Debt Collection Articles

December 18, 2020

Is Debt Collection Legal in Singapore?

Is Debt Collection Legal in Singapore? With the growing need for money among people in Singapore, there has been an increased uptake of both personal and business loans. Repeated delays in making payments have resulted in debt collection agencies standing up for the same for recovery. Some years back, debt collectors in Singapore could bang gates, cut off water and electricity supply for loan defaulters. Due to these cases, there were calls to impose legislation to start regulating the debt collection process. The regulations put in place provided a good foundation on how debt collectors should conduct themselves while not […]
December 2, 2020

What Happens if I ignore a Debt Collector?

What Happens if I ignore a Debt Collector? Ignore the debt collector at your own peril, as the truth is they will always be a step ahead of you. Debt collection is a business, and once you are in their hands, they will pursue you until they get an outcome, and it probably won’t be a good outcome for you. What is a Debt Collector? A debt collector is a professional Recovery Agent who usually gets paid based on results. If someone owes you money, and you are not getting any results when sending bills, and phoning them it is […]
October 21, 2020

7 Qualities of a Good Debt Collector

What are the 7 qualities of a good debt collector? Hiring the right debt collection agency will increase your odds of recovering defaulting debts. Investing in an experienced and reputable debt collection firm will give you peace of mind, thus improving your concentration on other fruitful projects. The primary objective of a debt collecting agency is to recover debt whereas your main goal is to maximize profit. Therefore, avoid the do it yourself approach because you lack relevant skills and experience. Delinquent debts can reduce your rate of production in the long run. Choosing the right debt collection company is […]
September 5, 2020

What Is The Role Of A Debt Collector?

Wondering what is the role of a debt collector? Business owners should consider hiring a reputable debt collection agency. Recently, due to stiff competition in this industry, it’s essential to hire a debt collector with a valid license and insurance cover. In addition, consider hiring a debt collection firm with more than five years of experience and reputation. The right debt collector will ensure you recover bad debts on time. This is essential because you’ obtain enough capital to expand your business. Avoid the do it yourself approach because there are essential guidelines to adhere to in the debt collection […]
August 17, 2020

Why Hire Us As Your Debt Collector Company?

Consistent debt collecting will help you expand your business. Based on the facts, not all clients are reliable. Therefore, you should expect bad debts. Regular debt collecting requires a lot of time. Why hire us as your debt collector company? It’s a great idea to hire a professional debt collector company in Singapore. An expert debt collector will save time, thus giving you peace of mind. In turn, this will increase your concentration in running your business. You’ll, therefore, attain a competitive advantage in your industry. You should collect your debts early to avoid challenges in the future. A debt […]
July 8, 2020

Effective Strategies For Debts Collection

Before knowing your level of productivity in your business every day you should first think thoroughly about it. You should know the real meaning of productivity as a business is concerned. Productivity is the process where a person can efficiently have inputs converted to very useful outputs. So when considering your business productivity in debts collection terms, productivity means ensuring the processes of changing business invoices to cash is successful. When you call your clients on matters concerning settling disputes, overdue invoices, giving the customer a way forward for a payment plan, among others, those are not the productivity levels […]
July 8, 2020

Tips For Debt Collection

For the business to continue growing, there must be the best debt collection agency to be involved in collecting the debts. However, before thinking of looking for these agencies, when your business is small, you can try raising the debts by yourself since your business might not afford to pay the agency for collecting your debts. When you engage yourself with collecting the debts from your customers, there are essential things you should be aware of. When you learn these tips, you will understand and know better how to handle all your customers who owe you. With that, you will […]
July 8, 2020

Strategies And Stages Of Debt Collection You Need to Know

Do you have any debt which is overdue? Have you encountered financial difficulties? Whatever the situation, it doesn’t how you’ll get ahead. In this article, we will address the debt Collection stages and Strategies actions. Requests for PaymentIf you don’t recognize the debt or you dispute the amount, you may ask the creditor to provide proof that this is your debt and proof of the amount. Sometimes the creditor has purchased your debt from the original creditor and may have difficulty proving either or both. If so, this may get them to go away. If the creditor can’t substantiate that […]
July 8, 2020

How To Choose The Right Debt Collector Company?

Hiring a good debt collector company is very important for a lending business as it can increase the amount of debt collected and returned to you to a maximum level. While collecting debts and reporting to you the collector company should use transparent methods so that a positive relationship with your clients can be maintained in a positive environment. Some tips are provided here under to help you in selecting a right debt collector company for your business.Consider not only initial cost but total ROI alsoSome businesses consider only the percentage charged by the collector agency while hiring them, which […]
July 8, 2020

Some Debt Collection Strategy to Help Your Business Grow

The companies that use effective debt collection strategies have the greatest successes. Thanks to this, they can know that bills are paid and the outstanding amount is settled. It improves cash flow for the company. While it is a good idea at any time, it is important to review your loan recovery strategies, especially in difficult financial times, and make sure that you really get the desired result. External debt collection agencies are professionals and use proven methods to get effective results from previous bills. Here are some Debts Collection strategies:Reminder Telephone CallsCalling the former account owner by phone is […]
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