- Chief Business Intelligence
- Chief Business Intelligence
Introduction: Once with an annual income of 500 million, the collection company of the tough police has returned to the public's field of vision, and after a year of suspension of business, it shouted "complete transformation, exit the front line of collection", to "whitewash"?
In the past few years, when online loans have been in full swing, have you ever wondered why these online loan companies dare to set such high interest rates? The higher the interest rate, the easier it is for debtors to repay the money, where does their confidence in repaying money come from?
Part of the reason is credit reporting, and more importantly, the sharp knife of online loan companies - collection companies.
Yongxiong Group is a collection company that does "dirty work" for banks and financial institutions, with 17,000 employees at its peak, and when it went public in the United States in the first half of 2019, its revenue reached 515 million yuan in just half a year, and its net profit was 59 million yuan!
It is neither a financial company nor a real estate company, but the average net profit of this company between 2016 and 2018 exceeded 100 million yuan, and it can make a lot of money from debt collection, and is known as China's "king of collection"!
Since April 2023, the Anhui police have investigated several branches of Yongxiong Group and forcibly taken away 179 employees!
Yongxiong Group also hardened the police and asked the Hunan police to investigate the Anhui police, for fear that everyone would not know what umbrella it was wearing on its head!
Assets were frozen, employees fled, and the country's largest collection company went out of business until a year later with an open letter to all sectors of society.
In this open letter, Yongxiong Group announced that it will no longer engage in specific collection business, but will instead provide business consulting and assistance to other collection companies.
However, in this letter, the "smell of gunpowder" is just as strong, Yongxiong Group pointed out that the Anhui police did not care about the life and death of the company, wronged the company's employees, and flaunted themselves as "victims" on the road of legal construction, "History and the law will return our innocence"!
You must know that the Anhui police have united multiple departments to enforce the law across provinces in order to investigate this collection company, if it really has no problems, how can it be targeted by the police?
What is the origin of this audacious company, and who is behind it?
When the brutal collection "has culture"
Yongxiong Group is not an ordinary collection company.
Its founder, Tan Man, is not simple, he was admitted to Xiangtan University as the champion of liberal arts, graduated from the law major, and is a professional doctor of law!
And he already had nine years of experience in loan collection before founding Yongxiong Group.
"Hooligans are not terrible, they are afraid that hooligans are educated", the corporate background of knowing the law and understanding the law makes Yongxiong Group more aware of how to wander on the edge of laws and regulations, not only do not violate the law, but also collect "more efficiently".
After that, Yongxiong Group cooperated with the collection department of the bank and the Internet finance company, and developed rapidly, with 44.6 billion yuan in the collection of loans five years after its establishment, and the number of employees reached 17,000 at its peak.
During this period, seven of the top ten banks in the country had cooperative relations with Yongxiong, especially the development of credit card collection services, which made Yongxiong Group "China's largest credit card collection service provider".
During this period, Yongxiong's performance was brilliant, and the employees made more money than many of their peers, and the young management had cars, and the high-level people drove luxury cars, not to mention Tan Man, who was the founder and big boss.
Tan Man even shouted the slogan to make Yongxiong Group a "post-loan management bank"!
After tasting the sweetness, Yongxiong Group focused on the stock market again, wanting to quickly expand the company's scale through listing and financing.
As early as 2015, Yongxiong Group planned to land on the New Third Board a year after its establishment, and after being frustrated, it tried to secretly go public in the United States in 2018, and finally ended up without a problem.
If even debt collection companies can be successfully listed, it can only be said that the debt situation of residents on the mainland is really not optimistic.
Yongxiong Group has a big family, and in Tan Man's eyes, they are the saviors of the financial industry.
After being investigated by the police, Yongxiong Group wrote in a letter to all employees:
"Yongxiong has recovered tens of billions of yuan in losses for the financial industry, paid 1 billion yuan in taxes to the state, provided tens of thousands of jobs for a long time, trained hundreds of thousands of professionals for the industry, and contributed a lot of love to education and rural revitalization. ”
But is that really the case?
Openly forbidden but privately supporting the play of "edge ball"
As the "first brother of collection", the performance of Yongxiong Group represents the entire collection industry to a certain extent.
However, until this year, complaints against this company continued to circulate on the Black Cat platform.
Phone bombardment, address book explosion, SMS intimidation, impersonation of lawyers and judicial authorities, these common illegal collection methods have appeared in Yongxiong Group.
The collection industry is smoky, and Yongxiong, the industry leader, has really made a "good start"!
In 2016, in order to urge the bus driver to repay the credit card loan, the employees of Yongxiong Group also reported to the local police a false police, claiming that "a bomb was installed on the bus", which directly led to the implementation of traffic control on the surrounding road sections, the suspension of some buses, and the paralysis of public transportation in a large area!
How does the company manage employees who repeatedly collect in violation of regulations or even in violation of regulations?
This has to start with the business of Yongxiong Group.
The collection business taken over by Yongxiong Group is mainly credit card arrears that have been overdue for more than one year and online loans that are overdue for more than 6 months.
Banks and financial institutions have used all the sunny and legal collection methods, and they can't solve these long-overdue bad debts by themselves, so they throw the mess to a collection company like Yongxiong Group.
Banks and financial institutions can't do these things for the sake of their reputation, and the collection company is their "black glove", and the gray collection soil came into being, which has become the foundation of the development of Yongxiong Group.
