Beware of Loan Sharks: Distinguishing Licensed Moneylenders from Unlicensed Ones

loan

At some point, you may need a source of emergency funds for financial issues. Your first option would be to take out a bank loan, but that comes with the anxiety of not knowing whether the bank will approve your request. An easier option is to go straight to moneylenders since they offer a faster …

The “Multiples” Mistakes that Ruin Your Credit Score

Poor Credit Score Report

When faced with a financial emergency, your best bet for some relief is to turn to a licensed moneylender in Singapore. These institutions provide the funds you need to start a business, pay off a debt, or settle an unexpected bill. They offer a quick and painless application process, and they are often more lenient …

Be Careful Of Sharks: Why Legal Money Lenders Are Still The Better Option

Man Disputing Loan

Despite having limited land resources, Singapore has established itself as one of Asia’s most competitive economies. It has developed into a well-known financial centre and a growing wealth management hub. Singapore’s strong links with London as well as its effective economic policies have attracted businesses into investing in the country. The emergence of Singapore as …

Be Your Own Boss: Becoming a Freelancer in Singapore

Laptop, Cellphone, Notepad and Coffee on Table

Freedom, flexibility and financial control. These are three common reasons why people want to ditch their full-time jobs and become freelancers. In Singapore, the freelancing and self-employed community is slowly but steadily increasing. As of 2017, there are between 180,000 to 200,000 freelance and self-employed workers in the country, forming almost 10 percent of the workforce. …

Beware of Loan Predators: Common Loan Shark Scams and How to Avoid Them

Woman handed the pen for signing in loan document

Many foreigners in Singapore find themselves strapped for cash from time to time, especially when they need money for medical emergencies or to pay their bills. These foreigners are in dire need of personal loans to settle their payables, and are, therefore, the most vulnerable to loan shark traps. Some unlicensed money lenders or loan …

How to Receive Financing for Your e-Commerce Business

Paper cartons with a shopping cart

In recent years, Singapore has risen to become one of the most tech-savvy countries in Asia. The country has consistently placed in the top 10 of the Waseda-IAC International Digital Government Rankings which highlights countries that work towards fostering digital innovation in all sectors and industries. Singapore has evolved into a world-class technology hub that …

4 Ways You Can Improve Your Credit Score to Get Better Loan Deals

person holding a credit card

Singapore has two credit bureaus that issue credit scores and reports: DP Credit Bureau and Credit Bureau Singapore. Both institutions track your financial history and compile it in a report containing vital details, such as the type and number of enquiries you made to lenders, repayment track record and loan details. If you find that …