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Payday Loans, often referred to as cash advance loans, are amounts lent by specialized lenders to borrowers until the next pay day. Typically, Payday Loans are extended for amounts that are less than $1,500. The loan is extended to the borrower against the personal check of the borrower that is placed with the lender until the next pay day. The cost of carrying Payday Loans is very high as the risk of default is high, since generally borrowers who find themselves in a very difficult financial situation avail of such loans. Why are Payday Loans popular? They are popular for a number of reasons such as: • Credit checks are not required. The personal check that you make payable to the lender acts as security. • Approval is quick - your personal loan Singapore  application is approved in minutes. • The repayment process is without hassles. The check submitted as security is encashed on the next payday by the lender. You could extend the loan to subsequent paydays for a fee. However this is very expensive. •Easy availability. Payday Loans are particularly appropriate for emergency situations provided the amount required is small and one is willing to bear the high cost of the loan. Drawbacks of Payday Loans: • Many borrowers, within a short time, find themselves in a debt trap. With each extension of the loan, the fees in total increase such that at the end of two, three or four extensions they equal the loan amount. •Collection of outstanding personal loan Singapore  is harsh. Considering the fact that this business is a high risk lending game, lenders wield the stick harshly on the slightest default personal loan Singapore

How to renovate your home: A beginners' guide

Whether you’re hoping to add value through a pre-sale refurbishment or you’ve just moved in and need to tackle a building project in your new home, renovating a property can be confusing, time-consuming and expensive if you don’t know what you’re doing.

Do it yourself
Peter Wellock of mybuilder.com says that while many people think they know a lot about DIY, it’s safer, and probably cheaper in the long run, to get some training before you start a project. “There are plenty of resources and courses out there where beginners can learn tricks of the trades, for example, Chix & Mortar offer great DIY courses for women,” Wellock says. Singapore Construction and Development

But when it comes to anything to do with gas and electricity these are “entirely off-limits without the proper qualifications”.

If you’re about to embark on an extension or conversion and want to stay involved, you might be better off considering taking on the role of project manager, rather than builder, he says. “Unless you have previous experience, this can end up a costly and time-consuming dilemma.” Singapore Design and Build

Do your homework
Wellock’s number one rule is planning. And it doesn't matter if the project is small or large. “Don't rush the planning process, think about the big picture and identity your top priorities based on importance and cost,” he says. “A good builder will be able to advise you of the best order in which to tackle the various projects you’re considering.”

You should always get at least three quotes from a builder and always check they’re coming from reputable, trustworthy companies.

Know your options
Once you think you’ve found your builder the next step is crucial, Wellock says. “The tradesman you hire could be in your home for some time, so make sure you hire someone whom you’ll feel comfortable working with on a day-to-day basis,” he says. Singapore Construction and Development
And before you commit, make sure you check the builder’s references and ask for a transparent cost breakdown.

“Ask plenty of questions and expect a detailed response. Be wary of vague responses or a lack of transparency,” Wellock warns.

Keep everyone informed
Building work can be disruptive and stressful so Wellock advises that you talk to your neighbours, family and local council in advance to let them know your plans. “If issues arise, discuss any concerns with your builder up front,” he says. “A simple misunderstanding can spiral and cause unnecessary problems. Instead, avoid a breakdown in communication by being open and honest with everyone involved.” Singapore Property Development

Cover yourself
Paperwork is an important part of any renovation or building project. Always sign a contract with the builder before you start and think twice about any builder who is reluctant to sign on the dotted line. Wellock says you should verify your builder’s liability insurance and qualifications. It also helps to work out a payment plan that suits you and your builder and also keep your paper work up to date by amending the plans on paper when changes happen. Singapore Design and Build

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