Li Lingju of CreditEase, the business you handled through CreditEase has been seriously overdue, and you will apply if you pass litigation and arbitration.

Legal analysis: Pay attention to the identification and prevention of illegal and criminal acts such as routine loan, false litigation and professional loan. Borrowers who have disputes through P2P online lending platforms, small loan companies, automobile sales, pawn, financial leasing, insurance companies and other platforms or institutions should strengthen their examination and vigilance against the following facts.

Legal basis: Article 195 of the Criminal Law of People's Republic of China (PRC) is under any of the following circumstances. Whoever commits fraud by letter of credit shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention and fined not less than 20,000 yuan but not more than 200,000 yuan; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan, or his property shall be confiscated: (1) using forged or altered letters of credit or accompanying documents and vouchers; (2) Using an invalid letter of credit; (3) defrauding a letter of credit; (4) fraudulent activities of letters of credit by other means.