Unsecured Loans Vs Secured Loans: Which Is The Best For You? We all have aspirations and great visions towards economic stability. However, it’s unfortunate that our financial constraints limits our dreams. But taking a loan to finance your idea can be a game changer. There are many financial institutions in the business of lending money....
Factors that affect credit rating Getting a loan from a reliable financial institutions can be a simple or difficult process depending on your credit rating. This refers to the probability that you are able to repay the loan. The process of lending is a risk to banks and licensed moneylenders as there is a chance that the money will not...
The Best Way to Use a Personal Loan Some people fear taking a loan because they do not exactly see the need. Others think they are rich and do not need to borrow anything. Well, money is never enough. If you take a keen look at your surrounding and your life status, you will discover...
Borrowing Money from Loan Sharks or Illegal Moneylenders With today’s deteriorated economy, it is hard to meet the ever-escalating cost of living. Banks and legal financial institutions are coming up with stringent rules of borrowing. And they are continuously rejecting many applicants. This has forced people with the urge for finances to turn to other...
The Singapore Police Force has arrested 90 people in connection with unlicensed money lender activities. The suspects consisted of 61 men and 29 women over a period of three days. During simultaneous raids, six separate police divisions carried out the arrests. Most of the 90 people opened bank accounts to help loan sharks with their illegal money lending...
Guide to Borrowing from a Licensed Moneylender in Singapore? 1. What should I consider before taking a loan? – Consider other alternatives, such as the various financial assistance schemes offered by various Government agencies. – Consider whether you are able to abide by the contractual terms. Bear in mind your income and financial obligations. Thus only borrow...
