How to prevent bad campus loans safely

Choose a safe lending institution and fully understand the lending company before lending.

In order to prevent bad campus loans, you can follow the following steps:

1. Choose lending institutions carefully: avoid borrowing from illegal financial institutions, and suggest choosing formal banks or consumer finance companies to borrow. 1.

2. Know the loan conditions in detail: Before applying for a loan, read the loan contract carefully, understand the loan interest rate, term, handling fee and other conditions, and avoid unreasonable conditions such as usury and short term.

3. Strengthen self-protection

4. Don't trust the invitation by phone or SMS: Bad campus loans often sell loan products to students by phone or SMS. It is recommended not to trust such invitations easily, so as not to encounter swindlers.

5. Pay attention to your financial situation: Pay attention to your financial situation. If you find yourself in financial difficulties, ask your parents or school financial staff for help in time.

6. Try to avoid overdraft

Bad campus loan refers to the behavior of illegal financial institutions to attract students to borrow money in the name of loans, with usury, short term and simple procedures. This kind of loan usually has great fraud and consumption trap, which may lead to students' financial difficulties and credit damage.