Damn those loan sharks
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I have read thoroughly what you wrote And something really puzzled me. You mentioned you are unemployed so you got not choice but to borrow from loanshark.
No income and yet you are able to repay $150 every week for a month!
Forgive me if I m wrong, let me guess, you managed to pay.....
$150 every week working part time?
$150 every week borrowed money from friends?
$150 every week winnings from casino or 4d? I think casino mainly as nobody wins 4d every week.
$150 every week day dreaming or dejavu?
sorry, treat this post as really bullshiting. God bless you.
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the moral of the story is NEVER EVER borrow from loansharks! Explore alternatives. If you have insurance plans, some of these plans allow for withdrawal of cash at difficult times. If you have shares, try to liquidate them. If you have a flat, rent out a room. If you do not have all of the above, and no job, find a job. Any job. There are jobs in Singapore that no one wants to do, such as dishwashing, clearing dishes at hawker centres. These are decent jobs that offer you a pay. The encounter from the writer is similar to a friend of mine in the past. He borrowed from a legal finance company. But it ended up that his bank account info was somehow made known to an unlicensed moneylender who credits money into his bank account, and thereafter starts to harass him for moneny, even after the last repayment. In any case, they will not want to terminate the business. They will keep giving you money. Somehow our police has been effective against a lot of crimes, but not against loansharking, which I cannot understand why. Maybe it is really very complicated network of crooks. In any case, I feel that the writer should be responsible to clear the mess left by him and not leave the new owner to bear the brunt of his past actions. It is very unfair that new occupants are being harassed for something which they did not deserve. I hope one day all the loansharks can be eliminated once and for all.
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Originally posted by hubba hubba:
Asl7777, the core of my post here is the mode of operation of the loan sharks. as to why and my background does not affect it at all. besides havent u noticed the first few posts? i wouldnt want to be seen as begging for sympathy or encouragement as mentioned by some dimwit.
Wow, thank you for telling us that playing with fire is dangerous, I am sure that your post would be useful for people who has an mind of 5 years old virgin kid who didn't know what crimewatch is or how to read those loan shark's warning poster at the bus stop.
And just an kind advise for you when you need small cash in the first place, you heard of working in F&B industry like Macdonald, Burger king etc or pawn shop/selling second hand goods like laptop/handphone etc? Unless you telling us you didn't even have an O level, maybe like you said your background will not affect your future 'ricebowl' and maybe the loan shark just 'accidently' find you and you pity them they get no business and that why you borrow from them.
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One up for shirt_less...
you are right! the police has set up a unit called Unlicensed moneylender Strikeforce, also part of the CID. They put in 100% of work trying to bring all loansharks into justice. But the loansharks are just too evil.
10 years ago, loanshark operates in singapore. You call them, they will ask you to meet somewhere in the evening. The commandos will meet you up checking your NRIC. Someone will call you house pretending to be your friend asking for the address saying that they want to mail a wedding invitation card to you. This is to verify that you are staying in the address stated in the NRIC. After verifying all details, the commandos will pass you cash. Usual operating hours of loansharks are usually 2 hours in the evening.
loansharks are operation out of singapore now. They will send SMS saying they are from some legal finance company in singapore., Gave you a prepaid number to call, then call you back using internet calling. Get your NRIC no and sing pass and date of issued of your NRIC. They logged into your cpf using sing pass and try to amend your sing pass. This process will need you to key in the date of issued of your NRIC. If they managed to change it, it means that your NRIC card is authentic. Then they will ask their contacts in singapore(usually their debtors who worked for them when they cannot pay) to bank in the loan into your account. You will just need to sit at home waiting for money to come in.
then every week, you will bank your payment into their designated account. As to why there are differents account numbers for you to bank in? It is because some account holders were caught by the unlicensed moneylender Strikeforce, so, cannot use already.
People here, please ignore SMS from credit companies advertised with a mobile number. These are loansharks.
