You are desperate for a loan.
Your friends and family cannot help or do not want to help... Well... people are selfish or you are untrustworthy.
You search the net for help and found many people posting in the classified claiming to provide big loan with low interest.
STOP!
Think Again. On what ground are they going to trust you will return the money.
If you contact them... first they will find means and ways to make you wire some money over as "processing fee" Once you do so, they may ask for any amount... until you are broke or smart. You won't hear from them again.
Next. we go to 1% interest loan advertisement. Miss Tan? Sound familiar.
Not really a scam but you won't get big loan. Simply getting you to invest your CPF money. In return they give you some $.
My thought is they have link to insurance agents. As far as i know agent are give 3% commission for the investment you make with your CPF.
It mean when you invest $10K, the agent make $300. Usually you will be offered $150 per $10k and after 3mth you can "renew this again. This will eat into you CPF and everytime you start such an investment you will lost some $ as processing fee and commission. Worst they will invest your CPF in HIGH RISK stuff. If you have $50k in your CPF. is it worth to lost a few 10k for $750?
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Prevent Loan Sharks
ReplyDeleteCase 1
my monthly income is more than 5K, my overspending will end up Bankrupt due to bank loans.
Case 2
my monthly income if less than 2K, my overspending will end up Loan Shark due to personal loans.
Bankrupt and Loan Shark - both are bad for our image. It is shameful, lost trust from friends and depression.
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If it already Bankrupt or Loan shark, we still can repair our overspending habits by
1. Maintain mobile/tel bill below $30 per month, stop eating outside, stop smoking, drinking, stop buying things, stop going bar or pub, stop visiting massage parlour.
2. Find someone (eg. your boss) to control your money or bankcard. :(
3. Lock yourselves as punishment. No out going (shops & friends) will save money.
Of course, I can't control money, then money will control me. Run away or gambling, casino, criminal ..etc GOD DISLIKE.
Please, respect to money. it will respect to us. God Bless You....
Well said... Most people including myself in the modern city has lost respect to money. Too much to buy, too many to pay and too little to enjoy.
ReplyDeleteCost of living is getting much higher.. Transport, food, and even a can of drink in coffee shop now charge 1.20 - 1.40.
The richer will be richer, the earner will earn until they die with some money leftover in their bank, the spender will spend until they are wiped out till next payday or take such loans. Then the poor will be poorer.