Many loan scams trick borrowers into signing contracts under the guise of low interest and no collateral, but in the end they lend at high interest rates, and even have various head fees, resulting in heavy debts for the victims.
Reminder: When you meet a financial institution that claims that the interest rate is lower than that of the bank, please remember: there is no free lunch in the world, and high risk naturally corresponds to high interest rate!
Routine 2: Pre-loan charges
This is the most common unsecured loan trick. Ask for a handling fee or deposit before lending, or even some "red envelopes to get through the relationship."
Nine times out of ten, the victims of loan fraud fall into this pit, and the scammer just captures the lender's eagerness for success and lack of common sense. Get their trust first, and then make up various reasons to charge in advance. When the borrower puts money into the other party's account, he will vanish in an instant.
Reminder: Formal financial institutions will not charge any fees in advance before lending. Please keep this in mind to help you avoid 90% scams.
Routine 3: Induce "borrowing" and maliciously create a breach of contract.
Some professional loan teams choose people who have houses and cars, persuade them to renew their loans for various reasons, and even use various means to make them overdue, and finally collect the victims' fixed assets!
Reminder: Pay attention to verify the qualification of the institution when lending, and don't rush to the hospital!
Recently, the Supreme Court issued the Notice of the Supreme People's Court on Properly Hearing Cases of Private Lending in accordance with the Law, demanding that the examination of lending facts and evidence should be intensified, criminal acts such as private lending and fraud should be strictly distinguished, the legal interest rate red line should be strictly observed in accordance with the law, and at the same time, a mechanism for preventing and resolving disputes over private lending should be established to severely crack down on illegal and criminal acts of routine lending!