Take note that a licensed money lender can only advertise their office land line numbers on their advertisement.
When you are granted a loan by a licensed moneylender, you are required to step into their office and sign the "note of contract", a legal document under the law, must have. Before signing the NOC, the authorize officer of that company must explain to you in details of the repayment schemes. After signing all legal documents, they will issue to loan to you by cash or by cheque.
licensed moneylenders are regulated by laws in singapore.
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Originally posted by shirt_less:
the moral of the story is NEVER EVER borrow from loansharks!
Explore alternatives.
If you have insurance plans, some of these plans allow for withdrawal of cash at difficult times.
If you have shares, try to liquidate them.
If you have a flat, rent out a room.
If you do not have all of the above, and no job, find a job. Any job. There are jobs in Singapore that no one wants to do, such as dishwashing, clearing dishes at hawker centres. These are decent jobs that offer you a pay.
The encounter from the writer is similar to a friend of mine in the past. He borrowed from a legal finance company. But it ended up that his bank account info was somehow made known to an unlicensed moneylender who credits money into his bank account, and thereafter starts to harass him for moneny, even after the last repayment. In any case, they will not want to terminate the business. They will keep giving you money.
Somehow our police has been effective against a lot of crimes, but not against loansharking, which I cannot understand why. Maybe it is really very complicated network of crooks.
In any case, I feel that the writer should be responsible to clear the mess left by him and not leave the new owner to bear the brunt of his past actions. It is very unfair that new occupants are being harassed for something which they did not deserve.
I hope one day all the loansharks can be eliminated once and for all.
words of wisdom from shirt_less
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y there r loansharks?
could it be tat they have connections with some higher up entities...
who r the main customers of loanshark...
wat r their main purposes of borrowin the money...for saving lives, children education...maybe less than 5%...
if those influx of cash benefit those few sectors...utimately who will benefit...
of course the police will keep them in check but never exterminate completely.
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@hubba hubba, me too, ever experience this b4.. everything they did, is online. they even ask my sgpas but den I was desperate tat time, so I share it wif them. after my last payment. I chge my sgpas & terminate my bank acct. I stil receive their mass svcs but I juz ignore.
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Originally posted by shirt_less:
the moral of the story is NEVER EVER borrow from loansharks!
Explore alternatives.
If you have insurance plans, some of these plans allow for withdrawal of cash at difficult times.
If you have shares, try to liquidate them.
If you have a flat, rent out a room.
If you do not have all of the above, and no job, find a job. Any job. There are jobs in Singapore that no one wants to do, such as dishwashing, clearing dishes at hawker centres. These are decent jobs that offer you a pay.
The encounter from the writer is similar to a friend of mine in the past. He borrowed from a legal finance company. But it ended up that his bank account info was somehow made known to an unlicensed moneylender who credits money into his bank account, and thereafter starts to harass him for moneny, even after the last repayment. In any case, they will not want to terminate the business. They will keep giving you money.
Somehow our police has been effective against a lot of crimes, but not against loansharking, which I cannot understand why. Maybe it is really very complicated network of crooks.
In any case, I feel that the writer should be responsible to clear the mess left by him and not leave the new owner to bear the brunt of his past actions. It is very unfair that new occupants are being harassed for something which they did not deserve.
I hope one day all the loansharks can be eliminated once and for all.
SGX says there is $68m worth of unclaimed shares, dividends
Someone is $1.2 m richer
How to find out if you're the one? See chart at right
Report by KOH HUI THENG
Say "ho ho ho" if you are the "$1.2 million man" because Christmas (or your year-end bonus) has come early.
You will get that tidy windfall despite your forgetfulness.
How do you know if you are The One? You must have invested your hard-earned money some years back.
And you must have forgotten about the dividends from your investments.
Now, the Singapore Exchange (SCX) wants you to claim your money. Or it will be returned to the companies that issued the dividends.
You would be one of 89,000 investors who have money coming to them, said SGX in a statement yesterday. On paper, these investors are holding on to about $68 million in unclaimed shares and dividends.
