Mr Yan borrow from Ah Long cannot pay, now act like victim and saint....

[drifter]

maybe that's why me fail maths, cannot be ah long :o:o:o

whahahaha...bro your art work good anot ? if good can become their artist too

 

[zhihau]

whahahaha...bro your art work good anot ? if good can become their artist too

me only got a steady pair of hands, if me art good, me wanna be a tattoo artist

 

[drifter]

me only got a steady pair of hands, if me art good, me wanna be a tattoo artist

agree with you good tattoo artist make good money ...

 

[Ramseth]

Sinkie ah long dun operate like HK ah long where debt can snowball and interests charge on interests.

Typical sinkie ah long loan lets say 1k loan you get 800 upfront and over next 5 weeks you pay 200 per installment.
Simple enough 20% interests.
Only get interesting when you are late or miss the weekly payments.
It's 200 per week 'interests' if you cannot make payment on time. Technically debt won't snowball, it's just that you seemed never be able to finish paying off the 1k loan that's all.
That's when other stalls enter the picture and the more stalls you loan from the more your debts ballon.

Singapore Ah Long interest is basically based on 20% per month. If you're a good friend or considered creditworthy, it can be lowered to 10 to 15% per month. Note per month, not per annum. The terms of repayment can be per week or per month. If halfway through repayment schedule, you're tight and missed a payment, you can forfeit earlier interest payments and reset the loan, i.e. interest and principal reset as if new loan of the same amount. That's how many borrowers got snowballed into hefty debts and interest and can't get out the vicious cycle. If you choose to disappear, be prepared and get your loved ones prepared.