Loan Sharks Impersonating As Platinum Credit
The loan sharks are responsible for many deceptive SMS / WhatsApp messages and phone calls. To con unsuspecting individuals into taking up an illegal loan with them. One of their new tactics is to masquerade as a Singapore legal money lender. And recently, they are impersonating as Platinum Credit.
Why Do They Do That?
To instill a sense of trust, the loan sharks will pretend to be a well-known licensed money lender. And offer (illegal) loans to the public via SMS, WhatsApp or phone call. Although enraged, we are also flattered. By using our brand, they have recognised Platinum Credit as a trustworthy market leader.
A ‘Live’ Example
The following is an existing SMS sent by a loan shark masquerading as Platinum Credit:
Do Not Respond
Platinum Credit abides by the Singapore Government’s regulations. We are NOT allowed to ask for business using email, flyer, SMS, WhatsApp or phone call. If you have received such fake messages or phone calls pretending to be from us, please do NOT respond to them.
For any clarifications, please feel free to contact us today!