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Unlicensed Money Lending (Ah Long)behave like ISIS

Discussion in 'The Courtyard Café' started by unclesam, May 16, 2018.

  1. unclesam

    unclesam Alfrescian Old Timer

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    Nowaday, many young teenagers are recruited to be salesperson for the unlicenced money lender looking for borrowers. Whatsapp and SMS messages often appear on strangers handphone. These Ah Long often induce by offering cheap interests rate for weekly/monthly installment.
    From my understand those sucking Ah Long charges as high as 25% interests per 7 days. For example borrower loan $400 on Monday due date is Monday. He/She must fully settlement the amount of $500. If there is an one day delay usually cut off time is 6pm an additional penalty of $100 interests to be rolled next day, meaning on tomorrow that is Tuesday borrowers must settle in full either in $600 or another $200 to defer next 7 days. Sometimes borrowers had fully settled their agreed loan but those AH Long continue to extort the borrowers. They are behave like ISIS. Ah Long is law ! Understand most of them are Malaysian.
     

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  2. shiokalingam

    shiokalingam Alfrescian Old Timer

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    UncleSam long time you no post. where you been ???

    Ah Long Again ??? Why dont go Licensed Moneylenders ???
     
  3. Leongsam

    Leongsam Administrator Staff Member Old Timer

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    If you don't like their terms of service don't use them.
     
  4. swissbank

    swissbank Alfrescian Old Timer

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    I hear those Licence Money Lender supply personal details to Ah Longs.
     
  5. shiokalingam

    shiokalingam Alfrescian Old Timer

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    That means one is limit up on LML or you have not try.

    Go to those respected LML ones.
     
  6. zhihau

    zhihau Alfrescian (InfP) + S-Mod Old Timer

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    welcome back!
     
  7. specialOne

    specialOne Alfrescian Old Timer

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    Wow Malaysian Ah Longs!
    Cannot play play with Malaysian Ah Long, they can burn house.
    Where is our man in Blue ?
     
  8. shiokalingam

    shiokalingam Alfrescian Old Timer

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    some ah long used malaysia hp line but at actually based in singapore.

    the hp line is enable them to use whatsapp and wechat.
     
  9. sweetiepie

    sweetiepie Alfrescian Old Timer

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    KNN even they double up the interest the borrowers will still ignore the terms and continue borrow to eat, gamble, shops, go holiday , buy latest hp etc KNN
     
  10. unclesam

    unclesam Alfrescian Old Timer

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    Those Cyber Ah Long even blackmail decent borrowers when fully settled.
     
  11. AhMeng

    AhMeng Alfrescian (Inf- Comp)

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    Congratulations Sinkies. Please thank your voted PAP masters for increasing your cost of living plus opening casinos to kill more gamblers. 70% voted for it .. Vote Liao Mai Comprain hokay! Lol :D
     
  12. shiokalingam

    shiokalingam Alfrescian Old Timer

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    record the all agreements. stick to agreement. get hp with recording features.
     
  13. syed putra

    syed putra Alfrescian Old Timer

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    Everyone knows, taking money from ah long is silly with the crazy interest rates and penalties. Become prostitute better.
     
  14. glockman

    glockman Alfrescian (Inf)

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    Demand and supply. Some people are just desperate, and shady people see a biz opportunity.
     
  15. bobby

    bobby Alfrescian Old Timer

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    Obviously you were never ever broke or financially desperate before....
     
  16. Leongsam

    Leongsam Administrator Staff Member Old Timer

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    I most certainly have. However I was not stupid enough to borrow from the loan sharks. I used my brains to create an income stream while I clawed my way out of a hole I had dug for myself.
     
  17. shiokalingam

    shiokalingam Alfrescian Old Timer

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  18. shiokalingam

    shiokalingam Alfrescian Old Timer

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  19. batman1

    batman1 Alfrescian Old Timer

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    Where is John Tan ? Activate your ISD to investigate the ah-longs now !
     
  20. shiokalingam

    shiokalingam Alfrescian Old Timer

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    if you suspect LmL works with Ah Longs pls feedback to Police and PDPC :

    2018-05-19 10.20.58.png
     

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