Debt collector Singapore

Keeping alert: The 4 crimes from debt collectors

With the economy decreasing, it is becoming more challenging for people to keep up with the expenses. Hence, debts are piling up. This is where some unhealthy agents take advantage and you will find debt collectors taking unconventional routes to get money from you.

It’s a fact that debt collector do get the authority to get their money from you at the agreed time. However, there is a limit or collection rights that they should stay well within. You might face debt collectors taking the wrong route in order to get their money from you. Sometimes they can be so aggressive that they charge you money you don’t owe. Making it one out of the many crimes that debt collector are not allowed to do.

Elderly people are the most vulnerable targets to such people and therefore there is a need of establishing some boundaries which no debt collector can cross in any case. In this article, we will highlight some of the most important aspects and situations where a debt collector might be found infringing the limits and hence there can be legal actions taken against them.

Law enforcement agency worker

Debt collectors take the bad route to get their money from the debtors. For that, they may present themselves as a government worker or an agent from the law enforcement agencies. However, no debt collectors are allowed to do so according to the law and therefore, you should not be terrorized if a debt collector threatens you in such a way.

Arrest warrants

As long as you don’t receive a legal notice from your credit company, you cannot be arrested for not having paid your dues on time. Not debt collector is given the authority to claim that you will be arrested for not paying the dues in time. According to law, the collection agencies do not have the right to issue arrest warrants just on the basis of the fact that you have not paid the dues in time.

Going out to public

It is probably one of the most embarrassing things one can think of. If your debt collector publicly speaks about you not paying your debts in time, it can never be a great feeling for you. This is why the government never allows collection agencies to expose your inability to pay the debts in time. Publicizing your debt also means that they cannot talk to your spouse or your lawyer about your debts.

Debt collection agencies only have the authority to track you by seeking your address and contact number. However, they cannot still expose in public why they are tracking you.


This is probably the most important part of our discussion. Collectors are not allowed to harass in you in a lot of ways, which includes:

  • Harassment through violence
  • Bad and abusive language
  • Frequent phone calls
  • Calls before 8 in the morning and after 9 in the evening.

If you have reserved the rights, it will give you a lot of power when you are dealing with your debt collector so there is no need to get scared of any threats that you may receive from them.

How credit cards affect mortgages

The use of credit card is a talked about subject. People are always cautious of their expenses with their credit cards to get a higher credit score and lower interest rates for the future. The reason people choose credit card is pretty simple, it gives them a lot of convenience as they can pay the amount at the end of every month.

If you are wondering what mortgage applications have to do with credit cards, we should tell you that your mortgage applications have quite a link to your credit card usage and this is just what we will discuss in this article today.

Credit score

Just like debt collectors in Singapore, mortgage lenders also look for your credit history to approve your application. If you have a high credit score then just like you get lower interest rates, you may also have better chances of getting your mortgage application approved.

Payment timings

Lenders also look at the time you take in paying for your credit cards. Timing is very essential with mortgage payments because if you’re as late as just one day, there can be consequences that you will have to bear. If you pay your credit bills on time, your credit score will improve and hence you chances of a successful application. Be smart and wise in managing your credit cards.

Difference on loan types

Credit Cards are unsecured loans. One may have to pay more if they delay the payments but there is no strictness due to the fact that there is no loan security. However, mortgage loans are secured loans firstly because they are generally larger amounts and secondly, it keeps the borrower dedicated to pay the dues on time or else the property may be setup for auction after a foreclosure notice from the bank.

Despite of being a major difference in the loan type, lenders always take into account how you react if you have more loans to pay. They check how dedicated the borrower is when it comes to paying secured loans in comparison to unsecured loans. We recommend you should always clear your unsecured payments and not just pay to increase your credit score.

Don’t want a credit card?

You might be wondering that since it could be a tough job getting your application approved with a credit card so why not avoid a credit card. Well, it doesn’t go in your favor either. If you haven’t had a credit card before, the lender will not be able to judge how punctual you might be with your bill payments. Hence having a credit card and a good credit score is vital for your cause. If your sole reason for not having a credit card is the above, read a post that we have shared on debt management tips.

The final verdict

To cut the discussion short, the relation between your credit card and mortgage application is your credit score. Debt collectors and mortgage lenders are very particular about your bill payments so we leave you with some tips and tricks that will help you improve your credit score which will in turn be helpful to let you succeed with your mortgage application.

  • Be honest with your credit history in front of your mortgage lender.
  • Be punctual with your credit card payments.
  • Always spend less than 30% of your credit limit.
  • Pay out any outstanding due before submitting the mortgage application.

3 tips to make debt management easier


It is a norm in the society to borrow and lend money when needed. Depending upon the conditions, people may or may not be able to pay their debts on time, in some cases may be never. There are many steps to help you better manage your debts. But whatever the conditions may be, it is important to keep a track of the amount you owe.

You should keep a record of your finances especially debts to save yourself from embarrassment in front of the debt collector in Singapore. We bring to you some simple steps and methods that will help you keep yourself updated with all your financial dealings. Here are a few suggestions!

1.  Make a Self-Assessment

Quite often, when people have to borrow large amounts in form of debt, it doesn’t come from just one source. Therefore, they often end up losing track of who credited how much.

According to finance experts, people face much difficulty in paying debts just because they avoid keeping track of their expenses and debts. Knowing ways on how to pay off your debts simply would be an advantage.

However, experts suggest that debtors in particular should keep record of their credit cards loan, utility bills, mortgage and student bills etc.

Here is a simple way of doing it:

  •  Keep a diary dedicated to your expenses. You can even do it through your smartphones and tabs.
  • Note down the name of your credit the instant you borrow money.
  •  Interest rate (if any) alongside the due date when your debt has to be paid. 
  •  Manage your credit card debts
  • Make calculations for your debt you pay from monthly salary and your annual interest payment.

2.  Seek for the Causes

You should always keep an eye on where your finances normally go. Check whether you are spending on needless things. If you are supporting your family, there are chances you will miss out on tracking your expenses. This ultimately leads you to spending more than needed. So here is what we suggest you can do:

  • Look for opportunities of saving money
  •  Identify the weak points
  • Keep receipts and bills and maintain a spread sheet for your expenses.

3.  Include Valuable Input from Others

Getting a point of view from your family members about debt repayment is always a good option. Regardless of the fact that you support your family or not, a valuable opinion from your family and friends can help you with your debts and expenses.

If you are supporting your family, make it obvious about your saving plan and include them into it. Here is what you can do about your collective family saving:

  • Emphasize on bad effects to kids about overspending.
  • Explain your kids the difference between needs and wants.
  • Do not open your financial details to your kids but encourage them to give suggestions about saving. This will motivate them towards your cause.

A collective saving is always helpful for quicker debt repays.

Implementing these simple but effective techniques can help you save valuable money which will in turn help you manage your debts efficiently. It will help you pay your debts on time saving you from embarrassment in front of your debt collector.