11-May

The Importance of Debt Counselling in the Debt Consolidation Process

The Importance of Debt Counselling in the Debt Consolidation Process

Debt consolidation helps reduce debt cost, but debt counselling is crucial for long-term financial stability. A debt counsellor assesses financial situations, creates a budget, and identifies debt relief options. Debt consolidation is not a magic bullet, but a tool to manage debt effectively.

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17-Apr

Breaking the Cycle of Payday Loan Debt: Strategies for Financial Recovery

Breaking the Cycle of Payday Loan Debt: Strategies for Financial Recovery

Payday loans can often seem like a quick fix to a financial emergency, but this temporary solution can quickly become a long-term problem for many.  Payday loan debt can become an ongoing cycle challenging to break free from, leaving borrowers drowning in a sea of interest payments.  This article provides helpful strategies for breaking the payday loan debt cycle and…

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3-Jan

When should i get a Credit Card?

When should i get a Credit Card?

There are a few key times when getting a credit card can be especially beneficial for a Singapore resident: Things to Consider Before Getting a Credit Card in Singapore Before getting a credit card in Singapore, there are a few things you should consider: In conclusion, a credit card can be a valuable financial tool when used responsibly in Singapore.…

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3-Jan

Getting Rid of Credit Card Debt

Getting Rid of Credit Card Debt

If you’re struggling with credit card debt in Singapore, you’re not alone. Credit card debt is a common issue faced by many individuals in the country. According to the Monetary Authority of Singapore, the average credit card debt per household in Singapore is over SGD 10,000. If left unchecked, this debt can quickly spiral out of control and cause significant…

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3-Jan

Licensed Moneylenders in Singapore – South

Licensed Moneylenders in Singapore – South

HHL Credit Pte. Ltd. HHL Credit Pte. Ltd. is a licensed moneylender in Singapore that offers a variety of loan products to individuals and businesses. They offer personal loans, payday loans, and business loans, with flexible and affordable loan terms. HHL Credit has a simple and convenient online application process, and they are known for their fast approval times and…

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11-Dec

Should i take a Bank Loan with OCBC?

Should i take a Bank Loan with OCBC?

OCBC Bank is a major financial institution in Singapore that offers a range of loan products to individuals and businesses. Some of the types of loans that OCBC Bank offers include: There are a number of reasons why there may be better alternatives to bank loans. First, bank loans may have higher interest rates and fees than other types of…

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11-Dec

Should i take a Bank Loan with DBS?

Should i take a Bank Loan with DBS?

DBS Bank is a major financial institution in Singapore that offers a range of loan products to individuals and businesses. Some of the types of loans that DBS Bank offers include: Personal loans: DBS Bank offers personal loans to individuals who need financial assistance for a variety of purposes, such as home renovations, education expenses, or debt consolidation. These loans…

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11-Dec

Unlicensed Moneylenders

Unlicensed Moneylenders

Unlicensed moneylenders, also known as illegal or rogue moneylenders, are individuals or entities that provide loans without a valid license from the government. In Singapore, it is illegal to operate as a moneylender without a license, and unlicensed moneylenders are not regulated by the authorities. Borrowing money from an unlicensed moneylender can be risky, as these individuals and entities are…

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