Have you ever seen advertisements claiming they can "eliminate bad credit records, even represent lawsuits against banks, and allow for not repaying or repaying less on loans"? Such advertising messages are indeed enticing, and some people might be tempted to give them a try. But are these advertisements credible? Today, let's analyze them thoroughly.

Many intermediary-like organizations advertise in various places, and they even list numerous successful cases, promoting that their teams can continuously help people clear their credit records and even represent them in legal battles. They claim to have knowledge of legal loopholes in banking that can help borrowers reduce the principal or interest of their loans.

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In response to such incidents, relevant authorities have likely taken notice recently, discovering a group of so-called legal professionals who, under the guise of "normal representation," are engaging in illegal activities. They charge exorbitant representation fees, but their actions are illegal. Everyone must be extremely cautious not to be deceived!

So, what illegal methods do these "black intermediaries" use? Let's take a good look at them:

First, they forge evidence. To achieve their so-called representation goals, they package and fabricate reasons and evidence through a series of maneuvers, provide litigation templates, and even teach their clients how to entangle with banks and other financial institutions. They exploit the institutional loopholes of banks, using complaints, disturbances, petitions, and lawsuits to force financial institutions to agree to their terms.

Second, they package themselves. They use a series of false materials to fully package their team, claiming to have professional legal services, numerous successful cases, creating high-end promotional materials, and advertising through various channels. In reality, when you try to contact them for business, they might not even have a decent office location. It's purely for the sake of fraud to confuse everyone.Third, some claim that they will not charge if unsuccessful, but in reality, when you contact them, they demand a deposit of thousands or even tens of thousands of dollars. After going through all the hassle, it's possible that the matter is not resolved, and in the end, you might not even be able to find the person.

Fourth, they cleverly exploit information gaps. In recent years, due to special circumstances such as the pandemic, regulatory authorities and many banks have introduced policies like deferred repayments to address difficulties in repayment. However, some intermediary companies take advantage of these policies to help clients handle business that could be directly managed at the bank, yet they charge exorbitant service fees. While such practices are not illegal, they still cause many friends to lose a significant amount of money unnecessarily.

In addition to the above behaviors, criminals also use many illegal methods to defraud people's money. In the end, not only is the matter not resolved, but a considerable amount of money is also lost, which is truly not worth it. It is better for everyone to be cautious.

In fact, the emergence of illegal black intermediaries has been intensifying in recent years. Their presence greatly disrupts the normal financial order, encourages the behavior and atmosphere of debt evasion, and occupies the normal rights protection channels provided by banks and regulatory authorities. They have gradually become a "cancer" that disrupts the normal credit market. In recent years, public security organs and regulatory authorities have been increasing their efforts to crack down on them.

Apart from disrupting the normal financial order, these black intermediaries, driven by profit, may also leak customer information, cause damage to customers' credit by refusing repayment, increase credit stains, and lead to many subsequent obstacles and other adverse consequences.

Therefore, it is hoped that everyone must stay away from "black intermediaries" and not easily believe in information such as "agency rights protection," nor should they spread it or even engage in such an industry, ultimately going astray.

In summary, in recent years, as banks operate and the external environment continues to change, they are also constantly transforming and developing. In our daily lives, the opportunities to deal with banks will also increase. In this process, it is inevitable to have some unpleasant experiences. However, when encountering such experiences, everyone should still protect their rights reasonably, strive for their legitimate rights and interests through normal channels, and never think about taking shortcuts, which could ultimately lead to greater losses.

Have you heard of such "black intermediaries"? Do you believe they can get things done?Welcome to everyone to interact in the comments section, let's explore together.

That concludes all the content for this episode. If you have any other topics in the area of finance and wealth management that you would like to learn about, please leave a message for me.