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 Debt collector in Malaysia Whats the different, between legal and non legal one?

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SUSAsquith
post Feb 25 2021, 01:43 PM

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Legal ones only cause emotional embarrassment and loss of face.
Illegal ones you could get that plus more.


SUSAsquith
post Feb 25 2021, 07:18 PM

On my way
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Junior Member
647 posts

Joined: May 2020
QUOTE(sordidi @ Feb 25 2021, 05:54 PM)
So the legal one at most only can show up at home or work place to ask for repayment? No other dangerous stuff, right?
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Depends, usually these debts are bought by the debt collection agency, one infamous one is called Kudarat & Partners, they show up everywhere either in person or by phone.

Eventually if the debts are still difficult to collect it is auctioned on and sometimes bought up by ah longs. This is where it could change course.

QUOTE(sordidi @ Feb 25 2021, 06:07 PM)
Telco companies also will hire debt collector? Worth it mean meh? I thought at most only thousands ringgit for telco bills.
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20% of something better than 100% of nothing.

Also often the one that they are harassing are the guarantors.

 

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