A professional debtor refers to an individual or organization that intentionally engages in debt evasion or illegal debt evasion in a professional form. By manipulating loopholes in the legal and financial systems, they deliberately owe debts and evade their debt-paying responsibilities by various means.
Professional debt repayment usually has two forms: one is "packaged loan" and the other is "bad debt repayment". "Packaging loan" mainly refers to a "packaging" company engaged in financial services, which obtains high loans from banks by fictitiously exaggerating the debtor's assets, occupation, personal experience, family background, social relations and other information.
"Bad debts" are mainly aimed at enterprises. This situation is usually that there are bad assets in the name of the enterprise that hinder its business development. Through equity transfer, asset disposal, mortgage and other means, the enterprise finally makes the debtor bear the debts or non-performing assets of the enterprise alone.
The danger of professional debtor's behavior
Professional debtors have almost no cost in the early stage, and only need to provide credit report, original ID card and a new mobile phone number, which is a very attractive choice for those who want money easily. On the surface, it seems to be a good opportunity to make money and save effort, but in fact it is a very dangerous behavior.
The behavior of professional debtors usually involves fraud, evasion of debts, concealment of property, transfer of property, fictitious debts, intentional evasion of debts, etc. They may frequently change their address and contact information to avoid being recovered, or transfer their property to someone else's name or hide it in other ways to avoid being enforced. Some professional debtors will use fictitious identities or fraudulent means to borrow money without paying it back, or commit financial fraud in a more complicated way.
The behavior of professional debtors is illegal in most countries and regions and is sanctioned by law. Its behavior not only involves criminal offences, but also causes serious damage to the financial system and credit system. Their existence makes financial institutions more cautious when choosing loan targets, increases financial risks and costs, and weakens the reliability of the credit system.