1. According to relevant statistics, as of May 2020, the non-performing loan rate of China's banking industry has exceeded 2%, and the bad debt rate of the online lending industry is as high as 12%, both of which are at record highs. This has also led to the development of the collection industry. As of the first half of 2020, there were 10,200 collection-related enterprises in the country, with more than 300,000 people engaged in collection. The huge collection market has also created many excellent enterprises, such as Hunan Yongxiong, "China's largest collection service provider". Currently, the total amount of overdue loans in collection is 44.6 billion yuan, and the operating income of 515 million yuan in the first half of 2019 alone is higher than the profits of many financial companies. Collection is a profitable industry. Not only do the companies make money, but so do the employees. Generally speaking, the percentage of commission charged by the employees is 10%-30%, and some overdue commissions can reach 50%-70%, and even some bad debt commissions can reach 90%. Some newcomers, although the first month can not get much commission, but skilled can take two or three million commission, call back 100,000 large debt, some people can earn hundreds of thousands of dollars a year.
2. However, under the profiteering, violence also occurs from time to time, resulting in many tragedies. in April 2017, a sophomore girl in Xiamen owed a huge 570,000 yuan due to rolling interest on online loans. The debt collector not only called crazy to collect the debt, but also sent her nude photos to relatives. Finally, the girl chose to commit suicide by burning charcoal.In July 2018, in a rented house in Longhua District, Shenzhen, 24-year-old Zhong was found to have committed suicide by drug use. After Zhong committed suicide, his family still received a large number of collection text messages and phone calls.Since 2019, the collection industry has been strictly regulated, and the relevant departments have vigorously cracked down on violent collections.In April 2019, the Ministry of Industry and Information Technology (MIIT) rectified and standardized violent collection, especially the telephone collection method; in December 2019, the central bank issued the "Measures for Implementing the Protection of the Rights and Interests of Financial Consumers by the People's Bank of China (Draft for Public Opinion)", which imposes a number of restrictions on collections with a number of restrictions; on June 28, 2020, the Criminal Law Amendment (11) was submitted to the Standing Committee of the National People's Congress (NPC) for deliberation, which accurately characterized illegal debt collection behavior for the first time. For the entire collection industry, this is like a reshuffle, eliminating a large number of violent collection companies, greatly weakening the fighting force of the collection industry.