In fact, formal microfinance companies are still relatively easy to distinguish. Generally speaking, formal microfinance companies in Chengdu have detailed and meticulous methods. On the contrary, if it is an informal Chengdu microfinance company, it will be different.

At the same time, the informal Chengdu microfinance company is characterized by:

First look at the interest rate. If it is more than 4 times higher than the benchmark interest rate for the same period, it is illegal.

Second, look at whether to charge before lending. If you charge in the name of various fees and interests, nine times out of ten there is a problem.

3. Remittance pays interest, charges are charged for various reasons before lending, the interest rate is too high, and the contract is not signed.

Fourth, some relatively new tricks, such as opening a bank or mobile banking, use the default password loophole to cheat money.