Moneylender Reviews

Loan Sharks Tactics in Singapore (2017 Update)

loan sharks

Loan sharks tactics in Singapore – What you need to know  Loan sharks are unlicensed moneylenders who issue loans illegally. They often lend money on unfair terms which have exorbitant interest rates. The loan sharks do not abide by the law and use violent and unscrupulous tactics. To give loan and recover money owed. They try … Read more

Money meant for needy stolen

Moneylender Review - Money for needy stolen by MSF employee

His job involved disbursing money to low income families in need of financial help. But a Ministry of Social and Family Development (MSF) employee allegedly transferred the money to his own bank accounts. He then use the money to pay off his debts and lead a lavish lifestyle. In addition, he also repaid his debts, amounting to about $13,000, to several licensed moneylenders. Furthermore … Read more

Loansharking activities, suspects arrested

Credit Review - Suspects arrested for loansharking activities

The police have arrested 27 people, aged between 24 and 66, for their suspected involvement in loansharking activities. During the three day operation, officers conducted raids at multiple locations in Singapore. During initial investigations the four suspects are believed to be runners. They have assisted the loansharks in their business by carrying out Automated Teller Machine (ATM) transfers, … Read more