As Internet finance boomed, many people wanted to use loans to address the urgent need for money, but many were unable to do so because of, inter alia, the lack of credit, so they thought of using someone else’s bank to borrow, like “discount.” So, what's going on

What's going on with people lending money to my bank

First, we need to make it clear that it is illegal to use other people's bank loans. As this amounts to the falsification of documentary material, if found, it will be subject to the law and, ultimately, will not pay. Moreover, lending their own bank may be linked to offences such as money-laundering. We therefore strongly appeal here to all of you not to risk trying to use someone else's bank for loans。

Secondly, even when someone else's bank flow is used, it may not be possible to make a successful loan. Banks carry out a great deal of scrutiny when they review loan applications, such as checking water bills, looking at personal credit reports, etc. It is likely that loans will be rejected if the water bills are found to be unusual or not in line with the actual situation. In addition, banks use a variety of means during the audit process, such as sending certified text messages to the water account, telephone confirmation, etc., and are held liable if it is found that the water account provided by the loan applicant is not personal。

Moreover, even if the loan was successfully disbursed, it would not have reached the full loan applicant. Since the bank would make amortization of the loan, i.e. according to the schedule, the amount of each instalment would be reduced by a certain fee. Moreover, in the case of overdue payments or other defaults within the repayment period, the bank may resort to legal means to collect, including, but not limited to, late interest payments, damaged correspondence records, litigation, etc。

It is therefore not advisable to use other people ' s banks for loans. We need to address our own financial problems in a legitimate way, such as adjusting our way of life, cutting costs, finding better-paid jobs, etc., by increasing income, or by using human resources such as family and friends to solve our own financial problems。