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 (email@example.com)
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
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