Best Licensed Moneylender in Singapore - 1AP Capital

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Welcome To The Most Famous
And
Reliable Licensed Moneylender in Singapore
We provide fast approval loans with on-the-spot
disbursement.

• Reliable and professional financial company,
  registered under Ministry of Law, license number
  44/2021.
• Your privacy is assured, 100.
• We promise no hidden costs. All terms and
  conditions will be thoroughly explained.

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• Low interest rate and administration fees.
• 5 Minutes to apply. Quick processing, fast
  approval, same-day disbursement.

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Youd be surprised how many Singaporeans
deal with credit card debt. Although
financial experts and our government warn against
this type of debt, people still fall prey to
it. Are you unable to pay your credit card
debt? If youre in this situation, you may feel
hopeless and overwhelmed. On the bright side,
youre going to get out of it sooner than you
imagined if you read this article. You can take a
credit card consolidation loan to reduce the
total amount of interest you pay. That could
easily go up to thousands. Let 1AP Capital share
our knowledge with you. Well start by
explaining more about credit card debt and how
interest rates work. Next, well take you through
seven foolproof methods to fight against bad
credit starting today!
What Is Credit Card Debt, Why Is It Bad?
Credit card debt is that overdue balance you
constantly see accumulating on your card.
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If you cant tackle it in one lump
payment, at least pay the minimum
Otherwise, your interest will add up, and your
debt will snowball.
requirement.

• If you get into this situation, you understand
  why credit card debt is bad
• It snowballs out of control quickly and without
  warning.
• It decreases your credit score.
• It affects your chances of securing another loan.
• It affects your life quality by increasing your
  stress levels.

What Is The Monthly Interest Rate On Credit
Cards? Credit cards usual monthly rates are 2
in Singapore, but this sum depends on your
finance provider. If you want the figure
per year, its between 18-30, though most
banks require 25/year. But what about all the
0 credit cards you keep hearing about? Sure,
most banks offer these types of promotions
to attract clients. And youll indeed get
a period with 0 interest usually one
year. Or, you will only get to enjoy 0 interest
when you make full repayment every month. Once
this time passes, though, your cards interest
will be escalating to 25/year and this is when
your balance will start growing out of proportion.
How Do Credit Card Interest Rates Work? Credit
card interest rates work precisely like other
interest rates 1. Theyre calculated based on
your balance.
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• 2. When youre not reimbursing this balance for
  one month, your interest adds to it. That means
  your second months interest will be more
  significant.
• For example, if your credit card has a 2
  interest/month, your daily interest rate is
  0.066.
• Lets say you use your credit card to pay your
  500 worth of utility bills. If you dont
  reimburse this money when your balance is due,
  youll owe a 500 outstanding balance on next
  months Day 1.
• On Day 2, that balance will be 500.33. On Day 3,
  youll owe 500.66. At the end of the month,
  youll owe 510.
• Sums like 0.33 or even 10 are tiny, but
  they add up quickly because theyre so
  easy to ignore. It compounds very quickly.
  Thats why credit card debt can sneak up on you.
• So consider this
• Your debt can grow even bigger if your credit
  card issuer has massive late payment fees.
• Because the interest amounts look small, youre
  tempted to consider the whole overdue balance as
  insignificant or easy to repay.

7 Ways To Get Out Of Credit Card Debt Credit
card debt can cause many problems, which is why
you should try and get out of it quickly. Heres
how 1. B U D G E T Youd be surprised how
quickly you can deal with any sort of debt
after learning the basics of budget planning.
Use governmental resources or try credit
counselling if you want quick,
personalised help. Learning how to prioritise
your spending is essential to maximise
your earnings. As a result, youll have more
money to spare, and youll pay your debt
faster. If you need to make more money,
here are some easy ways to make passive
income in Singapore.
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• 2 . D E B T S N O W B AL L S T R AT E G Y
• The debt snowball strategy means reimbursing the
  smallest balance loan first. Heres how you do
  it
• Arrange your debts from smallest to largest
  balance.
• Reimburse the minimum amount to all of these
  cards each month.
• The additional money you saved at step one go
  directly into reimbursing the smallest balance
  loan.
• Once this loan is paid, take the money youd have
  put into its instalment and place it towards the
  second-smallest loan.
• Rinse and repeat until all loans are paid.
• 3 . D E B T AV AL AN C H E M E T H O D
• The debt avalanche strategy means reimbursing the
  credit card with the highest interest rate.
• Arrange your debts from smallest to highest
  interest.

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• 4 . D E B T C O N S O L I D AT I O N
• Debt consolidation has a similar purpose to
  the debt avalanche method it focuses on
  out-of- control interest rates. If you owe money
  on various credit cards and have some loans, too,
  you know how quickly that interest can add up.
• Getting another loan for your credit card loan
  may sound dubious, but it helps in lowering your
  overall interest paid. If you need a loan, you
  can apply for one in minutes here.
• Every time you try to pay one loan, out
  hops another interest that makes your
  efforts seem useless.
• Here are two solutions
• 1. Debt consolidation loans. These loans unite
  your debts into one, so
• Youll lower your monthly interest.
• Youll have just one deadline.
• Youll get a longer, flexible tenure.
• As a result, you can seamlessly integrate the
  corresponding monthly instalment into your budget
  because that payment is lower.

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• You transfer your debt onto another credit card
  instead of paying more interest into your current
  card.
• As a result, you can negotiate a period
  of paying just the interest or a period
  of late payment exemption.
• Pro tips
• Explain why this is a win-win solution.
• Explain the plan you have to reimburse your debt.
  Show precise figures based on expected earnings,
  diminished expenses, and so forth. If youre into
  credit counselling, nows the time to mention it.
• . H O M E E Q U I T Y L O A N S
• Home equity loans entail using your property as
  collateral to obtain a significant loan. Then,
  you can use this amount to repay your credit card
  debt.
• Think of it like this
• While credit cards interests reach 25/ year,
  the interest rates for home equity loans are
  1.8/ year.
• On the other hand, you have to be sure you can
  repay your home equity loan if you dont want to
  lose your property.

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Get A Fast Cash Loan With 1AP Capital To Cover
Your Credit Card Bills Instead of allowing
your credit card debt to accumulate more
interest, why not try out a fixed loan plan
to stop the losses? Getting a personalised loan
can help you lower the overall interest charged
and save plenty of money. It will help your
financial health. 1AP Capital is one of the best
licensed moneylenders in Singapore with more than
130 positive Google reviews. With more than 15
types of loan products, we are always able
to find a financial solution to solve our
customers problems. If you have any
questions, feel free to us a call or make
an appointment here. Or, you can drop us a
visit at our shop. We are located within a
3-minute walk from Tanjong Pagar MRT! Fast
and convenient!
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1AP Capital (Licence No 44/2021)
10 Anson Road, 01-38A, International Plaza
Singapore 079903 Opening Hours 11am 8pm
Monday to Saturday 10am 7pm Sunday Closed on
Public Holidays Telephone [phone] Email
Us For Loan Enquiries sales_at_apcredit.sg For
Administrative Matters admin_at_apcredit.sg