Consolidation Loan

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Consolidation Loan

From car loans to study loans, credit card debts and emergency expenditures, some people may find themselves caught in multiple debts at once. Even with proper financial planning, certain unforeseen circumstances can still lead to a strain in finances and land one into debts. Because of the snowballing interest rates, it soon becomes a challenge to manage the various lenders and repayments. This often causes not just financial burden, but also psychological stress. If this sounds like you, Orange Credit’s consolidation loan could help to put an end to your worries.

Why Debt Consolidation is Important

People who have borrowed money from different independent moneylender companies in Singapore often end up trapped in an unending cycle of borrow-and-pay scenarios. This relentless pressure disrupts not just their ability to cater to spending on basic household amenities and family essentials but can also affect their quality of life and eventually, their social standing in Singapore. Debt that keeps increasing in a short span of time can cause them to go from financial stability to financial ruin.

At this point, most banks and credit companies will turn debtors away from any new loans. There seems to be few avenues that one can turn to for help. However, Orange Credit’s debt consolidation loan can do just that, giving you a chance to restore financial stability and regain peace of mind.

How Orange Credit’s Consolidation Plan Helps

At Orange Credit, we provide debt consolidation services that can potentially help you to get out of the debt cycle. As an approved and legal financial loan company, we are also more than just a regular moneylender as our financial management and debt consolidation methods enable you to extricate yourself from the burden of financial stress and be free from the unending debt repayment cycle.

When you come to Orange Credit for a debt consolidation loan, we will provide you with a one-on-one consultation, which helps us get a clearer picture of your financial status. Together, we will identify the root of the problem and offer advice on wise spending habits, or how to find part-time jobs to increase your income. We will also work out a realistic repayment plan for you so that you can repay your debts steadily within your means.

Benefits of Debt Consolidation

Similar to a personal loan, ​an​ approved debt consolidation loan​s helps you to clear all your other loans and focus on servicing one loan with a fixed tenure. Once you have a debt consolidation loan with us that covers your payables and borrowing, all you need to manage is a single monthly repayment instead of having to manage multiple payments with various moneylenders. In addition, you will have less paperwork to go through and have the convenience of having only one point of contact for making payments.

Debt consolidation with companies can also help you with cash savings as you can have a lower interest rate, which can potentially help you to enjoy bigger savings on your monthly repayments and save a significant amount of money as compared to not having a debt consolidation loan. The savings can then be used to help you recover from your financially stressful position so that you can begin having a new lease on life.

With a debt consolidation loan, you can have a real date on which your debts disappear. It also means that you have an effective and safe way to step off an unstable financial track. Finally, and most importantly, you will now have a reason to believe that you will be able to return to a life filled with peace of mind.

Frequently Asked Questions (FAQ)

A debt consolidation loan is obtaining a new loan to clear off all outstanding loans and debt, which is then combined into a larger, single debt with favourable payoff terms. Individuals who have borrowed money unwisely from various independent moneylenders companies in Singapore often end up trapped in an endless cycle of borrow-and-pay scenarios. With a debt consolidation loan, they can better focus on servicing a single loan with a fixed tenure.
At Orange Credit, a debt consolidation loan comprises of monthly installments of up to 36 months.
Lending requirements for a debt consolidation loan vary between different lenders. You can arrange an appointment with our professional loan consultants to discuss your debt profile and your debt management plan so that you can understand your eligibility.
No. Debt consolidation loan is considered an unsecured loan to pay off any outstanding loans from different lenders.
Contact us at 6748 2320, and our professional loan consultant will guide you through the process.

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