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Jun 29, 2024 · Debt is something, usually money, owed by one party to another. Debt is used by many individuals and companies to make large purchases they could not afford under other...
Debt is an obligation that requires one party, the debtor, to pay money borrowed or otherwise withheld from another party, the creditor. Debt may be owed by sovereign state or country, local government, company, or an individual.
CCS is the only organisation recognised by The Association of Banks in Singapore (ABS) for our commitment in helping debt-distressed individuals address their unsecured debt problem through counselling, education and facilitating debt repayment arrangements, where suitable.
The Debt Repayment Scheme (“DRS”) is a pre-bankruptcy scheme which is administered by the Official Assignee. It seeks a win-win outcome for both the debtor and his creditor.
May 16, 2024 · Debt is money owed, but some debt is better than others. Here's what to know about various types of debt, including credit card debt and mortgages, and how to pay it.
May 3, 2018 · If all of the above debt management tools fail, you can approach Credit Counselling Singapore to seek help and advice in resolving your debt problems. They can provide advice, encouragement, and link you up to resources that can help you on your journey to becoming debt-free.
Sep 21, 2021 · Debt is money that one entity owes to another, and it’s created anytime someone borrows money. Learn what debt is, how it works, and the most common types of debt.
Jan 5, 2024 · Types of debt available for consumers include secured debt, unsecured debt, revolving debt, and mortgages. Learn about the different categories of debt.
Feb 23, 2022 · All debts are not created equal. Generally, there are two main types of debt: secured and unsecured. Within those types, you’ll see revolving and installment debt.
The Debt Advisory Centre (DAC), which was launched in 2013, is a one-stop centre that assists individuals facing debt problems through a three-pronged approach: advice, educate and research. It provides a roadmap for debtors to have a clearer picture of the options that are available to them.
