Postal Savings Bank Longyan Branch reminds you: Beware of "property proxy holding and paid loan assistance" traps and protect your legitimate rights and interests!

Recently, there have been illegal activities in the market under the guise of “low investment, high returns, risk-free” that lure the public into participating in “property holding on behalf” and “paid assistance with loans.” Many people are easily tempted by “benefits” and participate, ultimately suffering financial losses, damage to credit, and even legal responsibilities. To protect the legitimate rights and interests of the public and guide everyone to avoid financial risks, we hereby issue this risk warning, reminding everyone to stay alert and uphold the bottom line.

1. Recognize the nature of the behavior and see through scams

The so-called “property holding on behalf” and “paid loan assistance” are fundamentally illegal acts where criminals use the public’s identity information and good credit to illegally obtain bank credit funds or evade property regulation policies through fabricated transactions and forged documents. Common tactics include: enticing the public with “easy commissions and no responsibility,” asking them to lend their ID cards to hold property or apply for loans in their name, promising to repay the loans and bear the risks, while only paying a small “benefit fee.”

It must be clearly emphasized: such activities are not “risk-free arbitrage.” The so-called “holding agreements” and “disclaimer commitments” promised by criminals lack sufficient legal effect and cannot exempt participants from legal and financial obligations.

2. Four deadly risks—don’t lose more than you gain

Many think, “Just sign a few papers and take some money, what’s the risk?” but in fact, each step hides hidden dangers that could “ruin your life”:

(1) Debt and property loss

Legally, participants are nominal property owners and loan borrowers, with the bank only recognizing the repayment responsibility of the nominal borrower. If the actual borrower defaults or disappears, the participant must bear the full principal, interest, penalty interest, and breach fines. Many only receive a few thousand to tens of thousands of yuan in “benefits,” but may end up owing hundreds of thousands or even millions, leading to frozen deposits and asset seizures.

(2) Credit damage and restrictions

If the loan is overdue or unpaid, negative credit records will be directly recorded in the personal credit report, severely affecting future mortgage, car loan, credit card applications, and even impacting employment and children’s education, bringing ongoing obstacles to personal development.

(3) Asset disposal and recovery

When the actual borrower cannot repay, the bank can sue and enforce, and the property held on behalf will be auctioned to settle the loan. If the auction proceeds are insufficient to cover the debt, the court will also seize other assets of the participant (deposits, vehicles, owned property, etc.) to make up the difference, resulting in “losing both house and money” or even paying out of pocket.

(4) Suspected illegal activity and criminal liability

Such activities often involve fabricating purchase contracts and forging income proof, suspected of loan fraud and loan scam crimes. Once investigated, participants will forfeit their “benefit fees” and face fines, detention, or imprisonment, affecting themselves and their families.

3. Strengthen awareness and stay away from illegal activities

To protect your rights, remember four points: First, uphold the bottom line, refuse the temptation of “high commissions and zero risk,” and do not participate in illegal loan assistance or property holding activities; second, properly safeguard ID and other documents, do not lend or rent them out casually to prevent misuse; third, when handling property or loan transactions, insist on “applying, signing, and using the loan in your own name,” and do not sign documents you do not understand or are unaware of; fourth, if you find illegal clues or accidentally participate, stop cooperation immediately and report to regulatory authorities or public security agencies to gather evidence and reduce losses.

4. Sincere warning

The Postal Savings Bank of China Longyan Branch reminds you: “Property holding on behalf” and “paid loan assistance” may seem like quick money-making shortcuts, but in reality, they are “deep pits” that threaten your assets, credit, and freedom. Personal credit is an intangible asset, and the legal bottom line must not be crossed. We urge the public to enhance risk awareness, strengthen legal consciousness, consciously resist illegal financial activities, protect your “money bag” and personal credit, and jointly maintain a healthy and orderly financial environment and social order.