The Business Times
business-time-50
SUBSCRIBERS

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

google-preferred-sourceAdd BT as a preferred source
Published Tue, Jan 17, 2017 · 09:50 PM

    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 financial institutions with just one participating financial institution.

    TRENDING NOW

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    Maritime vessels off Singapore's waters. The war on Iran, which has disrupted global supply chains, entered its 100th day on Jun 6.

    In a world of long-drawn crises, ‘wait and see’ may be a decreasingly tenable stance

    Trading under the symbol SPCX, SpaceX has picked a handful of brokerage firms to distribute shares in the IPO to retail customers in the US.

    SpaceX’s US$1.75 trillion IPO: How retail investors, including those in Singapore, can buy shares

    DeepSeek’s rapid global rise proves that elite Chinese AI talents do not have to work for American companies to achieve massive success.

    The returnees: Inside China’s AI talent reversal

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More