In fact, third-party collection is essentially to provide a collection account for banks and borrowers, which belongs to a transit area for capital use. Generally speaking, it is corporate and does not need to bear any responsibility. However, if the third-party payee is also the guarantor, it needs to bear greater responsibility. The most important thing is the repayment responsibility. When the third-party payee is the guarantor, the guarantor needs to bear joint and several liabilities. Once the borrower is unable to repay the bill, the guarantor needs to bear the responsibility of repaying the loan. And the guarantor's credit information will also show the loan record and repayment record simultaneously. If the borrower's loans overdue, the guarantor not only needs to bear the repayment responsibility, but also has corresponding overdue records on his credit information.

Therefore, few people are willing to be guarantors. Most borrowers' guarantors are close relatives and friends, or directly seek a third-party guarantee company.

why do loans need to be collected by a third party

1. In order to ensure the use of funds, loans that need to be collected by a third party are generally special loans, such as mortgages, and special loans must be earmarked for special purposes. The reason why they are transferred to third parties for collection is to prevent abuse of loans.

2. In order to reduce the risk of loan follow-up, it is convenient for lenders to trace the flow of funds and prevent funds from flowing into the stock market and the property market.

3. When selecting a third-party payee, the lender must choose a trustworthy person to prevent the third party from refusing to transfer the money.

what are the ways of secured loans

1. Housing mortgage loan

Housing mortgage loan is the most common way of guarantee, and the mortgage that the loan bank can accept includes the house purchased by the borrower or the house with property rights. The borrower shall go through the mortgage registration formalities with the real estate management authority in accordance with the relevant laws, and also purchase mortgage property insurance and loan guarantee insurance from an insurance company recognized by the loan bank in accordance with the regulations, and the loan can be obtained after the formalities are completed.

2. Pledged loan guarantee

Pledged loan guarantee generally includes government bonds, certificates of deposit, funds, patent rights, etc. According to the relevant regulations, if a borrower applies for a pledged loan, the amount contained in the pledge right certificate must exceed the loan amount, that is, the amount contained in the pledge right certificate must be at least 1% of the loan amount, and it must be appraised by the loan bank to ensure that it is true and effective. When signing a loan pledge contract with the bank, the borrower shall hand over the securities, certificates of deposit and other pledges to the loan bank for safekeeping, and the loan bank shall bear the custody responsibility.

3. Third-party secured loan

A third-party secured loan requires the borrower to provide a guarantor with certain qualifications to the bank when applying for a loan. When the borrower fails to repay the loan on time, the guarantor has the obligation to bear joint and several liabilities for repayment. In addition, not everyone can apply for a secured loan as a guarantor, and certain guarantee conditions must be met. The specific situation will be carried out in accordance with the regulations.