Unlicensed Money Lending (Ah Long)behave like ISIS

[unclesam]

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.

 

[shiokalingam]

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

Ah Long Again ??? Why dont go Licensed Moneylenders ???

 

[Leongsam]

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

 

[swissbank]

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

Ah Long Again ??? Why dont go Licensed Moneylenders ???

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

 

[shiokalingam]

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

Go to those respected LML ones.

 

[zhihau]

Nowaday, many young teenagers are recruited to be salesperson for the unlicenced money lender looking for borrowers.

welcome back!

 

[specialOne]

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

 

[shiokalingam]

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

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

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

 

[sweetiepie]

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

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

 

[unclesam]

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

 

[AhMeng]

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

 

[shiokalingam]

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

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

 

[syed putra]

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

 

[glockman]

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

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

 

[bobby]

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

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

 

[Leongsam]

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

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.

 

[shiokalingam]

 

[shiokalingam]

 

[batman1]

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

 

[shiokalingam]

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

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