Legal analysis: it is illegal. At present, debt collection companies and debt collectors will not be registered and licensed; The Ministry of Labor and Social Security also claims that debt collectors are not recognized by the state. It is forbidden to lend at high interest rates, and the loan interest rate shall not violate state regulations. The emergence of debt collection companies reflects many social problems. For example, those enterprises that default on their debts go to debt collection companies instead of going to court, which obviously lacks legal awareness; Punishing those enterprises that are still in debt after the court decision involves the law enforcement ability of the judicial organs. The more prosperous private debt collection companies are, the more it shows that there is a problem with social norms.
Legal basis: Article 680 of the Civil Code of People's Republic of China (PRC) prohibits high-interest lending, and the lending rate shall not violate the relevant provisions of the state. If there is no agreement on the payment of interest in the loan contract, it shall be deemed that there is no interest. If the loan contract does not specify the payment method of interest, and the parties cannot reach a supplementary agreement, the interest shall be determined according to the local or the parties' trading methods, trading habits, market interest rates and other factors; Loans between natural persons are regarded as interest-free.