A man heard from friends (ah gao ah neow) that getting more loans will help him with his credit rating and he took it literally.
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My friend told me that I can get a better rating for my credit if I have more loans and I end up in debt.
My friend said that the credit rating report… will determine how much loan I can get from the bank, He suggested me to apply for credit cards and a loan from the bank.
End up I in debt, he never tell me that if I even missed one payment I will be penalised. Now I am in debt as I did not calculate the proper amount of loans and credit card spending I can use per month.
I really regret listening to my friend for taking the loans and credit cards.
Sometimes, I dono is i stupid or my friend stupid. Maybe i stupid. I no sure.