The Debt Advisory Centre (DAC) is a one-stop centre that provides advice and education to individuals who face debt problems. The formation of a debt advisory centre was one of the strategies proposed during the 3rd National Convention of Singapore Muslim Professionals, organised by the Association of Muslim Professionals (AMP) on 30 June 2012, to strengthen the community’s financial architecture.
DAC was launched on 1 April 2013. In its pilot year, DAC focused on assisting clients referred by partner agencies and organisations. Its long-term plan is to extend its services to the general Singapore community.
Since its formation in 2013, DAC has assisted over 2,600 clients in debt, serving about 300 clients yearly.
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