In the laws of Singapore without imprison for non-payment of debt but if the loan is made by checks or fraud, can imprison the loan.
"No person shall be imprisoned for non-payment of debt." But if the loan is with or acts of rebound of his check for debt payments, or loan fraud to run away, not returning the proceeds under the trust receipt or use of credit card and storing it after use is punishable with stuffy.
First and foremost you do clean up and pay the remaining debt to remain good your record. If you are beginner and simply do not have much knowledge do not hesitate to consult near your collection agency.
More in Singapore add as a postscript the debt collection agencies most companies really need to get or borrow money to further grow and win their business.
Easy to borrow but the question is can you afford to pay?
Lay and forced to pay even though we know that there is no pent debt.
We have a saying that if sheets short, learn to curl.one of the secrets for financial freedom is living within your means. When we began to live beyond our means, we start well be stress, lead to problems, and depressed.
Because usually, those who live beyond their means, people are submerged and buried in debt.
For us not to suffer later, we need to live within our means.
You need to commit a BUDGET PLAN
After a list of your priorities, create a budget plan. It is not wrong to choose a more orderly in the debt collection agency as long as you can enter it in the budget and do not hesitate to borrow because it really can help you to finally start and grow your available and the other needs. You can also create shopping and entertainment but again it should enter into your budget. After making a budget plan, stick to it. Make sure you keep it realistic.