Personal Loan Debt Management Advisor & Consolidation Consultant in Malaysia
What do Debt Consolidation Advisors and Consultants do?
As your debt consolidation consultant and management advisor in Malaysia, we’re dedicated to achieving Xceptional results by helping you reduce your commitments and paving the way to a brighter future.
Reviewing Finances: Looking at your income and expenses to understand your situation.
Suggesting Options: Recommending ways to consolidate your debts, like loans or credit card balance transfers.
Creating a Plan: Helping you set up a manageable repayment plan.
Negotiating with Creditors: Talking to your lenders to get better payment terms.
Offering Support: Guiding you throughout the process to keep you on track.
Personalize Debt Consolidation Loan in Malaysia
XCLUDE DEBT
Our Xclude debt consolidation services in Malaysia are tailored to empower people and assist them in finding a durable solution. We have a team of professional debt consolidation consultants and advisors who will guide you precisely in your debt consolidation journey.
Through the acceptance of a personal loan for debt consolidation in Malaysia, you will be able to reduce your monthly commitments. This will relieve you from the challenges of managing multiple debts all the time, including your mortgage loans, credit cards, and car loans.
Using our experience, we will guide you through securing a tailored loan that enables you to consolidate all your existing debts and start afresh with a straight line toward a better future.
Our goal is to provide you with the means to regain control, eliminate stress and create an auspicious future.
Benefits
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Lower Monthly Commitment
Debt consolidation will help you organize your obligations by combining different credit cards, personal loans, or car loans into one or two loans, ultimately lowering the monthly commitments. As a result of this simplified method, management is successful, and there is less stress.
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Lower Interest Rate
One of the advantages of debt consolidation is securing a new loan with a lower interest rate, often as low as 3% per year and potentially extending the repayment term. This significant decrease in the interest rate results in reduced installment amounts, making it a wise decision.
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Avoid Poor CCRIS Record
Debt consolidation mitigates the risk of poor CCRIS records caused by high monthly commitments, late payments, or excessive credit card usage. It reduces monthly obligations, making loan payments more manageable and helping prevent potential loan rejections in the future due to unfavorable credit records.
Rejection Reasons
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A common pitfall is overusing credit cards, often near or beyond their limits, before applying for a loan. Such behavior can significantly lower one's credit score, leading to loan rejections due to a poor CCRIS record. Responsible management is crucial to avoid this setback and secure loan approvals.
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Many individuals apply for bank loans when their existing commitments already exceed the debt service ratio (DSR) guidelines. High commitments can lead to loan rejections, as it indicates a stretched capacity. Prioritizing responsible debt management and staying within recommended DSR limits is essential to increase loan approval chances.
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Delaying loan payments for 1 or 2 months due to high commitments and then applying for a bank loan is a risky strategy. Banks often reject such applications when they observe two consecutive months of late payments, emphasizing the importance of timely repayment for loan eligibility.
3X Solutions
3X SOLUTIONS
High card usage
High credit card usage, as evidenced by a CCRIS record where the outstanding balance approaches the card limit, poses significant challenges. Firstly, it often results in loan rejections due to poor credit scoring; ideally, maintaining credit card usage below 60% is advisable. Secondly, banks calculate 5% of the outstanding balance as a monthly commitment, contributing to high commitment levels that may lead to rejection.
Our solution focuses on helping you effectively manage your credit card usage to improve your chances of securing a bank loan approval, ensuring a more stable future.
3X SOLUTIONS
High commitment
High commitments, as reflected in a CCRIS report nearing RM10,000 monthly, can hinder loan approval, typically requiring a minimum monthly income of RM20,000. Such high commitments often result in occasional late payments.
Our solution focuses on reducing existing commitments, enhancing credit scores, and improving the debt service ratio before applying for a bank loan.
This approach aims to increase your chances of loan approval while promoting better stability, making it more feasible to achieve your goals.
3X SOLUTIONS
Late payment
Late payments, whether from a CCRIS report, participation in the AKPK program, or having a Special Attention account, can lead to upfront loan rejections by banks. Typically, when there's a history of two consecutive months of late payments within a year, loan applications are denied.
Our solution focuses on helping you eliminate these late payment records, thus improving your credit score.
This approach enhances your eligibility for bank loans, ensuring a smoother process for obtaining assistance and enabling you to manage your commitments more effectively while pursuing your objectives.
XCLUSIVE ADVICE
Contact us today!
At Xclude Debt Consolidation Service, our Xpert debt consolidation consultant and management advisor team offers Xclusive advice to tackle high card usage, excessive commitments, and late payments. We are dedicated to achieving Xceptional results by helping you reduce your commitments and pave the way to a brighter future.
Contact us for other service information: Xtra Cash, Xpand Biz