The harm of private lending _ the disadvantages of private lending _ the advantages and disadvantages of private lending _ the convenience of private lending: private lending has two sides. Private lending, as its name implies, is the spontaneous private lending of money and goods between people. Like the previous family associations and mutual savings associations, they are mostly used to deal with sudden economic difficulties and purchase means of subsistence and production in the planned economy era. In the era of planned economy with economic difficulties and imperfect legal system, it did play some positive roles. However, in today's market economy plays an important role in the distribution of resource elements, private lending is often easily used by some swindlers, and most economic disputes are related to private lending. Illegal fund-raising, economic fraud, money laundering and other illegal and criminal activities also use private lending, and the tragic situation that some people often covet their high interest and lose their money easily leads to social instability. For citizens who are legal and trustworthy, as long as they are within a reasonable consumption range, they can apply for loans for buying a house, decorating, buying a car and schooling their children, and there is no need to borrow from the private sector at high interest rates; The country is now rich in financial resources and people's livelihood funds are guaranteed. In the case of natural and man-made disasters, you can also get all kinds of insurance and social relief; In addition, it is in line with industrial policy to invest in enterprises and expand reproduction, and the state also has corresponding credit funds to guarantee it, and personal property mortgage loans can also be used. In short, private lending can be avoided. Of course, the scale of credit needs to be expanded, the investment scope of private idle capital needs to be optimized, the rate of return needs to be improved, the threshold of private joint-stock banks is lowered, joint-stock intercity railways and other undertakings with public interests increase, and corporate bonds can be issued. The most important thing is to coordinate the average profits of industry and commerce, banks and other societies, support and expand the industrial economy, and strive for a well-off society. There are two reasons why private lending has a broad market: 1. The loan threshold of the formal financial sector is too high and the loan is too difficult, which makes private lending have an extremely broad market. 2. When people are in danger, they often get no help from the government, which is one of the main reasons for the prosperity of private lending. Conclusion: Private lending is not only more risky than formal financial sector lending, but also plays a certain role in solving the urgent needs of ordinary people. This is the duality of private lending. The key issue is to regulate private lending by law.