facebookShould I approach debt settlement companies to make my mom's debt repayment easier? - Seedly

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Anonymous

09 Oct 2019

Property

Should I approach debt settlement companies to make my mom's debt repayment easier?

I just started work and trying to clear my mum's loan (from HL finance) of more than $50k (borrowed to finance her HDB flat purchase) when I saw online that there are companies offering debt repayment schemes.

Should I arrange an appointment with them or continue to payment to HL finance as per normal? And are there any downsides to joining a debt repayment scheme?

Discussion (2)

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Syafiq Samri

09 Oct 2019

Debt Educator at EduDebt Pte Ltd

If you don’t mind, you can drop me a dm on FB and let me advise you of the best possible route for you?

Gabriel Tham

10 Aug 2019

Tag Team Member at Kenichi Tag Team

Usually the debt consolidation scheme are for very serious cases of debts. But you can give it a try at the various banks and see if the interest rates are lower.

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