Loan

[st10000]

Im going through a difficult time with my business now. Does anyone here have experience with loan (any type except bank cos rejected). Pls help. Urgent...

 

[SBC]

Secured loan will be earlier to get loans now.

Any unsecured loan will incur higher rates.

I had applied DBS Cashline & HSBC Personal Line recently as standby.

 

[koonzlah]

Im going through a difficult time with my business now. Does anyone here have experience with loan (any type except bank cos rejected). Pls help. Urgent...

reject due to poor cash flow or credit bureau i assume. try go for those peer to peer or B2B lender which might extend short term loan for u.

 

[alamakazim]

give up ... bail out now... go be grab driver or something ... come back later

 

[johnwong19888]

Hi anyone gotten a secured loan from license money lender that required upfront payment ( collateral and validation payment ) refundable. I think I got scammed

 

[reddevil0728]

Hi anyone gotten a secured loan from license money lender that required upfront payment ( collateral and validation payment ) refundable. I think I got scammed

what happened?

 

[Richliao]

Hi anyone gotten a secured loan from license money lender that required upfront payment ( collateral and validation payment ) refundable. I think I got scammed

Yeah you got scammed. Did you check the registry if they really are licensed moneylender?
They will deduct some amount from the loan they decided to loan to you but no way asking you to pay upfront first.
Whatsapp many such scam...let you think can loan alot and pay little.

 

[johnwong19888]

Yeah you got scammed. Did you check the registry if they really are licensed moneylender?
They will deduct some amount from the loan they decided to loan to you but no way asking you to pay upfront first.
Whatsapp many such scam...let you think can loan alot and pay little.

Yes I have been scammed. The money lender company is a legit license money lend call " PR VR Capital", but someone used their name and I fall for it. Transferred about 5k and now they MIA from me. But their Whatsapp still online and using. The number is "+65 6978 6864". Anyway I have a made a police report. Their bank account account is "Standard Chartered Singapore 012-798-4860". With both local number and bank account not sure I'm able to get back my money ?

 

[reddevil0728]

actually how does it work to pay money first to get more money? like what's the logic?

 

[johnwong19888]

actually how does it work to pay money first to get more money? like what's the logic?

Was told it's a secured loan. Need pay a collateral payment but it will be refundable after I have completely return my loan amount.

 

[reddevil0728]

Was told it's a secured loan. Need pay a collateral payment but it will be refundable after I have completely return my loan amount.

So you are putting in money to get more money is that how it works?

 

[Richliao]

Yes I have been scammed. The money lender company is a legit license money lend call " PR VR Capital", but someone used their name and I fall for it. Transferred about 5k and now they MIA from me. But their Whatsapp still online and using. The number is "+65 6978 6864". Anyway I have a made a police report. Their bank account account is "Standard Chartered Singapore 012-798-4860". With both local number and bank account not sure I'm able to get back my money ?

Sorry to hear that, hope you get back your money soon.

 

[item2sell]

Was told it's a secured loan. Need pay a collateral payment but it will be refundable after I have completely return my loan amount.

yeah this sounds like scams.

just like pay custom fees to release a love parcel

 

[johnwong19888]

Sorry to hear that, hope you get back your money soon.

Thanks. Hopefully can get back. With his bank account detail, I don't think he can run far in Singapore

 

[Charlie_Zhan]

Thanks. Hopefully can get back. With his bank account detail, I don't think he can run far in Singapore

loan scams are much more complex than you think it is. 99% of the time these accounts that you transfer the money to are not operated by the account holders themselves. they are usually either victims, migrant workers who have already left the country, loan shark debtors or people desperate for money who opened and sold their accounts to such scam syndicates.

once you transfer the money to these accounts, it will almost immediately be transferred to many other such victim accounts for a few times before it is eventually sent overseas. they do this quickly to avoid the the banks or police from freezing the account in time should the scam victims realise it early and make a report. and this process also slows down police investigations as the police would need to locate and interview more bank account holders.

in most cases, chances of getting these funds back is either close to zero, or would take a really really long time. so please manage your expectations.

i used to work in a bank’s scam/fraud department for about 3 years so going through such cases are almost a daily scope and they all follow a similar MO.


Read HWZ Forum Rules!

 

[qhong61]

Hi anyone gotten a secured loan from license money lender that required upfront payment ( collateral and validation payment ) refundable. I think I got scammed

From the oil into the fire.

 

[hclee01]

https://www.scamalert.sg/scam-details/loan-scam
Useful information on the recent scams scheme that are taking place.

 

[iadpotato]

potential story for the next edition of crimewatch's scam alert section.

 

[johnwong19888]

They still operating at metropolis tower 2 . Level #08-09. Rented out by servcorp . Called them who rented their office and asking for their personal number and they say they don't have any detail about them lol? How can be rented out office and don't have the client contact?

 

[hwmook]

actually how does it work to pay money first to get more money? like what's the logic?

No logic but desperate people still believe it.