Debt Collection Companies in Malaysia

Debt collection companies in Malaysia are regulated by the Malaysian Debt Collection Association (MADA). MADA is a self-regulatory body that was established in 2006 with the aim of promoting best practices in the debt collection industry.

MADA members must adhere to a code of ethics and professional conduct, which includes acting fairly, reasonably and transparently when dealing with debtors.

There are a number of debt collection companies in Malaysia that are members of MADA, and they are all subject to the same regulations.

If you are contacted by a debt collection company in Malaysia, you should first verify that they are a member of MADA. You can do this by asking for their MADA registration number.

If you are unhappy with the way a MADA member debt collection company is treating you, you can make a complaint to MADA. MADA will investigate the complaint and take appropriate action if necessary.