Services

How Many Malaysians Are in Debt?

According to a 2018 report by Bank Negara, eight in 10 Malaysians have debt in some fashion, most often because of a mortgage. Increasingly, people are carrying debt into retirement, a new trend from previous generations, when people accumulated debt at young ages, but set goals to have it erased when they were older.

FINSOLUTION SERVICES

What matters to us is YOU People are at the center of everything we do. We work to improve people’s quality of life through financial wellness. That means treating you with respect and care, and designing our services and solutions to work for you. We listen with respect, and offer compassionate, professional guidance, information and tools to help you on your journey to your dreams.


Financial wellness is a journey FINSOLUTION MANAGEMENT SDN. BHD. believes that financial health is a path to achieving dreams. It means having stability and freedom. Having options and being able to work toward your goals. Maybe that’s a bigger home. Or a different job. Or a better school for your kids. It’s different for each of us, but taking control of day-to-day financial choices is the foundation for creating more opportunities. Because our dreams are that much closer when we’re financially healthy.


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Credit Counselling

Credit Counselling is a FREE SERVICE that FINSOLUTION MANAGEMENT SDN. BHD. offer to consumers who are having difficulty paying their credit card, and other unsecured bills. The purpose of a credit counselling session is to identify the reasons someone is having trouble paying their bills. Our nationally and independently-certified credit consultant will analyse all income and expenses and come up with a personalized action plan based on that person’s unique situation. If this FREE DEBT ANALYSIS indicates that the consumer will benefit from various possible solutions, only then will the consultant offer one. There is never any obligation to enrol in any of the plans after a Credit Counselling or a Financial review session.

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Debt Management Programs

DMP is one of the most effective method of resolving unsecured loans. It is a process of re-organize or restructure all credit cards outstanding balances and personal loans in ONE single account. FINSOLUTION MANAGEMENT SDN. BHD. certified consultant performs a review of consumer’s finances, and only if the consumer will benefit from it and can afford the payments, a debt management plan may be offered as a possible solution. Consumers who enroll in a debt management plan will make one simple monthly payment to creditors included on the plan. Creditors often offer certain benefits to help these consumers get out of debt quickly and with as little cost as possible. Our average debt management plan may help clients reduce 70% on their monthly commitment and are debt free in around 50-100 months depends on the debts size and financial profile. For instance, Mr X has credit cards outstanding around RM50,000, and the minimum payment is 5%. Therefore, he has to pay at least RM2,500 every month. However, after restructuring, the commitment will be reduced by 70%, which is only RM650 monthly. The interest is locked at 7-9% p.a. And he can have more cash flow for other daily expenses. Click our Free Calculator.

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Debt Consolidation Loan

One of the most popular features of our services is debt consolidation loans. Paying multiple creditors – each with different due dates – can be time consuming and stress inducing. With the In Charge debt consolidation alternative, you make only one consolidated debt payment to a single account. This delivers the convenience of debt consolidation without the risk of paying high finance charges from different finance institutions. Clients can put all the existing credit card outstanding and/or personal loans, hire purchase, or even mortgage loans into ONE single loan account. It is easier to manage and save up huge finance charges up to 75%. Our free credit consolidation advice helps you discover your options and pay back your credit card debt faster than making minimum payments on your own.

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Debt to Asset Conversion

It is the solution to transform your personal debts into growing value assets. Clients who have problems in the credit report (CCRIS/CTOS), or clients who having high commitment every month, or clients who aspire to own their own home but ineligible to do so, Debt to Asset Conversion can help clients to transform their household debt to income-generating asset and property, from unsecured loans to become secured loans that generates income for you, instead. Get your financial health check with us and learn how to convert debts into assets as a means of financial security from our consultant. We will provide you the essential aid and foundation in growing wealth through the educational approach of assets ownership.

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Balance Conversion Plan

FINSOLUTION MANAGEMENT SDN. BHD.will guide you through a review of your budget and financial goals in a free counselling session. If you qualify, you can choose which payments you want to be converted into Flexi Payment Plan to reduce high commitment monthly payment. Moreover, it can lock the interest at the fixed rates to minimise the finance charges. Balance Conversion Plan also gives clients more flexibility and have more cash flow space to turn around. We’ll set the service up for you based on your choices. The plan breaks down your monthly loan expenses into smaller, bite-size withdrawals through the month. Then it makes your full payments at the end of the month, so you can worry less about missing a payment.