Debt Consolidation: What It Is and How It Works
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When you have bills and loans to pay, it’s easy to lose track of them. Getting behind on payments happens to the best of us. No matter what reason you have for incurring debt, Capital Funds Investments understands how badly you want to overcome the situation and gain firm financial footing once again. We offer debt consolidation, an effective solution to help clients in Singapore who are overwhelmed with their unfulfilled financial obligations.
Credit card debt and deceitful money lenders have unreasonably high interest rates and hidden fees that make it virtually impossible for the debtor to get any breathing room. At Capital Funds Investments, we believe that this is unfair. Our debt consolidation plan will help you settle your liabilities so you can start living your best life.
Debt consolidation involves combining multiple debts into a single large loan or debt.It typically has more favourable payoff terms, such as lower monthly payments and interest rates. Debt consolidation falls under two types: secured and unsecured.
By consolidating all your liabilities into a single loan, it will be easier to stay on top of payments. With a lower interest rate (maximum 3.9% interest per month), this strategy allows you to save more time and money at once. Our debt consolidation in Singapore offers convenience and peace of mind to borrowers who struggle with managing the number and size of their outstanding debts.
Paying off credit card debt with a loan lowers your credit utilisation ratio. This is the total amount of credit available to you versus your credit card debt. Clients who are able to make their new payments on time religiously will find their credit scores increasing.
CFI has simplified the process of debt consolidation in Singapore. Application only has a maximum 30-minute turnover, and we’ll release the loan to you as soon as the following documents are signed and approved:
There are various debt management solutions. CFI has the financial expertise and industry know-how to help you find which type of debt consolidation may work for you more than another. Here are some examples:
Working with a reputable financial institution like Capital Funds Investments is the key to getting off the corner of debt and stress and on the road to financial freedom. Let us create a loan repayment plan suited to your lifestyle, income and goals.
You don’t have to worry about where your money is actually going because we are reliable and licensed professionals specialising in debt consolidation in Singapore. We’ll take good care of your assets, making sure they go through the proper channels and are used to pay your liabilities accordingly.
According to the Singapore Department of Statistics, 99% of all businesses in the country are small and medium enterprises. SMEs also support approximately 70% of local employment.
SMEs are the backbone of the economy. Unfortunately, many of them find it difficult to get the funding they need to grow their business. Some turn to financial institutions for a business loan in Singapore, to help them cover operating costs, expand their business, purchase equipment, and pay for other expenses.
One option available to SMEs are unsecured business loans. Read on to learn more about them and their advantages.