The process of getting a loan is long and complex. We have broken down the steps of getting a credit loan in Singapore into several steps and explained each step for you to understand. The first step of getting a credit loan in Singapore is where the borrower decides how much cash they need and [...]
The main difference between secured and unsecured personal loan in Singapore is that a secured loan requires the borrower to surrender collateral to the lender while an unsecured loan does not. Collateral is something of value, such as a log book, title deed, or savings account. The collateral value should be equal to or more [...]
A licensed money lender in Singapore is one who is registered under the ministry of law. He/she is allowed to give loans to Singapore citizens. The licensed lender’s operations are regulated by the government. This makes them secure, and many people prefer to borrow from them. There are many advantages to dealing with a licensed [...]
A debt management program refers to a set of activities laid down by a credit counseling company to aid a debtor in paying off high-interest rates. These debts include credit cards, medical bills, and emergency personal loans. In Singapore, a debt management program has been initiated, but Credit Counselling Singapore with a backup from the [...]
Life is all about hustling on a day-to-day basis to make ends meet. Sometimes, even when you push hard, financialconstraints emerge. For an example during the time when COVID-19 Crisis came in, travel restrictions were put in place, and this kind of restricted movements hindered economies from booming. This saw a great revolution of borrowers [...]
When there are no other options left, you might seek the easiest way to make some money. Most people immediately think of credit cards, as it offers an instant financial solution without applying for a formal loan. However, this comes with an extreme cash burden and has the potential to cost you a fortune. Hence, [...]
