Money | The Foam Henge

Learning more about Money Lenders

The Foam Henge Blog, Finance, Money May 23, 2021September 28, 2021

Licensed private money lenders are considered to be a famous alternative for people who need funding. Money lenders Singapore are the answer for those who have been turned down by banks. As you may know, these companies are the right source if you are asking for an emergency or quick money.

Even if you are most likely to get easy money by licensed money lenders, you still have to be careful in finding the right one for you. Most of them take advantage – meaning they will hike high rates which almost resemble the skyscrapers you see in New York. As this is the case, you have to be intelligent in checking the right company.

To work with unscrupulous lenders is most likely going to drown you in unending debts. It will not help you get out of your situation at all. As this is the case, you have to ask yourself – how do you find the most honest money lender in the place?

Understanding the Idea

Here are some of the concepts you have to understand so you end up with the right money lenders. Please take note of the following:

The idea of licensed private money lenders is simple – it is the alternative to the loans you cannot get from traditional banks because you are deprived of approval. There are reasons why you may be declined – it can be because of bad credit report, among others.
These money lenders offer various kinds of loans which may range from residential up to commercial, and almost nothing-in-between type of financing. The approval they grant you is based on the value of your collateral.
There is a unique requirement from every money lender out there. Basically, these companies are given the prerogative to set their own fees, schedules, and demands so that they may determine their own credibility.
The loans provided may have unique features in them. They may carry availabilities that others do not. Remember that these money lenders face more risks because they give out quick assistance to individuals without asking so much. This sets them apart from traditional loan institutions out there.

Money lenders are dubbed as the best because they open wonderful processes for borrowers. They are way simpler than that of traditional mortgage systems. The only thing that you have to do initially is to seek an appointment. This is important because from this, you get to raise concerns that may bother you in the future. This is also a chance to demonstrate the value of your property, which may be taken as a collateral in the venture.

As you go through the application process (which is not very difficult), the lender will be responsible in assessing the value of your properties. This is an opportunity for them to evaluate if yours is somehow sufficient, and valuable. There are times when they may advance the loan. The loans would typically take less than ten days so that they may be released. That is how easy the method can be! Need extra guidance? Check out loan advisor to keep you going.

Should You Get a Financial Adviser for your Business?

The Foam Henge Finance, Money March 12, 2018March 12, 2018

Owning a good business idea will never be sufficient. This is true for each and every entrepreneur out there. Basically, there is a need for it to be supported with an effective financial and organization planning so that it works for the better. Well, if you are the kind of person who wants to get the best support and help in this aspect, this article is definitely for you!

It cannot be denied that there is a growing competition in any field you see around. With this, it is not surprising that only a handful of start-up businesses survive. It would really take a lot for them to emerge. The biggest problem here is that they seldom seek the advice and help of financial advisers who are equipped enough to guide them through the initial stages. What can these professionals do for your business, then?

How Can Professionals Help Your Start-Up Business?

Here are some of the reasons why professional financial advisers may be able to be of great help to your start-up business:

If you believe that yours is a great product, you will be headed to the peak of business success. In here, there will be a need for an organized and well-developed financial plan. When the strategy is good, it would enable the person to achieve a high level of operational efficiency, this is for certain. What is even good is that this is a chance to stand out from others. This is what a financial adviser is a knowledge about.
The truth is that every decision you make will have an influence on your business. With this in mind, it is crucial to understand that analysis should play a vital role in the process. This is the key towards making the most appropriate decisions. Financial advisers have the ability to provide a workable financial model which can be facilitated so the right move can be attained. Aside from coming up with such, the adviser may be able to monitor the impact of it from time to time.
One of the reasons why a business fails is that it is not able to make a viable plan which is a requirement for the entire endeavor. A competent financial adviser must be able to identify the best market opportunities so that a roadmap for business development may be organized. The adviser would have to take into consideration the economic and financial implications of these opportunities as well. As they do this, they become aware of the risk factor involved in the venture.
If the analysis does not transpire in the business metrics, it is impossible to distinguish where you are headed. This does not have to happen if you have a business adviser since the metrics for pricing, growth sensitivity, lifetime value and contribution margin will be analyzed. This is when you may be able to confidently overtake your journey so that you are only leading toward success.

