They gave me more than what I requested

An incident like this usually happens and as a museum goer, you are not obliged to pay the damage. You can report what had happened to the museum attendant and they will let you leave. After the incident report, an insurance company will send a representative to inspect the workplace and evaluate the damage. They will obtain a proposal for the repair to a conservator.

It was technically legal because you will be the one to handle the money that you have loaned which means that you can do whatever you want to do with the money that is loaned. Just make sure that no law will be violated, specifically the loan shark law which is asking for an interest that is greater than 15% of the other loans. If this law has been violated, all the charges will be refunded and it will just bring hassle.

Anyone can be a guarantor. But for them to be a guarantor, they must be trust worthy. For you to be able to know if the company that you are loaning is worth it. Try to research about their feedback. If you have friends or family who loans to people or banks, you can get their feedback if they are trustworthy to be your guarantor

If you want to get a home loan. So you should be these documents. Duly-completed and signed UOB Property Loan Application Form. Copy of NRIC/Passport of applicant(s) Income documents: ... Option to purchase. Latest CPF statement of account (if CPF usage is involved) Latest CPF withdrawal statement for existing property (if applicable) And depending on your financial or credit situation, you may be asked to provide other financial documents. Your joint applicant, if any, will also be required to provide your documents.

Technically, there is still debt left and you owe money to the loan shark. One of your relative will stand as your guarantor and he or she will be the one responsible for your unpaid debts. Make sure to let them know so that they are always prepared whatever happens. Also, it is better to pay in full amount because it will not increase if there is nothing left, no interest will be added since there is no more unpaid debt.

Like in most financial institutions your bad credit record would definitely affect your eligibility to obtain a housing loan because it would be harder for those financial institutions to trust your capacity to pay off your debt. You need to at least have a clean credit record for at least 6 months before you get approval from financial institutions.