China has already trained about 100 debt collectors, who will be required to work under pretty strict scrutiny. Back before China made debt collection agencies illegal, violence was not an unheard of collection method. "Many debtors are so shameless," Zhao Qian, head of a debt collection company in Beijing, told The Financial Express. "You cannot get the payment through normal measures."
But that thinking leads to banning, and China hopes the newer crop of debt collectors will not fall back on old – and illegal – tactics.
Collection agencies are still illegal. The collectors will work for departments, rather than stand-alone agencies. In Beijing, there are approximately 300 companies who could find their businesses legitimate and licensed again if this early test fares well.
by Mike Bevel, CollectionIndustry.com
http://www.collectionindustry.com/item/20271/
But that thinking leads to banning, and China hopes the newer crop of debt collectors will not fall back on old – and illegal – tactics.
Collection agencies are still illegal. The collectors will work for departments, rather than stand-alone agencies. In Beijing, there are approximately 300 companies who could find their businesses legitimate and licensed again if this early test fares well.
by Mike Bevel, CollectionIndustry.com
http://www.collectionindustry.com/item/20271/