My Credit Record With Various Banks Is Bad

When your credit is bad, things can get real tricky as far as borrowing is concerned. However, we have put together a personal loan that is flexible enough to help people with bad credit. We are a top licensed money lender in Singapore and our interest rates are very attractive. We have plenty of experience in the lending industry, which makes us a one-stop-shop for a myriad of financial services.

Regardless of your financial emergency, we provide excellent personal loans to borrowers who are salaried. You can apply for a short term loan using our easy online loan application and we will check it out on the same day. We have fully trained our executives to walk you through the terms of the loan and to help make improvements to your current financial situation. After you have repaid the loan, your credit rating will reflect the repayment that will make it easier to access even more funding in the future.

If your credit profile is bad and you have had a difficult time accessing credit, simply put in a non-obligation personal loan application and we will be able to quickly process your request.

We acknowledge that a financial emergency can occur at any time. It is therefore important that you have a financial partner that you can rely on. With poor credit, you cannot rely on your bank in a financial emergency. If you have already tried to do so, chances are that you have been turned away already.

Short Term Loans: D8 Credit Is One of the Top Moneylender in 2018 for This Type of Credit

D8 CREDIT PTE LTD has been in this business for many years. We are a licensed moneylender and an established institution that offers personal credit in Singapore. Our services are available to all as need arises. It is important to note that we do not require any form of security. For this reason, the interest rate is typically higher than what you would get if you took a secured loan such as a mortgage or a car loan.

The credit we offer is meant to meet your urgent needs and therefore the best short term loan deal is created. Financial emergencies crop up from time to time and we can help by giving you cash on the spot, provided that you meet our requirements. We ask for particular documents that you will need to submit with your application, and once the loan is approved, we sign the loan agreement and hand over the cash.

We encourage our clients to only take as much as they need to resolve the urgent matter, and then to do their best to try and pay back in as short a time as possible by making larger installments if this is possible. By doing this, the debt is cleared faster and in a shorter period of time. It also goes a long way in opening up your servicing ratio, meaning that it will become easier for you to access credit in the future.

Licensed Money Lender Vs Loan Shark Aka “Ah Long”

(MAS) also known as the Monetary Authority of Singapore has portrait a gloomy economic upcoming in Singapore. Due to the increasing of prices and daily expenses continue to be on the raise.

At the back-end, more individuals are searching for easy access to loans. Local banks have become strict than before and bank rules starts to become tougher.

This has create a growth in unlicensed money lender activities.

Although loan sharks have been around for more than a decades, they are trickier than before. Many people who borrows from loan shark instead of licensed money lender are not aware that they are falling for their scams. Although IPTO has create very strict laws to control loan shark. It is always vital to stay on the alert when searching for financing.

Always try to get more information about who you are borrowing from. And you need to be sure that you are approaching a licensed money lender and should verify with the authority when needed.

Fake Licensed Money Lender Tell-Tale Signs

If you are wondering if you are borrowing with a loan shark you may want to go through the below to learn more. Loan sharks are using new tactics to check borrowers and to keep away from the authorities. Hereby are some tips to help you identify a loan shark right away.

Very easy loan processes – If you come across a company that does not need to verify your documentation. The chances you are dealing with a loan shark is very high. They use easy application to lure borrowers who are desperate for cash. A licensed money lender in Singapore will always request you for proper documents. Such as your Singpass, CPF contributions, IRAS statement, tenancy agreement, next of kin contacts etc.

Loan conditions that keeps changing – If the interest for your loan that you are fulfilling keep increasing. It is time to check on the licensed money lender in Singapore that you are dealing with. Request for their license number, go through your contract again and notify the authorities when in doubt.

Intimidation and threats – Licensed money lender in Singapore will never resort to threatening their customers. There are proper channels that a licensed money lender in Singapore can approach to handle default borrowers.

If the loan that is offer to you is to good to be true. Spend more time to learn more about the company from existing customers. A licensed money lender in Singapore will always be proud to provide you its licensing on their website.

Before agreeing to a loan, ask you credit office to explain every details clearly to avoid any disagreement in future.