How can a guarantor help a relative financially?

My family has a lot of connections here in Singapore. They are known for their works and accomplishments in the company that they have established. Our family is not like the other families who steps at each other due to financial problems. We do not trust those people who do not work hard and just wants to easily earn money.

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Due to the connections that you have, you can assure that the guarantors that you will acquire are trustworthy. Your family is well-known and will surely get a lot of feedbacks from other people. If a relative is need financially, you can easily get a lot of help from a lot people in you situation that you are handling.

2020.03.24 15:44

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Our business is tied with other companies

Most companies have a lot of connections, they sometimes ties up with other companies to help each other and share the stocks that they have. But there are companies who goes bankruptcy and will go foreclosure. When they are closing the business, they cut their ties immediately to not stain the other companies name. Or sometimes when they are liquidating, it goes to the shares.

What if one fails to pay installments?

Singapore’s statutory laws that regulate repossession can be found in the relevant sections of the Hire-Purchase Act. This states the rules that both parties must follow and adhere to. Upon repossession, you must inform your friend of the details of repossession. When you repossessed the car, you must allot 7 business days for you to resell it to others and allow your friend to pay his arrears. After this, it is up to your friend if he will respond accordingly about his intention, if he will pay and request for the return of the repossessed car or respond nothing and allow you to sell it to others.

My brother had a motorcycle accident.

If you had a major accident, there is a chance that you are not fully recovered. It can affect your carrer and also your lifestyle. If your past job cannot be proceed due to your situation, it is morelikely for you to find another job. There are a lot of jobs that you can get here in Singapore that might interest you.

Inheritance of money

Both party will be able to get inheritance from the deceased but the child/children and wife of the deceased will inherit the assets left. Also, if his parents were still alive, they will also be part of the one sharing the inheritance left. This is under a law about what will happen if a person suddenly dies without a will.

Can I report to the police an illegal money lender?

There are a lot of loaners out there that are not being acknowledge because they are just minor loaners or just a lend from a friend. But there are cases where even though they are your friends. They are charging you a percent that is more than the company loaners offer. They are called loan sharks. Being a loan shark is illegal. Loan sharks cannot file a complaint against you. If you are being threatened by those people. You can report to the police to help you with that.

I find it harder to trust, will I be able to trust again?

So here's an Idea you have to understand that not every person you meet will be the same person as the last, not everyone does that and not everyone will take advantage of you. Trust is definitely important in any given aspect of a relationship, yes I know it sounds hard to do that after all the pain and hurt but you have to be vunerable and take risks if you actually want to find someone worth it.