Category: Uncategorized

Debt consolidation is the mechanism the Singapore regulator set up specifically for this situation. It rolls all your outstanding moneylender debts into one new loan, with one repayment schedule, one interest rate, and one due date. This article explains how the Debt Consolidation Scheme (DCS) works, who’s eligible, the role of social service agencies, the…

The term “payday loan” gets used loosely in Singapore lending content, and it doesn’t quite mean what it means in the US or UK market. This article explains what a payday loan actually is in the Singapore context, how it’s regulated (yes, the 4% per month interest cap applies), what to budget for, when it’s…

If a bank has declined your loan application because of your credit history, you’re not out of options — you just need to understand what those options actually are, what they cost, and when to use them. This article covers what “bad credit” means in the Singapore lending context, how licensed moneylenders assess applicants whose…