I once know a bookie from the north area doing big on football betting. Player has lost to him a few properties and still ask the player go jump cause he refused to sell his last assets. Endup player did jump, broke both legs and become police case. After awhile later, bookie is back in business. Like tat also can? Dont say loan shark cannot find you, as long as you have register your new address n banking address, its never hard to find a person in singapore. Its only computer clicking in 5mins, they know where your new address
To be continue... anyone game to know more, up me
As long as you are on this island anyone can find you .
But usually operators will try not to except loans using under private apartment/condo address. Cause its quite troublesome, guarantor sure kana big time from haressment.
Many stalls out there..High risk high return venture..Once a debtors borrow with them hard to clear the debt.as debtor tend to borrow back again..Recurring profit.
Some of us may have turn to moneylenders (legal and illegal) to fund our sex drive or our gambling habits.
Do share your experiences in this trade (as a debtor or an ex-ah long)
How they operate, how to negotiate with them, how to avoid trouble etc.
I think nowadays they operate w/o the need to meet up to verify your IC like last time. Now everything goes by Singpass.
Loansharks are bastard who will resort to anything to recover the loan, and they took advantage of desperate people and charge exorbitant interests. But in the first place, if no one approaches them for a loan, would they survive? Answer is no. In the end, the biggest fool is those who chose to borrow money from the loansharks....
Loansharks are bastard who will resort to anything to recover the loan, and they took advantage of desperate people and charge exorbitant interests. But in the first place, if no one approaches them for a loan, would they survive? Answer is no. In the end, the biggest fool is those who chose to borrow money from the loansharks....
Well said bro...But there are many desperate guys out there. Heard from my fren some borrow to buy latest iPhone some spend hanging flowers..But most are gambling addicts...
After you started getting a loan, very soon you will have a lot of good bros who will contact you to offer you more loans. Your contact will be circulated among the ah longs as potential customers. The more loans you get, the more shit you sink into...
Alot of operators have a data base linked. If you have siam your previous ah long by changing address, my advise is dont take any loans from loan shark. Once you submit your info n ic, trying to take new loans. This operators has a habit of calling other known operators to check your ic n background. If heng heng, your info n ic appear to the old ah long you owe, very fast someone will come over n do job at your new address
Alot of operators have a data base linked. If you have siam your previous ah long by changing address, my advise is dont take any loans from loan shark. Once you submit your info n ic, trying to take new loans. This operators has a habit of calling other known operators to check your ic n background. If heng heng, your info n ic appear to the old ah long you owe, very fast someone will come over n do job at your new address
How big is this data base ? Is it the same system as what the legal moneylenders are using ?
I thought that have this pratice/mentality/code of conduct of "I dont care who you owe as long as my loan you pay swee swee can liao" ?
22-10-2017, 04:39 PM
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