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Loan Shark Harassment and how to stop it

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Old 08-03-2019, 08:28 PM   #7891
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Ok. Great. Late 2 days, send his lj man over my hse also charge $150 lol
If you and next of kin deliberately avoided their calls, they will send a letter of demand before sending the debt collectors. Most LML will never follow the guidelines, especially when issuing weekly repayment loan for those higher risk debtors (since these will pay for late charges and interest fees)

I dont think MLCB will step in and regulate the terms and conditions for LML even though so much has been done lately.
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Old 08-03-2019, 08:31 PM   #7892
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Guys.. For LML companies, overcharging of interest able to report to CASE?
It's capped at 4%, refer to these guidelines before borrowing from LML:

https://sso.agc.gov.sg/SL/MA2008-S72...20181116#pr11-
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Old 08-03-2019, 09:52 PM   #7893
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Banks and Telcos are commercial entity, and their obligation is their bottom line to the shareholders. More people use their services, more profits. Fighting AL is not their priority.
You know what is CSR?, it's the new corporate buzz word.
Yeah, everyone knows they exist to make money. No need to remind.
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Old 08-03-2019, 10:22 PM   #7894
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Ok. Great. Late 2 days, send his lj man over my hse also charge $150 lol
Late for 2 days only and they send DC to your place and charge you extra $150? What's the company name? Usually if debtor MIA or late for more than 2 payment then DC will go up.
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Old 08-03-2019, 10:58 PM   #7895
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That time I saw installment phone loan company ievo so I went ahead with it. But didn’t know they tie with LML monetium leasing if not I won’t take. Previously oso problem, when I already explained to them I’ll pay + willing pay late fee cos cash tight coz my father passed away n sent them death cert coz they asked for proof end up oso sent DC come over and make a fuss. Just yesterday DC came down my hse but I wasn’t around and only late for 2 days morning tell me $+late fee+$150 cos sent man over.
At least for peoples whom owe loanshark can don’t pay, but when comes to LML discuss with them they oso bo chup n likes to peng wei n play roti prata game.


Late for 2 days only and they send DC to your place and charge you extra $150? What's the company name? Usually if debtor MIA or late for more than 2 payment then DC will go up.
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Old 08-03-2019, 11:33 PM   #7896
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Spot on! The only way to whack them is deprive them of money. Deprive them of runners. They seems to operate virtually, no runners, no hand or leg how to operate.

They use technology, it's their mistake...electronic paper trail.
Operate from oversea lah.

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Old 08-03-2019, 11:37 PM   #7897
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Ok. Great. Late 2 days, send his lj man over my hse also charge $150 lol
Transportation fees ????
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Old 08-03-2019, 11:49 PM   #7898
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Ya ridicious mother fker. Always fk on text then delete those msg that they sent. LML same as AL one la.

Transportation fees ????
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Old 08-03-2019, 11:58 PM   #7899
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I think you don’t need to be so mean. She is also facing such problem for the first time. And of cos will be worried. If you are not here to help or give a advice, maybe can keep these snazzy and nasty comments to yourself.

Ah long so rich.
Lend $1100 and get back $2200.
Are you 36 years old ?
You eat until so big got see any news in Strait Times that Ah Long burn someone to death or Ah Long use parang cut someone become 18 pieces ?
Are you Singaporean and live in Singapore ?
If yes then no worry.
Must trust the SPF.
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Old 09-03-2019, 01:07 AM   #7900
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Why do they like to type in all caps? Does it seem scary?
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Old 09-03-2019, 01:07 AM   #7901
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Did most people here get into money trouble cos of gambling?
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Old 09-03-2019, 05:14 AM   #7902
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Why do they like to type in all caps? Does it seem scary?
Just like when couple argue in text will type in CAPs to show angry and fierce mah.
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Old 09-03-2019, 06:17 AM   #7903
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Just like when couple argue in text will type in CAPs to show angry and fierce mah.
At least they know caps lock mean to express it loudly or angrily.

But who give a ***k!
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Old 09-03-2019, 02:25 PM   #7904
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At least they know caps lock mean to express it loudly or angrily.

But who give a ***k!
One of my loan sharks will call and kept shouting. I couldn’t care less and just let him carry on shouting. I wasn’t even listening.

They will also try using girls’ photos as display photos to WhatsApp you from different numbers.
Starting with just a simple greeting....
Once you reply, they start demanding things again.

Last edited by Sg_Oris; 09-03-2019 at 02:28 PM..
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Old 09-03-2019, 06:44 PM   #7905
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I think you don’t need to be so mean. She is also facing such problem for the first time. And of cos will be worried. If you are not here to help or give a advice, maybe can keep these snazzy and nasty comments to yourself.
I don't sugar coated word.
I will called Spade is a Spade.
Someone need to wake up.
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