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Loan Shark Harassment and how to stop it - Part 2

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Old 08-07-2019, 01:18 PM   #1
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Loan Shark Harassment and how to stop it

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.
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Old 08-07-2019, 01:18 PM   #2
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Old 08-07-2019, 01:18 PM   #3
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This is a continuation thread, the old thread is here
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Old 08-07-2019, 01:18 PM   #4
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polis never advise you what to do with the money ?
interesting, whats written on the so called "agreement"..something new
Police no advise anything . I feel like damn useless report to the police but he did advice me what to do and he told me will send police to round my place
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Old 08-07-2019, 01:53 PM   #5
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Police no advise anything . I feel like damn useless report to the police but he did advice me what to do and he told me will send police to round my place
Just ignore everything. Change number. Dont pay a cent and wait it out.
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Old 08-07-2019, 01:58 PM   #6
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Police no advise anything . I feel like damn useless report to the police but he did advice me what to do and he told me will send police to round my place
You are not local? Please read past posts properly.

Donít think that they will keep to their words as itís proven that they never did.

Stop communicating with them and embrace for whatever that may come. It will be never ending if you choose to carry on hoping for the best.

Please inform your landlord and office that you had gotten a scam and a forced loan had been transferred into your account. Show them your police report.

Heed the policeís advise and stop transferring money back to ďthemĒ, you will be in hot soup if the account you transfer to is another victimís and they reported you. You will be liable and become the accomplice to the UMLís activities.

Be strong.
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Old 08-07-2019, 02:12 PM   #7
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inform your company since you mentioned you have given them your company contact..
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Old 08-07-2019, 02:14 PM   #8
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still trying to understand your mindset..what makes you think that paying them can close your case !!!
Still want your mum to help you with this !!!
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Old 08-07-2019, 02:14 PM   #9
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inform your company since you mentioned you have given them your company contact..
Yes i informed them , with my prove police report everything . Hope the best now . And now i searching for another job .. sigh .. fcking nightmare . They totally changed my life even theres no harassment yet ..
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Old 08-07-2019, 02:15 PM   #10
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Just ignore everything. Change number. Dont pay a cent and wait it out.
Will do . Thanks !
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Old 08-07-2019, 02:16 PM   #11
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still trying to understand your mindset..what makes you think that paying them can close your case !!!
Still want your mum to help you with this !!!
I was thinking the best solution and im very new on this . Just happened 8days.. i wont get my mom for the payment anymore . Fck them i wont pay and wait for them
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Old 08-07-2019, 02:19 PM   #12
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I was thinking the best solution and im very new on this . Just happened 8days.. i wont get my mom for the payment anymore . Fck them i wont pay and wait for them
Do not pay. Pay and they will hound you for more. There is no end.
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Old 08-07-2019, 02:19 PM   #13
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You are not local? Please read past posts properly.

Donít think that they will keep to their words as itís proven that they never did.

Stop communicating with them and embrace for whatever that may come. It will be never ending if you choose to carry on hoping for the best.

Please inform your landlord and office that you had gotten a scam and a forced loan had been transferred into your account. Show them your police report.

Heed the policeís advise and stop transferring money back to ďthemĒ, you will be in hot soup if the account you transfer to is another victimís and they reported you. You will be liable and become the accomplice to the UMLís activities.

Be strong.
Im not local , im doing professional job in sg . But too naive on this issue . Fall into trap.. Pls dont becuz im not local , look me on different side . I love Singapore truely . Pls
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Old 08-07-2019, 02:22 PM   #14
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Im not local , im doing professional job in sg . But too naive on this issue . Fall into trap.. Pls dont becuz im not local , look me on different side . I love Singapore truely . Pls
Iím not looking at you differently. We are all victims.

There is a law about foreigners engaging UMl and being sent back and banned to come into Singapore.
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Old 08-07-2019, 02:29 PM   #15
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Iím not looking at you differently. We are all victims.

There is a law about foreigners engaging UMl and being sent back and banned to come into Singapore.
But i reported to police , they say im not crime . Its not a crime . They treat me as a victim nw . Everything will be confidential this n that .

Another question , i trying not to make them mad , if i paid 1120 clearance as he agreed . I know maybe lies . But at least when i made this payment . And i change number etc he cannot contact me .they wont harass as they get back the money and they already earned my money ?

Please tell me . Cuz i paid only 320 . He gave to me 800
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