1. Four years ago, I helped a friend bring 40,000 yuan to a rural credit cooperative in my own name. At that time, it was a typical illegal loan: What should I do?

Saburo Shinoten

2. Is it possible to borrow 40,000 yuan in the name of a credit union?

Maybe it is possible.

3. What should I do if a rural credit cooperative’s name loan is blacklisted?

The key is to see whether you made a mistake when you made a wrong name. If you are a credit union,

4. Why can the guarantor be credited as a credit union?

There is only one situation where a guarantor can be a credit union.

For example, the guaranteed person has previously taken a loan from a credit union, but cannot repay it as scheduled after maturity. In order to recover bad loans, the credit union colluded with the guaranteed person (there must be evidence of collusion), concealed the truth from the guarantor that the guaranteed person was no longer able to repay the loan, extended the loan that the guaranteed person could not repay before, and deceived the guarantor into paying back the loan. The extension loan is guaranteed. After expiration, the guarantor will bear the guarantee liability.

In this case, the guarantor can lend money to a bank, that is, a credit union.