FAQ
Q. I have debts above $150,000. Can I still apply for this scheme?
A. This depends on your debt amount and your situation. We do offer other debt solutions for all amount of debt. Please contact us to arrange an appointment with our consultant.
Q. Can I include debts from unlicensed moneylenders?
A. No, we cannot include any illegal debts. We can only include legal and unsecured debts.
Q. Are you guys a Moneylender?
A. No, we are not a moneylending organization. We do not provide loans or refer any moneylending services. We provide credit counselling and solutions such as various government-initiated schemes to consolidate your debts and help you achieve financial freedom.
Q. This is too good to be true. Is this a scam?
A. No, this is not a scam. Ministry of Law started this scheme in 2009 to help all Singaporeans clear off their debts and we have been a part to help about 5,586 applicants so far.
Q. How long will this process take?
A. Our application can be completed in one session but it will take about 3-6 months for Ministry of Law to process and approve the Debt Repayment Plan.
Q. Do I have to apply for this scheme in person?
A. Yes, you have to apply for this scheme in our office as we have to verify your identity, credit bureau report, as well as to propose a comfortable debt repayment solution. Our consultation is free and non-obligatory, you do not have to make any decision during our consultation. Click here to arrange an appointment with us.