Advantages and Disadvantages of Consolidating Credit Cards

There are instances where a cardholder may hold several cards that may prove to hurt your pocket when managed inappropriately. There are instances where consolidating a credit card may be beneficial and outweigh the reasons not to take one. Below is a list of the advantages and disadvantages of consolidating a credit card. Advantages of Consolidating Credit Cards: Interest Rates – having multiple cards will most likely have different interest rates. Consolidating under one credit

Factors that Can Affect Your Credit Rating

When it comes to applying for loans, your credit rating plays a major factor. Depending on the type of loans, lenders will typically favor one credit rank over another. For example, if you have a ‘clean slate,’ you can easily apply for a personal loan Singapore or cash advance. On the other hand, the situation is different for a business loan in Singapore for SME wherein your business plan and societal status can play major roles. To have initial