Lack of money? Is the platform still running?

Lack of money? The platform is no longer running. The state has carried out special rectification of online lending platforms, and many illegal platforms have been investigated. For example, a platform short of money, involving routine loans and 7 14 anti-aircraft guns, was retired by the state.

1. Is it necessary to pay back the money owed to the illegal platform?

If this company has been collecting credit information before, it needs to make repayment according to the loan contract, otherwise it will leave a record of arrears in our credit information system. If there is a problem with the credit information system, it will affect a series of loans such as car loans and mortgages. If you don't pay it back for a long time, you may be classified as a faithless person, which will have a great impact on our daily travel and life and work. If the illegal platform collects money by violent means, then in this case, we can not repay this debt, or we can take up legal weapons to safeguard our legitimate rights and interests. For these acts of violent collection, we must keep good evidence, which is also evidence for us to safeguard our rights and interests in the future. There are also some conventional loans that do not need to be repaid. Some illegal platforms have an annual interest rate of more than 36% when borrowing. These are actually serious violations of the law, and the excess can be returned without refund.

Second, is online lending illegal?

Online lending itself is not illegal, but many online lending companies or platforms will take some violent dunning methods when charging high interest or dunning in the process of lending, which are strictly prohibited by the current law. At present, there are many formal lending platforms in China. If you do have financial problems, you can borrow money through these formal and reliable online platforms. Never choose those illegal and informal lending platforms, because these lending platforms claim that they have high quotas and fast loans, but these are just deceptive, and many will charge some handling fees when repaying.

Third, the final conclusion is that you must choose a formal online lending platform to borrow money. If there are some illegal means such as violent collection, we can take up legal weapons to safeguard our legitimate rights and interests.