Campus loan refers to

Campus loan is the behavior of students borrowing money from financial institutions or lending platforms. Loans are usually unsecured and unsecured, but some lending companies have high-interest loans. If the loan cannot be repaid in time, the lender may resort to intimidation, beating, threatening students and even their parents to collect debts violently, which will cause serious harm to students' personal safety and campus order.

The characteristics of campus loan are as follows:

1. Posting advertisements in and around the campus, or posting advertisements through WeChat friends circle and QQ group, etc., with simple procedures, students can apply for loans and other false flags only by using student ID cards and ID cards.

2. The loan threshold is low and the amount is small. In the later period, by charging high handling fees, service fees, guarantee fees, penalty interest, liquidated damages and other means, the interest is rolled up and doubled very quickly, which makes the borrower overwhelmed.

3. Use harassment, intimidation, threats and even violence to collect debts.

The hazards of campus loans are as follows:

1. Unreasonably high interest rate

At present, the annualized interest rate of most products on the online lending platform is above 15%, so the so-called "low interest rate" is not credible. The monthly interest rate of .99% is a marketing trick, and students are easily cheated.

2. Bring trouble to classmates and family members around you

Some loans are very convenient, and only one ID card is needed. Some students use their ID cards to handle loans for others due to human relations and other reasons. This kind of behavior is risky, because once the other party is unable to repay, the remaining debt will be borne by the "respondent" alone.

3. Once overdue, "all-round" dunning

In some cases, once the student loan is not paid, the online lending platform will not only collect the money through regular channels, but also use threatening means such as sending text messages to parents, relatives, and teachers, posting posters on campus, and even arranging people to stop at home to urge students to pay for debts.

4. It is easy to breed the bad habit of borrowing

Some students like to keep up with the joneses, and the expenses provided by their parents can't meet their needs. In order to satisfy their crazy desires, they may turn to campus usury to get funds, and lead to gambling, alcoholism and other bad habits, and even skip classes and drop out of school because they can't repay.

5. It is easy to induce other crimes

Lenders may use campus "usury" to defraud students' collateral and deposit, or use students' information to engage in telephone fraud and obtain credit cards.