With regard to loans, we are often listening to, reaching out to, and in particular to, Internet lending platforms. But many people have to pay back what loans are and what loans are not. Not really. So, which loans are unpayable

I. Loans after theft of personal information by illegal persons

It is believed that there will always be two people around us who say that they have not loaned and that they have debts. His personal information was leaked and the wrong person took advantage of the loan. This is because, in the age of the Internet, we have left too much of our own information on different platforms and, after doing business, personal information has been illegally trafficked or itself leaked. At this point, there are illegals who use our identity information to make loans. In the case of this “loaned” situation, it is possible to avoid repayment if it can be shown that you have not applied for the loan, and that you have not received any money. The late record of the letter report may also be challenged and an application for its cancellation may be filed。

II. Lack of key elements of loan contracts

The current loan contract for our loan should provide for the type of loan, purpose, amount, interest rate, period of repayment, manner, liability for non-compliance, etc. In the absence of essential elements, the contract is null and void and no repayment is required。

III. Loan contracts concluded by agents overstepping their authority

Usually, we sign a loan in person, but in exceptional circumstances, if the borrower is unable to attend, the agreement is signed by a designated agent. If, however, the agent is not entitled to act or abuse of authority to sign an agreement, the relevant evidence is available. Then the loan is invalid and there is no repayment。

IV. CONCLUSION OF A CONTRACT THAT ACTUALLY NOT LEAVE A LOT

Contracts were concluded with the lending institution but no loans were received, in which case such contracts were invalid and no repayment was required。