Is it legal for debt collection companies to collect debts?

1. The state does not allow debt collection companies to exist, and their debt collection behavior is illegal;

2. According to the laws of our country, the result of the trustee's behavior shall be borne by the principal. If the company is entrusted to collect debts, you shall be responsible for the damage caused by the company in the process of collecting debts. From a legal point of view, it is not recommended to entrust a debt collection company to collect debts.

3. The state has issued a document prohibiting it for three times. In 1993, the State Administration for Industry and Commerce issued the "Notice on Stopping the Registration of Debt Collection Companies Submitted by Organs under the Public Prosecution, Law and Division".

It is explicitly required that the industrial and commercial administrations at all levels should immediately stop the registration of debt collection companies and similar enterprises that have been applied for by public, procuratorial, legal and departmental organs; For those who have registered, the administrative authorities for industry and commerce at all levels shall notify them to immediately stop the "debt collection" business.

Extended information:

Consequences of asking a debt collection company to help in debt collection:

1. Violent means of debt collection, driving into the debtor's vehicle, then smashing the window with a bat, and causing damage to the rear of the car, doors and other places, and the debt collector will be punished according to law.

2. Informal debt collection companies lack the administrative coercive power given by law, so they may collect debts through improper means, such as threatening and blackmailing debtors, and using illegal means to harm the personal safety of debtors, and some acts even constitute crimes, resulting in serious consequences. For example, the "mother-humiliating murder case in Liaocheng, Shandong Province", which once caused a sensation throughout the country, was caused by illegal debt collection.

3. Some debt collection companies will stipulate when signing the entrusted debt collection contract that if there is an act of force, it has nothing to do with the client. But this can't clear the suspicion of "causing harm to debtors due to illegal debt collection". At the same time, due to the relativity of the contract, the agreement in the contract only binds both parties to the contract, but not those outside the contract.

People's Daily Online-Find a debt collection company to help the debt collectors, and change the situation that the debtors are being paid.