Debt collection firms in Singapore see greater demand for services

A file photo shows debt collectors from JMS Rogers going about their work. ST FILE PHOTO
New: Gift this subscriber-only story to your friends and family

SINGAPORE - Debt collection firms here are seeing robust demand for their services amid a rising trend of companies and people failing to service their debts as they struggle with the aftermath of the pandemic and rising inflation.

Those making the debt recovery requests range from businesses that did not get paid for work done, to people who are owed money by their spouses or colleagues.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Follow ST on LinkedIn and stay updated on the latest career news, insights and more.