Transmodified from hxxp://www.channelnewsasia.com/stories/singaporelocalnews/view/1257825/1/.html
PEASANTPORE: The Credit Counselling Peasantpore (CCS) maintained Golden Silence when sacked Transport Minion Yeo CT prints COEs and MAS colluded by easing easy money for car loans during ex-Regent Woody's reign. Now in a U-turn, it suddenly found the voice and claimed said the costs involved in maintaining a leased vehicle is one of the reasons cited for car peasant owners falling into debt.
Any mission school boy with a decent Elementary Maths training will realised loansharks are pretending to be credit companies. Those ectoplasmic parasites are offering higher loans and repayments beyond five years to ensnarl peasants. So to avoid the blame game later, CCS is reminding peasants to be more mindful of their finances.
But CCS do not have the farking guts to lambast ex-Regent Woody for his earlier loose monetary policy for car loans. Neither explained the evil of cheap money supply and COEs during Ruler Loong's reign.
CCS said 54 per cent of some 1,500 car owners it counselled in the past four years cited a combination of costs like monthly payments, parking and ERP charges as factors that have resulting in them being in debt.
This revelation comes amidst the 'jiat leow bee' Monetary Arses of Peasantpore announced the era of cheap car loans are over. Now peasant car buyers can take loans of up to 60 per cent of purchase price, with a repayment duration of 60 full moons.
However the idiots at MAS allowed loansharks to skirt the rule using a loophole. Loansharks can use their credit shell companies that do not fall under MAS regulations to offer car loans of up to 90 per cent of the purchase price. Most of the Asiatic loansharks will be happy with 3.88 per cent...earning more profits than Housing Mafia's 2.6% for housing loans.
Serpent Tan Ah Min, general bastard of CCS, said: "Lumpar, you never owe a car because of COE, you merely rent it. Same logic for birdcages, you never own homes, just rent it you bastards!
Now to maintain a car in Peasantpore, on a monthly basis, Ruler Loong earns S$1,800 or lesser. You pay road tax to Ruler Loong's LTA. You buy insurance and petrol, Ruler Loong earns a cut based on the taxes. You hit a ERP, Ruler Loong's LTA earn easy money again. You take a car loan from OCBC or DBS, Phony Tan or Ho Jinx thanks you. You park your car, Ruler Loong also very happy because his regime earns a handsome cut of the parking fees using Housing Mafia and URA as shell companies.
Because thanks to compound interest, you pay off the car loan in eight years, the amount you have paid is much more than if you had paid the loan off in five years. 'Sama sama' when you lease a 99-year birdcage from Penang Laksa Khaw! It is the same fucking scam all over again.
"Yet you all peasants very clever but never ask that Penang Laksa why he allow jack up birdcage prices so that peasants forced to take up 22-30 years loan huh? All study O level and A level, some polys, a few universities but all never ask why print money and inflate birdcage prices at the same time? Why is it that cheap loans for car loans are bad but not ruinous birdcage loans?
That is why Asiatic people all bookworms, all only know Ten Years Series and fark care Literature, then end up goon goon and deceived by Ruler Loong and his minions! Certified Idiots!"
PEASANTPORE: The Credit Counselling Peasantpore (CCS) maintained Golden Silence when sacked Transport Minion Yeo CT prints COEs and MAS colluded by easing easy money for car loans during ex-Regent Woody's reign. Now in a U-turn, it suddenly found the voice and claimed said the costs involved in maintaining a leased vehicle is one of the reasons cited for car peasant owners falling into debt.
Any mission school boy with a decent Elementary Maths training will realised loansharks are pretending to be credit companies. Those ectoplasmic parasites are offering higher loans and repayments beyond five years to ensnarl peasants. So to avoid the blame game later, CCS is reminding peasants to be more mindful of their finances.
But CCS do not have the farking guts to lambast ex-Regent Woody for his earlier loose monetary policy for car loans. Neither explained the evil of cheap money supply and COEs during Ruler Loong's reign.
CCS said 54 per cent of some 1,500 car owners it counselled in the past four years cited a combination of costs like monthly payments, parking and ERP charges as factors that have resulting in them being in debt.
This revelation comes amidst the 'jiat leow bee' Monetary Arses of Peasantpore announced the era of cheap car loans are over. Now peasant car buyers can take loans of up to 60 per cent of purchase price, with a repayment duration of 60 full moons.
However the idiots at MAS allowed loansharks to skirt the rule using a loophole. Loansharks can use their credit shell companies that do not fall under MAS regulations to offer car loans of up to 90 per cent of the purchase price. Most of the Asiatic loansharks will be happy with 3.88 per cent...earning more profits than Housing Mafia's 2.6% for housing loans.
Serpent Tan Ah Min, general bastard of CCS, said: "Lumpar, you never owe a car because of COE, you merely rent it. Same logic for birdcages, you never own homes, just rent it you bastards!
Now to maintain a car in Peasantpore, on a monthly basis, Ruler Loong earns S$1,800 or lesser. You pay road tax to Ruler Loong's LTA. You buy insurance and petrol, Ruler Loong earns a cut based on the taxes. You hit a ERP, Ruler Loong's LTA earn easy money again. You take a car loan from OCBC or DBS, Phony Tan or Ho Jinx thanks you. You park your car, Ruler Loong also very happy because his regime earns a handsome cut of the parking fees using Housing Mafia and URA as shell companies.
Because thanks to compound interest, you pay off the car loan in eight years, the amount you have paid is much more than if you had paid the loan off in five years. 'Sama sama' when you lease a 99-year birdcage from Penang Laksa Khaw! It is the same fucking scam all over again.
"Yet you all peasants very clever but never ask that Penang Laksa why he allow jack up birdcage prices so that peasants forced to take up 22-30 years loan huh? All study O level and A level, some polys, a few universities but all never ask why print money and inflate birdcage prices at the same time? Why is it that cheap loans for car loans are bad but not ruinous birdcage loans?
That is why Asiatic people all bookworms, all only know Ten Years Series and fark care Literature, then end up goon goon and deceived by Ruler Loong and his minions! Certified Idiots!"
Last edited:
