Are you thinking about taking on a personal loan? The best way to avoid an unhappy ending is to educate yourself on the mistakes other people have made and make sure not to repeat them. Read on to find out what they are, and how best to avoid them!
What Is A ‘Credit Score’ And Why Is It Important? Your credit score reflects your creditworthiness to banks. A good credit score could mean enjoying better credit terms and better interest rates. On the other hand, a bad score could shut you out from banks ever extending a loan or issuing a credit card to you. It takes years to build a good credit score, but it can all be undone very easily. In fact, many of us hurt our own credit scores without even knowing it! Here are the Top 11 most common ways Malaysians hurt their own credit scores:
A self-employed person, be it as a freelancer, a consultant or artist faces challenges in obtaining a home loan due to the fluctuating nature of their income sources. This article highlights some useful tips, which a self employed person can implement to succeed in achieving bank loans.
In the first 6-months of 2015 itself, about 35% of housing loans have been rejected by banks – which is a 6% increase from last year, according to a survey conducted by the Real Estate and Housing Developers Association of Malaysia (REHDA).