New repayment scheme to help borrowers pay off unsecured debts … – Channel NewsAsia

SINGAPORE: A new repayment scheme that aims to help over-indebted customers repay unsecured loans from facilities like credit cards, personal loans and overdrafts, will be launched next Monday (Jan 23). A total of 14 financial institutions, all of which offer unsecured credit loans, will be participating in the Debt Consolidation Plan (DCP), the Association of…