5 1 credit card founder apologizes for pretending to be a state organ for violent collection. At the beginning of this incident, someone failed to repay the loan, so the outsourcer of the May 1 credit card pretended to be a state organ and threatened the repayer with soft violence. Finally, the repayer committed suicide because of the pressure. The founders of May 1st Credit Card apologized because they didn't do a good job of supervision, which led to the outsourcing company's excessive behavior towards borrowers.

At first, many police cars and policemen came downstairs from Wuyi Credit Card Company to investigate Wuyi Credit Card Company. Later, Wuyi Credit Card Company entrusted an outsourcing collection company to collect money, and a series of things happened. At that time, outsourcing companies pretended to be state organs and used soft and violent means such as intimidation and harassment to collect debts from borrowers. They are suspected of making trouble. This incident had a great impact on the May 1 credit card company, which plunged them into the whirlpool of the storm.

Subsequently, the founder of Wuyi Credit Card publicly apologized, saying that the storm was caused by poor management, lack of training and insufficient supervision in outsourcing cooperation with Wuyi Credit Card Company, which led to some excessive behaviors when the outsourcing company communicated with the borrower, causing certain harm to the borrower.

For the future business activities of Wuyi Credit Card Company, the founder said that he would consciously accept the guidance of the government, and then strictly follow the operating rules of listed companies to implement all aspects, and strictly put an end to cooperation with all irregular third parties. This incident also had a great impact on the stock market of 5 1 credit card company. Their share price plummeted that day, hitting a new low since listing. Later, the company suspended trading urgently.