Is it legal to accept the company?

There are several ways to recover the arrears: negotiation and settlement, mediation, arbitration, litigation, application for payment order, application for execution first, application for compulsory notarization, priority for compensation, and guarantor's priority for recovery. However, it is illegal to collect the company. The power of attorney for the debt collection company has no legal basis, and lacks the authority and administrative coercive power entrusted by law. In order to collect high remuneration, some collection companies use improper means such as threats, intimidation, cajoling, extortion, etc., and even kidnap hostages to engage in illegal and criminal activities such as violence endangering personal safety. The existence of collection companies not only disturbs the normal production, work and life order of enterprises, institutions and citizens, but also endangers social order, encourages illegal debt collection activities underground and causes adverse effects in society.

Legal basis: Article 1 of the Notice of the State Economic and Trade Commission, the Ministry of Public Security and the State Administration for Industry and Commerce on Banning Various Debt Collection Companies and Combating Illegal Debt Collection Activities: All kinds of debt collection companies are banned, and any unit or individual is prohibited from starting any form of debt collection companies. Those who continue to engage in illegal debt collection activities and infringe upon the legitimate rights and interests of citizens, legal persons and other organizations should be resolutely punished according to law.

Article 2 of the Notice of the State Economic and Trade Commission, the Ministry of Public Security and the State Administration for Industry and Commerce on Banning Various Debt Collection Companies and Severely Cracking Down on Illegal Debt Collection Activities: The industrial and commercial administrations at all levels should strengthen supervision and management, and refuse to approve and register enterprises that apply for debt collection business; For enterprises engaged in debt collection activities in the name of consulting services and entrusted agents, their business licenses should be revoked according to law; Unregistered debt collection companies will be resolutely banned once they are discovered.