These are some of the reasons why it is not a bad idea to hire a financial adviser for your business.

Should You Look for a Financial Adviser?

The Foam Henge Blog, Finance, Money, Saving February 20, 2018March 6, 2018

There are instances when managing your finances can be a challenge. This is true most especially if you are not the type who thinks about your expenses all the time. For whatever it is worth, it is always a good idea to seek the assistance of a qualified financial adviser. Such is a chance to make the most out of your money should you require an instant cash loan. Indeed, there are many individuals out there who must consider seeking for a financial adviser if they can. This should work for them.

How Do You Work with a Financial Adviser?

If you are considering this kind of transaction or process, here are some of the questions you should not fail to ask:

Do you specialize in an area such as annuities, mortgages or pensions?
There are advisers out there who focus on a particular area. Some may cover a wide array of areas. They would only have to select one which depends upon the breadth or depth of the advice that is sought for.
Is your selected adviser a part of the Financial Services Authority?
Once you have discovered the specialization of your adviser, please know if your adviser is a part of the Financial Services Authority. There are firms which are not yet a registered member of such. As that is the case, you should stay away from them. Any reputable firm or company would be a part of the said organization. Do not ever doubt that.
Is he or she an independent adviser?
A ton of financial advisers enjoy various levels of independence. Basically, an independent financial adviser must provide you a service which is anchored with the needs of the products being offered all across the market. Once an adviser is not yet independent, there is a big possibility for his or her own product to be promoted. This is not fair in anyway.
How much will be the charge of the service?
A tenfold of advisers out there give off initial consultation. It is crucial that you have a full comprehension of the future costs which may be incurred in the future. Aside from this, it will be vital to agree on what has to be paid. Meaning, identify if the whole work is of fixed charge or commission basis. Know any of these.
Have you conducted a research?
Prior to starting anything, it is vital that you do your research. You should not forget your obligation because awareness is always a basic aspect here. If you want to avoid having to face risks, do not fail to do your assignment. This is the only way so that you may build a rapport eventually.

With everything, do not forget that trust is essential. You can establish this once you have developed a rapport with your adviser. This is a chance to get the help you deserve. At the end of the day, it is a skill that you just do not master overnight. Get the support that you can.

The Advantages of Personal Loans

The Foam Henge Blog, Finance, Money January 31, 2018January 25, 2018

Guaranteed personal loans refer to loans you can obtain right away. They provide approval without the borrowers having to wait for a long period of time. As this is the idea, most people seek for this type of loan when they are in need of money fast. It cannot be denied that this is crucial today because the cost of living is really high.

More and more companies and moneylenders with lesser paperwork are around these days. They approve applications without giving the borrowers a hard time. If you are one of these people who seek a personal loan approval, these are some of the conditions you have to be guided about:

Conditions to Qualify for a Personal Loan

Show a good and clean credit history. In case you cannot speak about your credit score yet, to earn a credit report may work initially. This can show your status too which is important in the venture.
You may not have a good credit report. This is understandable. As a matter of fact, it may happen to most people. If this is your situation, you need to initiate in doing some credit repair. There are guides on the internet so that you can complete this.
Secure a number of assets or property that you can provide for security purposes. This should work most especially if you aim for a large personal loan. This is also the best in case your credit history is not yet perfect.
Provide documentation and paperwork needed. Usually, the bank or lender will ask for these. They consider all these as a proof of employment.

If you know for yourself that you fit on the conditions above, there is a big chance that you earn a loan approval. This can be easy and quick. As with payday loans, the amount of loans is small. This is why it is simple to seek approval.

What are the advantages of winning a personal loan then?

Personal loans can be a source of additional funds. They are utilized to answer requirements and financial needs. These loans can always be borrowed and obtained from banks and other lending institutions out there that charge a particular amount of interest which comes from a borrowed sum.
There are many individuals out there who employ these cash loans to settle for outstanding debts. They also use them for education or the settlement of medical bills. This happens because the personal loans are the most appropriate emergency fund.
Personal loans are the best when it comes to bridging financial expenses, they may feature planning a vacation trip, managing wedding expenses, purchasing your dream car, renovating your home or paying your credit card bills. All of these can be settled through the fund.
The fund can be perfect if you want to start up a business. This can also grant you your much-needed financial security which is usually in the initial stages of putting up a business. This may work too!

Dos’ and Don’ts for money lending in Singapore

The Foam Henge Money December 8, 2017December 8, 2017

Seeking licensed moneylenders in Singapore? Are you going to buy your new home or a new car or willing to set up your new business? Money lending has now become the easiest way of achieving your all dreams at very reasonable interest rates. But you may sometime get in trouble if not take a proper care and proper research before lending money. Sites like Loan Advisor, consolidates and rate the top 10 most reliable moneylenders to make life easier for you so you don’t have to go through the hassle of researching from the list of 160+ licensed moneylenders in Singapore.

Money lending is one of the best ways for fulfilling your desires, but you should need to go through its every aspect before getting involved in the deal. Research the market thoroughly and make a right decision. Here, in this content, we are going to provide you with some dos’ and don’ts while seeking money lending in Singapore.

Do’s

Make a thorough research about the firm, its interest rates, procedures, reputation in the market before going for getting into the deal of money lending.
Calculate the amount which you exactly needs for fulfilling your needs, so that you could easily repay it in easy instalments.
Go through all the contractual terms and conditions and financial obligations very carefully in order to reduce the chances of getting any fraud.
Shop around different moneylenders in the market so as to get most favourable terms.
Get a copy of loan contract so as to make it useful as a proof for you it is you need as well your right to get that.
Keep all the copies of the instalment repayments and the main copy of the contact in safe hands.
Always make your payments be on time in order to reduce the chances of getting any penalties.
Get ready for the repayment also if you are not able to make your routine payment on time.
Never sign the copy of the agreement without reading it. Read all the clauses very carefully and never get into a deal where you provide the authority to the moneylender for selling your property in case of failed repayments.
On the successful granting of the loan; check the principal amount very carefully so that to check whether the money lender is not deducting the extra charges from it. The government of Singapore only has permitted to deduce the 10% of the principal amount.
Your name, date of issuing of the loan, signed the receipt, fee receipt and amount of money you are going to borrow should be properly and correctly mentioned in the note of contract.
Make sure that you should get a statement of the loan at least once every 6 months.

Don’ts

Never sign any note of contract without reading it carefully.
Never sign any deal of money lending in hush-hush.
Never ever trust the money lenders who make you call, and send money or any other personal references for money lending.
Never sign an incomplete copy of the note of the contract as there are the chances of adding clauses which may harm you financially.

Never, become a guarantor for a person whom you don’t know on a personal basis or is not capable of refunding money.

The 6 Step Millionaire’s Guide To Investing Your Money

The Foam Henge Finance, Money November 20, 2017November 27, 2017

Investing your money is easy, but smart investing needs to accommodate to your needs and lifestyle. Today we show you the various, maybe a little less known ways to invest and be smart about it.

STOCKS

Firstly make sure you know what you’re doing, or find someone who does. If you don’t know the difference between individual stocks and equity mutual funds, maybe you should let someone else take care of this for you. Set your budget, create an account and never, EVER invest with your emotions.

GO INTERNATIONAL

Many people like to stick with the American Stock Exchange in order to invest their money, however it is in your best interest to do your homework and see what else there is in the international stock market in order to maximize profits.

HEDGE FUNDS

Hedge funds have had a tumultuous past, making waves in the past few decades, but continue to bring higher returns than other investment options. If you choose to go down this road, make sure you can do without the money for a longer period of time. Hedge funds require for you to lock down your money for at least one year at a time.

BITCOIN BONANZA

Bitcoin investing has been slowly gaining speed in the past few years. Cryptocurrency is a huge movement that is becoming more and more commercial by the second. Increasing in the past year by more than 750%, bitcoin investing may just be the answer for you.

GO FOR GOLD

Investing in gold is always an option, because prices may increase and decrease over time, however the fact of the matter is, the gold is always physically in reach. It may not be a short-term solution, however it has shown that holding onto gold is always a good idea as it maintains or heightens in value.

