What is the relationship between banks and loan intermediaries? Who is feeding who?

Of course, banks support these loan intermediaries. Now most people, if they have financial difficulties, will definitely consider bank loans, because the interest rate of bank loans is much lower than others, and the security will be higher. Only a few people, because of their own credit problems, can't go to the bank for loans through normal channels, so they can only let the intermediary guarantee loans from the bank for themselves. But the premise is that there must be bank loans to have these intermediaries. If banks don't lend, there will be no loan agency industry.

So in contrast, banks still support loan intermediaries. Nowadays, many bank intermediaries lend money to customers through improper channels. Because customers have problems with their own credit, they can't go to the bank for loans themselves, so they will entrust an intermediary company to help them with loans. These intermediaries will create a fake identity for these customers and let them apply for credit cards in a new identity, as long as the identity created by the intermediary is not seen through. The higher the status, the higher the credit card limit will be, and some customers can even have hundreds of thousands of credit card limits.

These intermediaries will charge a handling fee of 10% to 20%. So these intermediaries mainly earn money from customers, but in fact their operations are illegal. The bank's system is very strict, and they will only identify whether they can really apply for a credit card according to the customer's information. These intermediaries also take advantage of the disadvantages of banks to make money.

In recent years, more and more people began to borrow money online, and many people became black households because they could not repay the loan. These people can only contact those bank intermediaries about the loan. These intermediaries will also buy a lot of people's information and lend it to other customers. So this intermediary can make money because the bank will issue credit cards to normal users and give them a certain amount of loans. The intermediary only earns the lender's handling fee, but the interest intermediary of the bank can't.