The credit card repayment entrusting party means that the bank transfers the collection right of credit card arrears to a third-party collection agency.

collection agencies are responsible for contacting credit card holders and urging them to repay on time. Collection agencies can communicate with debtors by telephone, SMS and email, and take appropriate legal measures to recover the arrears. Entrusting to a third-party collection agency can help banks focus on their core business and improve the efficiency of debt collection.