I borrowed a sum of money from my friend (now no longer) after she hired a so-called debt collection agency to retrieve this amount from me. I have a few questions to ask:
1) Is this type of companies legal when they are not even banks?
2) Can they harass me on every wee hours of the night? How do they know my address £ even my parents address??
3) My friend hired them to chase this amount from me but their only proof are just SMSes between me & my friend. No IOUs at all because of mutual trust (I already mention to her I can't pay at the time being but she won't budge).
4) Can I report both the debt collection agency & her to the police? Or just the agency?
if you are serious about repaying the debt work out at time frame with her.
you must owe her a lot for her to engage a debt collection agency.
so much for mutual trust.
She will not bite apparently.
It is not a big amount at all but she burnt her hands in stock & keep chasing me which was supposed to be paid off later this year.
To clarify, it is a business venture that failed.
dont know the mutual understanding that u 2 have
but, she already show kindness to u when she lend u the $$$.
and u must have pleade a lot to make her lend u $$$.
maybe u can help her back by returning some $$$ or part of the $$$ to her.
if not u must have "Bo Cua" when she ask to return for some $$$.
agree with hwaimeng and dragg.
it must be alot of money if not she will not hire a debt collection company to chase the money from him.
still want to make police report.
hope the police will charge him for cheating her money instead
we'll need to hear her side of the story.
cos u are fishy.
1) Yes. Most of these companies & business are legal under ACRA registration.
2) Yes. If they choose to do it without violating peace of anyone like your neighbours other than you. These days locating one's address with next-kin info and the rest is a piece-of-cake. For example; just look at how your SINGPASS can link to all your infos. In fact, any agency willing to pay the required fees (set by government agencies that administer this such service) to search for your data and this is legal.
3) Under law any form of agreement between two parties, if both agreed, is legitimate. Unless you file for dispute for not agreeing to the sms agreement, you are forever liable.
4) Report? Again, you should read all the threads here before this one. You could file report if there's any violation made by the agency like causing hurt or distress etc. But still won't free you from the debt. I believed your friend did it in order to remind you that you are not going to escape easily.
I believed your debt is below $10k and if the amount is $10k and above, your friend can file petition against you for bankruptcy.
Do note that if your friend is all out to get you, then you should prepare for the worst. Your friend too can turn to law firm instead and exercise other legal options like Writ of Summons, Writ of Seizure or freeze, deduct and seize your monthly pay via Garnishee Order. Think about it.
Hope this helps. ;)
tell them you paying up, call police, collector come police cat - game over
If they subscribe to this site: http://www.wis.com.sg/
They can get lot of your personal data, including how many members you give live in your house, phone number and many more.
Just pay and forget, as you have to pay anyway to her.
how much u owe her? 10k or 100k?
Look she did you a big favour by handing the money over to you without documentary proof. She show her goodwill. (Now it can be termed as stupidity.) You on the other hand, failed to keep your promise. You are the one that is the worm.