What are Debts 

DEBTS IS MUCH MORE THAN MONEY
DEBT TRAP

When someone enters the debts trap cycle , continual borrowing that leads to increased debt, increasing costs, and eventual default.

Borrowing from Loved Ones

Making Minimum Payments

Taking more loans from licensed and unlicensed money lenders

Selling assets

A debt trap is a situation in which a borrower is led into a cycle of re-borrowing, or rolling over, their loan payments because they are unable to afford the scheduled payments on the principal of a loan. 

DEBT CREDITORS
Below we compare two illustration of different programmes . One from the
banking sector whilst the other from a government programme.
As seen below : 
BANKS
Source : Straits time
DEBT RESCUE 
Total Debts : $56,700
He was initially paying 7 creditors from the
banks at an amount of $1,700.
After Bank programmes kick in he is paying 
$1,220/mth for 7 years .
New total : $1,220 * ( 7 * 12 ) = $102,480 
Total interest incurred : $45,780 
 
Total Debts : $50,045.07
He was owing debts to 4 creditors .
After government programme kick in he is paying 
$300/mth for 5 years .
New total : $300 * ( 5 * 12 ) = $18,000 
Total interest incurred : $0
Total Discounts : $32,045
 
[Shown above are actual case studies]

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Contact details

A'Posh Bizhub, 1 Yishun industrial Street 1

#08-19A
Singapore 768160

Debt Rescue by Edudebt is a debt solution 

company. They are not affiliated with any 

banks nor any financial institutions . The company

assists clients only though government assisted

programmes to bring the community to be debt 

free.

Operating Hours : 10am to 8.30pm

(Excluding Sundays and Public Holidays )

+65 96887217 ( 24hrs )

contact@debtrescue.sg

Except Sundays

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