JMS Rogers was approached by a client to collect a personal debt of SGD $25,000.
In the beginning, the case seemed very straightforward with IOUs signed and bank transfers proven coupled with contact details.
In the course of enforcement of the debt repayment, the debtor began to skip house to house to evade payments. These houses that the debtor was moving between were friends of the debtor.
The investigations team had a thorough discussion with the enforcement team and eventually were able to identify the pressure point of the debtor.
With this strategy being employed, the debtor approached JMS Rogers to make the payments and over 3 installments, the debt was recovered in full.
What can we learn from this:
1. Debt collection requires differing strategies. It goes beyond chasing a debtor, but to develop a strategy that make a debtor appear to want to clear the debt.
2. If you find yourself wanting to loan to others, ensure that all proof and documentation is in order in case you need enforcement in the future.
If you find yourself in a similar situation, or you have another situation that requires our help, please contact us via Call/WhatsApp at +65 8100 8880 or email us at enquiries@jmsrogers.com.sg
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