# data[].attributes.headline
When debtors charge sky-high interests that families are not able to pay e.g. COURTS, unlicensed money lenders etc.

# data[].attributes.subject
When debtors charge sky-high interests that families are not able to pay e.g. COURTS, unlicensed money lenders etc.

# data[].attributes.headline
to meet financial obligations (mortgages), to meet daily needs

# data[].attributes.subject
to meet financial obligations (mortgages), to meet daily needs

# data[].attributes.body
able to immediately buy/pay for something if they don't have the money for it right now

# data[].attributes.body
They need money for certain purchases

# data[].attributes.headline
Accumulation of arrears, rising interests due to non-repayment. 

# data[].attributes.subject
Accumulation of arrears, rising interests due to non-repayment. 

# data[].attributes.body
To gamble

Family crisis

# data[].attributes.headline
good to borrow when the sum of money is huge and it is more financially affordable to pay in instalments

# data[].attributes.subject
good to borrow when the sum of money is huge and it is more financially affordable to pay in instalments

# data[].attributes.headline
when there is urgent need but they have exhausted all other sources

# data[].attributes.subject
when there is urgent need but they have exhausted all other sources

# data[].attributes.headline
to purchase bigger items that they are unable to pay upfront for

# data[].attributes.subject
to purchase bigger items that they are unable to pay upfront for

# data[].attributes.body
when they want/need cash instantly.

# data[].attributes.body
Urgently need more cash on hand to meet daily necessities

For unlicensed moneylenders, low barrier to entry

# data[].attributes.headline
Taking up loans to settle outstanding loans.

# data[].attributes.subject
Taking up loans to settle outstanding loans.

# data[].attributes.headline
When they need to manage cash flow and defer payments for certain goods/services that are essential. Also, must have ability to service the loan repayment every month. 

# data[].attributes.subject
When they need to manage cash flow and defer payments for certain goods/services that are essential. Also, must have ability to service the loan repayment every month. 

# data[].attributes.body
When your debt is more than your income

# data[].attributes.body
Inability to cope with repayment

# data[].attributes.body
Sustainable CPF OA to pay for HDB loan (monthly mortgage)

# data[].attributes.headline
When coupled with one's addiction issues (e.g. gambling, alcoholism).

# data[].attributes.subject
When coupled with one's addiction issues (e.g. gambling, alcoholism).

# data[].attributes.body
to meet an immediate need/want that is beyond their current financial resources.

# data[].attributes.body
good to borrow: you have certainty that you can pay back (e.g., you know you will be paid at the end of the month AND salary > amount borrowed) [for short-term loans]

not good to borrow:

no/little certainty about ability to pay back

borrow to pay back other loans/debts -> get trapped in debt cycle

# data[].attributes.headline
overestimation of ability to afford certain expenses

# data[].attributes.subject
overestimation of ability to afford certain expenses

# data[].attributes.headline
for housing if it's sustainable and help clients long term

# data[].attributes.subject
for housing if it's sustainable and help clients long term

# data[].attributes.body
borrowing money to pay back loans/debts -> creates debt trap, hard to break out of

# data[].attributes.headline
not good when unable to repay debt, may snowball due to interest rates (e.g. credit card)

# data[].attributes.subject
not good when unable to repay debt, may snowball due to interest rates (e.g. credit card)

# data[].attributes.body
want to contribute to social activities or ceremonies e.g. paying certain % for daughter's wedding event

# data[].attributes.body
Rely on borrowing to clear debts or to meet basic needs

# data[].attributes.headline
Good to borrow if it is an informed decision with a plan and financial capacity to pay back.

# data[].attributes.subject
Good to borrow if it is an informed decision with a plan and financial capacity to pay back.

# data[].attributes.headline
borrowing from the banks to pay for properties (HDB) is considered reasonable, however needs to do thorough financial analysis to ensure that client can fulfill the repayment periods

# data[].attributes.subject
borrowing from the banks to pay for properties (HDB) is considered reasonable, however needs to do thorough financial analysis to ensure that client can fulfill the repayment periods

# data[].attributes.headline
education loan if the interest is manageable

# data[].attributes.subject
education loan if the interest is manageable

# data[].attributes.body
unlicensed moneylenders -> harassment and danger to self and loved ones and even neighbours

# data[].attributes.headline
Ability to exercise discipline/financial prudence in committing to instalment plans.

# data[].attributes.subject
Ability to exercise discipline/financial prudence in committing to instalment plans.

# data[].attributes.body
good to borrow: when it is a big sum of money but can be repaid with stable income and returns from investments etc. exceed interest

not good to borrow: when income is unstable and not guaranteed

# data[].attributes.headline
Not good to borrow if the amount couldn't be paid by the deadline

# data[].attributes.subject
Not good to borrow if the amount couldn't be paid by the deadline

# data[].attributes.body
e.g. large amounts which cannot be covered by low and inconsistent income

# data[].attributes.body
Good to borrow when they have stable flow of income and able to pay back according to plan.

Not good to borrow when person is unsure if they are able to pay off the debt

# data[].attributes.body
Good to borrow when there are means to pay within the stipulated loan period, with a continuous and secure income stream.

Not good to borrow when uncertain of ability to repay and monthly repayment adds stress to one's financial burden.

# data[].attributes.body
To borrow to pay for big ticket items like houses.

Bad to borrow to fulfill ones wants or to feed a bad habits like gambling or drugs.

# data[].attributes.headline
individual is unable to track loans that are taken up and loans are taken up to repay other loans

# data[].attributes.subject
individual is unable to track loans that are taken up and loans are taken up to repay other loans

# data[].attributes.body
immediate gratification - fast money

# data[].attributes.body
good to borrow when there is capacity to pay back

# data[].attributes.body
Good

Planned, for a purpose and affordable - HDB housing loan.

Not good

Reactive, unnecessary - lifestyle habits, gambling

# data[].attributes.headline
Some borrow from one moneylender to return to another moneylender.

# data[].attributes.subject
Some borrow from one moneylender to return to another moneylender.

# data[].attributes.body
when debt continues to accumulate

# data[].attributes.body
Debt becomes a problem when accumulative interest that leads to increasing loan exceeds income generated or available financial resources.