The creditor has been alerted that your IP address: from have visited this report on 05 Apr 2025, 10:25 am.
IN ACCORDANCE WITH THE LAWS OF SINGAPORE
JUNE YONG LOH for the recovery claim of SGD 35,507.26
PAYABLE TO
- 1. We represent our client , a Singapore company trading as .
- 2. As advised by our client, your organisation CORSIVA LAB PTE. LTD. currently have an overdue loan of SGD 35,507.26 referenced Q20230819R, where the original amount was SGD 7,061.44.
- 3. The amount was initially due on 15 January 2024.
- 4. Despite our client's repeated requests, you have failed to respond or make payment for the stipulated sum.
- 5. This communication serves as a formal notice to demand the immediate settlement of your outstanding payment directly to our client.
- 6. If payment has already been made, you must notify us to update our client's records.
- 7. However, if you are experiencing difficulties in settling this amount, we urge you to communicate with us at once.
- 8. Should you decide not to respond in the next 14 days, this notice will serve as an official document and will be tendered as evidence of your failure to pay in court.
- 9. Be advised that prompt repayment is necessary to avoid impacting your credit score and further escalating this matter to legal action. In such an event, our client shall look to you for all legal costs, late fees or interest, and other expenses incurred for the recovery of this debt.
- 10. Our client expressly reserves all rights to begin legal proceedings, or resell the debt to third party collection agencies for the necessary recovery of the stipulated sum, without any further notice.
SGD 35,507.26
UNPAID
Repayment status
Loan
Transaction nature
Q20230819R
Transaction reference
P20240311143919DF
Case number
15 January 2024
Original due date
Managed by PAY ATLAS LLC
we work with
Note: This case report page is currently being indexed by Google and Microsoft Bing search engines over the internet and will only be removed once the outstanding sum is repaid in full.
Frequently asked questions
Why wasn't I contacted by the principal (creditor) prior to this?
Your creditor likely sent you several payment reminders before resorting to our services. According to an internal study we conducted, 87% of payment reminders are simply ignored or intentionally delayed. It's possible that you didn't receive these letters, emails, or calls because you neglected to inform your creditor of any changes to your postal address, email address, or contact number via registered mail.
How can Payre assist me in resolving my situation?
Our objective is to find the optimal solution for every case. We understand that it can sometimes be challenging to pay off a debt in full immediately, and we are open to your proposals depending on the amount and age of the debt. We strive to find amicable solutions that consider your unique situation, as well as our client's desire for swift resolution. Consequently, we assess all available options to settle the debt and propose personalized payment solutions to you. Rest assured, the confidentiality of your personal data, including all the information you provide us, is safeguarded in compliance with the Personal Data Protection Act (PDPA).
What payment methods are available to me?
To close the case and prevent further penalties, you must repay the debt in full before the stipulated date. This can be done by transferring the current outstanding amount directly to your creditor's designated bank account. The necessary details for this transaction can be found on the case report notice page.
Do I have to answer the emails or calls from the case officer who solicited me?
We can only advise you to respond to our requests. If you can't pay, we are here to accompany you and find solutions together. We are in contact every day with many people who are afraid to answer us but who realize afterwards that they could have done it earlier. We can set up a payment plan (depending on the amount of your debt) that will help you get out of debt.
What happens if I simply choose not to pay?
The case report and pursuance will remain active indefinitely. Based on instructions from our client (your creditor), we would then take further action. These actions involve submitting your case report to credit rating agencies, which could adversely affect your credit score and employment prospects. Additionally, we would file for small claims in the state court where both parties are to physically attend hearing before a magistrate. Please be aware that your failure to pay may also result in your debt being resold to a third party debt collection agency where the dunning process differs entirely.
Can I be contacted again if I haven't been contacted in a long time?
You are being reported because an outstanding balance is still owed to your creditor. In civil claims, as long as there is an outstanding balance, the claim remains due. Depending on your country of jurisdiction, there may be a statue of limitations can only apply when a debt isn't being actively pursued - this is however not the case - as long as the case report status remains active on Payre, the debt is considered under pursuance.
Who do I transfer the outstanding amount to?
Unlike traditional collection agencies or recovery lawyers, you make repayments directly to your creditor, not to us. When you enter your creditor's bank details, you should see that the bank account holder's name as the legal full name of your creditor.
I have received a formal notice that isn't intended for me, what should I do?
It's unlikely that a formal notice would be sent to the wrong person due to the enhanced verification process. However, if you do receive a formal notice that isn't meant for you, we recommend you contact us as soon as possible to halt any proceedings against you and to demonstrate your good faith by providing us with necessary proofs. If you know the person who is responsible for the debt, you can provide us with their contact information so we can update our records accordingly. Alternatively, you can ask this person to contact us directly, using the case report number for the debt.
What is the difference between a promise to pay and a deferred payment?
A promise to pay gives the debtor a grace period to settle the entire debt by a specific date. On the other hand, a deferred payment allows the debt to be paid off in several monthly installments. For this, Payre provides a dedicated and secure payment link to be activated by credit card, initiating the payment of the first monthly installment. The payment of the first installment suspends any actions against you until the debt is fully paid. Note that a missed payment will result in the resumption of actions. Full settlement of the debt is the only way to conclude all procedures. A deferred payment plan is only valid if the first monthly payment is made within 48 hours via the dedicated payment link. Failure to activate this link will reactivate any actions against you. It is not possible to settle a debt via deferred payments without activating the payment link within the stipulated 48 hours. Speak with us to be on a deferred payment plan.
I am not able to pay now. Can you give me more time?
A grace period is a payment period that can be granted in view of your situation. It can be granted to you allowing you to settle your debt within a maximum period of 15-30 days during which the procedures are suspended against you. In order to obtain a grace period agreement, you can visit your case report link and click on the button "Acknowledge but repay later", verify that you are the intended recipient. Please know that a the online case report will only be resolved when the amount is repaid in full.