It is illegal to entrust a debt collection company to collect debts. Article 1 of the Circular of the State Economic and Trade Commission, the Ministry of Public Security and the State Administration for Industry and Commerce on Banning All Kinds of Debt Collection Companies and Cracking Down on Illegal Debt Collection Activities stipulates that all kinds of debt collection companies shall be banned, and any unit or individual shall be prohibited from running any form of debt collection companies.
[Legal Basis]
Article 1 of the Notice of the State Economic and Trade Commission, the Ministry of Public Security and the State Administration for Industry and Commerce on Banning All Kinds of Debt Collection Companies and Cracking Down on Illegal Debt Collection Activities: Banning All Kinds of Debt Collection Companies;
It is prohibited for any unit or individual to establish any form of debt collection company. Those who continue to engage in illegal debt collection activities and infringe upon the legitimate rights and interests of companies, legal persons and other organizations shall be resolutely punished for corruption.
