[Post 842] New pilot programme to help debt-distressed people, starts with low-income families

Summary

A new two-year pilot programme by Credit Counselling Singapore (CCS) aims to help debt-distressed people resolve their financial troubles, starting with a group of low-income families. There were close to 1,150 requests for help in the first half of this year, an 18 per cent increase from the last six months of 2023. Tan Huey Min, General Manager of CCS, talks about what it means to be debt-distressed and how someone usually ends up in this situation. She discusses the counselling services provided by CCCS and how the new programme can benefit low-income families.