One of the common routines is to take advantage of the plight of blacklisted customers, apply for loans from banks by providing loan agency services, and then ask customers to pay high fees and interest. In this case, the customer may eventually have to bear high debts, while the lending company has gained illegitimate interests.
Another routine is that the loan company conceals or changes important information during the loan process to ensure the approval of the loan, and then asks the customer to pay high handling fees and interest.
Therefore, if your friend is considering applying for a loan through a loan company, it is best to consult a professional financial institution or lawyer to ensure that it is safe and legal.