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Loan Shark Harassment and how to stop it

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Old 30-04-2017, 10:37 AM   #16
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I came across your post which you wrote in 2014. I'd faced this back in 2013. It was a mistake made by my elder brother. The amount he borrowed wasn't much. But we got scared at first, and ended up paying a lot more. He had hid the matter from my dad and when we found out we tried to settle the whole thing in a day or two. But the last straw came when we realised the different "callers" sounded the same and tried to make us pag even more by telling us that the money we transferred to him got sent to the wrong account. So we made a police report. Fixed cctvs etc.. repainted walls and then we shifted house to regain our loss of money.. downgraded.

It's been 3 years. Just yesterday, my dad received a threatening msg that wanted to talk to my brother abt owing money. It is so out of the blue. We asked my brother. And we do have faith that he has changed for the better. We would have ignored it but then the so-called loanshark sent us an image of our current house door. So we're lodging a police report.

Just wondering, how has it been for you? Any threats now?
Hi I came across your reply. Recently I inquire to borrow money from a moneylender advertising his services by sms. My fault is I have send all my details to him, NRIC, bank account. In the end I change my mind and don't want to borrow but he said he already transfer 400., so I must pay 600 by the following week. Following week he ask me to defer payment and pay 200 only., but I want to clear so I paid 600. He started threatening and send some image of loan shark graffiti and threaten to burn my house if I don't pay him another 600. I have lodged a police report and have no intention of paying him again. The police suggest to change my phone number and don't reply again to this ah long.
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Old 30-04-2017, 10:39 AM   #17
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Just to share my experience - My dad used to owe money from both legal and illegal moneylenders.

Legal ones are the worst because they can openly shout outside your house and make a scene. They are very smart in their tactic to taunt you. For example, they will spit at you. When you got worked up and attempt to retaliate, they will start filming you to portray you as "aggressive". Thus, they have a good story to tell police and media that this family is so aggressive which is why they have to be "fierce". Police can only "ask" them to leave. In other countries, there is a law to stipulate timing where you are not allowed to solicit payment from debtors to avoid causing nuisance. However, in good old Singapore, there is no such law .

Illegal moneylender on the other hand, are people who will not be satisfy with a 1 time payment. They will compound and inflate the interest payable.
The people who harassed you are not the actual loanshark. They are often fellow debtors who cant pay up and forced to be runners to avoid embarrassment. The sim cards used by them are usually prepaid cards purchased from foreign workers who have left spore. Similarly, the bank accounts are also debtors or scapegoats who are paid to open accounts for them. Thus, it is very difficult to trace the mastermind. The downside is they are scared of police and thus, having cctv helps to make them "panic" and minimise damages to your property.
Were you guys threatened?
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Old 04-05-2017, 11:39 AM   #18
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Hi I came across your reply. Recently I inquire to borrow money from a moneylender advertising his services by sms. My fault is I have send all my details to him, NRIC, bank account. In the end I change my mind and don't want to borrow but he said he already transfer 400., so I must pay 600 by the following week. Following week he ask me to defer payment and pay 200 only., but I want to clear so I paid 600. He started threatening and send some image of loan shark graffiti and threaten to burn my house if I don't pay him another 600. I have lodged a police report and have no intention of paying him again. The police suggest to change my phone number and don't reply again to this ah long.
Happen to me also, so what happen after u clear the 600? Anything happen to ur house,family, next of kin?
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Old 04-05-2017, 04:49 PM   #19
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I setup this thread regarding Loanshark harassment. I, myself is not a debtor however to be frank someone in my family does.

I hope to gather more users and people to voice out. The Police are doing a lot to curb this problem. However we must face the fact that this problem had been there for decades. Have faith and trust in our system. It is very hard to eliminate the network, nevertheless if every citizen does their part in cooperating; it is must easier to get to the network.

This is how you can help. If any of your family members owe loan shark money, tell them not to pay up a single cent. Tell them to call the Police Hotline number 1800 225 0000 to transfer you to the relevant department. In which there is a specific department in the West that handle Loan Shark Cases.

