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Navigating The Debt Collection Landscape In Indonesia

MNS Credit Management Group

The main purpose of debt collection in any country is to find an amicable and smooth settlement of dues between a debtor and a creditor. However, in Indonesia, there are no specific rules regarding debt collection service companies. Over 500-million-rupiah worth of debt can be resolved through this forum.

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How Long Does a Collection Stay on Your Credit Report?

CreditStrong for Business

An original creditor owed an unpaid debt will often “charge off” a credit account and send it to a debt collection agency. Most collections will remain visible for seven years on your credit report. What Happens to Your Credit Score Once Collections Fall Off It?