OUR SERVICES

COLLECTION & RECOVERY

The issues of bad debts that a business encounters once the repayment of credit previously extended to a customer is likely to be uncollectible is crucial. Due to the recent economic downturn, a significant decline in economic activities has increased the volume of bad debts.

Therefore, government agencies and corporates have helped the publics by channelling various funds in the form of financial loans. However, the amount of loan disbursed is comparatively smaller as compared to loans offered by the private financial institutions.

Several common problems faced by the corporates and consumers which often contribute to the bad debt issues are:

Borrowers tend to take repayment of a government loan. Legal actions for bigger loans are costly and time-consuming. Borrowers simply refuse to pay the debts.

UNCLAIMED MONEY

Nevertheless, the Ministry of Finance has created a pool of unclaimed money  due  to  the  consumers are unaware of its closure or they do not know who to  contact  to retrieve  their  money  or  funds.  Thus, the bad debts and unclaimed money issues are now being observed seriously by the Ministry of Finance and the ministry has set the key performance index (KPI) to monitor and measure the strategies for handling the issues.

We are Novus Partners Sdn Bhd, a professional service provider for Unclaimed Money incorporated on since 2019 with our main objective being to create the awareness to as many as possible & assist clients for claim their unclaimed monies from Government.

For your info, Registrar of Unclaimed moneys has more than RM 40 billion of unclaimed money accumulated over the years, and millions are added every year. The Unclaimed Moneys Act 1965 requires businesses to send to the govern cent a report on any unclaimed moneys in their possession. Unclaimed money can be in the form of dormant bank account monies, share dividends, life insurance policies, unclaimed wages and EPF contributions.

Over the last few years, we had successfully recovered and returned millions of ringgit of Unclaimed Moneys to rightful claimants. These claimants range from individual owners, companies, liquidators and beneficiaries (Estates of Deceased). Needless to say, these rightful owners are very thankful and grateful for our services

Our teams are experience to carry out their responsibilities with high standard of documentation of excellence and professionalism. The driving force behind these teams is our management team who have more than 10 years experiences in managing the Unclaimed Money.

To be informed, that you have a certain amount of unclaimed money and here we offered to you is our professional service in obtaining the payment back to your account.

Our service & terms as per below:

  1. Identify claims amount and entity (respective company)
  2. Reconfirm the policy / account no or other relevant information
  3. To request for confirmation letter from entity
  4. To prepare relevant documentation for Government
  5. To seek solution if there is delay or problem for the claim
  6. To inform on payment schedule from Unclaimed department
  7. No down payment
  8. No processing fee
  9. No hidden cost
  10. Competitive and reasonable rate
  11. Only pay us when the Government had banked in money into your account