1. Qujing Folk Unsecured usury Folk Unsecured Loan refers to the unsecured loan form between citizens. As long as both parties' loans are true and effective, they have legal effect, but the loan interest rate must be within the scope stipulated by the People's Bank of China, that is, it must not exceed four times the interest rate of similar loans of banks, otherwise it will be judged as usury, and the excess will not be protected by law. Private personal unsecured loans can also be understood as personal unsecured loans or private personal credit loans. You don't need any collateral, you don't need to bother to find a guarantor, you just need ID card, income certificate, address certificate and other materials to get a loan. For some individuals who need money urgently or small and medium-sized enterprises as legal persons and self-employed bosses who need financing, this is a very fast borrowing channel. However, at present, there are still many irregularities in private unsecured loans, especially some alienated private unsecured loans, such as usury, which are easy to make individuals fall into a vicious circle of borrowing the new and returning the old. Once there is a problem with the funds, they will face the situation that huge loans cannot be repaid. Fraud cases of providing unsecured loans to private individuals also occur from time to time. "No mortgage, same-day loan". Recently, some small advertisements of "No mortgage loan" appeared on the streets of some cities in China. Behind these seemingly tempting propaganda, there are actually a lot of tricks, which are purely traps for cheating money. After analyzing and summarizing such cases, the police found that "private unsecured loan" fraud generally includes the following types: First, after the information publisher knows the loan amount of the lender, he asks to pay interest first, and then the information publisher will disappear; Second, credit cards are available now. The loan company requires the lender to provide an ID card and use the customer's ID card to apply for a credit card at the bank. In the case of no actual transaction, the loan company uses the POS machine applied from the bank to swipe the card to the lender, and then charges the lender a "handling fee"; Third, underground banks "launder money". Some loan companies are really "underground money houses" and the purpose of loans is "money laundering". Qujing folk unsecured usury related issues as mentioned above. Although it is easier for non-governmental unsecured usurers to lend now, there are also many risks. Therefore, when choosing a loan, you should try to choose a regular bank loan or other lending institutions, don't believe the property losses caused by advertisements, and pay attention to the preventive measures of related risks to avoid being deceived.