Daily Archives: January 17, 2017

New scheme to help borrowers reduce unsecured debts – TODAYonline

SINGAPORE Fourteen financial institutions in the Republic have come together to launch a new repayment scheme to help overextended borrowers reduce their debts, the Association of Banks in Singapore (ABS) said on Tuesday (Jan 17). The move followed the Governments decision to tighten borrowing limits for unsecured loans from the current 24 times monthly income…

Debt consolidation compounds debt troubles Bank Windhoek … – Southern Times Africa

> Staff Reporter Windhoek There is a myth that debt consolidation saves interest and you have one smaller payment, but the truth is that debt consolidation is an indication of over-indebtedness which only treats the symptom. Debt consolidation is defined as taking out a new loan to pay off a number of liabilities and consumer…