1. Heavy repayment burden
Judging from past cases, students who have taken out campus loans often bear a heavy repayment burden, and the loan interest is often much higher than the loan principal. In Wuhan, a classmate borrowed 8000 yuan and actually got 2000 yuan. When it was paid off after more than two months, the actual repayment was 9,900 yuan, and it still owed more than 50,000 yuan to other platforms. The high interest rate of campus loans has put students with almost no daily income in trouble.
2 Personal safety is impaired
Nowadays, many platforms that induce students to apply for campus loans are institutions in black areas. If the loan students fail to repay the loan principal, loan interest, handling fees, overdue fees, evaluation fees, agency fees and other arrears as required, then these campus loan platforms will arrange some personnel to carry out violent collection.
The heavy psychological burden such as interest expenses not only affects students' normal life and study, but even leads to running away from home or committing suicide. Campus loans are basically guaranteed by parents, and most parents choose to repay, which is undoubtedly worse for families in need.
Second, preventive measures.
1. Establish a correct concept of financial management and consumption.
We advocate getting support through work-study programs or student loans, and correct the wrong ideas of blindly ahead of consumption, excessive consumption and conformity consumption.
2. Rational consumption
Do not blindly compare with others, do not covet pleasure, arrange living expenses reasonably, and be frugal and rational.
Stay alert
There will be no pie in the sky, so we should pay more attention to the "free", "discount" and "discount" in advertisements and put more question marks; Understand financial common sense and enhance awareness of prevention.
4. Take care of your identity documents.
Don't lend your ID card to others at will, and take good care of your personal documents. Some students applied for campus loans under the introduction of acquaintances. Therefore, in the event of loan, don't trust acquaintances with emotion.
5. Choose a formal lending institution
If you really need a loan, you should choose an institution with formal authority to handle it, learn the basic knowledge of contracts and financial laws, repay the loan in time, and maintain a good credit.
6. Timely reflect the situation
If you find yourself caught in the trap of campus loan, don't bear it silently, and report the situation to school teachers and parents in time. If necessary, students must report the case to the public security organ in time.