1. Regular cashing of credit cards
Because credit card users have a "interest-free consumption" period of up to 56 days, once cashing out, cardholders can use bank loans without paying interest during this "interest-free period". Therefore, cashing in the credit card makes the cardholder avoid the high cash withdrawal fee of the bank while getting cash, which is equivalent to getting an interest-free loan, which is very attractive. To put it simply, cashing in a credit card is the act of withdrawing cash within the credit card limit by other means. Therefore, the way of cashing in credit cards is constantly being renovated, and there are even many forums and hot posts on the Internet where netizens exchange their cashing experiences. The credit risk of credit cards is further amplified, and the participation of illegal merchants and illegal intermediaries has a great impact on China's financial order. Cash-out of credit cards makes credit cards personal loans: for example, if a person has 1 credit cards, each with a quota of 1, yuan, he can get a loan of 1, yuan through cash-out. If he doesn't need it temporarily, he can not cash out, and the bank won't charge him interest. Cash-out of credit cards makes credit cards personal loans, even lower than the loan cost, and there will be no interest when he doesn't use them. Therefore, banks will continue to strengthen risk management.
2. The crime of illegally absorbing public deposits is constituted by borrowing at high interest and then lending at high interest to others.
The crime of lending at high interest is constituted by taking credit funds from financial institutions for the purpose of lending, and the illegal amount is large; For the purpose of illegal possession, illegal fund-raising by fraudulent means, with a large amount, constitutes the crime of fund-raising fraud; Usury can easily lead to illegal detention, kidnapping, injury, fraud and other criminal crimes; Non-governmental intermediary institutions and individuals with legitimate income from their own funds lend at high interest rate, which belongs to non-governmental lending behavior. If there is a loan dispute, it belongs to the category of civil adjustment.
usury interest = loan amount * interest rate * term, which is a common calculation method of loan interest. For example, a usurer with a monthly interest of 4 points borrows 1, yuan, and the interest for one month is 1, * 4% * 1 = 4, yuan.