[Sg Reddit] - Friend is $100k SGD in debt and creditors are requesting $30k ASAP even though he doesn't have the money

[UltimaOnline]

Interested, go to the reddit page and read the other Singaporeans' comments below the threadstarter's original post :

 

[Scrooball (clone)]

Then the creditors are not very smart.

Get him fired from his job? Those morons will truly have no chance of getting their money back!

 

[nirvarq]

Firstly he will be bankrupted matter of time. Then he will be jailed or dead sooner or later. The money lenders are not interested in you keeping your job and pay mediocre amounts.

They want you to beg and borrow steal or cheat for whatever money they can squeeze outta you first. Then they would recommend some smaller 'Ah Long' to you and they take the upfront money as your payment for 'interest' you go beg, borrow, steal pay back, your problem.
These small time 'Ah Long' will hammer you they will beat you up wan, if you can't pay up after a few times when you failed the deadline.

Ultimately they want you to courier for them as drug mule prolly not locally, to or across certain countries. I used to have some ex-workers working for me in the same plight like him then later caught, jailed and then after few years got probation lanz lanz ... working day release under police/prison supervisions.

Dun playz playz, there are no short cuts to earn money.

 

[Scrooball (clone)]

They want you to beg and borrow steal or cheat for whatever money they can squeeze outta you first. Then they would recommend some smaller 'Ah Long' to you and they take the upfront money as your payment for 'interest' you go beg, borrow, steal pay back, your problem.

That actually sounds like a logical approach.

I take back my earlier assumption. That guy is truly fucked.

 

[shittypore]

The only alternative is run road deep into Laos or Vietnam jungle.

 

[vamjok]

no money for emergency fund still dump money for investment....

I not very rich or successful...but this is a good example of goondo that are not good with money. No 1 rule for investing is this is the money you can hold out, not needed within the next 5 years. If do not even have 6 to 12 months of emergency fund, don't even think about investing in anything as you do not have the ability to hold. hai... this is a sad case.

 

[A Singaporean]

It is always medical bill reason when taking loan from loan shark? Bad investment = gambling?

 

[millim6868]

Debts are usually arise from overspending, gambling etc, lies everywhere n some is buy n pay instalment with calculating of whether can afford,usually is job lost but still he to pay.

 

[chittychitty]

Creditors are loansharks?