Debt Relief

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What are the main categories of debt?

In Singapore, many residents experience debt at some point in their lives. Although debt is spread far and even, not all debts are the same financially. Some debts are favorable to the debtors, while others may have an excessive interest rate. Debt comes in several forms such as personal debt, corporate or government debt. […]

What is Debt Consolidation?

The term debt consolidation refers to the act of taking out a new loan to pay off other liabilities and consumer debts, generally unsecured ones. Multiple debts are combined into a single, larger piece of debt, usually with more favorable payoff terms. Favorable payoff terms include a lower interest rate, lower monthly payment, or both. Consumers can use debt consolidation as a tool to deal with student loan debt, credit card debt, and other liabilities. […] 

Five ways to be debt-free

Loans, Bills, Credit Cards – Are you getting behind in paying off them? Don’t worry there is a way out. Let’s take a look at the Five ways and decide which one best suits your situation. 1. Debt Snowball Method as the saying goes – in for a penny, in for a pound. Being one of the most hyped out methods by Dave Ramsey, the rule is to start by paying off the smallest outstanding amount first. In no time, you will be able to cross out the debt. […]