Initially, payday loan Singapore can seem to be a great answer to all your short term money problems. They are fast, easy to obtain and available to individuals with less than desirable credit ratings.
The problem is that many people do not pay these loans back on time. This is good for the lender but bad for the borrower. Typically payday loan Singapore are tied to interest rates from 100 percent to 1000 percent.
What enables payday lenders to remain profitable is the fact that people do not always pay back their loans on time. It is those with delinquent …Read more