College Students Venture To Fall Into The "Loan Trap"

College students should be cautious about falling into the "loan trap". Xiaolin, a newly graduated university, is starting its own business. However, because of the shortage of funds, the business plan is dragging on.

Two months ago, he saw a Cci Capital Ltd's loan advertisement in the newspaper saying that as long as he paid a certain amount of deposit, he could get the required loan without any formalities.

Faced with such an attractive loan channel, Xiao Lin seems to see hope.

On the second day, he went to the Cci Capital Ltd to conduct a consultation. After receiving the affirmative reply from the company's staff on advertising, Xiao Lin gathered together to raise 4000 yuan to the company and signed the loan contract with the company.

Because Xiao Lin asked for money and his lack of social experience, he did not read the specific terms of the contract carefully. It was this careless omission that made him suffer a great deal later.

After he signed a contract with the company, Xiao Lin had been waiting for more than two months to get any information about the loan. Many times he called and consulted the company. He was told that the loan was being processed. When he asked for the last time, he was told that his loan could not be applied due to incomplete materials.

Kobayashi realized that he had been cheated, so he immediately asked the company to refund his 4000 yuan deposit, but the company only returned 1000 yuan, and the other 3000 yuan was deducted as the so-called "handling fee". He also said that the contract was written in plain detail: "if the loan can not be applied as scheduled, it will refund the deposit in addition to the relevant handling costs involved in the relevant formalities."

Experts warn: first, the company which claims to be able to handle "loan business" is just a consulting company, and does not provide the ability to guarantee the loan business; second, there are many additional conditions for repayment commitment in the loan contract signed by Xiao Lin.

This makes the industry and commerce departments unable to win the legitimate interests of Xiao Lin through the terms of the contract.