With stigma still surrounding personal loans, is it ever a good idea to take out a loan? Did you know just applying for a loan will hurt your credit score and how can you tell if a loan offer is legitimate? Howie Lim gets insights from Bryan Chan of Providend and Nima Karimi from Lendela.
Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips.
Highlights of the conversation:
00:52 Is taking a loan ever financially wise?
03:10 Challenges getting a loan
05:30 Steering clear of debt traps
09:22 Legitimate loan offers vs. scams and predatory lenders
10:24 Safeguarding your credit score
Written and hosted by: Howie Lim (howielim@sph.com.sg)
With Bryan Chan, client advisor, Providend and Nima Karimi, CEO of Lendela
Edited by: Howie Lim & Claressa Monteiro
Recording engineer: Joann Chai Pei Chieh
Produced by: BT Podcasts, The Business Times, SPH Media
Follow BT Money Hacks podcasts every first and third Monday of the month, and rate us on:
Channel: bt.sg/btmoneyhacks
Apple Podcasts: bt.sg/oeXe
Spotify: bt.sg/oeGN
Google podcasts: bt.sg/oeGP
Website: bt.sg/moneyhacks
Feedback to: btpodcasts@sph.com.sg
Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.