In the event that you are the debtor, please refrain from helping the loanshark or fall into their trap to help them in their illegal activities. They will ask you for personal details. E.g. Singpass, ATM card or even ask you to help them distribute brochures or transfer money.

Donít fall prey to become a target by the loanshark syndicate. In the event that you canít make payment they will ask you to work for them to pay off your debts. Donít do it. Owing money doesnít resort in a death penalty, jail sentence or caning. However if you are debtors turn assistors, the punishment is very severe. You, yourself will in turn from a victim become a criminal.

Under the Moneylenders Act 2010 (Revised Edition), first-time offenders found guilty of carrying on the business as an unlicensed moneylender or assisting in the business of unlicensed moneylending may be fined not less than $30,000 and not more $300,000, be imprisoned for a term not exceeding four years and shall also be liable to be punished with caning not more than six strokes. First time offender found guilty of loanshark harassment shall be punished with imprisonment for a term of up to 5 years, a fine of not less than $5,000 and not more than $50,000, and shall also be liable to caning of not less than 3 and not more than 6 strokes.

You have heard of the saying, 明知道老虎会咬人,你还一直喂他,那就是自寻死路。
If you are a debtor, please donít blame yourself for what happen. If you are not desperate, you wonít be borrowing from them. Seek your family understanding. Sometime you would feel helpless, you are loss, you always trying to source money to meet payment, the pain and psychological torture is unbearable. But please face the fact; this is never the end of life.

Donít pay them; it is not against the law not to pay them. They will threaten to report on you and use a lot of threatening message to make you pay or work for them. But come to think of it, when did they show up to receive the payment in person. It is always through Bank Transfer. Ask yourself why.

Learn to understand the situation you are in, accept it. And be true to your family about the money lending matter. Call NPCG for counselling in the event that your family members donít understand.

The methodology that they used is always to instill fear in their victims. And from the news you would know that many loan shark always are so notorious. But come to think of it, who are the one that are being used by them. Who are the one that are doing the dirty job? The debtors are always the one.
Ask yourself a question, why does the Police always so reactive towards the loan shark? It is because the loan sharks are always under the veil. They used the debtors as smoke screen.

What will happen in the event you donít pay up?
They will spray paint at your house, disturb your neighbor, disgrace you, humiliate you and shame you. These are the tactics that they used. So how bad can this be? Do you want your life back again? Or do you want to live in a lifetime full of fear. I will be very honest with you. My father had been feeding the tiger for years and finally now, he decide to heel the Police advice and stop paying and cooperate with them.

You are not the only one suffering if you continue to pay. Think about your family for the long term. Do you want them to suffer with you for 10 year, 20 years, worrying about money? Think about it. Do you want to be partner in crime? Or do you want a lifelong happiness with your family. If you really care for your family members, you should know the right thing to do. If you are scares you can always post on the forum or talk to someone regarding the case.

I believe if we unite as one, we can accomplish more. If you are young, bold, adventurous, please feel free to voice out. We can always spend some time to help one another. We can help family by family if we have more manpower. The debtors need people to talk to. The family members need assurance and comfort. We donít blame other for not helping us, if we are not helping ourselves. We donít need to resort to violence; we want to build a peaceful community for everyone to live in.

And again, I need more people and more support to discuss matter and also plan to help other out.

