DEBT collectors in Singapore are seeing more consumer debt submitted to them for collection - and they foresee more consumers being unable to pay up if the global financial crisis deepens.

It is the first sign that the crisis has hit home with credit-card users in Singapore, financial experts say.

Ms Chen Yew Nah, managing director of DP Information Group, which has a debt collection arm, said its consumer debt cases more than doubled from March to last month, while the total sum collected was up 20 per cent over the same period.

 

 

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