Read more about these posts of Platinum Credit’s Licensed Money Lender Blog that are labelled with the tag of Bad Experience.

Beware of New Loan Shark SMS Tactics

Loanshark Singapore

It seems that with the capping of interest rates charged by Singapore licensed money lenders to 4% per month (effective 1 Oct), the illegal loan sharks (unlicensed money lenders) are feeling the heat and starting to step up their efforts (or rather deceptive SMS tactics) to con unsuspecting victims into borrowing money from them.

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