What is a financing guarantee company? How does it work?

Definition: Financing guarantee companies refer to limited liability companies and joint stock limited companies established according to law and engaged in financing guarantee business.

Operation: This is a complicated problem. Generally speaking, guarantee companies need to operate locally, and local experienced professionals (such as bank retirees) must be the person in charge or the person in charge of risk control in the place where they operate to control risks. At the same time, there must be a capable team to expand customers.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.