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Loan Shark Harassment and how to stop it

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Old 28-03-2018, 11:21 PM   #91
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Yes I know, they have 10 or 20 different numbers and they are just going to message you from another number. But honestly think about it, even if they have 100 numbers, It takes us 5 seconds to report their number and when their accounts are blocked on whastapp they would go into panic mode because a lot of their debtor information is on their whatsapp. The key function is to report them as spam and whatsapp will ban their account which would really hold them back and frustrate them more.
No one will do it. It is useless anyway

Debtor info is not stored on their whatsapp. There is a network sharing of database.... something like those legal moneylender network sharing.
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Old 30-03-2018, 01:11 AM   #92
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hi all, got a very noob qns here. my colleague recently being harassed by loan shark telemarketing. whats the sop to report?
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Old 31-03-2018, 11:19 AM   #93
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Need to know

Hi All,

I have a friend, who rented her place/house here in sg and is under Loanshark harassment.
She initially borrowed an amount like 3k? and over the course of 2-3 months, she already returned almost twice the amount, 5k+ maybe? but the Loansharks are saying those are for Late payment charges and interest, hence can only be counted as deferment not a payment, and including her interests and charges now, according to last month when I tried to help her speak the Loansharks, she now has to pay like 15k. And they said if by this month if they do not receive any money, by next month it will be around 20-21k.
I tried persuading her to go to the police, but she was extremely terrified and skeptical about reporting to police because of a few things. Long story short, I will ask here, and have you guys to help enlighten me to address to her concern and worries.

1) Will the Borrowers of Loansharks, face any charges in SG laws, for borrowing from them? If so, what are the charges/punishment that a borrower may face?

2) Since her place is a rented one, she doesn't want to cause any trouble to the landlord and the neighbours, but recently the loansharks sent someone up to take a picture of her house, and threaten to locked her family inside or so and burn the place. she is extremely concerned about her family, especially her daughter who is still studying. how long will it take for the police to resolve? and what is the procedures like?

3) giving her financial situation, she also cannot move out of her place now to get a new place as the security deposit and first month downpayment for renting, is quite huge that she might take a few months to save. Given that, and the repayment of the loansharks, she can only chose to try to pacify them by constantly returning them.

She hasn't stooped to become a runner yet, although she was given the option by the loansharks to provide a bank account for them to use. I wanted to help her to get out of this situation as soon as possible.
Any advices/knowledges/past experiences will be greatly appreciated.
I am currently trying to persuade her to go to police but she is too afraid of facing backlashes from sg laws.

Thanks
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Old 06-04-2018, 10:23 PM   #94
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Hi All,

I have a friend, who rented her place/house here in sg and is under Loanshark harassment.
She initially borrowed an amount like 3k? and over the course of 2-3 months, she already returned almost twice the amount, 5k+ maybe? but the Loansharks are saying those are for Late payment charges and interest, hence can only be counted as deferment not a payment, and including her interests and charges now, according to last month when I tried to help her speak the Loansharks, she now has to pay like 15k. And they said if by this month if they do not receive any money, by next month it will be around 20-21k.
I tried persuading her to go to the police, but she was extremely terrified and skeptical about reporting to police because of a few things. Long story short, I will ask here, and have you guys to help enlighten me to address to her concern and worries.

1) Will the Borrowers of Loansharks, face any charges in SG laws, for borrowing from them? If so, what are the charges/punishment that a borrower may face?

2) Since her place is a rented one, she doesn't want to cause any trouble to the landlord and the neighbours, but recently the loansharks sent someone up to take a picture of her house, and threaten to locked her family inside or so and burn the place. she is extremely concerned about her family, especially her daughter who is still studying. how long will it take for the police to resolve? and what is the procedures like?

3) giving her financial situation, she also cannot move out of her place now to get a new place as the security deposit and first month downpayment for renting, is quite huge that she might take a few months to save. Given that, and the repayment of the loansharks, she can only chose to try to pacify them by constantly returning them.

She hasn't stooped to become a runner yet, although she was given the option by the loansharks to provide a bank account for them to use. I wanted to help her to get out of this situation as soon as possible.
Any advices/knowledges/past experiences will be greatly appreciated.
I am currently trying to persuade her to go to police but she is too afraid of facing backlashes from sg laws.

Thanks
Borrowers won't be charged under the law. Even if you are to report it to the SPF, there is nothing much they can do as you are not the first and won't be the last. Max is just step up petrol nia.

The only solution you can advise is to be brave and face up to the consequences. Just tell them straight that you no longer have anymore money for the time being.

Do not threaten them or play brave. Just keep hanging onto the phone while pleading them. Trust me, it works. They call just pick up. Den plead with them. At the end of the day, ah Long also know how to do their maths. If they realize u no longer have anymore money to pay them, they won't waste their money in hiring runners.

There is only one reason why they willing to spend money on runners, and that is they felt you have either underpay them or taken them for a ride.
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Old 08-04-2018, 02:25 AM   #95
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Hey guys. I have an experience with loanshark harassment. I did borrow from loanshark 2 years back. From 500, it became 15k in a few months. Also, it was not from 1 loanshark. I borrowed from 13 or more. My advise to all is to stop paying them and ignore their calls or messages. At the same time, go to the police. One thing I wanna point out. The worst case scenario is they can burn your door or splash paint or whatever but would you rather pay thousands rather than to pay a few hundred just to replace your door? And besides, if they don't get any payments from you, they will eventually stop and focus on victims who are still paying them. For me, nothing happened and I vow to not borrow from them ever again.
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Old 08-04-2018, 01:24 PM   #96
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Borrowers won't be charged under the law. Even if you are to report it to the SPF, there is nothing much they can do as you are not the first and won't be the last. Max is just step up petrol nia.

The only solution you can advise is to be brave and face up to the consequences. Just tell them straight that you no longer have anymore money for the time being.

Do not threaten them or play brave. Just keep hanging onto the phone while pleading them. Trust me, it works. They call just pick up. Den plead with them. At the end of the day, ah Long also know how to do their maths. If they realize u no longer have anymore money to pay them, they won't waste their money in hiring runners.

There is only one reason why they willing to spend money on runners, and that is they felt you have either underpay them or taken them for a ride.
well, her concern is whether she will be charged under the law, she isn't threatening them or so, but pleading with them only gets a threat in return for harming her family will be her under tremendous stress while she is away at work... her youngest is still at secondary school, if splashing paint or so, its still ok, but burning the door is too over...

I was thinking of cooperating with police to deal with them though but wishes no harm come to her or her family. is there really no other alternative for them to compromise?
But it did address to one of my concern, whether borrowers will be charged.

Thanks

Last edited by Natsume1985; 08-04-2018 at 01:28 PM..
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Old 08-04-2018, 03:00 PM   #97
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I was thinking of cooperating with police to deal with them though but wishes no harm come to her or her family. is there really no other alternative for them to compromise?
But it did address to one of my concern, whether borrowers will be charged.

Thanks
No, dont worry, borrowers wont be charged

But once she give her atm card to the UML, she can be charged.
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Old 16-04-2018, 01:29 AM   #98
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Hi everyone. My case is that i wanted to borrow 2k from UML. They say need to have positive loan history with them so they will transfer me 500 first and i need to return them 750 within the next few days when they contact me and they will issue the 2k loan to me, the 250 difference will be used to offset the first month loan.

3 days later the UML whatsapp me and called me using another number telling me to xfer the 750 which i did and i kept receipt. The next day, i recieve call from them saying they did not receive the money and they say i staged a scam to cheat their money and they want to to transfer another 750 to them.

On the same day i argued with them saying they are trying to scam me and i will not give them another cent and i also made police report. They send photos of my house door and voiddeck also threaten to make me loss my job and disturb my neighbours.

I am going to close my bank account but i not gonna change my number.. really regret what i did.. is this real loanshark or scam..
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Old 16-04-2018, 08:51 AM   #99
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3 days later the UML whatsapp me and called me using another number telling me to xfer the 750 which i did and i kept receipt. The next day, i recieve call from them saying they did not receive the money and they say i staged a scam to cheat their money and they want to to transfer another 750 to them.