Thank you for your time in reading this.
I go borrow $100k from 10 ah long, then I can follow the above highlighted step or not ? Then I will become instant millionaire without strike TOTO. Let the police catch all the ah long for harassing me. Can ?
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Old 07-05-2017, 12:05 AM   #20
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Hi I came across your reply. Recently I inquire to borrow money from a moneylender advertising his services by sms. My fault is I have send all my details to him, NRIC, bank account. In the end I change my mind and don't want to borrow but he said he already transfer 400., so I must pay 600 by the following week. Following week he ask me to defer payment and pay 200 only., but I want to clear so I paid 600. He started threatening and send some image of loan shark graffiti and threaten to burn my house if I don't pay him another 600. I have lodged a police report and have no intention of paying him again. The police suggest to change my phone number and don't reply again to this ah long.
Hi,
Recently I also being threatened by one ah long. Similar to your case. Can I know how u settle down?
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Old 07-05-2017, 10:52 AM   #21
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Happen to me also, so what happen after u clear the 600? Anything happen to ur house,family, next of kin?
Hi..happen to me also. How u settle after that?
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Old 07-05-2017, 11:57 PM   #22
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Were you guys threatened?
Yes. Recently I being threatened by loan shark
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Old 08-05-2017, 10:20 AM   #23
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Hi I came across your reply. Recently I inquire to borrow money from a moneylender advertising his services by sms. My fault is I have send all my details to him, NRIC, bank account. In the end I change my mind and don't want to borrow but he said he already transfer 400., so I must pay 600 by the following week. Following week he ask me to defer payment and pay 200 only., but I want to clear so I paid 600. He started threatening and send some image of loan shark graffiti and threaten to burn my house if I don't pay him another 600. I have lodged a police report and have no intention of paying him again. The police suggest to change my phone number and don't reply again to this ah long.
When receiving this kind of sms. First thing to do is launch a police report.
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Old 08-05-2017, 12:27 PM   #24
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Hi..happen to me also. How u settle after that?
Not settle yet haizzz...stupid scammer making our life miserable
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Old 09-05-2017, 08:18 AM   #25
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Hi,
Recently I also being threatened by one ah long. Similar to your case. Can I know how u settle down?
I've been struggling everyday just to pay off this loan shark debts. Its killing me. Haih
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Old 18-05-2017, 10:42 AM   #26
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Not settle yet haizzz...stupid scammer making our life miserable
Hi..did they go to ur office and house to disturb u?
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Old 18-05-2017, 02:10 PM   #27
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I go borrow $100k from 10 ah long, then I can follow the above highlighted step or not ? Then I will become instant millionaire without strike TOTO. Let the police catch all the ah long for harassing me. Can ?

The police might install CCTV at the premises of the victim under harassment. At most, they can only catch those runners. Owing $ to the ah longs, one will live in constant fear....
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Old 28-06-2017, 08:01 AM   #28
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Hi I came across your reply. Recently I inquire to borrow money from a moneylender advertising his services by sms. My fault is I have send all my details to him, NRIC, bank account. In the end I change my mind and don't want to borrow but he said he already transfer 400., so I must pay 600 by the following week. Following week he ask me to defer payment and pay 200 only., but I want to clear so I paid 600. He started threatening and send some image of loan shark graffiti and threaten to burn my house if I don't pay him another 600. I have lodged a police report and have no intention of paying him again. The police suggest to change my phone number and don't reply again to this ah long.

May I ask what happened after that ?
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Old 28-06-2017, 01:31 PM   #29
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I go borrow $100k from 10 ah long, then I can follow the above highlighted step or not ? Then I will become instant millionaire without strike TOTO. Let the police catch all the ah long for harassing me. Can ?
Police can catch, but loansharking does not receive as serious a sentence as rape or armed robbery... Which means that after a few years, the 10 loansharks will roam free and worse for u if they know/ suspect that it was u who called the police because you intended NOT to repay in the first place. Then good luck to u lor I guess.
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Old 05-07-2017, 07:53 AM   #30
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Another step for consideration on top of reporting to police.

Register your numbers (mobile and home) under the DNC registry for both calls and text.

Though the chance of really killing them is small, as long as they are able to trace down one person it could result in a potentially large fine for them $10k times number of mobile numbers they illegally sent marketing messages to.

Since they usually don't send to just one person, assuming they sent to 200 numbers, that works out to be $2,000,000 fine and potentially jail too.

Of cos with loan sharks probably buying SIM cards from foreign workers, it's hard to really track them, but all it takes is one productive investigation and a desirable result may be realized.

My thoughts and I hope they're useful.
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