About Recomb2003

Wealth Hacks

Stop your money from disappearing to places you don't know where. Take control of your finances and learn how to manage your money wisely.

Read More

Core Finance Skills

Practical Budgeting

Learning to set up a realistic budget and to plan for the future is essential for success.

Do It Yourself (DIY)

The more things you can do for yourself, the more money you can save for your future.

Building Credit

Get to know how to be a responsible borrower to build a sturdy credit history.

Recent Posts


Read Our Recent Updates

Questions before committing to a personal loan

Jan 15 2018
admins

Personal loans are those that can be used for a variety of uses, including vehicles, home repairs, vacations, education, and many more endless possibilities. Personal loans can be obtained from banks, financial investors, and other lending institutions including those found on the internet. It can be confusing to decide who to conduct business with. There are some questions you need to ask a potentially licensed moneylender in SG before making any type of commitment on a personal loan.

First, it is important for you to understand that as a customer or potential customer, you have the legal right to ask lenders questions. Do not conduct business with any lending company who is willing to answer your questions in detail. Be wary of lenders who tell you not to worry about the details or who try to rush you through the process. Both of these should be red flag indicators that something isn’t right.

If it is not clearly stated, find out the maximum amount the lender offers for personal loans. This way you can find out if the lender will even be able to meet your needs based on the amount of money you are looking for.

Next, ask questions about the personal loan terms. This will help you determine if the payment is going to fit your monthly budget.

Most personal loans decide within just a few days. Ask the lender what verifications you will need to provide as well as how soon they can have a decision after you provide all the necessary documentation. The verifications will vary but should include ID, income, tax returns, and a completed loan application.

Many personal loan lenders will push the loan rate for you, especially if they are offering one that is lower than the competition. However, you should ask them to show you exactly how much the loan is going to cost you. Lenders can give you an itemization of all fees of the loan. You will want the information to compare with other lenders information.

Lastly, don’t forget to ask the loan company about prepayment. If possible, you will want to pay your loan off early to save on interest you pay over the life of the loan. Some lenders will charge you a payment for prepayment. If you plan to pay the loan off sooner than it matures, then do not work with a lender who requires prepayment penalties as part of the personal loan offer.

Read More

Benefits of an unsecured personal loan

Dec 03 2017
admins

People always wonder how to get a loan without using any collateral. Nowadays, unsecured personal loans are offering borrowers a chance to avail loan without placing collateral. Thus, tenants or those who are unwilling to use their property as collateral can opt for these loans. However, unsecured personal loans are furnished with a lot of benefits.

There is no risk of collateral repossession with these loans. And this is the main advantage. Besides, lenders do not take much time to provide these loans, as these loans are available against no collateral. And that’s why they do not need to check the worth of collateral or measure home equity value.

As opposed to secured personal loans, no collateral is required for availing unsecured cash loan Philippines. Here, you won’t be asked by lenders to use your property as security against the loan. But obviously, before providing loans, lenders will check your credit history. They may get help from credit rating agencies.

And with security issues being so huge in our society, inquire how they will be using and securing your personal information. You want their guarantee that your name and personal information won’t be sold to other solicitors. If they do, expect to start getting telemarketing calls and lots of pre-approval offers in the mail. Most lenders will use encryption and a firewall for their computer storage of your personal information but ask about it anyway. It is also a good idea to ask them how they inform customers if they feel security has been breached.  A good loan company has such plans in place for your protection.

Generally, no collateral is required for availing unsecured personal loans Philippines. Thus, the risk of the lender is higher. Therefore, the rate of interest they charge is relatively high. But, by taking some initiatives, you can manage the interest rate according to your needs. If you have a good credit history, then obviously you have a great advantage on the interest rate. But always shop for other lenders as getting a good deal will help you to find out a loan that will suit your budget.

Read More

Availing low-cost secured loan despite having bad credit

Nov 12 2017
admins

Some borrowers may ask how they can find a secured loan with a low cost- it sounds impossible, but in reality, it is possible. Finding a low-cost loan is still possible. Even, if you have bad credit, still you can avail low cost secured loans. It’s all a matter of knowing where to look for low cost secured loans.

With low cost secured loans, the rate of interest is lower so you will have to pay a lesser amount as monthly instalment. The duration of the repayment period is also flexible and it could be ranged from 3-25 years.

First, you need to know your collateral options. Choosing good collateral is also important to get a low cost secured loan. The borrowed amount and the interest rate both depend on the worth of the collateral. Hence, if you want to borrow a high amount against a high value of collateral, it would be easier to get. If the worth of your collateral is higher than your borrowed amount, then the rate of interest could be lower. As a good collateral, real estate, automobile work well.

Nowadays, there are various lenders in the market offer Low cost secured loans. But choosing the best deal among many others is the most important. You should keep your eyes on various sources, like banks, financial companies, and lending offices. Your quest for low cost secured loans can be quicker with online search since many companies offer low cost secured loans over the Internet.

These companies offer a lower interest rate than traditional banks and other lending companies. Know how to get the best deal. Some efforts are necessitated to get the best deal as well. A lending company in Philippines including banks, financial institutions provide low-cost loans. To opt for the best deal, just shop around. You should ask for various loan quotes from different lenders, like banks, financial institutions, and online lenders. Then compare the quotes and find out the best interest rate and loan terms. This procedure will help you to save money.

Finding low cost secured loans is not a big deal. But, following a proper way to get a low cost secured loan is more important. With a proper guideline, you can easily avail of a low cost secured loan.

Read More