Money problems
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Hey all, my friend recently came to me to confess that he has some money problems... He needs about S$10,000 to pay for something (that's private but really necessary).
he tried applying for loans from all the banks but because his mnthly income is still below 2k, none of them are approved.
is there anywhere else that offers personal loans??
any one has any idea??? -
think theres
ezyloan /cash?? - at post offices..
think ntuc also offers personal loans..at 8% but u must open a thrift account iirc -
Does he own a house or anything?
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Oh post office got loan meh??? I go check it out thanks....
ntuc is tied in with ocbc bank i think, he not qualifiedOriginally posted by Peppermint:think theres
ezyloan /cash?? - at post offices..
think ntuc also offers personal loans..at 8% but u must open a thrift account iirc -
nope that's the prob.
was asking if i can borrow then giro the monthly installment to his savings accOriginally posted by drx:Does he own a house or anything? -
Yes. Try Post office.Originally posted by smudgey:Oh post office got loan meh??? I go check it out thanks....
ntuc is tied in with ocbc bank i think, he not qualified
PERSONAL ADVICE FOR YOU. Do NOT try to lend out YOUR OWN $ unless you have no intention of getting it back. And do NOT borrow from your FRIEND(S) on his behalf unless you're prepare to lose the friendships and MORE... -
agreed personal loan is a no no .....
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ya i know that's why I'm trying my best to help...
the thing i left out is that my "friend" is my bf...so a bit difficult to say noOriginally posted by Devil1976:Yes. Try Post office.
PERSONAL ADVICE FOR YOU. Do NOT try to lend out YOUR OWN $ unless you have no intention of getting it back. And do NOT borrow from your FRIEND(S) on his behalf unless you're prepare to lose the friendships and MORE... -
yeah i know is your bf liao before u told us .. cos of the way u r so eager to help.
humm..
he needs the whole sum one shot or in installments? -
How is he going to pay back?
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Smudgey, I'm not trying to pour cold water on you but this thing happened to one of my friend:-Originally posted by smudgey:ya i know that's why I'm trying my best to help...
the thing i left out is that my "friend" is my bf...so a bit difficult to say no
Her boyfriend (setting his own business) needs money frequently to settle bils. Sometimes $500, $1000, $2000 etc. Overall she has "lend" her bf more than $10,000. Now they broke off any the monies....gone with the wind.
Somtimes when comes to money, its better to draw a clear line cause you are only in the "bf/gf" stage.
But if you are determine to lend it to him, be prepared not to have the money back. -
state the loan to him on paper lor...but it may look as you dun trust ur bf so....Originally posted by MCY:Smudgey, I'm not trying to pour cold water on you but this thing happened to one of my friend:-
Her boyfriend (setting his own business) needs money frequently to settle bils. Sometimes $500, $1000, $2000 etc. Overall she has "lend" her bf more than $10,000. Now they broke off any the monies....gone with the wind.
Somtimes when comes to money, its better to draw a clear line cause you are only in the "bf/gf" stage.
But if you are determine to lend it to him, be prepared not to have the money back. -
Not trust or not issue. as Bf/GF or even husband and wives ... must be clear.
Its blood and sweat that someone put in at work to produce and now another wants to lend with no definitive explanation for its uses nor any clarity towards returning it with interest. When talk about money, got to put aside r/s otherwise both just get burnt for nothing. Nothing is free in this world.
Money issues can break up any relationship be it couples, family or relatives.
My relatives break bond with my family over money ..
So it can really happen ... its real ... and don't regret. If the thread starter come here for advice and people give good words to protect herself yet she don't listen. Then its her issue. Besides its her money. She has the right to know more about its uses and also deny the lender. Being just a gf don't mean she has to become her bf bank account. -
How long have you been with him?Originally posted by smudgey:ya i know that's why I'm trying my best to help...
the thing i left out is that my "friend" is my bf...so a bit difficult to say no
I understand what you mean.. But perhaps you could understand this too?
Sometimes it's not that people wanna borrow and not return the $, but more like they don't have the 'ability' to....? If things are really that 'smooth' for them, why do you think they're even borrowing in the 1st place?
Take care..?
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well basically, he needs the money in a whole lump sum for his house payment(only son so have to help his parents pay)
He was planning to get the loan under my name but giro it to his savings accounts.. so he'll pay mnthly...
I don't knowhow to help if not take the loan for him... cos apparently he had tried all other methods.... that's why I'm here looking for an alternative way...
he mention(because I pointd out) that even if we broke up, the giro is to his account so he'll still pay monthly no matter... -
Hi,
I m new in this forum and come across this thread which I myself also looking for some source for financial help.
I have tried singpost ezycash but it isnt as easy as it sounded like.Many of my friends who dont even have any credit card applied but was declined without any reason given.
My husband was out of job for 5 months,almost 6 mths and I m currently due for a baby early next month.Bills added up and medical bills ahead.Very stressed as he wouldnt get his salary till end of the month and is insufficient to settle one bill after another at the moment.Might need a few months to settle back to debtsfree again.
I loaned a sum of money to help out a long time friend.Its already about 5 yrs and she doesnt have the ability to return me any so I cant force her to anyway...
There is no way we can obtain any loan from banks at the moment too...anyone knows what other options are there? -
My dear friend..... do you know you can terminate GIRO anytime?Originally posted by smudgey:he mention(because I pointd out) that even if we broke up, the giro is to his account so he'll still pay monthly no matter...
So when he terminates the GIRO, who does the money lender goes after? You should know the answer.
OR
He has no money in his bank account and GIRO deduction is unsuccessful. So money lender will knock on who's door? -
Yeah I know.... that's why I'mm trying to help him think of some alternatives... was never really comfy witht the idea of bringing money into the relationship even if I knew he'll pay up no matter what....Originally posted by MCY:My dear friend..... do you know you can terminate GIRO anytime?
So when he terminates the GIRO, who does the money lender goes after? You should know the answer.
OR
He has no money in his bank account and GIRO deduction is unsuccessful. So money lender will knock on who's door? -
Hi Smudgey,Originally posted by smudgey:well basically, he needs the money in a whole lump sum for his house payment(only son so have to help his parents pay)
He was planning to get the loan under my name but giro it to his savings accounts.. so he'll pay mnthly...
I don't knowhow to help if not take the loan for him... cos apparently he had tried all other methods.... that's why I'm here looking for an alternative way...
he mention(because I pointd out) that even if we broke up, the giro is to his account so he'll still pay monthly no matter...
How come he'll need such a big sum of money for the house payment?
Please give more details.
(I'm paying for the house loan every month too) -
well basically years ago because of some major probs with the hous it had to undergo some major renovations.... so they had to slowly pay it off..Originally posted by Mao x 2:Hi Smudgey,
How come he'll need such a big sum of money for the house payment?
Please give more details.
(I'm paying for the house loan every month too) -
Ok. You mean they've to pay for the monthly house loan and for the major renovation as well?Originally posted by smudgey:well basically years ago because of some major probs with the hous it had to undergo some major renovations.... so they had to slowly pay it off..
His parents is not working right now? -
somethng like that...
mum is wrking but dad is notOriginally posted by Mao x 2:Ok. You mean they've to pay for the monthly house loan and for the major renovation as well?
His parents is not working right now? -
Can try going to HDB and request for temporary reduction of the house loan.Originally posted by smudgey:somethng like that...
mum is wrking but dad is not
Is your BF the co-leasee for the flat? -
how come he has to pay a lump sum?
he default payment ar? -
I m sorry to interupt.Can someone give me some advice where I can seek short term loan to tie over this urgent period?Had tried banks,ezycash...but not working...all unsuccessful