It is not a "good thing" since its birth, even if Yongxiong Group advertises itself as "zero tolerance for violations of laws and regulations" and uses IT technology to do "legal remote collection", but in order to contact debtors who have been overdue for a long time and most of them have "lost contact", many times they have to play some "small means".
From the front-end transaction debtor's various information, to the back-end various "combination punches" to deal with debtors, Yongxiong's employees can be said to do everything.
The employees at the bottom are constantly "rubbing the edges" or even crossing the line, of course the company's management knows, and Tan Man, a lawyer, naturally knows how to control risks.
Yongxiong Group has specially set up a "firewall" between the company and employees, the money earned by employees is the company, and the problem of personal behavior is the problem of employees' accidents!
However, the company prohibits illegal collection on the surface, but privately it constantly hints that employees play "edge ball". According to Yongxiong's former employees,
"When the performance is not satisfactory, the leader will teach some words and give them a template for collecting text messages. ”
After the supervision became stricter, Yongxiong Group also figured out a set of "continuous bombing" collection methods, from the debtor himself to his family, friends, and colleagues were subjected to intimidation and torture by collection calls and text messages, which not only destroyed the reputation of the debtor, but also seriously harassed the debtor's relatives and friends!
What's even more infuriating is that Yongxiong's management not only instigated employees to collect gray collections, but also used various regulations to punish and detain their employees.
According to the news released by Yongxiong Group itself, the company has punished 5,167 people for violations in six years, and more than 1,000 people have been punished for violating the "three nos" system from 2020 to 2023, which shows how serious the violation of employees is!
In recent years, the supervision of collection has become tighter and tighter, the competition between collection companies has increased, the commission earned from collection has become less, the profit margin of Yongxiong Group has also declined, and the requirements for employees have become more and more stringent.
Employees are tired of working under the pressure of the company's performance, and under the "guidance" of the leader, they have gone to gray collection, and they have to be punished or even persuaded by the company for violating the rules, and the long-term telephone collection has also led to many employees having mental illness.
The work of the workers has been pressured by the company into a "pressure cooker", and if they are not careful, they will be pushed out by the company to "carry the pot", and the work of debt collection is not easy to do!
Yongxiong Group praises itself for providing 156,000 person-times for social employment issues, but when you think about it, you can feel how mobile this job is!
As a former employee said, in this environment, "80% of the collectors want to go ashore", as can be seen from the resignation of employees after Yongxiong's investigation.
However, compared with the employees of Yongxiong Company, the debtors who accidentally fell into the abyss of loans suffered more.
Violent collection of people is just a "little minion"
Some people say that collection companies like Yongxiong Group deter the formation of "old rogues" and promote social integrity.
However, if the "old guys" are determined not to repay the money, there is no way to pry some money out of them, even if they are violently collected.
What Yongxiong Group and its peers really deal with is not these "nail households" who owe money, but more honest people who can't repay the money in an accident and young people who have strayed into the trap of online loans.
In the exposed Lanzhou extraordinarily large "routine loan" case, there were more than 390,000 victims, and 89 people committed suicide because of the forced debt of the debt collection company!
This is just a case of routine loans that has been exposed, and in the most rampant years of online lending, I don't know how many people committed suicide because of violent collection, and how many middle-class families were collapsed!
The gray collection of "Yongxiong" is terrible, but they are only accomplices of online loans, and the real culprits of harm are those "unsecured and fast loans" online loan sharks.
"The end of technology is lending", and the current app is not complete without a loan service.
Taking 360 IOUs as an example, the law stipulates that the upper limit of the annual interest rate of usury cannot exceed 36%, so they card a 35.952%, and they have to knock another one from the service fee, guarantee fee and overdue fee!
Even people who don't have a loan can receive harassing phone calls and even be forced to apply!
360 IOUs continue to lure college students and young people to take out loans, changing the annual interest rate of more than 35% to a daily interest rate of 0.985%, making lenders mistakenly think that the interest rate is very low.
In order to lure more people to borrow, 360 IOUs also put out a lot of advertisements for young people;
preached the use of loans to repay loans, and even extended its claws to migrant workers who had no ability to repay loans!
What's even more appalling is that not only 360 is blatantly lending usury, but also JD Baitiao, Installment Le, WeLoan, and countless more Internet financial companies are harvesting the hard-earned money of ordinary people.
They focus on "unsecured and fast loans", but they do not look at whether the lender is able to repay, and let the collection company harass the debtor if it is overdue, and let the debt collector take the blame if something happens, and they don't have to bear a little responsibility!
Seeing this, you may wonder, why do these debtors look for online loans instead of borrowing money from banks?
So, guess who gave the money to these financial companies that put loan sharks on the Internet?
Write at the end
A grain of dust of the times is a mountain when it falls on everyone.
In the past few years, the economy has been in a downturn, employment is difficult, consumption is exhausted, per capita savings of 110,000 and residents' leverage ratio has risen, and the social reality is so magical.
The debt collection industry has existed for many years, even if the government continues to suppress it, but as long as there is demand, this gray industry will always exist, for example, it has entered the era of "legal urging", and it has changed into a new set of "mediation center" clothes and continues to do the original work.
Yongxiong Group has also changed into a new vest, but "its nature is difficult to change", it is impossible to give up collecting this big cake!
In the face of the prevalence of online loans and gray collection, everyone must be cautious, do not fall into the trap of usury, and even if you accidentally stumble, you must use appeals and the law to protect yourself!
Have you ever been violently collected? Welcome to leave your valuable comments in the comment area.
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