First, direct fraud. When users apply for loans, illegal loan companies make use of users' urgent loan demand to let users pay a deposit or security deposit first, and then directly flee after receiving users' funds. This is the most conventional fraud method, which directly causes economic losses to users.

Second, stealing user information. Illegal loan companies generally require users to provide information such as ID cards, bank cards, and residential addresses, and then use user information to make false information such as ID cards and bank cards, and participate in illegal activities such as stealing, cashing, and money laundering. Let users get involved in illegal transactions for no reason, causing trouble.

Third, selling user information. Illegal loan companies will collect users' contact information and then sell it to other marketing and fraud companies, which will cause phone calls and text messages to users, which will seriously lead to users' second fraud losses.

Users should directly seek formal loan channels during the loan process to avoid property losses. You can't rush to the hospital, borrow money everywhere, and give criminals an opportunity. Formal loan companies will not charge first, so as to avoid disputes if the money is not paid for the loan. At the same time, we should protect our identity card, bank card, residential address, mobile phone number and other information to avoid malicious disclosure threatening our economic security and personal and property safety.