Case Study #007: Bad Debts of 2 Years
A client approached JMS Rogers to collect an outstanding debt of SGD$27,000. The basis of the debt was that our client had provided a software development service to the debtor in 2022. However, after the service was provided, the debtor did not make payments for over 2 years. The excuse was that the company was facing financial difficulties due to a lack of business and could not pay. The debtor also said that he would make good on the payment eventually. Our client was understanding, but after a while, patience did run out. Upon our investigations, we discovered that the debtor was having a windfall of business in 2024, but still chose to ignore the payment to our client. Upon engagement with the debtor with the investigative findings, the debtor made a 1-time payment of the full amount. What we can learn from this: 1. When you go into business transactions with anyone, do your research to ensure that you know the scale of their business, and if in doubt, seek professional help to investigate for you. 2. Do your best to ensure staggered payments from your clients to prevent handing over a finished product or service and risk not being paid. If you stagger the payments, you have more control.
Madam Christine had lent a debtor, whom is a friend of her son, a total of $218,000 over various ocassions. Debtor did not return the money for 3 years and for 8 months was uncontactable. Within 72 hours after engaging us, debtor admitted to the misdeed and a re-payment plan is established.Mr Philip, a renovation contractor, was denied payment after all his house work done for the house owner. A humble and honest contractor, he waited for months but did not receive any payment. He engaged JMS Rogers for debt collection service. Within 48 hours, $24,000 full payment with cashier order was collected.
Ms Reena Yeo, founder and beauty pageant trainer of ABSOLUTE MODELS INTL came to us to recover fees owed to her for work done. She had to compensate her six models and suffered losses. We respect such strong successful beautiful lady who is also an iron lady who does not let anyone get away without paying their dues! With only a nickname we did skip tracing and managed to successfully crack this case within hours!
Mr & Mrs KC SIM of ABITEX SOFAS engaged our services and soon after, flew overseas leaving full decision-making to us. It was with great pleasure that we contacted them during their trip with the good news of Debt Recovered Successfully! They were able to celebrate this success on their trip with a peace of mind.
Mr Justin, our happy client came to collect his cheque from us and waited nearly 4 hours to personally thank Mr Roger and show his appreciation. It makes all our hard work and efforts worth it! And makes us only strive to continually improvise and rise to new challenges!
View more about us Singapore Debt Collection
