Is it illegal to harass my relatives and friends by collecting small loans?

Collecting loans harass relatives and friends and collect loans by illegal means. Violate the law.

According to "on regulating private lending behavior? Yin Bao Jian Fa [2065438]10 Notice on Matters Related to Maintaining Economic and Financial Order

5. Illegal activities are strictly prohibited.

Severely crack down on the use of illegally absorbing public deposits, disguised absorption of public deposits and other illegal fund-raising funds to issue private loans. Severely crack down on illegal means such as intentional injury, illegal detention, insult, intimidation, threat and harassment to collect loans.

Severely crack down on the behavior of obtaining credit funds from financial institutions and then lending at high interest rates. Severely crack down on students' illegal loans, loans without specific purposes or disguised loans that actually charge high interest (fees) in the name of providing services and selling goods. It is strictly forbidden for employees of banking financial institutions to carry out organized private lending as major members or actual controllers.

Extended data:

When you receive a harassing call for collection, ask the other party where the collection was made, and if possible, make a recording of the evidence.

1、? A short message from the collector

Because one of the quickest and easiest ways to collect violence is to insult and threaten the borrower through SMS, you can pay attention to making records in the process of SMS communication.

2、? Telephone recording

Now the mobile phone has recording function, so every call can be recorded as far as possible, and the follow-up can be used as evidence.

3. Imaging record

If the violent debt collectors come to the door, it is very favorable evidence that others can help record the violent debt collection behavior of the debt collectors.

Bank of China Insurance Regulatory Commission? -about regulating private lending behavior? Notice on matters related to maintaining economic and financial order