There are various reasons why Singaporeans apply for a loan. Even those with regular good paying jobs experience getting payday loans, it may not be for an emergency reason, but rather for a leisure that is hard to pass up. From a grand house renovation to buying a brand new car, it is convenient to know how much you will have to pay monthly before actually starting the loan process.
All the things you need to know about different type of loans and borrowing money. Cash Mart offers good source of information and tips about money lending.
The lending industry is ever evolving as Singaporeans are not afraid to venture more on it now that the needs for loans are becoming common in the society. With the tightening competition, each loan provider hustles to create innovative products and solutions to cater the expanding market.
Last June 6, a 19-year-old was apprehended along Woodlands Avenue 2 after he was reportedly involved with splashing paint and creating loan shark related graffiti on a residence at Tampines Street 45. Aside from the said case, the youth is also suspected to be involved in similar activities in Bedok and Bishan.
Crowdfunding has now become appealing to many entrepreneurs in Singapore who aim to have enough capital to either start or expand a business. Its impact and potential was not publicly felt until Gabriel Kang raised $1,250 through a crowd funding website Indiegogo for a Vietnamese tourist who got scammed in Sim Lim Square after he intended to buy an iPhone6. The news spread internationally, and crowdfunding seemed too good or is it too good to be true?
People have different reasons why they apply for loans, unknowingly they make mistakes that may cost money and time. Certain mistakes are easy to avoid, read on to know and understand each, so you won’t end up regretting like many others.