Loansharks nowadays are scamming and trapping innocent Singaporeans

I have come to realise that loan sharks nowadays are trapping innocent Singaporeans without even giving them any loans. I don’t see adequate news available to show Singaporeans the methods of these loan sharks and would like to seek your help in posting these news so that our fellow citizens do not get caught unaware and trapped by these scammers.

It seems nowadays when one enquire on loans via adverts that come on your mobile phone, the loan sharks say they need to process a initial account opening.

They then send small amounts (example: $100) to your account claiming they want to verify the account and wants the person to return back the $100 once their loan is approved.

However this loan never gets approved and they will either go on to ask them to do more transactions to make the application process faster or they will demand that an amount much larger like $300 is sent to close the case.

Even if this $300 is paid they simply call every 2 or 3 days to demand for more money claiming only the defer amount was paid and it is not settled.

They threaten the people after that claiming to set fire to their doors, splash paint and to harm them if they don’t make any payments.

Nowadays this method seems that they are literally scamming people in need of money and it is no more an issue where debtors default. But they are harassed for loans they never received. Simply they receive $100 and are being extracted by the criminals for payments over and over again in between a time span of 2 or 3 day intervals.

This has to stop and innocent people must be aware of this so they do not get trapped.

I would like to seek your assistance in spreading this to show people the new trap tactics these criminals are utilising disguised as licensed moneylenders.

I feel for those who are already trapped and the criminals even mock the police when told they will be reported. I feel we the citizens and social media should do more to reduce this criminals from getting the overhand.

Kindly rephrase and post this news clearly so that people can understand easily and are fully aware of the different tactics that these loan sharks use.

I am only aware of this one method but if there are more they should be exposed.

 

Concerned SG

 

Editor’s note: This is a new modus operandi used by scammers in China since 2018, the difference being that the amount are much larger and the scammers don’t do “set fire to their doors and splash paint”, they literally sue the victim in court and win most of the time. Apparently, it has been ‘imported’ into Singapore with the massive influx of ‘foreign talents’.

 

 

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11 Responses to “Loansharks nowadays are scamming and trapping innocent Singaporeans”

  • LIONS:

    LoanSHARKS are not as bad as PAPig$.

    LoanSHARKS tell you openly they gonna suck you.
    PAPig$ deny they are $crewing you?

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  • where is snakemugam?:

    for unknown reason, one of us has his mobile number captured by loanshark. everyday at noon without fail, sms or whatsapp message on phone. everyday block and delete.

    the point is, where is this ffffing snakemugam in charge of SPF? what is he doing? these loansharks blatantly in broad daylight advertise in Singapore, with Singapore number some more.

    what is snakemugam boss the clown doing? why he so ffffing free to FIX WP Aljunied TC when citizens are harassed by loanshark sms and whatsapp?

    a case of wrong priority, as always, with clown pap and S$m gang.

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  • why SPF can't solve problem?:

    Why are the highest paid police commanders in the world unable to stop such scams?

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  • too engrossed in hunting down:

    why SPF can't solve problem?:
    Why are the highest paid police commanders in the world unable to stop such scams?

    They are too engrossed in hunting down activists and critics and opponents of than PAP, a priority they consider more important than dealing with crimes in Singapore.

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  • Fake Policing:

    World’s best practices are adopted and flourishing in Singapore.
    What happened to the Silly Private Force?
    Mannequins to serve dafts?

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  • Bapak:

    Now, this is the real truth. 200% agreed. Good for you to bring this up to wake everyone up.

    LIONS:
    LoanSHARKS are not as bad as PAPig$.

    LoanSHARKS tell you openly they gonna suck you.
    PAPig$ deny they are $crewing you?

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  • oxygen:

    THE BIGGEST AND MOST DANGEROUS SHARKS in the ocean is WHITE POINTERS aka PAPpypolitics and PAPpynomics.

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  • HarderTruths:

    why SPF can't solve problem?:
    Why are the highest paid police commanders in the world unable to stop such scams?

    You need BALLS – not PUSSIES

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  • work harder for the good:

    well, our white idiots have imported via their open-leg policies all the chat-ba-lang hungry behaviors. see how good the white idiots are on going to solve these hungry behaviors (6.9m or 10m will probably improve aka increase the numbers for future leaders to work harder for the good of the future).

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  • What do u expect?:

    When your good dead founder you worshipped until your pants drop told the world that you r stupid. Even the most pious person will try to come esp on invitation to not only cheat you that simple becos they can cheat you by remaining where they r but more important to kick you out of your job, house n university n to push your taxes , fees etc up to feed them. Blame whom.your dead idol. or take action vote the remaining biws out n do a reverse.

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  • Do it like China:

    Must follow CHINA.
    anyone committing crimes or misbehaving in public , will have their photo,name n description of the crime , posted on a wall in their city central.
    For us ,just paste it at the mrt station entrance or blk where the offender lives..
    Foreigners just cane their behinds n deport straight away.

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