Singapore, the country is not exactly cheap to live in. If you are a resident in Singapore and have fallen on hard times and need immediate money, you can easily get money from either the banks of Singapore or the many money lenders in the country. But be sure to double-check whether these money lenders are legitimate or not.
The ministry of the law of Singapore has sent out warning messages to citizens to be extra cautious when they approach a moneylender due to an increase in the scams related to credit. The recent biggest scam was done by a group of criminals in Singapore who reportedly duped victims of 100000 dollars in September last year.
Do Not Underestimate The Creative Abilities Of The Scammers
These scammers can get creative with their ideas to dupe innocent people of their money. They have become extremely technologically advanced and can use several methods to scam victims. You may be well aware of all the scams and take all the precautions and yet end up getting scammed!
The September scam case involved the scammers sending a WhatsApp message to the victims, which contained a pdf file most of the cases, stating all the charges and the 7 percent GST that the borrowers were required to pay. The victims did not question the legitimacy of the money lenders because the messages and the files were sent from the ministry of law. As soon as the individuals downloaded the documents, they were asked to pay …