What Are Third Party Debt Collectors?

A debt collection company is a company set up specifically to collect debts from certain institutions or individuals. Some of these companies often use drastic measures to urge business. On October 29, 2012, many banks in Nanjing publicly acknowledged that they cooperated with third-party debt collection companies to collect debts from citizens during their work review activities. The bank's management system and personal integrity issues once again became the focus of public attention.

Debt collection company

A debt collection company is a company set up specifically to collect debts from certain institutions or individuals. Some of these companies

Debt repayment is justified, and if you have money, you will pay it back!

@ FarFarAway000: I might hate people who do nt pay back more than the illegal channels of banks.

@ : To use an old saying, owe debts and pay money, justified. The jurisprudence is ruthless, the world is affectionate, and the money is paid back.

@ HH: Not at a very serious stage, banks generally do not outsource debt collection services to other companies, after all, banks will also lose a part of this. Indignant citizens can look at the faces of some debtors, half the responsibility. ^[1]

From this perspective, banks entrusted debt collection companies to recover their debts have their own helplessness. If the whole society can form an atmosphere where everyone speaks of integrity and keep promises, and reduce the number of debtors; if the law can increase the recovery and punishment of debtors, so that most people dare not arbitrarily debt, Banks will not risk risking being questioned or even illegal, and abandon legal channels to choose debt collection companies. Therefore, to avoid the root cause of debt collection entrusted by banks, it is to form a good atmosphere of integrity and integrity in the whole society. At the same time, it is necessary to further improve laws and regulations and increase the pursuit of debtors. Discuss and punish the intensity.

Of course, in terms of the bank's improper debt collection, the bank itself is not without responsibility. According to the bank's own account, the biggest debt to bank customers at present is credit card overdrafts. One of the big reasons why people who hold bank credit cards become the bank's main debtor is that banks do not properly screen customers when they issue credit cards, but instead pursue more quantity and better marketing in order to complete tasks. Strategy. As a result, many low-income, high-spending groups have also become bank credit card customers. This group of people is often the easiest person to become a credit card overdraft but unable to pay their debts.

In July 2018, all major technical secondary schools have successively taken summer vacations. However, some students owed huge amounts of "campus loans" while at school. Many people borrowed only 6,000 yuan from the beginning to "snowball" profits, and their debts even exceeded one million yuan. Recently, the Shenzhen police detected a fraud gang that scammed more than 300 students, involving more than 10 million yuan. When a suspect is defrauding, the borrower is tested and selected first. Those who exceed their ability to pay and have bad and extravagant spending habits are most likely to be the target of fraud ^[3] .