Hello, I'm in the guarantee business. In fact, it is not the difference between a financing guarantee company and a credit guarantee company. From the perspective of guarantee companies, there is only the difference between financing guarantee companies and non-financing guarantee companies. The financing guarantee company needs to obtain the business license of the financing guarantee institution from the local financial management department such as the Financial Office and accept the annual inspection of the relevant departments. Financing guarantee companies can be shortlisted in banks and get credit according to relevant regulations, thus providing loan guarantees for units and individuals. If a credit guarantee company has obtained the business license of a financing guarantee company, it can also engage in the above business. A financing guarantee company is a third-party institution between banks and enterprises. At this time, the difference between financing guarantee companies and credit guarantee companies lies in the requirements for counter-collateral. The former generally needs full counter-guarantee, while the latter only needs partial or no counter-guarantee, which greatly solves the financing problem of small and medium-sized enterprises. However, non-financing guarantee companies cannot get bank credit in banks, which is the fundamental difference between financing guarantee companies and non-financing guarantee companies. For other differences, please refer to the relevant provisions of financing guarantee companies and non-financing guarantee companies. At present, many credit guarantee companies in society are divided into financing guarantee companies and non-financing guarantee companies. Many investment companies carry out private lending business in the name of credit guarantee companies. It is common to issue credit loans to individuals, which is characterized by attracting customers to apply for loans at low interest rates. However, with the handling fees charged by them, usury is formed, which is four times higher than the bank interest rate stipulated by the relevant departments. I hope you will be satisfied with my explanation.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.