Things You Should Consider Before Taking Loan We all know this is not an ideal world. In a perfect world, everybody will have enough finances to cater for their every need. But in the world we are living in today, there is a great discrepancy between the “have” and the “have nots.” Those who do...
Borrowing Money from Loan Sharks or Illegal Moneylenders With today’s deteriorated economy, it is hard to meet the ever-escalating cost of living. Banks and legal financial institutions are coming up with stringent rules of borrowing. And they are continuously rejecting many applicants. This has forced people with the urge for finances to turn to other...
The Singapore Police Force has arrested 90 people in connection with unlicensed money lender activities. The suspects consisted of 61 men and 29 women over a period of three days. During simultaneous raids, six separate police divisions carried out the arrests. Most of the 90 people opened bank accounts to help loan sharks with their illegal money lending...
Guide to Borrowing from a Licensed Moneylender in Singapore? 1. What should I consider before taking a loan? – Consider other alternatives, such as the various financial assistance schemes offered by various Government agencies. – Consider whether you are able to abide by the contractual terms. Bear in mind your income and financial obligations. Thus only borrow...
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