Feeling the strain of financial obligations and grappling with the weight of clearing your debts owed to authorized moneylenders? Rest assured, you’re not alone in this predicament. Many fellow Singaporeans face similar challenges, and it’s crucial to be aware of the available resources for assistance and guidance.
In this article, we’ll delve into various organizations that specialize in credit management, counseling, and negotiating suitable repayment plans. Whether you’re seeking personal loans or support in managing your existing debts, this piece aims to provide you with valuable insights on finding help for repaying moneylender debts.
A Quick Look
Before we dig into the nitty-gritty, let’s quickly go over the main things to remember:
- The Registry of Moneylenders doesn’t help with working out debt repayment plans between borrowers and moneylenders.
- In Singapore, there are social service agencies that offer valuable support for dealing with debt issues.
- Some recommended agencies are Adullam Life Counselling, Association of Muslim Professionals (AMP), Arise2Care Community Services, Blessed Grace Social Services, Credit Counselling Singapore (CCS), One Hope Centre, and Silver Lining Community Services.
- These agencies provide helpful information on managing credit, offer counseling services, and can assist in negotiating debt repayment plans.
The Role of the Registry of Moneylenders
Okay, let’s dive into what the Registry of Moneylenders is all about. This important organization is in charge of overseeing licensed moneylenders in Singapore. Their job is crucial because they make sure that everything is done correctly and in accordance with the rules.
Now, it’s important to keep in mind that the registry doesn’t get involved in the repayment plans between borrowers and moneylenders. That aspect is considered a private agreement between the two parties involved. So, if you need help with managing your debt repayments, we’ll have to explore other available options.
Social Service Agencies: Your Beacon of Hope
We’re pretty lucky to have some amazing social service agencies here that genuinely care about helping people like you. These organizations are like beacons of hope, offering all sorts of support to get you through tough situations. Let’s check out what they’ve got to offer:
Adullam Life Counselling
Adullam Life Counselling is here to lend a hand if you’re dealing with overwhelming debt. As a non-profit organization, they’re all about offering practical assistance and support. Don’t worry, their Christian foundation doesn’t mean they’re exclusive. They happily serve everyone in the community, regardless of race or religion.
If you’re feeling the weight of financial strain, they’ve got your back. Their dedicated team provides regular counseling sessions for both individuals and their loved ones, aimed at easing worries and promoting recovery. Plus, they’re pros at negotiating directly with creditors. This means they can work out more manageable payment plans, giving you a better chance at gradually overcoming your debts over time.
Address: 151 Chin Swee Road #08-04 Manhattan House Singapore 169876
Tel no.: 9423 8832
E-mail: [email protected]
Association of Muslim Professionals (AMP)
Ever come across the Association of Muslim Professionals (AMP)? They’re a non-profit organization solely focused on supporting our Muslim community. They understand that life can throw us unexpected hurdles, which is exactly why they’re here – ready to lend a hand-tailored just for you.
Whenever you find yourself in need of some guidance, a listening ear, or practical solutions to your challenges, AMP has got your back. They offer personalized consultations to address your specific needs. And guess what? You don’t have to face these obstacles alone. AMP also organizes support group sessions where you can connect with others who truly understand and can relate to what you’re going through.
Address: 1 Pasir Ris Drive 4 #05-11 Singapore 519457
Tel no.: 6416 3960
E-mail: [email protected]
Arise2Care Community Services
Arise2Care Community Services is the kind of place where you can feel at ease, knowing they’re there to support you in overcoming financial challenges. Their mission is simple: to help individuals like yourself find their way out of debt. They offer credit counseling, practical advice on managing debts, and valuable financial education. With their guidance, you’ll gain the knowledge and tools needed to improve your financial well-being. Embrace the opportunity to make positive changes in your life through effective debt repayment strategies with their assistance.
Address: No. 5 Harper Road #02-01A Singapore 369673
Tel no.: 6909 0628
Email: [email protected]
Blessed Grace Social Services
Introducing Blessed Grace Social Services Ltd, or simply BGSS, a recognized non-profit organization dedicated to assisting individuals in challenging circumstances. Whether it’s folks grappling with financial burdens, gambling issues, or the elderly and less privileged members of our community, BGSS is on a mission to create positive change.
They don’t just make empty promises – they’re actively working to make a difference. By establishing support networks and recovery programs, BGSS aims to break the cycle of addiction and indebtedness, enabling people to reclaim their inner strengths and embark on a path towards a brighter tomorrow.
Address: 16 Arumugam Road, #04-02B Block D, LTC Building Singapore 409961
Tel no.: 8428 6377
Email: [email protected]
Credit Counselling Singapore (CCS)
Credit Counselling Singapore (CCS) is here to help you with your debts. As a non-profit organization and registered charity, they’ve assisted over a thousand individuals in resolving their unsecured debt issues. With their expertise in education, credit counseling, and debt restructuring, CCS can guide you towards a more manageable financial outlook. Note that they specialize in handling debt cases with banks. Reach out to Credit Counselling Singapore for support on your journey to financial well-being.
Address: 51 Cuppage Road #07-06, Singapore 229469
Tel no.: 6225 5227 / 6338 2663
Email: [email protected]
One Hope Centre
Ever heard of One Hope Centre? They’re a non-profit organization here in Singapore. They’re all about lending a helping hand to people who are going through tough times because of behavioural addictions like gambling problems or excessive spending. They’ve got a whole range of services to support individuals and families dealing with these issues. We’re talking about counselling sessions, support groups, and even group therapy.
It’s like having a friendly support system by your side when you need it most. The best part? One Hope Centre is a registered Institute of Public Character, so you know they’re legit and genuinely care about making a positive impact in our community.
Address: 8 New Industrial Road #04-04B LHK 3 Building Singapore 536200
Tel no.: 6547 1011
Email: [email protected]
Silver Lining Community Services
When life throws financial challenges our way, it can be tough to see the silver lining. That’s where Silver Lining Community Services Ltd (TSL) steps in. As part of Kingdom Life Community Church, they’re a non-profit organization committed to assisting individuals and their families with debt management counseling.
At Silver Lining Community Services, they understand the hardships caused by financial difficulties. That’s why their dedicated team is here to provide immediate assistance in managing your debts. They work closely with various moneylenders, making it easier for you to create an affordable repayment plan that suits your situation.
Address: (East) 11 Playfair Road Singapore, (West) Jurong Spring CC, 8 Jurong West St 52 Singapore 649296
Tel no.: 6749 0400
E-mail: [email protected]
Thoughts
Facing financial difficulties can be overwhelming, but remember, you’re not alone in this journey. There are social service agencies in Singapore that are committed to assisting people like you in overcoming challenges with repaying debts to moneylenders. Take that crucial first step and reach out to them today. By seeking help, you’re actively and bravely paving the way toward a brighter financial future.
However, if you find yourself in a situation where clearing your debts still seems out of reach, don’t worry—Accredit Moneylender is here to lend a helping hand. They specialize in consolidating new loans, which means you can repay smaller unsecured loans and liabilities. With their support, you can regain control of your finances and set yourself on the path to financial stability.
