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4 Things To Consider Before Taking A Loan

Economists argue risk takers achieve financial stability very fast. And history has it that the most successful businessmen operate their business on borrowed money. But acquiring a loan is a complex decision that requires a lot of time and consideration.   Irresponsible borrowing can lead to an enormous financial crisis which will shatter your goals...

Why People Spend more than what they Earn
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Why People Spend more than what they Earn

Overspending is one of the main reasons why many individuals have financial difficulties despite having above adequate salaries. People live from month to month with nothing to fall back on in case of job loss.   An individual can walk into a store intending to purchase a packet of milk only to leave with three...

Clearing Your Debts (2017 Update)
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Clearing Your Debts (2017 Update)

A debt is an amount of cash owed by a debtor to his or her creditor. These two parties could be between people, organizations or countries. Depending on the type of debtor, an accumulating debt can be a problem if he or she fails to constrain it. This may lead to low standards of living...

6 Reasons why Money Lenders are Popular in Singapore
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6 Reasons why Money Lenders are Popular in Singapore

According to statistics provided by the Registry of Moneylenders, there are approximately 163 licensed moneylenders who have issued $163M by 2017 alone. In 2016, moneylenders issued $1,181M compared to $646M issued in 2015. This is a sharp increase and it indicates that more people are turning to moneylenders for personal loans.   Low income households...

Money Lending Laws in Singapore
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Money Lending Laws in Singapore

A moneylender is an individual or company that loans money, secured only by a note as a deed of trust, or against a collateral item or property that is equivalent to or of higher value than the loan given. The main difference from banks and other financial institutions is the high interest rates charge which...

Best Licensed Money Lenders in Singapore
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Best Licensed Money Lenders in Singapore

There are many licensed money lenders in Singapore. But are they all equally good? Are they all equally reliable? How do you know which money lender is good and which isn’t? Basing on their reviews is one way, but how about those who have mixed reviews? Should you listen to the positive reviews or the...

The Reasons behind Singapore’s Success (2017 Update)
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The Reasons behind Singapore’s Success (2017 Update)

Modern day Singapore is a perfect example of a success story. Despite being only being a city, and having no natural resources to its name, it manages to have the third highest GDP around three-hundred million dollars per year, one of the highest GDP per capita, and is one of the fastest growing economies.  ...