To some people, loans have a bad reputation as it puts people at risk of falling into a downward spiral of debt. However, loans come in many forms and amounts, and not every one leads to a bad result. In fact, taking out a loan can be a smart and … Continue reading
It is common for students to take up a student loan to fund their studies, especially in higher education. In fact, a survey by HSBC shows that Singaporean parents spend an average of $21K a year just to be able to send their children to university, even if it means … Continue reading
Maintaining a healthy cash flow in business is a big challenge for any business owner. This is due in part to the countless factors that can influence a business’ financial status, from the global economic climate to unexpected costs. With the COVID-19 situation, many businesses have been hard hit, with … Continue reading
Graduations are surely a time to celebrate, but for many, it is also a time of uncertainty. For many graduating students, it means it’s time to step into the working world, and time to repay those study loans. From looking for their first job, to learning how the various bank … Continue reading
When you are in a situation where you need some cash to finance some big-ticket items, or even to fund your business, two credit sources come to mind: term loans and lines of credit. What’s the difference between them, and which is the better choice? Simply put, lines of credit … Continue reading
Personal loan and payday loan are two entirely different type of loan with exception to one thing they have in common – both of them are unsecured loans. In the post that follows, we are going to help you to distinguish between the two loan’s features and benefits as well … Continue reading
We all know that when an emergency arises, we should not let it get over our head. Because if we panic in critical situations, the chances are we will not able to keep a clear mind to make good decisions. At the very least, we need to remain calm to … Continue reading
On 24 February 2016, Ministry of Law (MinLaw) issued a press release announcing that the Moneylenders Credit Bureau (MLCB) will be launched on 1 March 2016. This initiative was first introduced in 2014 as part of a set of more stringent rules to regulate licensed moneylending in Singapore. MLCB is … Continue reading
Not all of us have spare cash to buy what we want. With the cost of everything increasing gradually in Singapore, it is an ironic situation that despite having a good job with a handsome salary, you are still unable to afford your dream house or even your most desirable … Continue reading
