by Ryan Ong
EVERYTHING is faster and more efficient in the age of digital banking, including going bankrupt. When you consider you can get four times your monthly income in cash, in 15 minutes, its pretty amazing were all not stress eating caviar while looking at our monthly bills. For those without self-control though, the Association of Banks in Singapore (ABS) has made a help package in the form of a new debt consolidation programme:
What is debt consolidation?
Debt consolidation is the process of using one big loan to pay off all your other loans. For example, say you owe $500 on one credit card, $7,000 on another, and $3,200 on a credit line. You also have a fixed instalment loan for $30,000…
Read the full article at: http://themiddleground.sg/2017/01/25/new-debt-consolidation-plan-dcp-help-singapores-credit-addicts/