Debt Restructuring

Debt Restructuring IDMS also assists clients by providing a plan of action to restructure their debts, if needed, based on their total debt burden and ability to repay. This includes settling credit cards, reducing outstanding balances, decreasing monthly payments, switching loans from high-interest rates to low-interest rates, and resolving delinquencies.

Credit Card Restructuring

When individuals have past due amounts on their credit cards, it is advisable to settle them in one payment if possible. If a lump sum payment is not feasible, restructuring with a reduced interest rate is recommended. IDMS experts assist clients in restructuring their credit cards and propose viable options after analyzing their repayment capacity:

• Restructuring credit cards over 4 years with reduced interest rates
• Restructuring credit cards over 12 months at 0% interest

Personal Loan Restructuring

Managing monthly instalments can become challenging for individuals with multiple personal loans and high interest rates, given their limited income. IDMS experts help them restructure their loans with reduced interest rates and longer tenures, enabling them to manage repayments within their income bracket without further borrowing or defaulting in the future.