Forum
Last updated: 

The debt collector is asking for a private settlement

My teacher told us about what he is currently watching and it was about how authorities were using their power to control the one that is below them. It was about a debt collector that asked for a private settlement. And so they talked in private but instead of asking for the money, the debt collector harassed the one in debt.

User comments

  • user image

    No Name

    When collecting a debt from someone, you must do everthing professionally. In this case, the debt collector dealt it in a private settlement. What sets them apart from your neighbourhood ah long is the fact that they try to comply with the law. There’s also an industry Code of Ethics set up by the Credit Collection Association of Singapore, which resolves disputes between debtors and collection agencies; however, the CCAS does not have a great deal of power to enforce the code.

    2020.03.24 15:44

Please leave your knowledge and opinion!

Related Forums

Can I get loan even though I have debts?

I am called to pay my debt earlier than the agreed time.

What should I do with my debt to a loan shark?

Is borrowing money from a loan shark legal?

Hospital preventing a family to leave due to debts

Is being a guarantor a practical job?

Related Reviews

Annual fee waiver triggered with at least 12 MasterCard transactions per calendar year

The principal UOB Lady’s Debit Card is entitled to the first 3 years card fee waived while thereafter, annual fee waiver will be triggered with at least 12 MasterCard transactions per calendar year. By the way annual fee waiver shall not apply to applicants who have cancelled and reapplied for the same principal UOB Lady’s Debit Card. For eligibility, applicant must be female and be at least 16 years old and no minimum income is requirement.

UOB Lady’s Debit Card / United Overseas Bank

I won S$20 cash credit for the deposit account that was opened together with my debitrd

I am not one to win things so you can imagine my joy when I won S$20 cash credit for the deposit account that was opened together with my debit card. This promotion is however valid for your first OCBC deposit account and it must be opened online too. This offer is limited to the first 600 OCBC deposits accounts opened online per month.

OCBC YES! Debit Card / Oversea-Chinese Banking Corporation

Allows you to check your LinkPoints balance and transaction history conveniently

The NTUC Plus! Visa Debit Card Plus App enhances your rewards experience and allows you to check your LinkPoints balance and transaction history conveniently. So be it shopping, exercising, traveling or dining, explore the discounts and deals you can get under Plus! Treats. You can even collect stamps from Plus! Partners to redeem exciting rewards.

NTUC Plus! VISA Debit Card / Oversea-Chinese Banking Corporation

Allows you free access to the library services

Enjoy exclusive Privileges at China Cultural Centre such as free access to over 17,000 arts and cultural books in the library of China Cultural Centre using the new BOC Chinese Cultural Debit Card. At the back of the card, you should find a barcode which allows you to have free access to the library services.For the first visit, you are required to bring along your BOC Chinese Cultural Debit Card with your NRIC/Passport to the library in China Cultural Centre for activation

BOC Chinese Cultural Debit Card / Bank of China

7% cashback on petrol even in Malaysia

Standard Chartered has several debit cards, and the one you’ll get depends on which bank account you choose. If you plan to bank with StanChart, consider the Standard Chartered XtraSaver Debit Card which is linked to the XtraSaver account. With this card, as long as you maintain a minimum balance of $6,000 in that account, you can get a very respectable 7% cashback on petrol (including in Malaysia), capped at $40 a month. If you have an account balance of at least $200,000, you can get up to 15% but the cap doesn’t change.

Standard Chartered XtraSaver Debit Card / Standard Chartered Bank Singapore

Up to 3% Cash Rebate and 5X TREATS points when Manchester United wins a Premier League match

1% unlimited cash rebate and 1X TREATS Points on all transactions with up to 3% Cash Rebate and 5X TREATS points when Manchester United wins a Premier League match. What is simply mind blowing is the fact that there is the first 2 years annual fee waived while subsequent waivers are at a minimum spend of S$3,600 per year. I recommend this card for Man United fans and non-fans too.

Maybank Manchester United Platinum Visa Debit Card / Maybank Singapore