The process of debt recovery is unique to each situation, but the client will always advise on the course of action depending on the loan status. Some loans may require hard collection where you take legal action while others may require soft collection where you use Singapore debt collection service other than going to the [...]
Lending money to people can at times be difficult even when we want to give a lending hand. There are several reasons why people get into debt, most of them may be honest and sincere and others just have poor money habits. Getting the money back is the major issue and when it gets challenging [...]
Sometimes people do borrow money to turn their fortune but come into debt. There must be various reasons for the borrower to come to debt, which is a prevalent scenario in Singapore. In this situation, the debt collector of Singapore plays an essential role. These are the group of people that follow the legal procedure [...]
Debt collection in Singapore is bound by a specific code of conduct. Being said that, debt collection is not equal to having a law in place. Thus, it is crucial to know what debt collectors can or cannot do. What is the Debt Collection Code of Conduct? For starters, the Credit Collection Association of Singapore [...]
Regaining money from your customers can act as an arduous task. You need to invest time and energy to persuade them to receive your delinquent receivables. Besides, investing your internal workforce for debt collection is not always successful. With a lack of area expertise and unawareness of the legal implications, they do not have the [...]
With the current global economy dropping due to the pandemic, many people and businesses across the world are facing numerous losses. People are now taking loans from family, friends, loan sharks, and banks to help them get through these economically tough times. The situation is not getting better and you find yourself stuck taking a [...]
