Debt Relief

Donation

Every year, many fall victim to the debt cycle, struggling to break free and achieving financial stability. Here, Debt Relief is seeking help from those capable of assisting those in need before they fall into the debt snowball.

What causes debt?

Before seeking for assistance, an explanation would be good for further understanding on how debt occurs. Many would assume debt is due to one’s negligence or lack of financial responsibility but there are many major factors that can cause people to fall into financial ruin despite that. 

 

Many of the clients we handle are faced with debts due to reasons beyond their control. Especially since 2020, many have either lost their jobs due to the pandemic or were given lower hours and pay grades which decreases their quality of living. With no other options left, they risk credit card debts and other means to support not just themselves but their family as well. This is what we call the debt snowball, as they are not in the position to pay back the increasing debt and interest which leads to them relying on the loans.

Why donate to us?

With a little bit of assistance, Debt Relief will be able to assist these individuals towards debt freedom. This goes towards those who are not eligible for the schemes provided by the government and financial institutions, allowing a little more flexibility in returning the money owed. We understand the fear, whether the money donated would be towards a good cause and so, we will provide a detailed plan on how the donation will be spent and the person who will be receiving the aid.