Loans generally fall under two main categories–secured and unsecured loans. The key difference between the two is the collateral, which is pledged as security for repayment of a loan, to be forfeited in the event of a default. To understand better which is best for your situation, take a look at our pros and cons … Read more
A loan shark also called “Ah Long” is an illegal moneylender who takes advantage of the hopeless situations of borrowers. Loan sharks would often target individuals who are badly in need of money. They would charge high interest rates and unreasonably high fees. Borrowers would take their ridiculous loan offerings out of desperation. If these … Read more
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