If you know of someone who falls into these credit traps, there is an organisation in Singapore that may offer their hands. It is Credit Counselling Singapore(CCS).
CCS has a 3 steps approach for those who seek their assistance.
1) Free talk on debt management and Services
2) One to One couselling session to assess situation and identify possible solutions
3) Debt Management Programs(DMP) for suitable individuals
DMP is a voluntary arrangement between Creditors and consumers where CSS help individual put up a reasonable proposal on how the debts can be paid over a specific period time.
CCS charges as of Jun07
1) Debt management talks - Free
2) One to one counselling - $30
3) DMP - $120 up to 6 creditors, $20 for each additional creditor
CCS responsibility is largely help work out possible solutions and negotiating with creditors on future repayments scheme. Your credit cards loans and interest "WILL NOT" be waived or reduced.
For those needing their service. Below are some of their info:
CSS Helpline - 1800 call ccs / 1800 2255 227 (9am to 6pm)
CSS website - www.ccs.org.sg
Let those around you knows about this organisation and help them early before its too late.
1 comment:
Nice dispatch and this enter helped me alot in my college assignement. Thanks you for your information.
Post a Comment