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Protect yourself from loan scams. Learn how to identify and avoid fraudulent lending schemes. Stay informed and make secure borrowing decisions.
A bad credit score can act as a hindrance for many people intending to borrow money to meet their financial needs. Life often throws at us circumstances that can lead to defaults in loan repayments causing our credit ratings to deteriorate. A significant proportion of Singaporeans juggle with bad credit scores and declining financial situation. […]
Between January and November 2019, at least 1700 cases have been reported, with at least $6.8 million cheated. Victims would typically receive a SMS text message or WhatsApp message offering loan services. The sender may even claim to be a staff from a licensed moneylender. Interested parties are then instructed to transfer a sum of […]