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What is Debt Repayment Scheme (DRS)?
Debt Repayment Scheme (DRS) is a debt management program available in Singapore for individuals who are unable to meet their financial obligations and wish to seek assistance in repaying their debts.
DRS process in Singapore
To initiate the Debt Repayment Scheme (DRS) process in Singapore, you will need to follow certain steps.
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We can help you consolidate all of your high interest credit card balances into one lower, fixed monthly program payment. If your monthly minimum payments are becoming difficult to pay or your interest rates are just too high, then our service might be just the answer you have been looking for.
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We’ll be happy to answer all of your questions or personally walk you through the application process.
Debt Repayment Scheme
Suitable for people with unsecured debts between $15,000 to $150,000, a debt repayment scheme is a legal way to repay your creditors by making a single, affordable payment every month.
Individual Insolvency
If your debt has reached an unmanageable level, bankruptcy is one way of managing it, especially if you are in no position to pay off your debts in a reasonable time frame.
Debt Relief Plan
A debt relief plan is the debtor proposal to restructure the debt by communicating or negotiating directly with the creditor.
Take the first step towards financial freedom today!
Schedule an appointment and let our dedicated team simplify the DRS process for you. Regain control of your finances and embark on the path to a debt-free future with our expert guidance.