Carrying a debt of 1 million and actually only getting 500,000, but easily earning one million a year, what is the authenticity?
Preface. Some people say that 500,000 have a debt of 1 million in their hands and an annual income of more than one million, is it so good?Of course, we all want to do as little as possible to do more with less. In real life, we often come into contact with some private intermediaries, who claim to be able to pay off debts for others, let you get out of debt, and even make a fortune. But is it possible that getting rich is as easy as they advertise?There may be some borrowing"surface"The benefits, such as being able to take less money and managing your own life, are huge. This article will help readers better understand the truth of retrospectiveness, the risks of retrospective and the legal issues that retrospective may bring.
The truth about overdue debts.
Debt security is simply the act of helping others to absorb their debts and profit from them. At present, there are two types of debt guarantees: non-performing asset guarantees and pure fraudulent loan guarantees.
The first type is backed by non-performing assets. Many banks are now facing the problem of non-performing assets, and in order to reduce the impact of non-performing assets, some banks have started to work with private intermediaries to help banks find potential debtors. These debtors are usually people with poor credit histories and poor repayment ability. Private intermediaries package these people, such as helping them set up a company, providing false proof of assets to meet the bank's requirements to verify the loan. In this way, banks can transfer non-performing assets to borrowers and improve their own performance. Lenders, on the other hand, can earn a portion of the commission from non-performing loans, while intermediaries can also receive management fees.
The second type is pure fraudulent loans. In this way, private intermediaries look for people with poor credit and few assets, put some fake assets, such as real estate and cars, in the name of the lender, and use these assets and the intermediary's relationship with the bank to apply for large loans. The guarantor can also receive a portion of the loan commission.
In short, the truth of backdating is that some intermediaries deceive banks through various means and transfer loans to backposters through packaging to make a profit.
Debt risk. 
While at first glance, guaranteeing debt may seem like an easy way to get rich, in reality, it comes with a lot of risk.
First of all, we can encounter fraud. Some intermediaries take advantage of people's desire to get rich and charge fees or fees for various reasons, but in the end they don't deliver on their promises and turn a blind eye to people.
Second, all debts must be repaid by the lender itself. While some intermediaries claim to have signed a repayment waiver agreement, banks are not to be fooled. If the loan cannot be repaid normally, the bank will go through the back door to find the debtor instead of an intermediary to collect the debt. What's more, when the debtor becomes a judgment defaulter, they will have to face a series of adverse consequences, such as losing credit, not being able to buy a house or car, unable to register a company, etc., which will have a serious impact on their life and career development.
In addition, there may also be legal issues related to the liabilities of the mole. In the process of defaulting, intermediaries are usually involved in illegal acts such as fake asset certificates and fake contracts. Once discovered, the debtor will not only have to bear economic losses, but may also have to bear legal liability.
Legal issues of debt.
Retroactive acts, including false property certificates and forged contracts, are crimes in themselves. According to Article 265 of the Criminal Law of the People's Republic of China. According to article 265 of the Criminal Law of the People's Republic of China, whoever forges, alters, buys, sells, or steals, conceals, or destroys important accounting materials such as capital contributions, debts, and assets of companies, enterprises, or public institutions, and the amount is relatively large, or commits multiple crimes, is to be sentenced to up to three years imprisonment, short-term detention or controlled release, and/or a fine;where the amount is especially huge, the sentence is between three and ten years imprisonment and a concurrent fine or confiscation of property.
In addition, according to Article 45 of the Contract Law of the People's Republic of China, if a contract is concluded by fraudulent means, the victim has the right to choose to terminate the contract, and has the right to demand that the other party return the payment for the goods and compensate for the losses caused by the breach of contract. In addition, the borrower can also be required to bear the responsibility of interest, penalties, etc.
In short, backdating is not only risky, but it can also involve legal issues, creating significant financial and legal risks for the backboarder.
Conclusion. There may seem to be some tempting advantages to backsigning, but the risks and legal issues behind it cannot be ignored. Avoid falling into"Backsigning"We must remain rational, respect the law, cherish integrity, and strive to obtain legitimate assets. Of course, if we find ourselves in financial difficulties, we can seek help from banks and related institutions through appropriate channels instead of choice"Backsigning"This kind of high-risk behavior.