Personal Finance
The common traits of banks
By Property Soul  •  December 9, 2013
If you understand something about banks, you may notice that they have a few common traits: 1. When you least think of them, they contact you most (with cold calls). 2. When you don’t want to see them, they want to reach you (to collect outstanding loan). 3. When you need them the least, they want to lend you the most. 4. When you need them the most, they want to lend you the least. I once received a call from a bank representative. Bank: Is this Ms xxxx? I am calling from xxxx bank. To reward our loyal customers, we are offering a $15,000 personal loan to you at a special rate of … Me: No, thank you. I don’t need to borrow money. Bank: Why not? The interest rate is low. Me: I have enough cash. I don’t need to borrow money. Bank: But you can keep your ......
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By Property Soul
I have developed a strong passion for properties since young. In my 20s, I was relocated to Singapore where I bought my first condominium unit at the end of 2002. I added four more to my property portfolio in 4 ½ years’ time. I never expected their total value could be doubled in just a few years.
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