Loan Shark Harassment and how to stop it

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Fear Less

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Bro JL
Thankyou for your active participation.
I hope this thread can be copied and pasted over and over again.

It will help and advise the victims.
Unfortunately there are more silent victims out there that we could not reach.

Many thanks to the brave victims for coming back to say their piece and give advice.
Careers and family life are destroyed by scammers and ls.
While they may be busy picking up the pieces now, I hope they can spare some time here by providing some comforting words.


Originally Posted by*JusticeLeague2018:
Dear all, I just created this account to share my story. I am a new victim of these LOAN SCAMS from just past week. Read through many of the messages here and am *SUPER ANGRY* at how so many have been cheated. For all the victims here, we must stand up and stamp out these scammers and crime.*

So much harassment is made to the victims and stress created to them and family members, colleagues, workplace. Jobs lost, family lost, friends lost. THIS MUST STOP and victims must unite to make Singapore a safe place and reduce the number of victims to ZERO.*

The 2 people I talked to are Chinese Malaysian.*

My story:*

I was promised a loan of 10k for 5 yrs and only need to pay $200 for 60 times. (LIE)

I was asked to send IC, income statement, next of kin contacts for loan approval (DONT EVER DO THIS) [others have been asked for SINGPASS, DON"T EVER DO THIS]

I was told the loan was all legal and can be done online (LIE)

I was told they will make a test transaction to me and I just need to transfer them back before they send me the actual loan amount (LIE)

I was told after the funds transfer to me, then they will send me the Terms and Conditions of the loan (LIE)

I was told that they have a legit company with legit license and got website (LIE) - I later checked and found they gave name of an "expired" company" not on approved LML list

After the test transaction amount transferred to me, they started to harass me for the money, saying I took the loan already and pressured me to transfer by a certain time, if not I will be in trouble. After that they harass 2 of my next of kin with threatening messages. You will get it from your next of kin.*

*** Never even touch any of these people EVER, also stay away from LML if you can. *** These are not money lenders, they are LOAN SCAMMERS. ***

Spoke to Police, Spoke to Credit Association.*

Advice given is:

1. File Report ASAP
2. Do not do any transactions
3. Close bank account ASAP
4. Change all phone numbers
5. Block all their numbers (spare yourself the harassment)
6. Brace yourself for any harassment online or offline
7. Call 999 immediately if there any suspicious people seen near your home or office*
8. Lastly, DO NOT BE AFRAID. (You are not the first victim and will not be the last)

Victims who want to work together to fight this and to share info - PM me. Will pass on as much info so that they can work. This is our Singapore, let us make it SAFE.*

If not, pass info to:

Members of the public are also advised not to work with or assist loan sharks in any way and to call the police at 999 or the X-Ah Long hotline at 1800-924-5664 if they suspect anyone of being involved in illegal loan-sharking activities.*

Crime does NOT PAY. (Pls google these news, I can't post links as am too new)

Case 1: Police warn students against loan shark jobs as 109 people arrested in 3-day blitz
Case 2: 'Auntie' loan shark runner arrested by police

Case 3: 118 arrested for suspected loan shark activities after four-day police operation

First-time offenders found guilty of carrying out or assisting in unlicensed moneylending business may be fined between S$30,000 and S$300,000, jailed up to four years and given up to six strokes of the cane.*

Those found guilty of acting on behalf of an unlicensed moneylender, committing or attempting acts of harassment may get up to five years' jail, a fine between S$5,000 and S$50,000 and three to six strokes of the cane.*

Anyone convicted of providing false contact information to obtain loans from loan sharks may be jailed a maximum of 12 months and those guilty of failing to report a change of address may get a maximum S$5,000 fine, up to five years in jail or both.*

Those found guilty of instigating a youth to assist in unlicensed moneylending business or carrying out harassment acts on behalf of loan sharks may be jailed up to nine years, fined between S$6,000 and S$300,000 and given a maximum of 12 strokes of the cane.


QUOTE=JusticeLeague2018;118351088]Loans sharks charge high interest rates but if you pay off, they can stop bothering you.

Loan scams use terror to keep harassing for you for more money once you start paying.
Forced loans, harassment, says you bank in your wrong account, say your payment late when never give you bank account to pay, all tricks to terrorize you and squeeze more money out of you.

Bottom line is if you make a mistake giving them personal details, received money from them, you are in for trouble. How to get out. Read the rest of the advice from the past victims here.[/QUOTE]
 
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Sounds like my case in the beginning part.

So they still keep harassing you and NOK?

They did phone and whatsapp harassment . We blocked.

They throw paint, we called police, runner caught in 24 hrs.

So far all quiet. Life has to go on. Life will go on.
 
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Yes. Very much agree. No matter how desperate dont turn to LS. If possible even LML.
Eventhough deep down I still feel scared but I am more relaxed now compare to how i am last time. Their msgs dont really get to me like last time. 😂

Stay strong! I have been watching your story unfold. The terror is only virtual.

If they dare to show up at your door, be ready with CCTV and call police. More evidence, clear evidence means the runner can be caught in no time. Don't miss the opportunity to help clean up the loan scam terror network.

