , once you are on the exclusive "blacklist" system of a small loan company, as long as one family refuses a loan, every family will refuse a loan, and it will be impossible to get a loan in the future.

2. Frequent collections

There are three ways to collect loans: text messages, phone calls, and door-to-door visits. When you are in arrears in the early stage, the salesperson of the small loan company will kindly remind you through text messages or phone calls: It is time to pay back the money. But in the later stage, if the small loan company reminds you repeatedly and urges you to repay the money, but the applicant is still indifferent, then they may take the form of letting the applicant's relatives and friends know that you borrowed money outside and never repaid it, so that The applicant's reputation has been harmed.

In addition, some small loan companies ask borrowers to fill in at least a few close contacts when filling out loan information, such as the applicant's parents, relatives, friends, colleagues, etc. The applicant is required to authorize the reading of the mobile phone address book and the communication records of the operator's online business hall. When the applicant fails to pay the money, not only may you be "bombarded with phone calls", but even family and friends around the applicant may also receive harassment, which will seriously disrupt the lives of you and your family.

3. Incurring penalty interest and liquidated damages

No matter where the applicant applies, he will sign a corresponding loan contract with the borrowing institution. Since the contract is signed, of course, it must be in accordance with Serve the contract and fulfill your repayment obligations. Once the contract expires and the applicant fails to repay the money he owes, the first thing the applicant will encounter is penalty interest, and some institutions will also charge a certain amount of liquidated damages according to the contract content. If the applicant still does not repay the money, then As time goes by, the applicant's penalty interest will be more and more, and the applicant will be under increasing pressure to repay in the future!

In addition, if the applicant still does not repay the money, the debt collectors may come to your home to collect debts or the company where you work to collect debts. In this way, the applicant's job may not be guaranteed. , the gain outweighs the loss!

In addition, if the applicant has a very bad attitude during debt collection and engages in some rogue behavior such as insulting and beating the debt collector, then you will have ruined the room for negotiation with the small loan company and pushed yourself closer. dead end! Therefore, when the debt is not repaid, the applicant should also correct his attitude and actively negotiate with the small loan company to solve the problem, so that he may be able to obtain a grace period.

4. Received

After a series of collection activities, if the financial institution finds that the collection has been fruitless, they may file a lawsuit and use legal means to recover the loan. During this period, the applicant may receive reminder letters, execution documents, etc. Once the judgment is announced, even if the applicant is 100 unwilling, the repayment ruling must be executed, otherwise the applicant's property will be inquired, or It will be frozen and seized, or seized in accordance with the law, or auctioned. In short, all the applicant's property will be used to repay the debt.

5. If the circumstances are serious, you may be imprisoned

Generally speaking, non-payment of money is a civil matter. However, if the borrower refuses to execute the judgment after the execution judgment is issued, the borrower must resolutely If you refuse to admit it until death and act like a deadbeat, that's a different matter. You will be prosecuted criminally, and if the circumstances are serious, you may be imprisoned. If things evolve to this point, it will be tragic.

However, generally speaking, only malicious debts may be subject to criminal liability. Generally, non-malicious debts will not involve imprisonment. However, for borrowers, not only is it not good for them to owe money, but it will also affect their family and friends. It is really not worth it. As a borrower, you should still base your financial income and repayment ability on Go borrow money.

That’s it for the introduction to the collapse of the college student loan platform.