EXPERIENCE IS THE TEACHER OF ALL THINGS
-Julius Ceaser

Wednesday, November 26, 2008

Debt Collecting Agency

There is a tendency of companies and government agencies employing debt collection companies to collect debt from defaulters. These companies are business organisations and their aim is to make as much money as possible so their business can thrive. 

As far as I know agencies that privatise their arrears collections are Courts Mammoth, ASTRO, Telekom Malaysia, Communication Telco (CELCOM) and the latest being  Klang Municipal Council.

The Star news that these debt collecting agencies misusing their power is uncalled for. The threat of issuing warrant of arrest I think is too much. The relevant authority should look into this matter. 

I had experience receiving such letters from debt collection agencies and the worst is when Courts Mammoth (I consider  it sent by them since they employ the agency) sent thugs to harrass my family when I was at work which led me to make a police report.   

 

1 comment:

Allan said...

Wow what did the police do for your case ? Did they stop harassing you after that? Did you sue the creditors or win ? Let me know I am interested in this kind of thing.

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