DEBT MANAGEMENT IN MALAYSIA

For many companies, it has become more and more difficult to manage finances over the last 10 years in Malaysia. As a result, a lot of businesses are struggling to complete their payments to the creditors on time. In case such a situation happens, a debt management program (DMP) is the best solution.

Debt management is a set of actions which include counseling, restructuring of debts, negotiations with the creditors, and so on. Unfortunately, this issue has become very crucial for many countries, including Malaysia. As statistics show it is extremely difficult for many companies and individuals as well to manage their payments and complete them on time. That is why a Debt Management Program can be the best solution for you.

In Malaysia the process of the Debt Management Program is the same as in every country, however, with regard to specific requirements of the creditors, it could be adjusted and modified. Most of the time it is difficult to manage the debts alone, and for that reason, many companies hire a debt management company to help with the finances and debt management. A debt management agency is able to contact your creditors and work out the best payment plan between two parties.

We in CIS DRS understand how difficult debt portfolio management can be in Malaysia. That is why our experts have developed several stages of the debt management program. Firstly, we analyze the whole financial situation of the case and provide our feedback. Next, we gather the contact information of the creditors to understand the urgency. The next step is making a list of priority and non-priority debts. After that, we draft the debt repayment plan based on the priority. After that, we contact the creditors and negotiate the best deal for you. It also should be mentioned that during the entire process we provide you with financial counseling.

CIS DRS has more than 10 years of experience in helping and managing debts for many clients worldwide including Malaysia. Our teams of experts are specialized in debt management in the Malaysia region. We are sure that with strategic planning it is more than possible to achieve the best result. In addition, our established partnerships worldwide help us to reach creditors within the shortest time and negotiate the best repayment plan for you. For more information, please, fill in the form below.