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There are times you may encounter financial issues and problems with paying off your debts. There may be emergency expenses such as an unexpected illness or debts incurred. This may be unavoidable and can cause you much stress. There are licensed moneylenders in Singapore that can help you tide through difficult times and enable you … Read more

With effect from 1st June 2012, licensed moneylenders (MLs) have to follow the new rules namely: – Use of Effective Interest Rate (EIR) – Extension of Interest rate caps to wider band of borrowers – Abolishment of upfront feets – Abolishment of all exceptions to unsecured credit rules The authority new guidelines is to : … Read more

If you want that electronic products for your home but don’t have $10,000 to pay for it in one go. No matter: you can pay for it in instalments over four years with no interest, on your credit card – or so banks and retailers would have you believe. What they won’t tell unless you … Read more

We all know how to spend less by sacrificing. From eating out less to buying fewer clothes to cutting back on vacations, saving through sacrificing can be effective, but painful. So if you are looking for ways of saving money, why not start with money saving tips that are relatively pain free ? With a … Read more

The Straits Times Thursday, December 23, 2010 (Forum) We appreciate the feedback from Mr Fong Cheng Cheong (“Aged over 60? Sorry, no loan for you”; last Thursday). We would like to highlight that the bank reviews a number of criteria prior to approving unsecured cash loans or credit cards. The qualifying age for POSB Loan … Read more

Excessive borrowing can lead to financial trouble. Consumers need to ensure that loans taken are well within their means. Here are eight things to consider when taking out a loan. A need or want?Before taking a loan, ask yourself if the item or service is meant to satisfy a need or a want.If it is … Read more