According to the regulations of the People’s Republic of China, beheading is illegal. As long as everyone prepares relevant evidence, they can safeguard their legitimate rights and interests. The channels through which you can make complaints are:
China Banking and Insurance Regulatory Commission The China Banking and Insurance Regulatory Commission is an agency in my country that specializes in supervising the banking and insurance industries and safeguarding the legitimate rights and interests of financial consumers. The China Banking and Insurance Regulatory Commission has branches in various places. If you encounter a loss of interest rates, you can go to the local China Banking and Insurance Regulatory Commission to complain to the financial institution.
Financial Office In our country, financial services (work) offices are established in every place to supervise and manage local financial institutions. If you encounter a cut-off interest rate, you can go to the local financial office to lodge a complaint.
Court If you are beheaded, you can directly go to court to sue the lending institution. Our country's laws have clear provisions on beheading interest, and the principal and interest of the loan will be calculated based on the actual loan amount.
Internet Finance Association If you encounter a cut-off interest rate when applying for an online loan, you can complain to the Internet Finance Association. The Internet Finance Association of China has opened an online reporting platform for everyone to protect their rights and interests.
Administration for Industry and Commerce The Administration for Industry and Commerce is a department in my country that specializes in supervising enterprises. If you find that a lending company that charges cut-off interest does not have legal business qualifications, you can file a complaint with the Industrial and Commercial Administration Bureau. Is beheading illegal or a crime?
Is beheading interest a routine loan?
Do online loans have captcha interest and do I have to repay them? The above are the 5 channels through which you can complain about beheading. If you are faced with beheading and violent debt collection at the same time, you should call the police in time, not just complain.