Moneylender review - Singapore youths lure by fast cash to carry out loansharking activities

Singapore youths lure by loansharks

Online adverts and social media in Singapore are luring youths in by promising fast and easy cash. Youngsters who apply for these employments soon discover that they need to carry out loansharking activities, including badgering of borrowers. A significant number of them, pulled in by the pain free income on offer, still join. Many of them get caught for overstepping the law and […]

Moneylender review - Is there a risk in taking a personal loan?

Personal loan, is there a risk?

Sometimes an individual may have a need that requires one to take a personal loan. One may require purchasing an asset or undertaking a project which requires a substantial amount of money. In such cases, a personal loan will come in handy. It is a loan that helps you sort out personal goals and targets. However just as every loan, […]

Moneylender review - Arrested for loansharking activities

90 arrested, loansharking activities

Police have arrested 90 suspects suspected of loansharking activities. In a news release, SPF said that the 61 men and 29 women are nab in an islandwide anti loansharking operation. During the three day operation, officers conducted multiple raids at multiple locations in Singapore. Initial investigations reveal one suspect is believe to be a runner who assist the loansharks in their businesses by carrying out […]

Tips before taking a loan

Before approaching a money lender in Singapore, here are some moneylender tips. You can approach the various financial assistance schemes offered by various Government agencies. Additionally, you can approach banks to inquire for a loan. Banks may have longer processing time however, it is definitely much cheaper than approaching a moneylender. Once you contract with a moneylender, you need to fulfill the loan […]