Debt collection companies mainly collect debts for customers or institutions such as banks, finance companies or credit card companies. In Hong Kong, it is called debt collection company. Another more elegant name is debt collection company, credit management company and asset management company. Some credit bureaus in Taiwan Province Province also provide debt collection services.
These activities are not necessarily carried out legally; However, due to the difficulty of proof and the government's unintentional or ineffective supervision, these institutions still exist and many new companies have emerged.
His content
The income of "debt collectors" is calculated on the basis of basic salary plus commission, that is to say, more work pays more. The calculation of commission is limited to the successful recovery of debt by the debt collector, and the commission will be paid. The commission depends on the difficulty. This indirectly encourages "debt collectors" to collect debts illegally.
When the debt collection company receives the debtor's information and the amount owed, it will first call the debtor, send a letter to inform the debtor to collect debts, and visit the debtor's address or work place to collect debts. Some debt collection companies will employ people with triad background or hooligans as "debt collection commissioners" to collect debts by intimidation, abuse, harassment of debtors and destruction of debtors' property, causing nuisance to debtors, their relatives and friends, and even threatening personal safety.
When the debt collection company receives the debtor's information and the amount owed, it will first call the debtor, send a letter to inform the debtor to collect debts, and visit the debtor's address or work place to collect debts. Some debt collection companies will employ people with triad background or hooligans as "debt collection commissioners" to collect debts by intimidation, abuse, harassment of debtors and destruction of debtors' property, causing nuisance to debtors, their relatives and friends, and even threatening personal safety.