Why not borrow quark finance?

Because of the collapse of quark finance, some people think that quark finance is a usury scam. On August 25th, 20 18, Shanghai Huangpu Branch issued a notice. It is said that on August 2 1 day, Quaker Financial Company illegally absorbed public deposits through the online financial platform and surrendered itself.

Quaker Finance focuses on personal financial services and provides professional financial services for consumers and small and micro business owners. The management team of the company comes from a number of Chinese and foreign banks and has many years of experience in product management and risk control management of banks. At the same time, we have established close cooperative relations with various institutions, including large financial service institutions such as banks, trusts, insurance and payment companies, as well as large industrial enterprises, retail enterprises and Internet companies.

In fact, usury is what we call private lending, but the interest is extremely high. Some usurers will agree to roll interest, that is, the interest will be used as the principal to calculate the interest of the next period. In usury activities, if the high-interest loan reaches a certain amount, it constitutes the crime of illegally absorbing public deposits.