You are officially informed that according to Articles 193 and 224th of China's Criminal Law; Article 107 of the Contract Law

According to the relevant measures of online loan management, online lending platforms can only provide matching services for loans, and cannot borrow from outside. However, in the industry, many platforms belong to "collecting funds" and then lending, and borrowers are suspected of fiction, and the legitimacy of lending business is in doubt. Once in court, isn't this without being pressed?

The second is the comprehensive interest rate of online lending platform, including beheading interest, handling fee and service fee. Most of them are much higher than the red line of 24%. According to the provisions of the Supreme Law on the interest rate of private lending, the court will not support it if it exceeds 24%.

Third, it involves litigation in different places, and the cost is very high. For example, if you are from Chongqing, they will sue you and go to the court in Chongqing to take the procedure. Do you think they will do this for the loan principal of 18 thousand yuan?

So, if you are reminded that you will be prosecuted, you can choose to ignore it directly.

Second, borrowing users generally do not constitute "fraud" in the legal sense.

The loan fraud defined by law requires the borrower to provide false personal information, false guarantee documents and certification documents.

Online loans on the market are unsecured mortgages, no use scenarios and pure credit loans. The online lending platform reviews your personal information, and at least three or four factors are needed for authentication when lending.

In other words, you can only give the platform the correct information, but you can't borrow money for fraud.

Unless you get a full set of information from others, including bank cards and passwords, it may constitute a fraud of "defrauding loans", but the subject of litigation will become others rather than online lending platforms.

Therefore, normal borrowing users generally do not constitute the crime of fraud in the legal sense.

In order to scare you and make you pay back the money, some platforms will send so-called "lawyer letters" or court text messages accusing you of fraud, but these are basically false, just ignore them.

If it's a real lawyer's letter, it's usually a large amount. Thousands of dollars, it is generally impossible to hire a lawyer, not worth it, not enough for lawyers.