Learn Debt Singapore

03/08/2021

03/08/2021

To different notions, so here we dive into them: 👇
------
👉The Debt Repayment Scheme (DRS) is a pre-bankruptcy scheme that the Official Assignee administers. It seeks a win-win outcome for both the debtor and his creditor.

👉While, on the other hand, a debt management program helps eliminate credit card debt without taking out a loan. Debt management programs consolidate debt, reduce interest rates and provide affordable monthly payments based on your budget.

🔘The proposed DRP must ensure that the interests of creditors are adequately safeguarded. In comparison, a debt management program is part of the package of debt consolidation plans designed to help you regain control of your finances while reducing unsecured debts.
-------
Visit our website to learn more about our debt solutions. Link in bio.

03/08/2021

Ask someone today, “How are you doing?” and you will hear some interesting responses. “Hanging in there.” “Surviving.” 🤔
-----
👉That is a reaction you would expect from a man who just found out he has terminal cancer and has six months to live. How do you explain it is coming from people enjoying the freedom of choice and almost limitless opportunities? Hanging in there? Surviving?!

So, you need to have the right inspiration to create a life of meaning and purpose, stop merely surviving, and start living by doing what's right for you. 👌
------
Visit our website to learn more about our debt solutions. Link in bio.

03/08/2021

What can happen when you cancel a credit card?

In general, your credit score is determined by a few factors. One of them is your payment history, which accounts for 35% of your credit score. 💳
------
👉It's best to keep your credit cards to continue to accumulate credit history.

Your credit history is one of the things lenders look at when asking for a loan. It helps them understand how well your payments are, how much of your credit you use, outstanding accounts, etc.

Contact us now if you require any additional information about credit card debt and not only. ✔️