A dedicated team that delivers a seamless Debt Collection and Credit Management experience for your business in Singapore.
Debt collection is one of the most important services any company requires to maintain healthy finances. Conducting a small business or a large corporation in Singapore can be challenging when handling outstanding debts. This is where IFC – Info Capital, a licensed debt collector in Singapore, plays a crucial role in streamlining the process professionally and keeping it in line with all legal procedures. We are going to answer questions like, why a collection of debt is important, how to find the best debt collector in Singapore, and the benefits of hiring a licensed debt collector like IFC – Info Capital to manage your debt recovery needs.
A licensed debt collector approaches the process in a very systematic manner while ensuring that recovery complies with the law. Here’s an overview of how a professional debt collector handles the process:
This process of collecting debt is initiated through proper appraisal of the outstanding amount. The professional debt collector in Singapore will then test the amount collected and try to study the payment history of the debtor along with the recovery processes previously done.
Collection of Debt can be a matter of negotiation in most cases. In this case, a licensed debt collector will sit down with the debtor to solicit the terms of payment and he or she will then make a settlement or payment proposal. This approach ensures that taking matters to court is avoided while recovering one’s funds.
They may require legal action if the debtor declines to respond to your efforts or even declines to comply. The best debt collector in Singapore can start through legal proceedings: This can include drafting a formal demand letter, filing a lawsuit, or even a court order.
Upon judgment given in your favor by the court, the licensed debt collector would make every effort to collect the judgment from the debtor.
At IFC, we manage and safeguard data that help businesses lend responsibly in the most transparent and efficient way. With over 20 years of local and overseas knowledge, the use of data analytics and our integrated system with real time updates, we have consistently ensured successful collections.
IFC is a leading provider of Business Debt Collection and credit management services for SMEs, large corporations, and personalized collections. We have since achieved successful collections for companies in the electronics, petrochemicals, trade, finance, and business services sectors.
Hiring a professional debt collector in Singapore has advantages for organizations interested in recovering overdue payments. Here are a few benefits:
A registered debt collector offers detailed knowledge and experience. Whether you are dealing with a small consumer debt or complex corporate debt, they will know how to approach the situation professionally and effectively.
Collection of debt can consume a lot of time, especially if you handle it in-house. A professional licensed debt collector in Singapore saves your precious time and energy.
A licensed debt collector in Singapore ensures that the collection process is handled professionally, protecting your business’s reputation. Its efforts are conducted respectfully, ensuring that relationships with clients or customers are not damaged in the process.
Debt collection is important for any firm to maintain its financial health. By hiring a bad debt collector in Singapore, such as IFC, you are ensured that you will get back those tardy payments on time and legally. Our expertise, professional approach, and knowledge of the law help uphold and protect your business’s cash flow and reputation.
Debt Collector for businesses, consumers in Singapore & internationally.
We specialize in Credit Management Consultancy in Singapore to boost business.
As your Bad Debt Collection Agency, we are here to help you sustain business cash flow.
We were Impressed with the efficiency and professionalism of the team at IFC. They were responsive and effective, and always kept us updated of any new developments during the recovery process.
We used to spend a lot of times chasing our customer but after engaging IFC. Our time are more well spend on other matters. We were very glad about the service provided by IFC and their high level of professionalism. We will highly recommend IFC to be your Credit Collection Agency.
Best Petrol Pte Ltd first engage IFC since August 2020. After having a bad experience with our previous debt collection company, we hesitated if we should proceed with IFC. However, WC was sincere and provided professional advices during all discussion.
Not only IFC was effective, they had policies in place when handling delinquent accounts. IFC is always proactive and contactable, especially when we require information about our cases. Updates were prompt and accurate. We were glad that we have chosen IFC as our Collection Agency.
We have been changing debt collector companies one after another due to lax, slow paced and low communication regarding debt collection. IFC did a fantastic job collecting historic debts where many other debt collector companies fail to, some dating back over a year and in some cases, even collecting interest on said debts. Therefore, receiving more than we expect.
Generally, in the 21st century, debtor collectors are more effective hence, engaging IFC in the right choice as it has saved us a lot of unnecessary legal proceedings and costs. We are confident in IFC’s professionalism in collection & credit management services. We are glad to have them as our long-term business partner.
We are taking this opportunity to publicly thank IFC for all the hard work and advices that you have given. We were skeptical when comes to engaging debt collection company, but we have an entirely different experience when comes to IFC.
Not only IFC Is professional when comes to handling Clients expectation, IFC also manages it well. Their professional team are always in close communication with us. We are truly appreciative for the excellent services. Our Company will continue to engage IFC’s debt collection services and use Credit Management services as well.