That includes the person who is about to be $1.2 million richer - the largest single unclaimed amount this time.
Among the 89,000 are:
About 15,000 investors who own $14.6 million of Singtel shares and dividends.
They have no Central Depository accounts and had bought the shares at $2 each in the company's 1993 initial public offering.
The shares have returned more than twice that amount since.
• Another 74,000 are shareholders who have yet to claim $53.7 million in dividends, which is in SGX safe-keeping.
They cannot be contracted and did not cash their dividend cheques. Unclaimed dividends are returned to the relevant listed companies after six years.
RAISING AWARENESS
Besides locating the rightful owners, SGX executive vice-president Chew Sutat said the exercise will help to make Singaporeans more aware of the role that share investment can play in their financial planning.
He said: "We hope to draw attention (to the fact that) investing in the equity market brings about returns."
SGX's head of retail investors Lynn Gaspar said: "Singaporeans work very hard for their money, but we have to make our money work harder for us."
To encourage investors to come forward, SGX is waiving the administrative fee for the re-issuance of dividend cheques and dividend crediting until Jan 26.
To check if you own any unclaimed assets, go to www.sgx.com/mygateway or call 6589-8039 during office hours.
He received $100,000
Private school operator Winson Choo, 49, was among the investors SGX managed to trace down.
He received a phonecall from SGX about three months ago. At stake: An estimated $100,000 dividends.
Mr Choo told The New Paper: "I was very surprised when they reminded me. I'm just a small fry."
He knew about the money but was "too lazy" to do anything about the accumulated dividends. Paralysed after suffering a stroke in 2002, the Serangoon North resident also found it a hassle to deposit cheques.
"There are no facilities in my estate I have to take a cab to Ang Mo Kio Central for the quick cheque deposit service," he said.
After applying for the Direct Crediting Service, Mr Choo's money was credited into his account within the week. He intends to park the money in a foreign currency account.
"It feels wonderful to get back my money after so many years. The staff did a good job."
News, The News Paper, November 27 2013, Pg 8 -
Originally posted by Jen.san22:
@hubba hubba,
me too, ever experience this b4..
everything they did, is online.
they even ask my sgpas but den I was desperate tat time, so I share it wif them.
after my last payment. I chge my sgpas & terminate my bank acct.
I stil receive their mass svcs but I juz ignore.
hi Jen.San22, thanks for the post. i truly understand how you felt then. i will terminate all my bank accounts too. will also change my number too. Good to know you manage to come out of this.
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Got a call from the loan shark syndicate today. It was another person as he claimed. i cant really tell over the phone if it was the same dude. anyway he was asking me why my payment was late. i explained to him that it wasnt late. I was due to pay back last week when his colleague forcefully dropped another sum of loan to my account without my consent and didnt give me a chance to settle my last installment for the existing loan. And i told him i was pissed to receive his vulgar barrages. He actually apologized for that and after some verifying he said that it was a colleague of his. This colleague got drunk and did stuff like that. He made me narrated the whole saga and he note it down as a statement which he said he will let his boss know of this incident. So he gave me an account to make the last remaining payment installment. He said that the reloan amount of $300, he will notify his boss and let me know the outcome.
He also mentioned that this is a business they are doing. they wouldnt want to sabotage such relationship as he noticed that i am always very prompt on my payments. With that he hanged up.
Frankly, regardless what is the outcome i am prepare to pay off if interest if it is added for the loan that i did not agree to. i just want to move on. but i will take the advice of Jen San. terminate my bank account and change my hp number.
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Originally posted by Jen.san22:
@hubba hubba,
me too, ever experience this b4..
everything they did, is online.
they even ask my sgpas but den I was desperate tat time, so I share it wif them.
after my last payment. I chge my sgpas & terminate my bank acct.
I stil receive their mass svcs but I juz ignore.
