Lately, I’ve been receiving numerous letters from one company by the name of Ztrade Sdn Bhd (note: name has been changed). The letters were addressed to one Nian Aik Sdn Bhd and one Chua Choo Lam, both whose address is almost similar to my current address.
Prior to this, I’ve received one letter from the Registrar of Companies regarding Nian Aik Sdn Bhd. I’ve no idea who or what Nian Aik Sdn Bhd and Chua Choo Lam are and as such, I’ve written to the Registrar of Companies explaining that I’ve no idea who these people are.
So, since I’ve been receiving letters addressing to Nian Aik Sdn Bhd, I decided to look at its contents to see whether this Nian Aik Sdn Bhd is causing further problems.
It seems that Nian Aik Sdn Bhd owes Telekom Malaysia (National Telco) RM721.24 of unpaid bills. And this Ztrade is demanding the unpaid sum on behalf of Telekom Malaysia. Ztrade is a debt collecting agency!
I didn’t know that our National telco would deploy debt collection agencies to collect their outstanding bills. However, it’s not practical to get a lawyer to initiate action against such defaulters as the sum owned is too small. If legal proceedings were initiated to recover a sum of RM700, the costs of doing so would definitely be few fold of the sum owned. Therefore it is wiser to do by way of a debt collecting agency.
This Ztrade has been sending numerous letters reminding Nian Aik Sdn Bhd of their outstanding bills.
Now Ztrade has even sent me one letter informing Nian Aik Sdn Bhd that they will pay us a visit!! This is definitely a scare tactic to make debtors worry that debt collectors will step into their house to demand for money.
To my knowledge, such tactic over a small outstanding amount is not a norm in Malaysia. Nevertheless, this is a civilised method of collecting a debt. I’ve heard stories where companies hired thugs or gangsters to collect debts for them. These thugs would harass debtors with all sorts of method. Recently, I heard one thug poured paint on one debtor’s family pet. LOL The poor dog had to be shaved!