Licensed Moneylending Confessios

[Onelyst]

We have started #moneylenderconfessions campaign on Facebook. The objective of this campaign is to gather feedback from ex-borrowers who borrowed from licensed lenders. You can share about your and/or your friend's good & bad borrowing experiences with licensed lenders. Let's help vulnerable borrowers to make better borrowing decisions. Please be assured that all information will be kept strictly confidential. No personal information like name contact number address are required. Just genuine feedback with a genuine intention to help vulnerable borrowers is fine

Feedback link - https://www.onelyst.com/mlconfession/

Thank you so much for creating helping borrowers make better borrowing decision

 

[Equalisation]

Borrowed once decades ago to start my beef noodles stall. Paid back in full with interest within 3 months ! Interest rate was 15% per month back in those days.:o

 

[Onelyst]

Borrowed once decades ago to start my beef noodles stall. Paid back in full with interest within 3 months ! Interest rate was 15% per month back in those days.:o

@Equalisation - thank you so much for your feedback. will you be able to fill up the 6 short questions? https://www.onelyst.com/mlconfession/

 

[hokkien]

Borrowed once decades ago to start my beef noodles stall. Paid back in full with interest within 3 months ! Interest rate was 15% per month back in those days.:o

Bro your beef noodles must be Not bad, after 3 months can repay liao

 

[McDonaldsKid]

Being pedantic here, but shouldn't it be #moneyborrowersconfessions? I assumed it would be thread from the horses' mouths on how they exploit the borrowers.

 

[Equalisation]

Bro your beef noodles must be Not bad, after 3 months can repay liao

Yes. Work for 16 hours a day. Day time, locals makan, night time and after midnight, tourists and American GIs !:o

 

[LEGEND]

Those Ah Pek Ah Ma borrowers no surf net leh.....

 

[hokkien]

Ts, the link you provided cannot access.. Kena kick out...

 

[jw5]

Who do Licensed Moneylenders and their Regulators/Approving Authority think they are lending money to? Budding successful entrepreneurs?