Licensed MoneyLenders + Police Report = Licensed Loan Shark ? ;Straits Times 22/4/11

[Narong Wongwan]

Re: Licensed MoneyLenders + Police Report = Licensed Loan Shark ? ;Straits Times 22/4

Nowadays that MO no longer in operation. In the past, yes. But few did that.

As with the hang pig head tactic.
Now not easy get pig head and pig head not cheap.
Also no impact unlike locking gate or set fire.

 

[jw5]

Re: Licensed MoneyLenders + Police Report = Licensed Loan Shark ? ;Straits Times 22/4

Many here do not understand the concept of risk vs returns. Customer with higher risk of default will be charged higher interest. Lower risk means lower interest.

Should the government even be allowing "licensed money lenders" to operate?
They didn't 5 or 10 years ago. What has changed?

Another thing is - Don't talk big about understanding risk and return. Otherwise you may be asked to compare academic transcripts and career achievement and you may be embarrassed.

 

[eErotica69]

Re: Licensed MoneyLenders + Police Report = Licensed Loan Shark ? ;Straits Times 22/4

Should the government even be allowing "licensed money lenders" to operate?
They didn't 5 or 10 years ago. What has changed?

Another thing is - Don't talk big about understanding risk and return. Otherwise you may be asked to compare academic transcripts and career achievement and you may be embarrassed.

If Government dun allow legal money lenders, then those rejected by banks will turn to illegal loan sharks. Simple as that! They should allow, but with proper regulation and management!!

What is wrong with the concept of risk vs return? You ok or not? Talking about this got to do with career achievement? You say I talk big? This is talking big? You took your medicine today or not???

Anyway, every idiot can claim that he has PHD and earn $10 mil per month over the internet. So compare simi lanjiao?

 

[jw5]

Re: Licensed MoneyLenders + Police Report = Licensed Loan Shark ? ;Straits Times 22/4

What is wrong with the concept of risk vs return? You ok or not? This got to do with carrer achievement? You say I talk big? This is talking big? You took your medicine today or not???

Anyway, every idiot can claim that he has PHD and earn $10 mil per month over the internet. So compare simi lanjiao?

Your statement was "Many here do not understand the concept of risk and returns."
The issue here is not even about risk and returns. Everybody knows that a "licensed money lender" or for that matter an ah long will charge higher interest rate to compensate for higher risk from customers with higher chances of defaulting.

Statements like these and when you call everyone who makes a negative comments about foreigners, xenophobic, without being prepared to consider the part played by government policy in both the issues of "licensed money lenders" and "foreign talents".
It is you who have not licked your master's balls today and are doing so now while talking big, not I who have not taken my medicine.

 

[eErotica69]

Re: Licensed MoneyLenders + Police Report = Licensed Loan Shark ? ;Straits Times 22/4

Your statement was "Many here do not understand the concept of risk and returns."
The issue here is not even about risk and returns. Everybody knows that a "licensed money lender" or for that matter an ah long will charge higher interest rate to compensate for higher risk from customers with higher chances of defaulting.

Statements like these and when you call everyone who makes a negative comments about foreigners, xenophobic, without being prepared to consider the part played by government policy in both the issues of "licensed money lenders" and "foreign talents".
It is you who have not licked your master's balls today and are doing so now while talking big, not I who have not taken my medicine.

Your are what I call, a typical Dr Chee Bye's dog. Attack PAP for the sake of attacking. Same as those PAPPies, only at different end.

Many do not understand why Legal Money Lender should charge higher interest. Yes is default risk. If that is not risk vs return, then what do you call it??

Yes you need to take your medicine!!!

 

[eErotica69]

Re: Licensed MoneyLenders + Police Report = Licensed Loan Shark ? ;Straits Times 22/4

Your statement was "Many here do not understand the concept of risk and returns."
The issue here is not even about risk and returns. Everybody knows that a "licensed money lender" or for that matter an ah long will charge higher interest rate to compensate for higher risk from customers with higher chances of defaulting.

Statements like these and when you call everyone who makes a negative comments about foreigners, xenophobic, without being prepared to consider the part played by government policy in both the issues of "licensed money lenders" and "foreign talents".
It is you who have not licked your master's balls today and are doing so now while talking big, not I who have not taken my medicine.

Your are what I call, a typical Dr Chee Bye's dog. Attack PAP for the sake of attacking. Same as those PAPPies, only at different end.

Many do not understand why Legal Money Lender should charge higher interest. Yes is default risk. If that is not risk vs return, then what do you call it??

Yes you need to take your medicine!!!

