Is it illegal to cash out mobile phone loans?

1. Is it illegal to cash out a mobile phone loan?

This is a contract crime, and the filing standard is 5000 yuan, which can be calculated cumulatively. The targets of the attack include applicants and handlers.

2. Is it illegal for my boyfriend to cheat me on my mobile phone loan?

No, ordinary debts are ok.

Article 266 of China's criminal law refers to the following crimes: public or private property, with a relatively large amount, shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance, to fixed-term imprisonment of not less than three years but not more than ten years, and shall also be fined; If the amount is especially serious, he shall be sentenced to fixed-term imprisonment of not less than 10 years or fined.

The objective elements of crime are public and private property. Does it count?

Third, is the mobile phone loan illegal?

Formal loans are not illegal, and borrowing (lending) is illegal.

4. Is personal mobile phone mortgage illegal?

According to the law, mobile phone mortgage belongs to pledge. Where the debtor pays off his creditor's rights, the pledgee shall return the pledged property. That is, after paying back the money, you can get it back from the place where the mobile phone is mortgaged.

Legal basis: Article 436 of the Civil Law of People's Republic of China (PRC) stipulates that if the debtor performs the debt or the pledger pays off the secured creditor's rights in advance, the pledgee shall return the pledged property.

According to the agreement of the parties, if the debtor fails to perform the due debts or realize the pledge, the pledgee may agree with the pledgor to discount or give priority to the payment with the proceeds from auction or sale of the pledged property.

Where the pledged property is discounted or sold, it shall refer to the market price.