Blog Articles

Quick Takeaway: If a lender contacts you first via SMS or WhatsApp, asks for upfront fees, or won't meet in person, it's an Ah Long — not a licensed moneylender. Always verify against MinLaw's Registry before sharing any document or money. 1. Why This Matters More Than Ever Loansharking in Singapore has gone digital. Illegal lenders no longer splash paint — they send polished WhatsApp messages, build professional-looking websites, and clone the names of real licensed firms. T

Quick Takeaway: You can nudge your CBS score up within 1–3 months by paying every bill on time, keeping credit card utilisation under 30%, and stopping new credit applications. Major grade jumps (CC to BB) usually take 6–12 months of consistent behaviour. 1. What CBS Actually Measures Credit Bureau Singapore (CBS) pulls data from every bank and finance company in Singapore, then generates a score between 1000 and 2000 plus a grade from AA (lowest risk) down to HH (highest ris

Quick Takeaway: The 50/30/20 rule tells you to spend 50% on needs, 30% on wants, and 20% on savings. In Singapore, use your post-CPF take-home pay as the base and bake 9% GST into your 'needs' bucket. That small shift makes the rule actually work here. 1. The Classic 50/30/20 Rule The 50/30/20 rule was popularised by US Senator Elizabeth Warren. The idea is simple: 50% of your after-tax income covers needs (housing, food, utilities, transport), 30% covers wants (dining out, s