Almost all the companies bear the non paying customers along with them regardless of their size and this will have direct affect on the balance sheet of business and these non payments usually appear as bad debts. In Singapore all the receivables can be managed by outsourcing it to collection agencies and there are many benefits come with it. This can also be managed internally but this is a time taking activity and it slow down the working of the rest of the activities. So it is advisory to outsource the procedure to other firm because conducting it internally would be costly for any one. The collector’s business model is to recover the bad debts. It is beneficial to consult them otherwise the payments may be gone forever. Commercial collection agencies recognize this principal and are motivated by their business models to collect quicker rather than later. It is very useful strategy to consult the third party to recover funds and when this task becomes challenging it is highly recommendable to outsourcing because it is a proven beneficial practice. The agencies in Singapore are providing their services on fair debt collection practices act and they further provide the services of credit control management. In this service they took all the responsibility for the collection of all unrecovered debts. Credit check service is also available to provide the clear picture of credit history of the customer so that loan can be proven to them. Banks usually adopt it because they are widely indulged in extending credit and they highly require the creditworthy people for this. And if bank outsourced this department to good collectors then they will face fewer complications in future. To cover the shortfalls in the budget most of the individuals rely on their credit cards and this will make the monthly debt payment more than the affordable rate, in this situation debt consolidation lends a great hand as it provide the regain control. This also provides shelter against bankruptcy and managed all the missed payments and collections. The service providers in Singapore are providing this service by combining multiple debts at the lowest rate of interest. In this debtor has to pay fulsome amount at low interest this principal does not allow debt to grow. The repossession service also handles the debt with no hassle in this when debtor becomes insolvent then his/her property can be used without suing them and the key to repossession lies in secured debt. Debt Collector in Singapore after providing this service has proved that they are very much concerned about their clients. Last but not the least the debt recovery coaching is also provided by the experts of these agencies in which they trained owners and experts that how to communicate while negotiation with the parties. They also provide the training that how to follow the ethics while chasing the amount and especially how to deal with the people who have very little left to lose. All the above mentioned services are very beneficial for those that are surviving from loss because of debts.