I am going to close my bank account but i not gonna change my number.. really regret what i did.. is this real loanshark or scam..

Did u verify with the original number first before you xfer the 750 to a different phone number and a different bank account ?

If no, then the UML can say its not him. Is you stupid to go transfer money to anyone who impersonate him.

And you still need to pay the original UML the 750.
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Old 16-04-2018, 05:08 PM   #100
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Did u verify with the original number first before you xfer the 750 to a different phone number and a different bank account ?

If no, then the UML can say its not him. Is you stupid to go transfer money to anyone who impersonate him.

And you still need to pay the original UML the 750.
Ya tats y i say i stupid.. i nvr verify.. but the caller knows all the loan and repayment that i was promised and the other guys name.
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Old 16-04-2018, 10:52 PM   #101
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Ya tats y i say i stupid.. i nvr verify.. but the caller knows all the loan and repayment that i was promised and the other guys name.
Well then , so what happens now ?

I have never come acroos any ah long using a different number to ask you to pay hiim.

An Ah Long will ALWAYS stick to the same number. They will miss out their old customers and referrals if they keep changing numbers.
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Old 20-04-2018, 11:34 PM   #102
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For my friend side,

This UML keeps asking to defer only but didn't want to give a plan or so to close the debt, its either 1 shot pay all or keep deferring or else no 2nd option...

Suggested to my friend that since they want it that way, its best to call police and they wont get a single cent back. if she can clear in 1 go, she would already have done so, but if they dun wan their money back, they can keep harassing and so on but then its up to them.

Thinking that they are pretty much stupid, disregarding all the previous deferment that she had already paid and still doesn't want to close but asking for more deferment instead of allowing a plan for her to close the account. and I told her to be reasonable, they can even include the interest in but just no more deferment, but they dun care, they insist defer or pay all.. then I told her, better not pay any, becoz whatever she paid will be paying for nothing, she already paid like 1k for a 800 loan just for deferment. and still they keep coming back for more deferment, I told her no way to agree to that, and if they want to threaten, just report police.

dumb ppl who doesn't know how to do their business I guess? so now they wont be getting a cent, even though she wanted to settle her debts in a peaceful manner, looks like some ppl are just dumb.
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Old 21-04-2018, 05:11 AM   #103
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For my friend side,

This UML keeps asking to defer only but didn't want to give a plan or so to close the debt, deferment. and still they keep coming back for more deferment, I told her no way to agree to that, and if they want to threaten, just report police.

dumb ppl who doesn't know how to do their business I guess? so now they wont be getting a cent, even though she wanted to settle her debts in a peaceful manner, looks like some ppl are just dumb.
I think you are the one being dumb

You dont know how things works

1) this is how the UML works. they squeeze you every single cent base on your fear and embarassment. You think they care about getting back $1000 for a $800 loan ? thats pathethic $200. No they want is to get back $10,000 for a $800 loan.

2) you think so simple ask your friend report police thats all ? Let me tell you, report to police is TOTOALLY USELESS What you think the police can do ? Give your friend 24 hours protection ? Stand guard outside her house 24 hours ? Go and arrest the UML ?

x1000
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Old 24-04-2018, 12:48 AM   #104
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I think you are the one being dumb

You dont know how things works

1) this is how the UML works. they squeeze you every single cent base on your fear and embarassment. You think they care about getting back $1000 for a $800 loan ? thats pathethic $200. No they want is to get back $10,000 for a $800 loan.

2) you think so simple ask your friend report police thats all ? Let me tell you, report to police is TOTOALLY USELESS What you think the police can do ? Give your friend 24 hours protection ? Stand guard outside her house 24 hours ? Go and arrest the UML ?

x1000
So your suggestion is to let them squeeze u until u paid 10k for a $800 loan? and cannot ever report police, becoz they are totally useless?

Give something more constructive than to tell me its useless or whatever, I'm seeking advise based on others past experiences to see what can b done to further help a friend, if report police dun work, what will?

its not like I dunno how UML work, squeezing money out of ppl based of fear or whatever, based on your reply, are u implying to let them squeeze? if you can give me the money I dun mind letting my friend to keep paying them though.