"they even ask my sgpas but den I was desperate tat time, so I share it wif them."
hmmm.....
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Originally posted by hubba hubba:
Sgdiehard, like many before you, you didnt read my story impartially but rather already jumped into conclusion and gave me the death sentence. i paid all my dues. i can only repay when the loan shark message me the account number to make the transfer, it was a different account every time. at my last repayment, i did not receive the account number but instead the loan shark put another $300 into my account without my agreement. and now demand me to continue my loan installments. i only borrow what i can return and i did so far. which part of my story depicts that i have problem or i have no intention to uphold my end of agreement ???
I thought they gave you account numbers so you could deposit your repayment. you have access to those account and know that they put $300 in the account they gave you? could you draw the money out from that account? I thought they gave you account numbers so you could deposit your repayment.
"I needed short term loan. Cant get any and unemployed" sound like a problem that pushed you to take loan from loan shark. If you have no problem whatsoever but just woke up in the morning and decided to take money from a loan shark, you must have had a bad dream. Nobody gave you a death sentence, but we thank you for telling us that you are sure to get burnt if you play with fire.
have a nice day.
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personal loan is quite easy to earn money leh. That's why many loan shark.
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Originally posted by sgdiehard:
I thought they gave you account numbers so you could deposit your repayment. you have access to those account and know that they put $300 in the account they gave you? could you draw the money out from that account? I thought they gave you account numbers so you could deposit your repayment.
"I needed short term loan. Cant get any and unemployed" sound like a problem that pushed you to take loan from loan shark. If you have no problem whatsoever but just woke up in the morning and decided to take money from a loan shark, you must have had a bad dream. Nobody gave you a death sentence, but we thank you for telling us that you are sure to get burnt if you play with fire.
have a nice day.
TS wrote: One month ago, I have to get a loan again so I return to him. This time was $450 cash, pay back $150 weekly for a month. I did that but something happened. On my last installment date, he offered me ‘reloan’ again and I declined. But instead he verified my account number with me. I told him to message me the account number to me so that I can make my last repayment. He did not and instead he credited $350 into my account. I didn’t realized that until the next day when I checked my bank account. I believe what TS meant was that there are two accs 1) the ever changing accs, the loan shark wants him to deposit his repayment. 2) another, his personal bank acc the loan shark deposited the loan to him. They prevented him from terminating his loan by redepositing into his personal acc. Am I right, hubba hubba? -
Originally posted by 4sg:
TS wrote: One month ago, I have to get a loan again so I return to him. This time was $450 cash, pay back $150 weekly for a month. I did that but something happened. On my last installment date, he offered me ‘reloan’ again and I declined. But instead he verified my account number with me. I told him to message me the account number to me so that I can make my last repayment. He did not and instead he credited $350 into my account. I didn’t realized that until the next day when I checked my bank account. I believe what TS meant was that there are two accs 1) the ever changing accs, the loan shark wants him to deposit his repayment. 2) another, his personal bank acc the loan shark deposited the loan to him. They prevented him from terminating his loan by redepositing into his personal acc. Am I right, hubba hubba?so there are two accounts, and one is your account where loan sharks or anybody can put in money? hahaha..the day money that is not yours come in, you either report to the bank that unauthorised money goes into your account or you verify with the loan sharks and then deposit back into their account and close the account. You can't only if you use that money, by accident?
Bank account, with online banking facilities, it is prudent for one to protect their account properly.
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these loan sharks are sharks...they deposit into your account but will not easily allow you to return the money back to them...you won't know how to return the money that was deposited, until a week later then they will demand repayment with interest, but they will not accept full repayment, so that they have recurring business... that is their modus operandi...
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i told you already gahmen and law and policing is dilly dallying. like they scare no jon to do next time.
form a groupd of hell-sent mata.
they will be 'victoms' and fake borrow money from every loan shark and then take the war to them by catching all the runners. can also infiltrate their dens and kic ktheir asses.
all no guts and no balls one - we the citizens - suffer only