Tag Archives: private money

Some things that we have to attention in making a loan

There are some important things we have to consider when they want to borrow. We can not make a loan in the lenders who are not reputable because many risks that we could find. Not only providing high interest rates but the property we can also be sealed. This is very dangerous and we could not bring the case to court because we have accepted the agreements they have made. The first thing we must note is a guide offered. If in the guide no adverse statement, we could take the service there. Like we see in the Money Lender SG, there are no aggravating guides for borrowers. The second is the status of the money lenders. We have to use money lenders who have a license and we can see from the numbers. We can check the validity in the database of the Registry of Money Lenders. Most of it offers an interesting and can be used by people including those people who do not have a monthly income. The third is to check the cost of the payment. We must pay attention to the agreement because there are some companies which lay hidden costs to squeeze customers. Therefore, our accuracy is needed and we must Observant for noticing. Do not sign the agreement if there is a thing disturbs us, better we cancel to make loans.

The fourth is to make sure if we understand all the details provided in the contract because there are important points that we must obey. If we do not understand the content, better we ask the customer services and ask them to explain in detail. Fifth and last is convincing ourselves to make loans. We may be able to cancel the loan approved. Do not make a loan for useless things such as gambling, drug dealing or the other because it can hurt many people