Feeling remorseful, the female student suddenly felt overwhelmed and took out a loan to support artist Cai Moumou, a user and artist

During this period

Cai Xukun has been deeply involved in negative news

Some fans have taken off their fans

But there are also some "veteran fans"

Standing with "idols"

Even willing to take out loans

Just to increase the popularity of articles supporting Cai Xukun

However, it is precisely this action that

Almost burdened her with a huge debt

To support positive comments from idols

Borrowing 10000 yuan from Weibo to "Help Headlines"

According to Xiaoyuan, he is a junior student and a long-time fan of Cai Xukun. Recently, Cai Xukun has been deeply embroiled in negative news, with a lot of negative information about him on the internet. As a "senior" fan, Xiaoyuan looks very anxious.

On Weibo, there are also some fans who have expressed a lot of support for Cai Xukun, but the popularity of these Weibo posts is not high. Xiaoyuan thought of exaggerating the influence of these Weibo accounts through the "Help Headlines" feature on Weibo.

According to the official introduction of Weibo, "Bang Shang Toutiao" is a paid promotion service provided to users. After purchasing the Bang Shang Toutiao service, users can enjoy placing the designated Weibo content of others on the top of the Weibo information flow of their account fans. The designated Weibo will be displayed once during the promotion time after the user purchases the service at the aforementioned location.

According to the rules, the duration of advertising corresponds to expenses ranging from tens to hundreds of yuan. Xiaoyuan said that he only had over 1000 yuan of living expenses in his hands at the time, which he quickly used up. However, in order to continue expanding the influence of related Weibo, he thought of paying the relevant expenses through a platform loan.

"I don't think much about it, but it will be better later." Xiao Yuan said that she made loans through Alipay's credit loan and other ways, but the platform did not provide corresponding services because she was a college student. She thought of the loan platform under Weibo again.

"I have seen related push notifications multiple times before." Xiaoyuan said that on June 28th, she selected "borrow money" in the "Weibo wallet" on the Weibo interface. After going through procedures such as "registration account", "identity verification", and "obtaining credit limit", she successfully passed the review and borrowed 10000 yuan, all of which was used to pay for "helping Toutiao". She posted dozens of Weibo articles.

Afterwards, it was discovered that the interest was too high and early repayment was made

A loan fee of 200 yuan per day is charged

"I felt like I was already on top of it at that time," said Xiaoyuan. Later, she saw many Weibo loan users reporting "high interest rates" and "serious consequences of overdue payments" on Xiaohongshu. She felt a bit scared and wanted to repay the Weibo loan in advance. She checked the loan contract again and found that the annual interest rate was as high as 24%, and did not find a way to repay early.

Xiaoyuan said that he found the platform customer service and after multiple communications with the other party, they agreed to make an early repayment, but ultimately paid an additional 200 yuan.

Xiaoyuan said that the 200 yuan fee was "interest", but in reality, he only used it for one day. "Borrowing 10000 yuan and charging 200 yuan interest is too expensive.". I eventually borrowed money from my best friend and repaid 10200 yuan.

The Xiaoxiang Morning News reporter checked Xiaoyuan's loan agreement and found that the lender is Fuzhou Sina Network Small Loan Co., Ltd. The loan principal is 10000 yuan, with a loan term of 12 natural months and a loan interest rate of 24%/year. The loan interest is calculated from the start date of the loan term, and the borrower's repayment amount for each period is the total amount of the principal, interest, and other payables that should be repaid for the current period. The borrower chooses to repay in equal installments, with a payment amount of 945.60 yuan per installment.

The agreement also stipulates that if the borrower repays in advance before the repayment date, they shall apply to the lender in advance and obtain the lender's consent. The lender shall not adjust the loan interest calculated and collected by the borrower before the prepayment date.

However, the information submitted by Xiaoyuan did not show whether the 200 yuan charged was a daily loan interest.

College Student Test

Successfully obtained approval for borrowing on Weibo

After opening the Weibo Wallet Borrowing page, a reporter from Xiaoxiang Morning News saw that the page marked "Starting from an annual interest rate of 7.2%, borrowing 1000 yuan for 12 months only costs an average of 0.11 yuan per day. The credit limit and interest rate are subject to the actual credit result.". When actually registering and applying for a loan, the page prompts "Loan annual interest rate of 36%".

The reporter asked two female college students to conduct a test on the Weibo wallet page. When filling out their identity information, they selected "other personnel". Both college students passed the platform's review and received a credit limit of over 10000 yuan. One college student successfully obtained a small loan with an annual interest rate of 24% during the test.

On the same type of product credit loan pages on other platforms, it displays "The service has not been opened to you yet".

In fact, as early as March 17, 2021, five ministries and commissions, including the China Banking and Insurance Regulatory Commission, jointly issued the Notice on Further Regulating the Supervision and Management of Internet Consumption Loans for College Students, which clearly stated that small loan companies should not issue Internet consumption loans to college students.

According to the "Provisions on Several Issues Concerning the Application of Law in the Trial of Civil Lending Cases" issued by the Supreme People's Court in September 2015, the annual interest rate for civil lending protected by law is within 24%, allowing voluntary payments of 24% -36%, and exceeding 36% is invalid.

Platform response:

Proactively reject non compliant users

But it cannot be achieved

100% accurate identification and interception

Why Weibo Wallet

Will loans be issued to college students?

In response to this, the official customer service of Weibo Wallet replied to reporters that before the borrower borrows money, they need to check the "Non Student Identity Commitment Letter" agreement, and when signing the agreement, it is also stated that the information filled in needs to be ensured to be true. The platform reviews the information based on the real information provided by the user.

The public relations staff of Weibo Wallet stated that after investigation, the identity information filled in by the involved user in the backend query is that of an individual business owner, and the user signed a "Non Student Identity Commitment Letter" normally when borrowing money. In the early repayment communication with customer service, the user did not mention their university student identity on Heping Platform. In the future, if it is verified that the user is indeed a college student, the platform will actively cooperate with the user and the creditor to communicate and provide interest and fee reductions for the user.

Why loan 10000 yuan for only one day

Will there be a cost of 200 yuan?

Regarding this, the public relations staff stated that because the product in question is a installment loan product, not a product with interest calculated on a daily basis, the current interest fee will be charged according to the contract agreement.

Does the future platform have the capability

Is it necessary to identify whether users are students?

Regarding this, public relations staff responded that the platform will verify the authenticity of the registration identity information submitted by users, including intercepting and intervening in suspected fraudulent individuals, actively rejecting non compliant users, but cannot achieve 100% accurate identification and interception. From a platform perspective, we definitely hope to more accurately intercept unsuitable loan applicants, including reducing the risk of financial fraud for users.

With this experience, the person involved, Xiaoyuan, expressed her regret and planned to admit her mistake to her parents and work during the summer vacation to repay the loan. She also wants to remind other college students to pursue celebrities rationally and not to take out online loans.