Search a country below for debt collection:
How to Instruct Us
We simply require the following details:
Full name & address of the debtor
All available contact details of the debtor i.e. contact name(s) / Tel / Mobile / Email(s)
Amount owed (Invoice(s) or Statement will help)
Or ask us to call you – just leave us your details:
Singapore Debt Collection – No Win No Fee
Creditreform operates a global specialist International debt collections service. We have local offices and fully approved expert international debt collection agency partners in every country worldwide. All our International debt collection agency partners and offices operate on a No Win No Fee basis charging an agreed commission against monies recovered only. All our international offices and partners initiate the collection processes by sending the debtors a debt collection letter to introduce their involvement.
Main reasons why a local country debt recovery agency is so important rather than trying to recover from a debt collection agency UK are as follows:
The local International Debt collection Partners know:
The local cultures
The best methods of initiating debt recovery letters and processes
Are in the same time zones
Herewith details of our debt collection service Singapore:
Location of debt recovery office in Singapore?
Paya Lebar Square, Singapore. All debt collection letters are sent by the local head office.
Number of debt collection staff?
6 staff. Each staff member is allocated a client and all their debt collection letters are personalised in order to effect the best response result s from debtors.
How long have you been operating a debt recovery service in Singapore?
We have been operating an Asia debt collection service on a no win no fee basis in Singapore since 2015. Singapore is included on our debt collection agency list.
What type of debt collection services do you provide? Do you do commercial debt recovery (B2B) and consumer debt recovery (B2C)?
We handle both Business to Business debt recovery cases and Business to Consumer debt collections cases. There is different content for business to business debt collection letter templates and business to consumer debt collection letters templates.
Statue of Limitation in Singapore?
6 years in Singapore.
If the case is entered and judgment is obtained in favour of client within the 6 years, the limitation period is extended to another 12 years from the date of judgment.
Singapore civil litigation statute of limitations is a law that time limits a plaintiff’s right to bring a claim against a defendant. The statute of limitations in Singapore is 6 years. However, if an action has been taken within this time then the statute of limitations time will be extended to account for this. Once the specified time period elapses then no action can be taken through the legal processes unless the plaintiff is able to prove exceptional circumstances. Other Statute of Limitations include:
Singapore Open Account Years – 6 years
Singapore Promissory Notes – 6 years
Singapore Written Contracts – 6 years
Singapore Oral Agreements – 6 years
How EU (European Union) laws effect debt collection in Singapore?
Singapore does not fall under EU laws and regulations. However, if you have any concerns regarding EU laws, please highlight these to us to review and follow.
Singapore signed a free trade agreement (FTA) with the European Union (EU) in 2018 and this has been enforced since 2019. Singapore is also part of a unique Free Trade Agreement between Singapore and the European Union (FTA EU-MX) which is a trade agreement between the European Union and Singapore.
How many companies registries in Thailand for businesses (i.e. UK has just 1 central registry)?
There is 1 company registry in Singapore which is called The Accounting and Corporate Regulatory Authority (ACRA) located at 55 Newton Road, #03-02, Singapore 307987.
We have access to Singapore Company Registry searches to find out who further background information on all Singapore companies.
What is the debt collection process in Singapore?
Standard process involve calls, debt recovery letters sending, site visits and worst case scenario litigation (subjected to creditors’ approval since this will be out of pocket expenses.
Average length of time to collect a debt?
The average time taken to recover a Singapore B2B debt collection case varies from case to case. Usually 3 months and below to determine the collect-ability of the cases. Time may increase in the event of litigation and / or arrangement to settle by monthly installments
Can late payment fees / interest to be added to claims?
Subjected to whether its in agreement and acknowledged upon. Late payment and interest cannot be forced upon. Having said this, most debtors would only pay off the principal amount though, if they have the intention to pay.
Details on legal service / process in Singapore?
Generally quite fast and efficient as compared to most countries but the exact processes depend on the complexity of case and whether its defended, to be advised by partnering law firms
For collection and legal service in Singapore, concrete documents such as the Purchase Order, Delivery Order and invoices, signed contract agreement, if any, previous email communication, Promissory Note (if any) are essential. This is to avoid us been sued for unlawful demanding of debts or debtor denying the claim
Singapore Business Credit Reports
Creditreform provides over 88 million international business credit reports throughout Europe and 200 million international business credit reports worldwide. We provide freshly investigated Singapore Credit Reports which can be done prior to trading to make sure the company you will be dealing with can meet the commitment or once the debt becomes overdue to ensure the debtor can meet the amount owed.
Creditreform’s debt collection company service also uses expert local Singapore tracing agent services to locate any absconded debtor. This debtor tracing service is provided on a No Find No Fee basis only charging for a successful trace.
Specialist Debt Recovery Experts
There are many unique requirements to recovering international debts in all countries including Singapore debt collection services which differ from the UK and therefore it is very important that cases are handled directly by our expert international debt collection agencies and not from the UK office. This method of international debt collection sets Creditreform aside from the competition who in many cases try and recover debts from a UK debt collector only. Using the local offices and partners enables us to achieve a far greater success rate and our No Win No Fee service together with competitive commission rates against monies recovered only ensures you get the best service.
Who are the main trading partners for Singapore?
Which countries border Singapore?
Sister Cities for Debt Collection in Singapore
What is the Supreme Court in Singapore?
The Supreme Court of Singapore is a set of courts in Singapore, comprising the Court of Appeal and the High Court which was established on 9th January 1970.