The ways to Choosing Legal Money Lender in Singapore

In Singapore, The banking loans system is very strict. Once you have a bad credit card record, there is no possible way for you to borrow money from the bank for some emergency. But you really need the money for running your own business. You can apply the legal money lender in Singapore. The money lender is suitable for these people cannot meet the requirement of allying loan. For example, one's company is unbacked or underhanded or a bad credit history. But there are plenty of money lender in Singapore, how to ensure you have found the legal money lender in Singapore. Here is some advice.

1. The attitude of the money lender.

It's good to show warm hospitality to you. But if the action is over-friendly and the words have no logic and just like to sell some things for you, you should be careful. Except this, if the lender use threaten language or behaves rudely towards you, which have given you a sense of oppression. Then just leave the company quickly.

2. The abnormal requirement for you.

Some of the money lender may ask for your living house user ID, password or account of your credit card. Actually all these things are no need when you apply for a legal money lender in Singapore http://imoneylender.sg/. So, before you go to a company for a loan, you can surf the Internet to find all the documents that need to take, one can prevent your financial secrets being stolen, the other can save your time and energy when a legal one.

3. Retain some of your important cards.

Legal money lender may have to see your NRIC card or work permit, employment pass or bank card to make sure you have the ability to repay the money. But they will keep the copy papers of these cards. If they need to retain them for a day or more, this company will be an illegal one.

4 There is too much black or incomplete note on the contract.

You should also be careful when you sign the contract, if there are too much back in the contract, in which the lender may write some things on it after you sign. It's very harmful for you because you have to be paid more money.