Side note: Some runners are also victims so getting them caught is a GOOD thing, else they are going accumulate charge after charge of offence of which the penalties are extremely heavy. Very sad.
 

defnull

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next time they come just take your choppers and poles out to whack them. chao ch33bye. they think they come u scared?

esp if they rly play tricks even after u paid principal sum + interest....... just farking whack the daylights out of them then no one will dare to be loansharks anymore
 

Messup

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Throw paint? Just for that amount?

Mine was different for the back as I manage to pay them for the trial loan but they keep asking for more for other stuffs.

They did phone and whatsapp harassment . We blocked.

They throw paint, we called police, runner caught in 24 hrs.

So far all quiet. Life has to go on. Life will go on.
 

Messup

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By the way, can you PM me? I can’t as my post count is not enough but I don’t know if I can receive PM though
They did phone and whatsapp harassment . We blocked.

They throw paint, we called police, runner caught in 24 hrs.

So far all quiet. Life has to go on. Life will go on.
 

Messup

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Yes. Very much agree. No matter how desperate dont turn to LS. If possible even LML.
Eventhough deep down I still feel scared but I am more relaxed now compare to how i am last time. Their msgs dont really get to me like last time. 😂

Hope you get on well. Stay strong.
 

Messup

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I changed my number coz i left my job already too so no point. I hope other people who are victims of LS could read this thread so that all the LS operations will die. I feel better too coz our lift got the CCTV connected to the police station.

Agree on this, never never touch them.

Especially when you see that it’s too good and attractive.
 

Makminah

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Stay strong! I have been watching your story unfold. The terror is only virtual.

If they dare to show up at your door, be ready with CCTV and call police. More evidence, clear evidence means the runner can be caught in no time. Don't miss the opportunity to help clean up the loan scam terror network.

Side note: Some runners are also victims so getting them caught is a GOOD thing, else they are going accumulate charge after charge of offence of which the penalties are extremely heavy. Very sad.

Thank you for your kind words. Yes I have the exact sentiments. So far mine they only threaten via msgs no actions yet. I hope it stays that way. At least we know that no one is willing to work for them to get themself into deeper trouble.

Their msgs also getting lesser. They will only text me once or twice on my due day asking for payment. Thats it. Unlike when I am still paying them, they will msg and call non stop till I reply.
I did not install cctv though, I know will be better to have one but with my family condition I dont think we can afford one.
So I am just praying for the best and relying on the police CCTV located and the void deck and in the lifts. There are 3-4 camera in the void deck and lift landing itself.
Those who just take a step forward to stop paying them, stay strong guys. Know that you're not alone going through all this. Alot of survivors here in this thread. They have told us their story and now they are leading a more peaceful life. Dont be afraid to stand firm and f*ck them off if they ask for money. If you dont dare to f*ck them up scaring that might trigger them then block all their numbers. If not just ignore all their calls and msgs like me. Trust me you will feel a whole lot better not paying them up especially if you've already paid them more than what they 'loan' you.
Cant emphasized this enough
1. Report to the police
2. Block/ignore all forms of communications with them
3. Change number (if that makes you feel better)
4. Close your bank account (if you feel its neccessary)
5. Install CCTV (This will actually deter those runners from doing anything. Even if they did, can catch them faster)
6. Come clean to your NOK and workplace. (Dont have to tell them you took loan or anything. Just tell them you lost IC and got scammed)
7. Talk to someone close to release all the burdens and stress you are feeling. (This step help me out personally.)

You need all the emotional and moral support. Keeping it to yourself will eat you up inside. For now just stay vigilant and stay safe everyone. Pray that god will ease all your pain and proctect everyone here and you love ones.

2019 is coming. Start the new year with a positive note. It's not going to be easy at first but once you're able to mentally not let those LS get to you with their threats, you won half the war already. So keep on fighting!
 

Makminah

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New trick fr LS - getting locksmith to harass debtors that locksmith called to opening locked rooms at wee hours.

Wah. Getting innocent people involve to harras. These LS are ruthless. I hope karma hit them back 10x as hard. Really.
 
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Why me bro... Im also a victim here.. i dont post much here bcoz there is nothing for me to say.... Most have been said already .. its up to individual to take the advice or not.

Haha... Hope ur not refering the "u" to me 😂

Ya..so fk those scammer ah long..hope u suffered karma not yr family suffer karma for u.
 

Messup

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I had given my nric, singpass to these loan scam or whatever you call it, what can they do with it?

Just getting myself prepared for what may come.

Any advise?

By the way, I had reported to the police and closed my account.
 
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I had given my nric, singpass to these loan scam or whatever you call it, what can they do with it?

Just getting myself prepared for what may come.

Any advise?

By the way, I had reported to the police and closed my account.

Did you give bank account number?
Did they transfer any money to you?
 

Messup

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Did you give bank account number?
Did they transfer any money to you?

Yes I did give my bank account number to them.

They transfered a trial loan to me and ask me to settle a bigger amount in 5 days which I did to their account given on 5th day.

Then they keep asking for more fees and stuffs to release my loan. Which I stupidly did as well hoping to get the loan but in the end, nothing but asking for more fees.

I gave up and told them to cancel my loan .
 
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