September 18, 2015 / by Karen Tan / General / 6 comments
It seems that with the capping of interest rates charged by Singapore licensed money lenders to 4% per month (effective 1 Oct), the illegal loan sharks (unlicensed money lenders) are feeling the heat and starting to step up their efforts (or rather deceptive SMS tactics) to con unsuspecting victims into borrowing money from them.
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Read more about these posts of Platinum Credit’s Licensed Money Lender Blog that are filed under General category.
Loan Sharks Impersonating As Platinum Credit
December 22, 2015 / by Karen Tan / General / 4 comments
The loan sharks are responsible for many deceptive SMS / WhatsApp messages and phone calls. To con unsuspecting individuals into taking up an illegal loan with them. One of their new tactics is to masquerade as a Singapore legal money lender. And recently, they are impersonating as Platinum Credit. Why Do They Do That? To […]
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Weekly VS Monthly Loan Contract – What You Need to Know
October 15, 2015 / by Karen Tan / General / 0 comments
With the official capping of monthly interest rate charged by licensed money lenders in Singapore to 4 per cent since 1 October 2015, many of these credit companies have now switched their customers to weekly loan contract (instead of monthly) in order to circumvent the law and cover their losses in interest income. All these […]
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Beware of New Loan Shark SMS Tactics
September 18, 2015 / by Karen Tan / General / 6 comments
It seems that with the capping of interest rates charged by Singapore licensed money lenders to 4% per month (effective 1 Oct), the illegal loan sharks (unlicensed money lenders) are feeling the heat and starting to step up their efforts (or rather deceptive SMS tactics) to con unsuspecting victims into borrowing money from them.
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How To Maintain Your Personal Loan Account With A Singapore Moneylender?
July 21, 2014 / by Karen Tan / General / 0 comments
If you’ve recently taken a personal loan from a Singapore moneylender, use these suggestions to maintain your loan account. You needed urgent funds and turned to a licensed money lender in Singapore for a fast cash loan. You meet all the eligible criteria including steady job and age factor, and provide relevant documents. After a […]
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How To Verify A Singapore Money Lender Is Licensed In 3 Easy Steps?
July 21, 2014 / by Karen Tan / General / 0 comments
Getting cash loans from a Singapore money lender is easy, but how do you know whether the company is licensed or not? Sometimes you need instant cash to meet an emergency. Maybe, your personal loan requirement doesn’t meet the eligibility criteria of banks and institutional lenders. Moneylenders are your best alternative to raise cash. As […]
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