Make money envy! The person behind the illegal campus loan is actually a college student.

　　Cctv newsIn recent years, many people have heard that some college students borrowed only a few thousand yuan of illegal campus loans at first, and finally the money they had to pay back with interest actually reached tens of thousands or even hundreds of thousands of yuan. Some people even committed suicide because they were unable to repay. So, what kind of routine does illegal campus loans use to trap borrowers? We uncover the amazing inside story through an illegal campus loan case in Shandong.

　　This is a university in jiaozhou city, Shandong Province. On a calm campus, there is a 22-year-old student, Zhang Qiang (a pseudonym), who lives in fear every day. He has been in this state for four years, because he was urged to borrow illegal campus loans, and he was in constant fear.

　　Zhang Qiang (a pseudonym) told reporters that the accumulated principal of more than 70,000 yuan, plus interest, was more and more, and he was chased by debt collection.

　　Shortly after going to college, Zhang Qiang got the first loan of 3,000 yuan through online loans, but he didn’t agree at that time. Zhang Qiang told reporters that his family is rich, and his parents have to give him several thousand yuan of living expenses every month. Therefore, he thinks that a loan of 3,000 yuan and monthly interest on 100 yuan are nothing at all. However, a loan of 3,000 yuan with a monthly interest rate of 100 yuan, equivalent to 40% of the annual interest rate, is already usury. Because Zhang Qiang (pseudonym) can’t get loans from formal channels, and online loans, especially campus loans, have low thresholds and fast loans, which attracted him at once. When Zhang Qiang (pseudonym) borrowed money, he thought it was really as simple as what he said on the Internet. It was not until he borrowed a campus loan that he found that the routines inside came one after another and trapped him step by step. The first routine is beheading. Beheading interest is only the first routine of campus loan. After repayment, other routines follow.

　　The monthly interest rate is 50%, which is equivalent to the annual interest rate of 600%! Campus loan. In addition to the arbitrary increase in repayment interest rates, another routine is that the repayment period is constantly shortened. In the process of repayment, the interest rate rises from 10% to 50% per month, and the repayment period is shortened from January 1 to Monday, which means that the loan interest rate rises from 10% to 50% per week, equivalent to 2600% per year. In other words, according to this interest rate, if the loan is 10,000 yuan, the annual interest will have to be paid back to 260,000 yuan.

　　Falling into the trap of illegal campus loans, girlfriends and classmates are all trapped.

　　Many victims of illegal campus loans have almost the same experience, that is, trying to repay the loan with the loan, which eventually leads to a growing debt hole. And these victims, often instigated by lenders, will also drag their classmates down with them.

　　In September 2017, when Zhang Qiang (pseudonym) borrowed a campus loan again, he hit a wall because he had too much debt and a bad repayment record. So he found his girlfriend Xiao Lei (a pseudonym) and two other male students He Bing (a pseudonym) and Bai Li (a pseudonym) to help. He Bing (a pseudonym) wrote an IOU. He and Bai Li (a pseudonym) actually got only 3,000 yuan each, but the IOU said that they borrowed 10,000 yuan!

　　Three students not only helped Zhang Qiang (a pseudonym) borrow a loan, but also wrote a loan contract with inflated debts. In each loan contract, the borrower took photos with his ID card in one hand and the loan slip in the other, and sent them to the lender Liu Jian (a pseudonym). When Zhang Qiang (pseudonym) failed to pay back the money on time, Xiaolei’s nightmare began, and her photos were scattered all over their university campus by lenders.

　　On October 8, 2017, there were two versions of the leaflets scattered all over the university campus, both of which were extremely insulting and slandering female college student Xiao Lei. There is a large photo of Xiaolei and a copy of ID card and loan note, which reads "It is only natural to pay back debts" and the names and telephone numbers of Xiaolei’s parents. It also reads "This woman borrowed our money to eat, drink and gamble with her boyfriend" and "immoral" and other unsightly slander and personal attacks. The other two male students who lent money to Zhang Qiang (a pseudonym) were not spared. Two male students were beaten and not easily let go, but were taken to a place outside Jiaozhou.

　　The man behind the envy of making money is actually a college student.

　　After reporting the case, the police locked the black hand behind this illegal campus loan platform through investigation. What is even more shocking is that this suspect is not only a college student himself, but also a victim of black loans on campus. After Liu Jian (a pseudonym) was arrested, the case-handling personnel followed the trail and found this mysterious platform to distribute campus loans to college students through the Internet at Liu Jian’s residence. The two members caught on the spot are sorting out the borrower’s information at this time. There are hundreds of borrowers’ code information registered in this book checked on the spot, with 40 people per page. Surprisingly, Liu Jian (a pseudonym) was also a college student when he was arrested. Liu Jian (a pseudonym) admitted to the reporter that it is quick to make money in this line. At first, in order to find out the routine loan, he joined a routine loan group. The lenders in the group exchanged experiences and made a lot of money, which made Liu Jian (pseudonym) very envious. Liu Jian (pseudonym) has a more deadly killer. More than 200 photos and videos of naked loans were found in Liu Jian (pseudonym)’ s mobile phone.

　　On July 25, 2018, the jiaozhou city court made a judgment on the case of Liu Jian (a pseudonym) and other three people illegally detaining borrowers. In July this year, the Supreme People’s Court, together with the Supreme People’s Procuratorate, the Ministry of Public Security and the Ministry of Justice, jointly formulated and issued the Opinions on Several Issues Concerning Handling Criminal Cases of Illegal Lending, which came into effect on October 21st this year.

　　Editor: Why are students deceived repeatedly?

　　The investigators told reporters that many students who borrowed illegal campus loans were not poor students who could not afford tuition and living expenses, but more students with good families. The purpose of borrowing is mostly to buy high-consumption items such as mobile phones, travel and plastic surgery. Blind comparison and vanity are obviously more vulnerable to illegal campus loans. In recent years, the relevant government departments have been cracking down on the crime of illegal campus loans, but we need the joint efforts of family and school education and society in addition to legal weapons to completely wipe out illegal campus loans.