What qualifications do you need to do debt trading business?

To be effective, the following conditions must be met: 1. The transferred creditor's rights are legal and valid; 2. Creditor's rights can be transferred according to law; 3. Notify the debtor of the assignment of creditor's rights.

Legal basis:

People's Republic of China (PRC) Civil Code

Article 130 Civil subjects shall exercise their civil rights according to their own wishes without interference.

Article 132 A civil subject may not abuse civil rights to harm the national interests, social public interests or the legitimate rights and interests of others.