Unable to Pay a Moneylender in Singapore: What Next?
Key Takeaways Being unable to pay a moneylender in Singapore is generally a civil matter, not a criminal offence—unless fraud or wilful misrepresentation is involved. Licensed moneylenders must comply with legal caps set by the Ministry of Law on interest rates, late interest rates, permitted fees, and total repayment. They are prohibited from adding hidden […]
Bad Credit Loans in Singapore: Still Rejected by Banks?
Key Takeaways Bank rejection isn’t the end of the road. If traditional banks decline your application due to bad credit, regulated alternatives are available if you know where to look. Loans for bad credit are available through licensed moneylenders if you meet the eligibility requirements, such as your income and repayment capacity. Borrowers are protected […]