Credit debt

Sukisundar

Member

Member since 15 July 2017

Singapore

Sukisundar

15 July 2017 16:56:46

Sukisundar

15 July 2017 16:56:46

Singapore

I am owing 12 k in two banks.but i dont have that much fund.but now i am working in singapore.if i will not pay my debt it will affect my job and my future.so pls advise in this concern.thanks

surya2k

VIP Member

Member since 22 June 2014

Singapore

surya2k

15 July 2017 18:24:19

2889

surya2k

15 July 2017 18:24:19

2889

Singapore

What kind of advice you need from here? Only way to save your job and career in Singapore is to discuss with the banks and tell them that present you are unable to pay but plan a monthly minimum payment for over a years so that you can clear the payment. Or else there is no other way to overcome this issue. Good luck

beppi

Germany - Singapore Expert

Member since 08 August 2010

World Citizen

Germany & Singapore Expert

beppi

15 July 2017 23:11:04

14818

beppi

15 July 2017 23:11:04

14818

World Citizen

Bad financial planning is not a crime, and happens to many. It's the way you deal with it that may make it a problem.
Not doing anything might cause the bank to sue you - and that will endanger your future in Singapore.
Finding a solution with the bank (and learning from it for the future) is the far better option.