UPDATE: We now have a new feature that dynamically lists the top 10 licensed moneylenders in Singapore in real time.
Taking a loan might sound like a great idea if you want to buy the latest smartphone or to go on a holiday. ‘I will repay it in a few months and everything will be ok’, you might say.
It is normal that everyone wants to live better. The numerous types of credit products on the market let many people boost their lifestyle, but also land others in a big trouble. Taking a loan does not mean that you have just received a gift from the bank. It is an obligation you will need to fulfill or it can ruin your life. Continue reading “Not paying your loans on time can ruin your life”
Do you have relatively decent income but still have many loans and for some reason you cannot repay all of them on time? You might wonder where all the money goes and why you are always out of money at the end of the month. Are you watching enviously friends that have the same income but live on their own home, drive a new car and travel all the time, wondering what is wrong with you? Here are some possible answers. Continue reading “How to live on credit without falling into debt”
In 2014, around 43.6% of Singapore’s population belong to the “young” age group, or people aged 15 to 44 years old. Because of this, weddings are quite common in the country. In 2015 alone, more than 28,000 couples got married. Continue reading “Getting Married: Should You Borrow to Pay for Your Wedding?”
Moneylending makes up a small portion of the total consumer credit market in Singapore, with moneylenders providing less than 1% of total consumer loans.
Continue reading “Moneylending in Singapore”
The Singapore Police Force has arrested 90 people in connection with unlicensed moneylending activities. The suspects consisted of 61 men and 29 women over a period of three days. Continue reading “Unlicensed Moneylending Activities Lead to More Arrests in 2016”
With the high cost of living in Singapore, it is not surprising that many people find themselves in debt. However, you can still live in Singapore while retaining total control of your financial position and avoid getting into debt. Just make sure you know how to stay out of debt! Continue reading “How to Stay Out of Debt in Singapore”