A personal loan can help you amass funds that you would require to pay for pressing expenses. However, if you have a poor credit score, you are likely to find it very difficult to get a personal loan approved. A bad credit rating will spoil your chances of acquiring a personal loan. A poor credit score or a poor credit history indicates your failure to pay back your loan amounts. Hence, if you are finding it difficult to get a
Whether you are borrowing your friend’s stilettos for a wedding or your mother’s mixing bowl for a party, we live in a culture that embraces the culture of borrowing. There are certain rules involving this act such as dry-cleaning the suit that you borrowed. But, do you know the rules involving money? Here are just some commandments to get you started! #1: THOU SHALL NOT BORROW BEYOND YOUR MEANS Your hard-earned income must not revolve around debt repayments. Exhaust your
With the onset of the Christmas season, Singapore nationals will soon start spending big on gifts, decorations and more both online and offline. As a result of this enhanced spending, people will be dependent on their credit cards. During this season, many banks also come up with rewards and promotional offers. One practical step to reduce the effect of your holiday expenditure is to judiciously use credit cards to earn miles and points. There are some who like to shop
When you hear the word “bankruptcy”, you might have found yourself forming a mental image of a destitute and homeless person begging for money on the street while carrying a sign that says, “Will work for food”. While it might sound a bit too extreme for an outcome of bankruptcy, the stigma surrounding the term itself isn’t entirely unfounded as bankruptcy usually serves as a last resort measure that a person considers only when all other options for repaying the
Weigh the advantages and disadvantages of owning a credit card, before signing up for one! WHY YOU MIGHT NEED IT Here are some of the convincing points that highlight how useful owning a credit card is: 1. Practical for Globetrotters Singaporeans desire to discover the world’s wonders beyond its concrete jungle. As travelling became increasingly convenient nowadays, there are several options for payment. One is through credit. There are three primary reasons why travelling with a credit card is practical.