JENSEN WORK
DEBT CONSOLIDATION PROGRAM
Evaluate Your Financial Situation to Determine a Realistic Payment Plan
Debt Consolidation Program (DCP)
A Debt Consolidation Plan (DCP) is a debt management tool that allows you to combine all existing credit card debts and personal loans into a single loan with a lower interest rate. This loan is then repaid through automatic monthly payments, similar to a personal installment loan.
Our Process
1.
Evaluate Your Financial Situation
We help assess your current financial status to determine a realistic and manageable payment plan.
2.
Create a Budget
Our advisors assist you in creating a budget that meets your financial needs and goals.
3.
Develop a Debt Consolidation Plan
We design a plan that consolidates your debts into one monthly payment, simplifying your finances and reducing stress.
Example of How Debt Consolidation Works
Credit Card Outstanding Balance:
RM5,000 with a monthly minimum payment of RM250
Credit Card Outstanding Balance:
RM13,000 with a monthly minimum payment of RM650
Personal Loan:
RM25,000 with a monthly installment of RM1,500
Student Loan:
RM40,000 with a monthly installment of RM200
Hire Purchase Loan:
RM50,000 with a monthly installment of RM800
Previous Monthly Installment:
RM3,400 to six different banks with various payment dates
New Monthly Installment:
As low as RM600 with a single payment to one bank
Debt Consolidation Benefits:
One Single Payment: Simplify your finances with one easy payment to a single bank.
Lower Interest Rates: Benefit from an average lower interest rate and flexible repayment terms.
Flexible Repayment: Enjoy the flexibility of repayment options tailored to your financial situation.
