Debt Collection Agency Companies in Malaysia

Debt collection agencies in Malaysia are regulated by the Malaysian Debt Collection Association (MADCA). There are currently over 200 registered debt collection agencies in Malaysia.

The main function of a debt collection agency is to collect outstanding debts on behalf of their clients. This can be done through various means such as phone calls, letters, emails, or even personal visits.

Debt collection agencies usually charge a commission for their services, which is a percentage of the total amount owed. In some cases, they may also charge a flat fee.

It is important to note that debt collection agencies do not have the same powers as the police or courts. They cannot arrest or jail debtors, and they can only collect money that is owed.

If you are being harassed by a debt collector, you can file a complaint with MADCA.