Guide to Spotting and Avoiding Illegal Money Lenders in Singapore

illegal money lender

Illegal moneylenders are a hidden danger in Singapore, exploiting vulnerable people with deceit and intimidation. In one shocking case, a man, desperate to repay a loan shark, posed as a social worker to trick an elderly couple into signing mobile contracts for the illegal lender’s use. Stories like these show how loan sharks prey on … Read more

Debt Collector Singapore Do’s and Dont’s: The Ultimate Guide [year]

debt collector singapore

Navigating Singapore’s debt collection regulations for 2024 is crucial. Starting March, collectors must be licensed by the Ministry of Home Affairs to avoid fines up to $20,000 or imprisonment. Despite strict laws to curb harassment, there are still over 367 police reports annually. With credit card debt at $7.33 billion and bad debts up 20% … Read more

Unlicensed Money Lenders: How to Identify and Protect Yourself

unlicensed money lenders

Singapore has long been a hotspot for rapid financial development, but with it comes the shadowy world of unlicensed money lenders, also known as loan sharks or “Ah Longs.” These illegal money lenders now use digital tactics like apps and social media to exploit vulnerable individuals seeking quick cash, exposing them to severe risks. The … Read more

How To Find Reliable Money Lender in Singapore?

Reliable moneylender shaking hands with borrower after signing contract

Moneylenders help thousands of people every year. Despite this amazing feat, not all licensed moneylenders are made equal.  There are credit companies that provide better service than their competitors. If you are planning to apply for a Singapore personal loan, business loan, or other types of loans, here’s how to find the most reputable Singapore … Read more

Borrowing From Moneylenders: What You Need to Know

Businessman and customer shaking hands

As much as possible, nobody wants to borrow money from any lender because you’ll need to compensate them with interest. Singapore’s banks and financial institutions have continuously engaged in legal and regulated moneylending practices, allowing them to charge added fees over interest rates. However, it’s wise to borrow money if you don’t have the luxury … Read more

Private Money Lenders in Singapore: What Loans They Offer?

Loan form Private Money Lender Guide

Singapore is well-known for its high living costs and, from time to time, we all need a helping hand with our finances. That said, it can sometimes feel daunting to take out a credit card, sign a loan contract or borrow some extra cash from the bank – especially if you’re worried about accumulating interest … Read more

Borrower’s Guide to the Money Lending Act in Singapore

Money Lending Act in Singapore

We’ve all been there, moments in our lives where the amount in our pockets versus our need for cash don’t see eye-to-eye. Whether it’s a dire emergency or a financial opportunity with a small window, sometimes our finances aren’t quite liquid, or our savings just fall a little too short. Luckily you have a few … Read more

List of 12 Month Loan Lenders in Singapore

Loan Lenders shaking hands

Having many choices is one of the best qualities of Singapore. You have a listing of financial products capable of helping you achieve your financial goals. Truthfully, each one carries a risk, but having a cash advance in Singapore has become easy thanks to an easily-accessible licensed money lender near you. The Moneylender’s Act of … Read more

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