Is Jiangsu Runrong Collection Legal?

No, it is illegal to take over the company. There is no legal basis for the collection company to accept the power of attorney account to collect debts, and it lacks the authority and administrative coercive power given by law. Collection companies forcibly collect debts from debtors by threats, intimidation, cajoling, extortion and other improper means, and even kidnap hostages, and carry out illegal and criminal activities such as violence endangering personal safety in order to collect high remuneration.