 

[Narong Wongwan]

Re: Licensed MoneyLenders + Police Report = Licensed Loan Shark ? ;Straits Times 22/4

You cockennathan!
Why are there so many legal money lenders now?
Because your dear pappies are

1) taking the easy way out of solving problems yet again
2) clueless to tackling illegal ah long
3) another avenue to earn taxes
4) all of the above

Your are what I call, a typical Dr Chee Bye's dog. Attack PAP for the sake of attacking. Same as those PAPPies, only at different end.

Many do not understand why Legal Money Lender should charge higher interest. Yes is default risk. If that is not risk vs return, then what do you call it??

Yes you need to take your medicine!!!

 

[Cruxx]

Re: Licensed MoneyLenders + Police Report = Licensed Loan Shark ? ;Straits Times 22/4

You cockennathan!
Why are there so many legal money lenders now?
Because your dear pappies are

1) taking the easy way out of solving problems yet again
2) clueless to tackling illegal ah long
3) another avenue to earn taxes
4) all of the above

5) because the supposed wealth of Singaporeans is a mirage

 

[GoldenDragon]

Re: Licensed MoneyLenders + Police Report = Licensed Loan Shark ? ;Straits Times 22/4

1) taking the easy way out of solving problems yet again
2) clueless to tackling illegal ah long
3) another avenue to earn taxes
4) all of the above

No further points to add.

 

[Yip Hon]

Re: Licensed MoneyLenders + Police Report = Licensed Loan Shark ? ;Straits Times 22/4

Toa Payoh hub has many of them . near to hdb resale office.

 

[Narong Wongwan]

Re: Licensed MoneyLenders + Police Report = Licensed Loan Shark ? ;Straits Times 22/4

Toa Payoh hub has many of them . near to hdb resale office.

Now they are everywhere......machiam toadstools appear after the rain

 

[hawker]

Re: Licensed MoneyLenders + Police Report = Licensed Loan Shark ? ;Straits Times 22/4

I even received sms from a couple of these LML.

Funny thing is, I have never borrowed any money from any LML, I don't rollover my monthly credit card bills, I don't have any outstanding loan except for my house. How on earth they got my contact? Bank selling customer data to LML?

 

[Yip Hon]

Re: Licensed MoneyLenders + Police Report = Licensed Loan Shark ? ;Straits Times 22/4

I even received sms from a couple of these LML.

Funny thing is, I have never borrowed any money from any LML, I don't rollover my monthly credit card bills, I don't have any outstanding loan except for my house. How on earth they got my contact? Bank selling customer data to LML?

LmLs are not allowed to even sms ...


what your got are from Loan Sharks .


this good eg :


http://www.s1credit.com

 

[hawker]

Re: Licensed MoneyLenders + Police Report = Licensed Loan Shark ? ;Straits Times 22/4

LmLs are not allowed to even sms ...


what your got are from Loan Sharks .


this good eg :


http://www.s1credit.com

Is it? I have no idea which companies send me the sms as I always delete them immediately. In future when i get these sms, I will post the company names here.

 

[Narong Wongwan]

Re: Licensed MoneyLenders + Police Report = Licensed Loan Shark ? ;Straits Times 22/4

Is it? I have no idea which companies send me the sms as I always delete them immediately. In future when i get these sms, I will post the company names here.

like the bro said, these are Ah Longs......supposedly they are using those names of LML companies without their knowledge.......or using names similar to LMLs.
I got harrass by one particular one........call him back talk nicely dun want to listen still SMS......i posted his numbers everywhere on internet daily for two weeks.....looking for whores, giving out free gifts, looking for blah blah blah.......in the end he also surrender.........call me to apologise and no more SMS since......these fucktards need to harrass them back then they know the 'odour'

 

[hawker]

Re: Licensed MoneyLenders + Police Report = Licensed Loan Shark ? ;Straits Times 22/4

Is it? I have no idea which companies send me the sms as I always delete them immediately. In future when i get these sms, I will post the company names here.

Speaking of the devil. SMS just in :

85812XXX : Good Afternoon Brother & Sister. Need any Cash Loan today please give me a call. Need your help and support badly. Your friends are welcome too. Thanks

 

[Yip Hon]

Re: Licensed MoneyLenders + Police Report = Licensed Loan Shark ? ;Straits Times 22/4

Speaking of the devil. SMS just in :

85812XXX : Good Afternoon Brother & Sister. Need any Cash Loan today please give me a call. Need your help and support badly. Your friends are welcome too. Thanks

They will ask for your Singpass.

 

[Narong Wongwan]

Re: Licensed MoneyLenders + Police Report = Licensed Loan Shark ? ;Straits Times 22/4

They will ask for your Singpass.

singpass can confirm your address, place of work etc.......harder fo you to run. this way also cut away the step of physical meet up to verify IC details