While legal tender may be the result of a more civilized society, bartering and trading services is nothing new by any means. In the earliest days of human development we began to realize that different people could perform in different roles, so placing a value on the work of others has an obvious use. Assigning money values to this was the natural next step, making it much easier to coordinate agreements between different people without much fear. Government regulation comes into play to make sure that people cannot cheat the system, but finding a legal money lender in Singapore can still be a tricky process.
The chances of getting flat out scammed are obviously pretty low based on the protections that are available, but there is a lot of grey area that can be confusing. For example, many lenders will advertise one rate that looks very good, but in reality they have fine print in the contract that makes a different rate come into play. This means that doing research before agreeing to anything is very important, because once you take the money and head out, there is often no way to get out of any agreement that was made.
Of course the most reputable companies out there avoid this kind of behavior, as they really just do not want to upset customers and risk tarnishing the opinion that the public holds about them. This is the ideal kind of company to find, as everything from customer service to loyalty will be higher since they are more interested in amicable business than trying to make a quick buck. Of course, different companies have different options and plans still, so finding out what will work best for each individual is important. People have different priorities about different aspects of any deal, so take the time before diving in and assuming something will be right.