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Debt recovery singapore
Debt recovery singapore
What do you think of when you hear the words “debt collector”?
Thanks to negative portrayals in popular movies, books, and other media, the process of debt collection has become more and more stigmatized. A typical Singaporean may fear the idea of debt collectors violently banging on their door and demanding money. You may imagine debt collectors as thugs, riddled with tattoos and threatening you with loud voices or bodily harm. Luckily, this is far from reality!
Instead, Singaporean debt collecting agencies like JMS Rogers are filled with compassionate and empathetic employees dedicated to helping innocent people recover their funds.
JMS Debt collectors in Singapore aren’t thugs—they’re professionals who understand how difficult life can become when debtors refuse to settle up.
These experts are systematic, dedicated, and smart about how they retrieve money for their clients. They’re familiar with the law and understand fully how they can work within Singapore’s legal system to recover the funds that rightfully belong to you.
Curious about how these practiced debt collectors get the job done? They make it look easy by generally following the steps below. See? This process seems perfectly logical and professional, right? No violence or intimidating behavior in sight!
If you still harbor nervous feelings regarding debt collection, or if the horrible reputation of unlawful debt collectors continues to worry you, fear not! Just as debt collectors hold debtors accountable for their actions, there are other entities who hold debt collection agencies accountable, too.
JMS
Singaporean debt collectors are subject to laws, regulations, and codes of conduct which prevent them from taking harmful actions against debtors. Acting as the voice and representative of debt collection agencies throughout the country, the Credit Collection Association of Singapore (CCAS) was founded in 2013 to set and uphold a standard of practice amongst debt collectors.
The CCAS has published a Code of Conduct and Practice to encourage regulation and professionalism throughout the credit collection industry—those who don’t comply with the conduct described are subject to disciplinary action.
Additionally, debt collectors in Singapore are also held to the basic confines of Singaporean law, meaning that actions including stalking, vandalism, intimidation tactics, and physical force are strictly prohibited. JMS
As a result of Singaporean law and the Code of Conduct and Practice published by the CCAS, a number of actions can land debt collectors in legal trouble. These regulations ensure that debt collectors cannot:
Inflict injury (or harbor the intent to cause physical harm) Intimidate debtors with foul language or physical gestures and actions Vandalize the property or businesses of debtors—this includes the public posting of collection notices or banners on outdoor walls and at the debtor’s place of employment Ganging up on a debtor for the purpose of harassment or intimidation, an action legally referred to as “unlawful assembly.”
READ MORE : Debt recovery singapore
What do you think of when you hear the words “debt collector”?
Thanks to negative portrayals in popular movies, books, and other media, the process of debt collection has become more and more stigmatized. A typical Singaporean may fear the idea of debt collectors violently banging on their door and demanding money. You may imagine debt collectors as thugs, riddled with tattoos and threatening you with loud voices or bodily harm. Luckily, this is far from reality!
Instead, Singaporean debt collecting agencies like JMS Rogers are filled with compassionate and empathetic employees dedicated to helping innocent people recover their funds.
JMS Debt collectors in Singapore aren’t thugs—they’re professionals who understand how difficult life can become when debtors refuse to settle up.
These experts are systematic, dedicated, and smart about how they retrieve money for their clients. They’re familiar with the law and understand fully how they can work within Singapore’s legal system to recover the funds that rightfully belong to you.
Curious about how these practiced debt collectors get the job done? They make it look easy by generally following the steps below. See? This process seems perfectly logical and professional, right? No violence or intimidating behavior in sight!
If you still harbor nervous feelings regarding debt collection, or if the horrible reputation of unlawful debt collectors continues to worry you, fear not! Just as debt collectors hold debtors accountable for their actions, there are other entities who hold debt collection agencies accountable, too.
JMS
Singaporean debt collectors are subject to laws, regulations, and codes of conduct which prevent them from taking harmful actions against debtors. Acting as the voice and representative of debt collection agencies throughout the country, the Credit Collection Association of Singapore (CCAS) was founded in 2013 to set and uphold a standard of practice amongst debt collectors.
The CCAS has published a Code of Conduct and Practice to encourage regulation and professionalism throughout the credit collection industry—those who don’t comply with the conduct described are subject to disciplinary action.
Additionally, debt collectors in Singapore are also held to the basic confines of Singaporean law, meaning that actions including stalking, vandalism, intimidation tactics, and physical force are strictly prohibited. JMS
As a result of Singaporean law and the Code of Conduct and Practice published by the CCAS, a number of actions can land debt collectors in legal trouble. These regulations ensure that debt collectors cannot:
Inflict injury (or harbor the intent to cause physical harm) Intimidate debtors with foul language or physical gestures and actions Vandalize the property or businesses of debtors—this includes the public posting of collection notices or banners on outdoor walls and at the debtor’s place of employment Ganging up on a debtor for the purpose of harassment or intimidation, an action legally referred to as “unlawful assembly.”
READ MORE : Debt recovery singapore