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Old 16-05-2018, 06:00 PM
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Thumbs up Unlicensed Money Lending (Ah Long)behave like ISIS

An honorable member of the Coffee Shop Has Just Posted the Following:

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...

Unlicensed Money Lending (Ah Long)behave like ISIS

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