We crunched the numbers and discovered how much you can save when you use a debt consolidation plan for all your credit card balances.
Its quite common for Singaporeans to owe money on several credit cards or personal loans. Keeping track of all your outstanding payments can be tricky, especially if you are managing credit cards from different banks and with different due dates. The moment you miss a due date, it doesnt take very long for the high interest rates to start piling up. And the longer you delay your payment, the more your debts grow.
This is when a debt consolidation plan (DCP) in Singapore become useful. As the name suggests, this debt management product lets you combine unsecured d…
Read the full article at: http://www.theonlinecitizen.com/2017/02/22/how-much-can-singaporeans-save-with-a-debt-consolidation-plan/