The Ministry of Law (MinLaw) announced today that six firms have been selected to pilot new business models for moneylending, as part of an initiative to better protect borrowers through business-led improvements. These new models include more comprehensive use of data to assess creditworthiness, using digitalised processes to lower cost and giving better terms to […]

To the young person who just began working, retirement seems like a long ways off, and so is relegated into one of those financial goals that will be attended to later in life when there’s more money. However, life quickly gets in the way, and before you know it, you’re closer to retirement and have […]

A credit report is a detailed history of all your credit transactions, including payments and additions. Credit reports are issued by credit bureaus to their members when an enquiry is made about the credit history of some individual. Individuals also have the right to ask for their personal credit reports from credit bureaus. A credit […]

Bank accounts are a convenient tool to help you keep and manage funds from your sources of income. Through your bank account, you can monitor how much goes into savings and how much you take for expenses. Employers require you to have a bank account through which your salary/wages are paid. You can also use […]

The purchase of a home is among the most involving financial commitment for Singaporeans. Being a long-term financial investment, you need to carefully plan it from the outset. Before going shopping, you must know how much you can afford to pay, and any other charges related to the buying process. Take into account your current […]