Licensed moneylender

xersion

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Will one... they got a team doing these... they would rather u repay for life than writing u off as bad debt

Yes, they do have a team but they do not entertain individuals, they will ask u to contact CCS...
so far i only know citibank entertain u only if u are able to repay in full and they will give u a bit of discount on the total settlement account..
 

bigpelican

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Will one... they got a team doing these... they would rather u repay for life than writing u off as bad debt

Thk you , will call then up ... I also believe they would want their money back ..

i think you tell them you are intending to declare bankrupt, they will offer you a repayment package.
they rather get back money with lesser interest than cant get back any.
 

swainchua

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I believed for tcc, you need guarantor... very big issue...
I also in debt problem. No way i able to find guarantor.
I do not want to burst out my problem. Even i do, my parent is no longer working.
Need to solve the guarantor problem.
And also need to be their member. Wonder what does being a member means.
 

Perisher

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I believed for tcc, you need guarantor... very big issue...
I also in debt problem. No way i able to find guarantor.
I do not want to burst out my problem. Even i do, my parent is no longer working.
Need to solve the guarantor problem.
And also need to be their member. Wonder what does being a member means.

How big is your debt, how much are you earning?
Best to call them and discuss, maybe they can help you with the guarantor issue.
 

mcsane

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talking abt this.

Say my networth is free millions and im debt free and im currently almost 60+

can i transfer all assets to wife's name. den borrow maximum from all the banks available and transfer, wire and spend the money all out and just declare bankrutcy?

i dun tink the law allow a lunatic to do just like this rite?

Just asking for fun.
 

zzxiaoboizz

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talking abt this.

Say my networth is free millions and im debt free and im currently almost 60+

can i transfer all assets to wife's name. den borrow maximum from all the banks available and transfer, wire and spend the money all out and just declare bankrutcy?

i dun tink the law allow a lunatic to do just like this rite?

Just asking for fun.
Lol the bank will not lend u since u dun have much collateral after u xfer out :)

Sent from Samsung SM-N910G using GAGT
 

lodestone

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legal money lender really bei gan.
late abit called to threaten...


dun ever borrow from them.
 

lodestone

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if possible dun borrow from money lender...

they will get nasty too if u delay paymentn
 

tiertime

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i m their regular customers... just need afew day to pay but they called me up n threaten letter.

wat if dun pick up call, will they come to house and bang the door and all neighbours can hear? or liscence one have to be more civilize, cannot create noise to disturb other ppl
 

lodestone

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wat if dun pick up call, will they come to house and bang the door and all neighbours can hear? or liscence one have to be more civilize, cannot create noise to disturb other ppl

i dunno but tone of voice n way of saying is theatening.

somesort of illegal ah long kind of tone

to everyone.. pls refrain from legal or illegal money lenders

unless u very very sure u can repay. if not they can be a nasty group too...
 

nit3ex

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Licensed or non licensed, they will still knock on your doors.
Licensed will do it within legal timing. Which means b4 10.30pm so as not to disrupt neighbours sleeping.
Non licensed will go after midnight to splash paint lo. Leave threats to your neighbours.
 

borrower

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can advise if money lender or consolidate bank loan do check on lenders on their credit liability and amount qualified to loan?
got to know someone take home pay about 3.5k, but manage loan total about 190k from a bank, 9 moneylenders and private lender
then within few months apply to supreme court for self bankruptcy, court already approved, maybe never check creditors' loan amount and background
so paying only few hundreds per month to clear debt for about 5 years (60) months, out of 190k loan, the most repayment after 5 years is about 40-50k
like this borrower lol...
 
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