While loan sharks have existed in the country for decades, they are now craftier than ever. Most borrowers don’t even know they are falling for these scams and they only realize when it is too late. While IPTO has passed stringent laws to loan sharks, it is important to stay on guard if you are looking for financing. You must ensure the moneylender you use is licensed by IPTO and verify this with the authority.

Times are hard in Singapore and it seems this might continue for some time. According to a 2015 Standard Chartered Report, Singapore households are among the most indebted in the region.  According to the Ministry of Manpower (MOM), unemployment rates are rising in the backdrop of a slowing economy. A recent report by the Monetary […]