Campaign, Credit & Loan

Receive up to S$300 NTUC Vouchers when you apply for any of these credit cards! (7 – 28 Feb 17)

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There’s no better time to apply for a credit card. Forget road shows –  for the first time ever, you can receive up to S$300 NTUC vouchers in addition to the bank’s sign-up promotion when you sign up for any of these credit cards. Whether you want to enjoy cash back or accumulate miles, credit card when used responsibly can be a way to stretch your dollar further. Wouldn’t it be great to save a little on things you usually spend on?

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Credit & Loan

Newbie’s Guide To Singapore’s Credit Bureau

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The Credit Bureau (Singapore) is a principal credit consumer agency, which has the most comprehensive industry uploads originating from all the major financial institutions and retail banks. Credit Bureau (CB) is a joint venture between the “Infocredit Holdings Pte Ltd.” and “The Association of Banks in Singapore”. The Monetary Authority of Singapore’s (MAS) vision to improve the public’s risk management capabilities is in lined with the holistic embodiment of CB. How is this so? The Banking Act allowed the members

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Credit & Loan

The Perils of Short-Term Business Loans

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It’s almost inevitable that life will have the occasional financial pinch. Having to meet financial deadlines is not just reserved to everyday life bills. Many times business owners, especially small business owners, are faced with the pressure of meeting deadlines for vendor invoices, inventory and payroll. When faced with tight financial situations, some business owners consider short term loans as a way to keep the ship afloat. That being said, these loans come with their own unique risk profile that

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Credit & Loan

Mind-Blowing Facts About Debt

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FACT #1: SINGAPORE’S DEBT-TO-GDP RATIO RANKS THIRD IN THE WORLD With a Debt-to-GDP ratio of 382%, Singapore ranks third in the world according to a 2015 report published by McKinsey Global Institute. The global report found out that Japan lead with 400% followed by Ireland and Singapore. This significant percentage includes the total debt of the government, households, and non-financial corporations. It comes no surprise that a large part of the country’s debt hails from the corporate sector. FACT #2:

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