Money Lender Yishun

Money Loan from the best licensed moneylender in Yishun, Singapore

Located in 743 Yishun Ave 5, #01-548, Singapore 760743.

Accredit® Licensed Money Lender has been hearing feedback from our customers and now, we are bring our services to Yishun! For all our customers that stay in the North of Singapore, such as Marsiling, Woodlands, Admiralty, Sembawang, Khatib and Yio Chu Kang. 

We are now poised to serve you even better, bringing our top quality customer service and expertise to wherever you are. 

Nearest Bus Station

Yishun Ave 2 – Yishun Stn (59079) is the nearest bus stop to reach Accredit Yishun.
You can take Bus Service 117/117M/169/858/883/883B/965/969 to reach this stop. Just 1 minute walk from this bus stop can reach to our doorstep.

Yishun Ave 5 – Blk 741 (59141) also near to Accredit Yishun.
You can take Bus Service 171/856/858/859/969 to reach this stop. Just 1 minute walk from this bus stop can reach to our doorstep.

Nearest MRT Station

Yishun MRT is the nearest MRT Station to reach us.

Walking Directions from Yishun MRT Station

Yishun MRT Station

Via Yishun Ave 5

1. Head west on Yishun Ave 5 towards Yishun Street 11 ( 150 m )
2. Destination is located on the left. We are located less than 5 Minutes walk from Yishun MRT.  

Why choose Accredit Yishun?

Accredit Moneylender promises to help you in whatever way we can. That includes credit counselling from our very experienced staffs. We can advise you on financial planning and how to manage your expenses. Financial planning is a very important part of managing your debt. To get out of debt, first you have to learn how to do proper financial planning. If you would like to learn more, please contact us and we will be glad to advise you further.

Requirement Documents:

Singaporean / PR

• Proof of Income (CPF)
• NRIC

Foreigner

• Payslip
• Employment Pass
• Proof of Address (E.g Telephone bill, Insurance letter, Utility bill and etc)

Difference Between Good Debt and a Bad One

For common people, debt money is a bad thing in general. When the best of us are tried in financial situations, we have no other resort that to burden ourselves with debt money that we are or are not sure if we will repay the debt money on time. Although in finances, there are debts counted as good debts and then the ones which are not so good to be having on yourself. Another thing that troubles almost everyone who is under debt is the interest that is added to the debt in cash money until the time the money hasn’t been repaid. Unreasonable amounts of investment are something which becomes the reason for people not being able to pay back cash. No argument can say that debt is good. No one likes it, but there are things for which you can move towards debts and not feel anxious about the repayment.

Good Debts vs. Bad Debts

Taking debts can be bad for anyone, whether they are a middle-class family or a rich one. Though debt seems to be the only source through which a person can afford to have significant, expensive items like a house or a car. Taking mortgage or vehicle loans can be justified as a reasonable debt as these are the things that add value to a life that would otherwise be of no cash cost if you’re living on rent for all your life. There is though another viewpoint to debt and money which refers to pointless spending through credit cards or to buy expensive stuff that you don’t really require for basic living like an inflatable pool for your backyard. In order to differentiate on good and bad debts, it is essential that we look at the specified financial situations in question.

Good Debts

As the old saying goes that ‘money makes money’. If you’re borrowing money from any institution in order to make money work for you, it can be counted as good debt. If debt increases your net worth or helps you make a profit through investment, it can be taken as a positive. There are certain kinds of expenditure that might be worth taking a debt.

Technical or College Education

Education is the key to earning, is what our parents and peers have always told us. Better education increases the capability of a person to land a job that will pay well for the efforts made in college. A better-educated person will always have new opportunities with less of seeking if the need arises for a new job or a better salary. If you’re taking a loan or debt for technical or college education, it is likely to pay for itself once the courses are complete and the new worker joins the workforce starts earning. The better the training, the more salary you can demand and pay off the loan in instalments with your salary. Although, if your educational qualification does not promise a fruitful career or has negligible income sources, you’re most likely to have trouble with the debt, and it then turns bad.

Starting a Small Business

Setting up a business with the sole purpose of making money regularly, is a reasonable thing to take a loan for. Starting up a venture can be an excellent start to pile up finances to invest them later on in the market and increase your wealth. An advantage of this endeavour is that you are your own boss without the reliance of any company that must hire you and pay you monthly in checks. The profitability of your business is proportionate to the amount of hard work you put in. If you really give in to the company with all the hard work and passion, you can turn it into a self-sustaining enterprise, and with some fortune, you might even end up owning an initial public offering that increases your net worth. You must always take care of the line of business that you choose. You must have the knowledge and the passion for the front of the work you are about to start. Because if the company fails, the business loan becomes a bad debt very soon.

Bad Debt

The debts that you incur for increasing your net worth or for business purposes are counted as good debts. But if you’re using the money taken on loan to buy assets that depreciate in value over time without reaping profits will be bad debts. You should not be employing money from loans into certain items that do not help you gain any form of income.

Car

We all like to have our own rides for the daily commute or for going out without having to be in the crowd for trains or buses. Buying a car, especially a new one, costs a lot of money. A lot of us like to think of taking a vehicle loan to buy a new car off the showroom. Paying monthly interests along with the instalments is money wasted on something that decreases in value as soon as you take it out of the manufacturer’s hand. Buying used vehicles on loan does seem nonsensical, but then the loan amount that you will require would be smaller and can be paid off much easier than buying a new car. Avoid taking loans on a new car and try paying cash instead for a used one.

Credit Card Shopping

Credit cards will always be on the bad debts list because of the habits it instils in users. A credit card makes people believe that they can buy stuff whenever they like and can pay it later. Although, that’s how it works, it is not supposed to have a negative impact on your finances and savings. Buying clothes, which are the most invaluable thing to be in debt for, or expensive accessories using credit cards is not a wise decision until you have the kind of money to pay for it later. Else it merely counts as a bad debt.

Loans and credit schemes do help a person when in need. It can be used to turn the state of your finances from pitiful to a well-acquired estate. But using debts to your advantage is the only thing that you would want. Because when the obligations overtake the income that’s when they go wrong, and you might end up being in more debt than you actually earn.