MANAGE DEBT COLLECTORS

When your repayments pile up and you start ignoring the letters the inevitable next step is debt collectors visiting your homes and workplaces.
Some debtors fear the debt collectors as their family or loved ones will then find out about their financial situation. Others want to avoid the embarrassment caused by their neighbours or colleagues finding out about their debts.
There are different type of debt collectors in Singapore and they are governed by several laws. It is important to know which type of debt collectors you are dealing with, what they are permitted to do by law to recover debt and also your rights as a debtor in order to manage the debt collectors that visit you.