September 18, 2015 / by Karen Tan / General / 6 comments
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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Read more about these posts of Platinum Credit’s Licensed Money Lender Blog that are labelled with the tag of SMS Tactic.
Loan Sharks Impersonating As Platinum Credit
December 22, 2015 / by Karen Tan / General / 4 comments
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 […]
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Beware of New Loan Shark SMS Tactics
September 18, 2015 / by Karen Tan / General / 6 comments
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.
Read more