They are generally reliable.

In our country, many small loan companies are formal, have licenses issued by the financial regulatory authorities, and are subject to the supervision and management of the financial regulatory authorities. However, there are indeed some irregular and illegal small loan companies in the credit market.

: Generally reliable. In our country, many small loan companies are formal, have licenses issued by financial regulatory authorities, and are subject to the supervision and management of financial regulatory authorities. However, there are indeed some irregular and illegal small loan companies in the credit market.

So, below I will teach you some feasible methods to help you choose a qualified credit company correctly, and you can learn about it to avoid pitfalls.

1. Check whether it has a license

Under normal circumstances, reliable small loan companies will hang their business licenses and loan operating licenses in conspicuous places in the company. In addition, reliable microfinance companies can check their certification status online. If you find that a microfinance company does not have a license, it must be unreliable.

2. Look at the shareholders

The stronger the shareholders behind a small loan company, the higher the reliability. If the shareholders of a small loan company are central enterprises, large state-owned enterprises, or companies with high social reputation, then the small loan company is relatively reliable.

3. Are the fees open and transparent?

Generally speaking, reliable small loan companies will clarify various loan fees, and the annualized rate will be within 36%. If a loan company deliberately conceals its fees, then the company is unreliable.

Whether a company is reliable can be judged by the following points:

1. Whether it has a business license;

2. Whether the company has a legal representative;< /p>

3. Whether it is registered in the tax registration;

4. Whether it has an organization code certificate.

Many financial institutions carry out joint loan business models with loan assistance companies. They do not have certain "online risk control technology" themselves, so they use loan assistance companies to do "risk control" for themselves. However, the risk control standards of general loan assistance companies are different from those of financial institutions, and their operational roles are different. This can easily lead to "risk control failure" and create large-scale default risks.

The Beijing Banking and Insurance Regulatory Bureau issued the "Notice on Regulating Cooperation Businesses between Banks and Financial Technology Companies and Internet Insurance Business" (hereinafter referred to as the "Notice"), which listed "online loan cooperation" in Focusing on the primary position of risk prevention and control, it is proposed to strictly implement the principle of independent risk control, strictly prevent illegal flow of credit funds into online lending platforms, real estate markets and other fields, and rectify some non-performing small loans in society and on the Internet.