Errant Licensed Moneylender Fined

licensed moneylender moneylender licensed Another errant licensed moneylender is in the spotlight for charges linked to errant moneylending practices. The owner and manager of licensed moneylending company Skyline Credit were convicted of two out of six charges on Thursday, February 25. Four other similar charges were taken into consideration while sentencing. Both had pleaded guilty in the State Courts. … Read more

More on the Moneylenders Credit Bureau

Personal loan personal loan personal loan If you read The Straits Times and follow closely to moneylending news, you might have noticed that our very own Quick Credit Director, Ms. Carol Tan, was interviewed for her opinion on the launch of the Moneylenders Credit Bureau (MLCB) in the February 25 The Straits Times copy. Ms. Carol Tan believes that with … Read more

Credit Bureau for Moneylenders in Singapore

Moneylender Moneylender Moneylender The Ministry of Law (MinLaw) has just announced the operations of a credit bureau for moneylenders that will begin on 1 March 2015. Known as the Moneylenders Credit Bureau (MLCB), its purpose is to help licensed moneylenders assess how creditworthy the borrowers are, as well as to help prevent borrowers from borrowing … Read more

Prosperous New Year!

Moneylender The Lunar New Year is fast approaching. Have you stocked up on your new year goodies or changed for new notes at the bank yet? This is the period where families get together and have reunion dinners, and also the practice of giving out red packets for good luck in the coming Monkey year. … Read more

Fewer Complaints Made Against Licensed Moneylender

Licensed moneylender, A parliamentary question on harassment by licensed moneylenders was posed by the MP for Holland-Bukit Timah GRC, Mr. Christopher de Souza. Mr. De Souza put forth the following pointers: (a) if stronger measures could be put in place to protect borrowers; and (b) if clear guidelines or regulations on acceptable debt collect practices and … Read more