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Analysis on the Protection of Debtor Rights and Interests of U.S.Third-party Debt Collection
Author(s): 
Pages: 18-21
Year: Issue:  8
Journal: Xi'an Finance

Keyword:  third-party debt collectionprotection of debtor rights and interestsfinancial consumer protection;
Abstract: The importance of the Third-party debt collection industry is increasingly prominent with the increase of China’s banking bad debts and the development of service outsourcing. At present, the practice that banks entrust debt collection companies to collect bad debts is increasingly common, but the debt collection industry development in China is still not standardized so that the debtors’ legitimate rights and interests are often violated. The paper introduces the latest development of U.S. third-party debt collection industry(personal), analyzes its practices and characteristics of strengthening the protection of the debtors rights and interests so as to provide reference for China to promote the standardized development of the third-party debt collection industry and the protection of debtor rights and interests.
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