When you’re struggling to recover unpaid invoices or debts, hiring a debt collector in Singapore might seem like an added expense — but in many cases, it’s a strategic investment. Here’s what you need to know about the cost of debt collection, how pricing works, and why it may be worth it for your business.
The cost of hiring a debt collector in Singapore varies based on several factors such as the type of debt (personal or commercial), the amount owed, how old the debt is, and the debtor’s responsiveness. Many debt collection agencies offer a contingency-based pricing model — also known as “No Recovery, No Fee” — where you only pay a percentage (typically 10% to 30%) of the recovered amount if the collection is successful. For simpler cases, some agencies may offer a fixed-rate service, usually ranging from $100 to $500 per account. However, if legal proceedings become necessary, additional charges will apply for services like legal letters, court filing, and enforcement. A reputable agency will always guide you through the most cost-effective approach based on your specific case.
Many businesses attempt to handle debt collection on their own in hopes of saving money, but this often ends up being more costly in the long run. Significant time can be wasted chasing unresponsive clients, with staff spending hours following up instead of focusing on core operations. Inexperienced communication may also strain relationships with customers, especially if emotions get involved. Without proper knowledge of legal procedures or documentation, companies may struggle to escalate matters effectively. Worse still, there’s the risk of violating Singapore’s strict laws on harassment and data privacy, which can lead to legal consequences. Ultimately, DIY debt collection can cost far more in time, resources, and reputational damage than engaging a professional debt collector from the outset.
Hiring a debt collector in Singapore is worth considering when the debt has remained unpaid for more than 30 to 60 days, especially after your internal reminders have been ignored. If the debtor is avoiding contact, or if you simply lack the time and resources to follow up consistently, outsourcing to a professional can be a smart move. It also helps ensure that communication remains professional, legally compliant, and less emotionally charged. A skilled debt collector not only adds authority to your case but can also recover money more efficiently — particularly once the debtor realises the matter has been escalated to a formal recovery process.
Hiring a debt collector in Singapore is worth considering when the debt has remained unpaid for more than 30 to 60 days, especially after your internal reminders have been ignored. If the debtor is avoiding contact, or if you simply lack the time and resources to follow up consistently, outsourcing to a professional can be a smart move. It also helps ensure that communication remains professional, legally compliant, and less emotionally charged. A skilled debt collector not only adds authority to your case but can also recover money more efficiently — particularly once the debtor realises the matter has been escalated to a formal recovery process.
At Assured Debt Recovery, we specialise in both corporate and personal debt collection in Singapore, offering a professional and reliable service tailored to your needs. Our approach is transparent, with no hidden fees — what you see is what you get. We are results-driven, meaning we only succeed when you do, and that’s why many of our standard cases operate on a “no win, no fee” model. Compliance is at the heart of our operations; we strictly follow all ethical and legal standards to protect your interests and maintain your reputation. With years of experience, our team is well-equipped to handle even the most complex and challenging cases with professionalism and tact, ensuring you get the results you deserve without the stress.
In conclusion, hiring a debt collector in Singapore is often worth the cost — particularly when you weigh it against the time, stress, and lost revenue associated with unpaid debts. It allows you to focus on your core business while professionals handle the tough job of recovering money. With a reputable agency like Assured Debt Recovery on your side, you gain peace of mind knowing your debts are in capable, legal, and ethical hands. Contact us to find out more!