Can I borrow cash to a credit card?

There are a lot of cases not only in Singapore but all over the world. Identity theft is an illegal thing to do. Being someone who is not you is against all the laws in the world. Usually things like this happens to banks. You can easily prove yourself that you are not the one who is using your credit card at that time and the bank can locate where the transaction is made.

The first thing to do is to look for the statement of the merchant and look where the transaction was done since it will be a great helping hand for the company in tracing the one who made those purchases. In order to protect yourself from identity theft, ask for the company's fraud protection services that can help you in knowing about the purchases made using the credit card.

It is truly scary when you lost your credit card because anyone can use it to buy literally everything. But of course, there are ways to prevent those from happening. The first thing to do is to notify the one who issued your card so that they will be able to give you a new card and shutdown the old one. Do this as soon as possible.

Most business persons usually use their personal account to finance a business. Credit cards are an expensive way to finance long-term debt, and should be used primarily for smaller costs that can be paid off quickly. So it is not advisable to use your credit card to finance you business. In addition to the costly nature of using your personal credit card for business purposes, there is an additional risk associated with this practice.

Credit cards is like a loan but in the form of cards. Credit card, just like loans, allows us to borrow money from the bank for a period of time together with the borrowed money, you will also be need to pay interest. Before accepting the card, make sure that you have read what you are going to sign. The only difference in the credit card companies are the benefits you will get if you avail the card, plus the percentage of interest to the borrowed money.

In the situation that the amount owed to all of your creditors is at least $10,000, you can be made bankrupt in Singapore. The problem however isn’t just being declared bankrupt. The Official Assignee then seizes your belongings which in Singapore can include, property, tools of your trade, property held in trust for someone else, and even clothing and furniture. In fact, the any property can basically be seized including future property that the bankrupt person may come into possession in the future.