It is legal for banks to employ a third party to collect debts, but they cannot collect debts by illegal means. Banks entrust social debt collection companies to collect debts. On the one hand, they are suspected of leaking personal information and privacy of bank customers. On the other hand, these social debt collection companies often use harassment, intimidation and even violence to seriously infringe on the legitimate rights and interests of the parties.

Debt collection refers to debt collection activities mainly aimed at customers or banks, credit card companies and other institutions. It is a debt collection company, and another more elegant name is collection of accounts, credit management, asset management company and so on. Some credit bureaus in Taiwan Province Province also provide debt collection services.

Countries that expand information have banned it three times. 1993, the State Administration for Industry and Commerce issued the Notice on Stopping the Registration of Debt Collection Companies Submitted by Public, Procuratorial, Legal and Ministry Organs, explicitly requiring industrial and commercial administrations at all levels to immediately stop the registration of debt collection companies and similar enterprises submitted by public, legal and Ministry organs; For those who have registered, the administrative authorities for industry and commerce at all levels shall notify them to immediately stop the "debt collection" business.

1995, the Ministry of Public Security and the State Administration for Industry and Commerce issued a notice prohibiting any unit or individual from setting up debt collection companies. The circular stipulates that the administrative department for industry and commerce shall clean up the registered companies and enterprises engaged in debt collection business and notify them to apply for cancellation or change of registration. Failing to comply with the provisions of this notice, the administrative department for industry and commerce shall revoke its business license.

In 2000, the above two departments banned all kinds of debt collection companies again, and prohibited any unit or individual from setting up any form of debt collection companies. In 2002, the Trademark Office of the State Administration for Industry and Commerce adjusted the scope of trademark classification registration, and emerging service industries such as "detective companies" and "private bodyguards" appeared in the newly promulgated Division Table of Registration of Trademarks for Goods and Services, but debt collection companies were still prohibited.

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