Category Archives for "News on debt collections in Singapore"

Take the Best Course for Undermined Small Claims

Take the Best Course for Undermined Small Claims

Debts, in themselves, are difficult to collect on—a fact everyone generally recognises. However, collecting on small debts, in particular, seems to be more difficult, somehow. It is true that bigger debts tend to carry heavier accountability for debtors. These debts are covered by the jurisdiction of higher courts, which tends to instil fear and urge…

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  • May 17, 2017

Best Ways to Recover Debts in Singapore

Debt collection can be considered as one of the most difficult jobs a person can do. Why? Not only because debtors need the money for urgent, personal uses, but for various other reasons which delay payment. This goes for individuals as well as for companies. Most of these reasons are well-worn and just as well-rehearsed,…

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  • April 13, 2017
Effective debt collection in Singapore

Effective debt collection in Singapore

Effective debt collection in SingaporeDebt collections in SingaporeIn this day and age, a growing number of debtors are absconding from their debts. Whether you’re an individual, an SME or a big corporation like a bank, let’s face it, the number of recalcitrant debtors is like a viral disease spreading with no visible signs of improvements. So…

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  • December 18, 2016
know your rights when debt collectors start knocking

Knowing your rights as a debtor

Knowing your rights as a debtor when debt collectors starts knocking on the door These days, more companies and individuals are resorting to debt collection agencies to recover what is owed to them. Professional debt collectors are legal entities engage by creditors to recover any unpaid or outstanding debts. While they are empowered with certain…

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  • October 6, 2016
Does debt collection affect your credit score?

Does debt collection affect your credit score?

​Does debt collection affect your credit score?Before we answer that question, it’s first important to understand what is a credit score. Basically, it is a parameter banks or loan companies utilizes to assess the “credit-worthiness” and their “risks of debt recovery” when disbursing a loan to you. In the case of banks, it’s usually tabulated…

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  • August 14, 2016
5 steps to being debt free

5 magical steps to being debt free

Five magical steps to becoming debt freeDid you know that Credit Counselling Singapore will be expanding its coverage to offer services of a centralised repayment solution for debtors? Soon debtors will have an avenue to rely on for a reliable entity to offer debt consolidation service. This will be moving one step towards being debt…

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  • August 1, 2016