Differences between a licensed moneylender and a loan shark

Singapore is a hotbed of financial crime. Loan sharks are lurking at every corner. Your data is already available to them. They will contact you in various creative ways, making it hard for you to tell them apart from a licensed moneylender. Consequently, you will end up losing your hard-earned money and in some cases, also your personal information that will be used to bombard you with even more scams or worse yet, for extorting more money out of you by means of leverage. Loan sharks are a type of illegal business. You should never deal with them. It’s critical, […]

Effects of compounding interest

Compound interest means interest earned on top of previous interest. The interest you earn on a principal amount is reinvested as part of the principal amount so that in the next cycle, you’re not earning interest just on the original principal amount but the combination of the principal amount and the interest earned so far. Whether for the good or the bad, compound interest affects us all by thousands of dollars. Credit card debt, retirement accounts, personal loans, investments, and so on – compound interest is everywhere and changing our finances as we speak. You need to get a good […]

Things to know about credit counselling in Singapore

Credit counselling is a process that helps debtors with debt settlements. The tools usually employed for effective credit counselling involve financial education, budgeting, and the basics of certain software. The ultimate goal of credit counselling is to reduce and eradicate debt. It sounds pretty neat on paper, doesn’t it? But there’s more to credit counselling than meets the eye. For example: It’s no magic trick. Your debt won’t disappear. More than likely, you will need to make choices that aren’t the most convenient or comfortable for you. You will need to strictly adhere to the counselling for it to work. […]

Apply for a Grab Taxi Loan 2019 with Fast and Easy Approval

What can Drivers benefit from a Grab Taxi Driver Loan? With the high cost of living in Singapore, many people might be looking for a side hustle to shore up their income. Whether you are self-employed or a salaried person, driving for Grab taxi hailing services should be at the top of your money making list. Grab has definitely revolutionized transportation in the city. Due to the huge price tag on cars as well as the high maintenance fee, most people in Singapore prefer cab services. Hence, it is a good reason to join the taxi hailing business with all […]

6 Cost Saving Hacks Every Singapore Household Should Try in 2019

If you are living in Singapore in the year 2019, you will REALLY appreciate how tough these times are compared to just 3-4 years ago. Despite being one of the highest per capita economies in the world, Singapore is also renowned for a high cost of living. In fact, this is the most expensive city. Whether you are in the upper or lower earning brackets, you will still feel the pinch. This is the main reason your financial advisor will recommend cost-saving measures to ease cash flow issues. Of course, there are many online experts who promise quick-fix financial solutions […]

Applying For An Urgent Fast Cash Loan In Singapore 2019: 5 Situations Where Urgent Fast Cash Loans Can Be Useful

Do you have moments where you require a certain sum of money quick for personal issues such as medical emergencies, or an overdrawn bank account but have no where to turn to? Times like these can be tough and depressing, which is why Credit Matters is here for you. At Credit Matters, we understand that such situations are sometimes inevitable. Hence, we believe that they should be dealt with swiftly so that you can have a peace of mind. Which is why we introduced fast cash loans. An urgent fast cash loan is a credit facility where you will be […]

10 Reasons for Hair Loss and How Hair Loss Loans Can Help You (Singapore 2019)

Hair loss is actually a common condition around the world. It is a problem feared by both men and women. It is no surprise to see this in Singapore as well! Most hair loss sufferers have no idea why their hair started falling out. It could be receding hairlines, thinning hair or bald patches. People who suffer from hair loss may choose to undergo hair loss treatments to help improve their appearance. These procedures can be costly. To help with the fees, one can apply for financial help with a hair loss loan. Nonetheless, the first step to solving the […]

Weight Loss Surgeries in Singapore: Poor Eating Habits, Available Procedures and Getting a Weight Loss Loan to Finance Them

Being obese or plagued with weight issues affect both your physical health and your emotional well-being. In the twenty-first century, many people are influenced by social media, fashion, trends, and are fixated with having the best appearance, looks and figure. Other than emotional challenges, there are also health problems that one cannot ignore. People with a high body mass index are at a great risk of suffering from many health issues such as type 2 diabetes, sleep apnea, high blood pressure which leads to stroke, heart disease and high cholesterol, gallstones and many others. This causes some to take a […]

Costs You Did Not Expect When Getting A New / Used Car And How Car Loans Can Help You (2019 Update)

Having a car seems great. It brings convenience and prestige. It means that you get to drive comfortable around Singapore and not have to squeeze with the crowd on MRTs and buses, shuffling with all the people and standing through peak hours. Getting a car means that one gets to travel to different places conveniently and comfortably with independence. While having a car brings so many benefits, getting a car in Singapore however, is not very cost-friendly. As compared to other countries such as Malaysia where almost every household has their own cars, less than 20% of Singaporeans actually own a […]

5 Things to Prepare Financially For A Vacation and How A Vacation Loan Can Bring A Stress-Free Holiday (2019 Update)

Going on a vacation is both exhilarating and refreshing! We all know that Singaporeans enjoy travelling and going for a holiday. Be it a short weekend getaway or a long relaxing trip to Japan or the USA, a lot of financial and logistical planning will be needed before the trip. It is best to be prepared financially. What are some of the necessary financial preparations? Here is our condensed list: 1. Inform the credit card issuers: The traveller should remember to inform his or her credit card providers of the planned vacation. The lenders should have details of the […]

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Find out more about moneylending in Singapore, courtesy of Credit Matters.