Is the collection company allowed by the state?

As long as the collection company is established according to law, it is legal, and the collection of debts must abide by the law, and violent collection of debts is not allowed.

In China, the statutory limitation of action for creditor's rights and debts is three years, and the limitation of action is recalculated every time. However, the act of giving evidence and urging can interrupt the limitation of action.

Violent debt collection includes:

1. Calling relatives or friends in the borrower's address book without the borrower's permission, harassing for many times.

2. Threaten the borrower or relatives and friends in the address book through WeChat and SMS.

3. After the borrower is overdue, he calls for more than three times a day.

4. The borrower fails to timely collect overdue payment.

5. Expose the personal information of the borrower.

6. Collecting money from the family or work unit of the result person, causing serious damage to personal reputation.

7. After overdue, the overdue fee is higher than the overdue interest rate stipulated by the bank.

8. Induce the borrower to borrow from other platforms and return the loan from this platform.

9. Use illegal software, text messages and telephone calls to bomb the borrower's mobile phone number.

10. Pretending to be a staff member of a state law enforcement agency, intimidating the payee, violently collecting money and other illegal acts.