Moneylender Scam Alert

Posted by admin
on April 28, 2016

Dear Readers and Customers,

We would like to bring to your attention that Quick Credit has been operating at 2 Jurong East Street 21 #04-01A since 2010 and our telephone number has remained unchanged at 6899-6188. We are a licensed moneylender who abides by the rules of the Registry of Moneylenders and will not resort to sending out SMS/Whatsapp texts to market our services. We are certain that there are unethical people out there making use of our good name to deceive customers that they are our representatives. Thus, this article is just a reminder to all to be careful when dealing with moneylenders who are very pushy with loans. It is also important to be careful and read all terms and conditions clearly; especially when documents are presented to you for your signature, make sure it is legible, properly explained to you, and most importantly, accurate – printed as what had been communicated to you.

We are sure many of us have from time to time received whatsapp texts or SMSes from an unknown number that promotes moneylending services. Some are even dubious foreign numbers with the country code “+86, +81” etc. From time to time too, you might also receive such messages from local numbers. Please be aware that licensed moneylenders are not supposed to market their moneylending services like that, making it very likely that these messages could be from the “Ah Longs”.

We urge all borrowers or potential borrowers to exercise caution when taking up a loan. There are currently only 166 licensed moneylenders registered with the Registry of Moneylenders.

FAQs and important information can always be retrieved from the MinLaw website. And certainly, if you are unsure about your financial status and ability to cope with a loan, feel free to contact us for a non obligatory discussion and we will always do our best to help you address your concerns.

www.mlaw.gov.sg
no. business name/address licence no list of valid moneylenders registered in the republic of singapore, as at 01 april 2016 1 101 credit pte. ltd.
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