Because private small lending institutions are short of funds, there are many lending companies behind them to support funds. If a loan is not recovered within the specified time, it is equivalent to a loss for the lending institution. Therefore, the collection methods of many small loan institutions are more violent, which also makes many borrowers miserable.
When a borrower applies for a bank loan and wants to negotiate, he can try to contact the bank and appeal without going through an intermediary. As long as the borrower can express a strong willingness to repay and come up with a feasible repayment plan acceptable to the bank, the purpose of negotiating repayment can actually be achieved.
Many intermediaries adopt the practice of asking borrowers to go to the hospital to issue a certificate of serious illness, then go to the bank to apply for a non-malicious overdue certificate, and then negotiate repayment. Once the lender finds out, not only the bill needs to be returned immediately, but the borrower is also likely to be sued in court. Overdue bills are generally civil cases. If borrowers seek these intermediaries to cheat financial institutions maliciously, it may become a criminal case with very serious consequences.