Debt Consolidation
Solve the confusion before you commit. We help you review your profile and explore bank mortgage options that may suit your situation.
Not sure how to manage your existing debts?
Several loan repayments and credit-card balances can make your monthly finances difficult to manage.
Debt consolidation involves using a new bank facility to settle selected existing debts, bringing those repayments together into one. Depending on the offer, it may reduce your monthly instalment or borrowing cost.
However, a longer repayment period may mean paying more overall. Consolidation does not erase your debt.
Solve the confusion before you commit. We help you review your existing debts and explore whether bank debt consolidation may suit your situation.
What brings you here?
Everyone’s financial situation is different. You may be facing one or more of these challenges:
Paying high interest?
You want to compare alternatives and understand whether consolidating could reduce your overall cost.
Unsure whether consolidation is worth it?
You want to compare your current debts with a possible new facility before deciding.
Balances are barely reducing?
You want to understand how a different repayment structure might help.
Let’s understand the challenge and explore ways to solve it.
Too many monthly repayments?
You want to simplify your commitments and keep track of payments more easily.
High credit-card balances?
You want to explore a structured repayment option.
Previously rejected or have late payments?
You want to understand how your current profile affects your options.
Monthly repayments feel too heavy?
You want to explore a more manageable arrangement and understand the trade-offs.
What affects your debt-consolidation options?
Your income and job: Banks may consider your income, employment type, length of service, and supporting documents.
Your existing debts: Outstanding balances, monthly repayments, and the types of debt you hold help determine what may be suitable for consolidation.
Your repayment capacity: Your income and commitments affect whether a new repayment arrangement is manageable. Your debt service ratio (DSR) compares monthly debt repayments with income.
Your repayment history and credit profile: Late or missed payments and other credit information may affect the bank’s assessment.
Your documents: Current loan and credit-card statements, income evidence, and other supporting documents help establish a clear picture of your finances.
The new facility’s total cost: Interest, fees, repayment period, and any settlement costs on existing debts affect whether consolidation makes financial sense.
We help you understand these factors. The bank decides your eligibility and loan terms. A lower monthly instalment does not always mean a lower total cost.
Your next step starts with S.O.L.V.E.
S
O
Share Your Situation
Tell us about your existing debts, monthly repayments, income, and what you want to improve.
Organise Your Documents
We review your profile and help prepare your income documents, loan statements, and credit-card statements.
L
Look at Suitable Options
We explore bank facilities that may suit your circumstances and compare them with your current repayment arrangements.
V
E
Verify and Submit
We check the details with you and support submission to the selected bank, including any required debt-settlement information.
Evaluate Your Offer
If approved, we help you compare the new instalment, fees, repayment period, and total repayment with your existing debts. We also explain the settlement requirements before you decide whether to accept..
Where Ideas
Take Shape
Where creativity meets clarity, and vision meets action.
We believe in doing things differently—with intention, with passion, and with people at the center of it all. Every detail here reflects that mindset.
Let’s understand your situation.
Unsure whether debt consolidation is right for you? Contact Solve Advisor and tell us about the repayments you are managing.
We’ll explain the information needed to review your profile and explore your next step.