PROPERTY INVESTMENTS

The great thing about investing in property is that it can partially pay itself off. If you have the equity to invest in real estate it is a smart idea to do this. Purchasing property can have its qualms along the way, however you always have the option of renting out space as a home or to a business. In doing this your payments can be reduced drastically and by the end of it all? You will have a property which you can later sell, creating a return profit that will have you singing all the way to the bank.

Investments can be a daunting task for many, but the truth is it’s not rocket science. The secret is to find the investment that suits you as an individual and the rest will all fall into place.

Back To Basics – The Fundamental Rules That Everyone Always Forgets About Saving Money

The Foam Henge Finance, Money October 18, 2017November 27, 2017

Can’t remember the last time you had some spare cash lying around? You soon will because we are giving you some simple, yet efficient ways which will have you saving more than ever.

MAKE IT A LONG-TERM RELATIONSHIP

Want to go to the Maldives, but waiting for your next lifetime where you may have a better financial track record? You don’t have to. Make a budget of how much that dream trip is going to set you back and start saving. Each month, as soon as your paycheck comes in, set aside the money you have allotted and in a few years you will surely be feeling the warm sand between your toes as you gleefully sip that cocktail on the beach.

BUY A PIGGY BANK

It may sound silly and frivolous, but trust us – it works. Each night empty out your coins from your purse or wallet into your piggy bank. By the end of the month you will have saved probably more than you have in the past few years. With this money you can afford fun date nights, put the money towards your children’s college fund or make an emergency stash to save you on those rainy days when your car decides to stop working or your teeth happen to start aching.

TREAT YOURSELF ON THE REGULAR

Give yourself a monthly treat budget. Make sure to keep the amount the same each month and place the money in an envelope or drawer, but always keep the money in the same place. This treat money can be spent throughout the month on whatever floats your fun boat. When the money runs out wait until next month for your spending adventures and stick to money savvy outings instead.

Saving doesn’t have to cost you the lifestyle you have already become accustomed to. Follow these tips and allow yourself the ability to save and enjoy your life at the same time.

5 Simple Ways to Stop $pending Your Hard Earned Money

The Foam Henge Finance, Money, Saving September 16, 2017November 27, 2017

Do you find yourself constantly rummaging around the bottom of your bag searching for spare change even If it’s not the end of the month? If you’re struggling to stay afloat and cannot remember the last time you had change to spare it probably has got more to do with your spending than anything else. Take a look at the tips we have which will send you on your way to your next tropical holiday instead of loathing life on the regular.

#1 TAKE NOTE ON WHERE YOUR PENNIES FALL

For the forthcoming month make it a point to only use your debit card wherever you spend. From buying the groceries, home furniture to paying for your fuel. Now we know this is a task, but any money you take out at the ATM should also be documented. From this you can pinpoint exactly where and how much money you spend where.

#2 ALL ABOUT THE LISTS

Make a list the next time you find yourself heading to the shops. One of the best secrets to saving money? Simple! Stick to the list. Don’t look left, don’t look right. Keep your eyes on that list and do not veer from it.

#3 CALCULATE HOW MUCH TIME THINGS COST

If you are unsure about buying something, this is one of the best tips we have which will help make your decision. Calculate your wage to the hour. Next, ask yourself whether that particular item is really worth five hours of your working life. If not, let it go.

#4 SLEEP ON IT

Again, if you’re not sure about spending one third of your monthly wage on a new winter wardrobe, put the items on hold. This will stop you from compulsively buying half the store. When you do come home be adamant in checking if this is a necessity or not. Talk it over with your partner for further insight. Alternatively if we really are talking about a new clothing collection, open up your wardrobe and have a look inside. How many of the new items can be integrated with your things already living there. This can work for anything, not just clothing.

#5 BURY YOUR CREDIT CARDS

It’s understandable that it is more and more difficult to go through life without the help of your credit cards, but the fact of the matter is that you do not NEED to take your favorite cards everywhere. Bury them somewhere safe and only take them out when you have selected something that you know you need. We’re talking beds, furniture, health issues, etc.

You don’t have to be Einstein to stop spending where you don’t need to be. Now that you have these tricks up your sleeve we know you’re going to be smart about spending.