Loan Shark Harassment and how to stop it - Part 2

Sgsons

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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.

Don’t fall prey to become a target by the loanshark syndicate. In the event that you can’t make payment they will ask you to work for them to pay off your debts. Don’t do it. Owing money doesn’t 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 don’t blame yourself for what happen. If you are not desperate, you won’t 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.

Don’t 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 don’t 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 don’t 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 don’t blame other for not helping us, if we are not helping ourselves. We don’t 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.
 

victim0001

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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
 

polarinda

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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.
 

Messup

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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.

Don’t think that they will keep to their words as it’s 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 police’s advise and stop transferring money back to “them”, you will be in hot soup if the account you transfer to is another victim’s and they reported you. You will be liable and become the accomplice to the UML’s activities.

Be strong.
 

seowliao

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inform your company since you mentioned you have given them your company contact..
 

seowliao

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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 !!!
 

victim0001

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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 ..
 

victim0001

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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
 

victim0001

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You are not local? Please read past posts properly.

Don’t think that they will keep to their words as it’s 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 police’s advise and stop transferring money back to “them”, you will be in hot soup if the account you transfer to is another victim’s and they reported you. You will be liable and become the accomplice to the UML’s 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
 

Messup

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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

I’m 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.
 

victim0001

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I’m 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
 

victim0001

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Do not pay. Pay and they will hound you for more. There is no end.

If i dont pay back what he lended to me he loss money . He get more angry right ?
I know im naive pls help . I just want to make this right . Please

Update .
I told him that i informed my company and families regarding this and we are ready what to come . Then he start to slowdown his voice and talk nicely n give me more time to pay this n that and even lowered the clearance amount .

Pls advice
 

victim0001

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If theres anyone have go thru all this and safe now . Please pm me or at least i can get contact with u via wc wa whatever . I need faster response n better solution . I need your sharing . Please
 

Messup

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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

It’s not a crime for you now but if you transfer back and the fellow reports, then you got lots of answering to do.

Can you ask your IO about what you intended to do? Maybe he/she can give you something that you can digest and listen to?
 
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victim0001

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It’s not a crime for you now but if you transfer back and the fellow reports, then you got lots of answering to do.

Can you ask your IO about what you intended to do? Maybe he/she can give you something that you can digest and listen to?

He only advice no more payment to them and wait them to come . He say "we are ready to catch them" if they have enuf time la .
Also he say tell ur company and pray for their tolerance . ( I doubt this . Sure fired )
 
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polarinda

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the sooner u change your number and stop engaging them, the sooner your nightmare will end.

engaging them and paying back will only drag u further into hell.

ask your bank to transfer the money back.

if they can't then return to Police as State's money.

change your bank acct also.

inform all contacts and wait it out.

there's nothing else u need to do.

these are criminals.

let them come if they want to .

install cctv and if they r caught, they will be jailed and caned.

don't be afraid of criminals.
 
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