DEBT collecting companies may have to be licensed, following allegations that some firms are intimidating their clients. A number of proposals to regulate such companies have been submitted to the Fight Crime Committee. The suggestions, made after a recent study by the police, include licensing, self-regulation and a code of conduct. This was revealed by the Secretary for Security, Mr Alistair Asprey, in his reply to a question from Mr James To Kun-sun, who wanted to know what plans the Government had to allow money lenders to recover their loans without the help of debt collecting companies. The Government considered the legal procedures for debt recovery fairly simple and satisfactory. Expressing concerns about allegations that some debt collecting companies were resorting to illegal means, Mr Asprey said the Government was examining the need for some form of regulation. Mrs Miriam Lau Kin-yee said the fact that money lenders resorted to debt collecting companies suggested the present procedures for debt recovery were not effective.