Defer doesn't work, if they want defer then I would not suggest paying a single cent is what I told my friend, first its either they want to get back their money and make a compromise or nothing at all. if they want to stubbornly threaten or do whatever they want to do to get that deferment plans to work, then reporting police is the only option, becoz unless u can give me their address and office address (I would go burn them myself) or the other option is to have police to investigate the matter. no, I dun think the police will be providing 24/7 protection or whatever, but at least if enough time is given and if the UML are so notorious enough to do all those threats and fulfill it, then at least police can somehow get them.

I mentioned that they are dumb, because if their motive to get more money, which they already did, and the total interests they had collected from my friend alone is around 1000 out of the 800 already, and for this deferment to continue on, its just ridiculous.. so now its either instalment in which they can earn 200 more to pay this off or no money, becoz cannot defer anymore. further continuing the deferment will be reaching 1000% of interest or whatever. So its either that instalment or nothing, they can choose themselves to blow the matter where both side die together, or settle peacefully and let the instalment plan work instead of the deferment plan. they already be collecting 2000 out of a 800 loan.

So if they dun wan their money, then let them be and blow matters up. they choose their own path out. And if they wan the money, then make a compromise, and things get settled peacefully. or report police, let police handle and they also wont get a single cent back.

I think the dumb one will be you, because you are implying to continue to let them do whatever they want to you/friends/family, and that reporting police is useless. you are suggesting to do whatever they say, and let them be and continue their way onto you and/or anyone else who is in the same predicament.

As much as my friend want to settle this as peacefully as possible, and also within her own means and capacity, I think somewhere along that line there can be a little compromise since she showing them that she is still sincere to pay them back and wants to settle things as peacefully as possible. and if they fail to understand that, and forcing her to a corner.. and when ppl get desperate, you nvr know what will happen...

And YOU are not helping in any situation based on your reply.
if you think you are smarter and know better than all of us here, the police, the UML, then show it and share it. If not, then shut it.
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Old 24-04-2018, 06:03 AM   #105
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I think the dumb one will be you, because you are implying to continue to let them do whatever they want to you/friends/family, and that reporting police is useless. you are suggesting to do whatever they say, and let them be and continue their way onto you and/or anyone else who is in the same predicament.

As much as my friend want to settle this as peacefully as possible, and also within her own means and capacity, I think somewhere along that line there can be a little compromise since she showing them that she is still sincere to pay them back and wants to settle things as peacefully as possible. and if they fail to understand that, and forcing her to a corner.. and when ppl get desperate, you nvr know what will happen...

And YOU are not helping in any situation based on your reply.
if you think you are smarter and know better than all of us here, the police, the UML, then show it and share it. If not, then shut it.
Do read up my past posts in this thread

I NEVER say to let them continue to squeeze you. LMAO !

And if you think you can compromise and settle peacefully with UML, pls carry on dreaming.

There is only one future. PREPARE to get harass. Prepare for ppl to come knocking on the door, splash paint, target neighbour.

Call police no use.

The ONLY way out, which is a bit unethical, is to sell the house and move out.
(Which i did)

Tell your friend to stop paying them and be prepared for the worst. No use calling police, no use negotiating with UML. And dont ever borow from one UML to pay back another UML.

Give something more constructive than to tell me its useless or whatever, I'm seeking advise based on others past experiences to see what can b done to further help a friend, if report police dun work, what will?
Tell your friend to stop paying them and be prepared for the worst. No use calling police, no use negotiating with UML. And dont ever borow from one UML to pay back another UML.

What i did when things get out of hand :

1) Write letters to every unit in the block, say i lost my IC and someone use it to borrow ah long. Keep vigilant and report any suspicious people to the police.

2) Install CCTV (about $400). Not much help, they still come up splash paint anyway.

3) Prepare cans of thinner and clothes. To wash off the paint.

4) Get the town council phone number and call them if there are any writings on the walls. The town council will get rid of them FOC.

Maybe you have to "tahan" for the fiirst few weeks or months. And when they realised they not gonna get any single cent from you, maybe they will stop. But as long as you are staying at that place, who knows when they will harass you next. So the only way out is to move out.
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