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Debt consolidation plan launched to help stretched borrowers

A financial institution can buy over all unsecured debt of a customer, and then work out repayment plan

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A new debt consolidation plan has been launched that will have eligible customers consolidate their existing unsecured credit balances across financial institutions with just one participating financial institution.

Singapore

SOME 14,000 stretched borrowers here will have another way to cut their debt burden before tougher regulations kick in this year.

A new debt consolidation plan has been launched that will have eligible customers consolidate their existing unsecured credit balances across

sentifi.com

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