Debt consolidation is the process of combining all of your outstanding debts into a single monthly payment. You only need to pay the new consolidation loan rather than to divide your payments into different creditors. We advise and consult for debt consolidation to our clients when they are in these situations:
Feel like you are virtually drowning in too much debts by managing several debts such as housing loan, personal loan, car loan, credit card debt & etc.
Although the repayment of single debt is low, but the total monthly repayment of all outstanding debts is such a huge debt burden to carry on your shoulders.
The higher your credit card balances are relative to your credit limit, the higher its impacts to your credit score and your ability to get approved for new loans.
We consolidate your debts into a single loan with a lower monthly payment or interest rate or both to reduce your stress and debt burden. It is much easier to afford your monthly debt payment. Fast response with the advise of the Best Bank package based on your needs.
One loan can be a lot easier to manage and more convenient than managing several different debts.
Interest rate reducing can shorten the years paying off your debts and enjoy savings on the monthly repayment.
Extend the loan tenure can make the monthly repayment amount lesser and more affordable.
You will need to have a property in order to do a debt consolidation. Preferably a property that your have owned more than 3 years and above.
High interest and short tenure debts such as personal loans, overdrafts, credit cards and car loan.
Yes, imagine you pay 3 personal loans at 3 different banks, 4 credit cards debts at 4 different banks. By doing this debt consolidation and now you only have to pay a fix monthly installment amount to only 1 bank.