It turns out that the People's Court of Xixiangtang District, Nanning City, Guangxi Province began to accept the case of a financial investment company in Guangxi v. college students' loan contract dispute from the end of 2065438+2008 10. So far, there are more than 400 cases waiting to be handled. The defendants, mostly college students from Jiangxi, Guizhou and Guangxi, were sued to the court because they failed to repay their loans after purchasing high-end mobile phones through the plaintiff's "704 Campus Flower" venture loan.
It is reported that the reason why students choose not to respond to the lawsuit is because this product is suspected of "usury"-some students report overdue fees charged with high interest.
The company behind the "704 Campus Flower" product is Guangxi 704 Financial Investment Co., Ltd., which claims to be a service company that provides installment student loans and commodity exchange for college students, and provides high-quality and good-priced part-time services for college students free of charge.
At present, the company's website has been banned, its "704 Campus Flower" product has been suspended, and the company is in the debt collection stage.
A student involved revealed that she was the first to contact the "704 School Flower" through news and told her that she could redeem it through the platform part-time. "Take the computer first, then repay it part-time, and don't pay a penny."
When registering, you should fill in your personal information down to the dormitory number and log in to Xue Xin. In addition, take photos with your ID card and contract, and submit a copy of your ID card. After that, let him download the "704 Campus Flower" App and pull it into a QQ group. In the group, some project personnel will post all kinds of part-time information.
Students say that part-time jobs are calculated by working hours. "For example, if you hand out leaflets and work more than 8 hours a day, you will only be given 60 yuan, and then they will only deduct 5 hours." This is how the problem arises.
This part-time loan repayment has laid a trap. She said that if she didn't pay back the money for one month, she would make it up next month, and the other party would still think it was overdue.
Surprisingly, after receiving the court summons, the sued college students set up a QQ group! They think that the state has cracked down on usury and illegal lending, and this "campus loan" is illegal lending, so the money they borrowed can be repaid.
The judge said that if these college students lose the case, they still won't pay back the money. Being blacklisted will not only pay back the money, but also leave a stain on personal credit.