11-Dec

Unlicensed Moneylenders

Unlicensed Moneylenders

Unlicensed moneylenders, also known as illegal or rogue moneylenders, are individuals or entities that provide loans without a valid license from the government. In Singapore, it is illegal to operate as a moneylender without a license, and unlicensed moneylenders are not regulated by the authorities. Borrowing money from an unlicensed moneylender can be risky, as these individuals and entities are…

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