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...
