Legal analysis: the lending company is legal.
Legal basis: The Law on New Compliance Private Lending Institutions allows private capital to create new compliance private lending institutions, and makes it clear that new compliance private lending institutions should be legal financial institutions with the same qualifications as existing formal financial institutions; It is clear that its function is to specialize in legal private lending and serve private economic units. In this way, the law clearly defines the positioning of private lending, indicating that private lending activities and formal lending complement and promote each other, thus realizing the benign existence of private lending and formal lending.
Second, are private lending companies legal?
Private lending companies are not necessarily legal, because loan collection companies are legal only after they are legally registered by the company registration authority. If it is found that the company has not reported to the administrative department for industry and commerce.
legal ground
Article 2 When applying for company registration, the applicant shall be responsible for the facts. Article 3 Before a company is established, it shall be registered with the company registration authority according to law and obtain the Business License of Enterprise as a Legal Person. Without the company registration, it shall not engage in business activities in the name of the company.
Third, is the credit company legal?
It depends. Not every company is legal. It depends on its interest and how much you can get.