If you're looking to borrow money, you may have heard that it's safer to go to someone licensed by the Moneylenders Act and Rules Singapore than to look for someone on your own. However, this isn't always the case. While there are some benefits to borrowing from a licensed moneylender, drawbacks need to be considered [...]

The money is urgent, they offer it to you quickly, without conditions, without endorsement, and in exorbitant amounts. What's more, they promise you that you will have the cash regardless of whether you are a lousy payer or have long-standing debts. Some will even say that they solve your other financial problems. Nothing seems weird [...]