never ever borrow money from money lenders

[buff]

am shocked!! heard on mixed fm this morning that they charge 1.5% per month. it works out to 38% per annum!! :amazed:

no wonder so many people get chopped up...! :worried:

[daBoss]

easy to say... when you're desperate, they may be the only ones willing to lend you money... better to extend your life a little and risk being hacked by them rather than dying immediately...

[andrewjpan]

1.5% ... that's nothing man... i've heard of 5% - 20 % ... A MONTH

[Oddfather]

So who is the biggest Ah Long in town??

[SS2006]

Some ah long charge by days.

[Oddfather]

Some ah long charge by days.
whats the % per day??

[SS2006]

whats the % per day??
Dun know, never approach one...

[Oddfather]

Dun know, never approach one...
so how you know the charge by day??

[SS2006]

so how you know the charge by day??
Read in the paper...that's what the victim said...

[kamkuey]

Rule Number One..

NEVER get into a situation where you need Ah Long.

Then you need not worry about the interest rates.

Just remember to stay away from gambling. Gamble small time during CNY is OK.. where the maximum bet allowed is RM10 for a game of blackjack.

[Oddfather]

Rule Number One..

NEVER get into a situation where you need Ah Long.

Then you need not worry about the interest rates.

Just remember to stay away from gambling. Gamble small time during CNY is OK.. where the maximum bet allowed is RM10 for a game of blackjack.
but RM 10 is like 10 sen to some. So how??

[andrewjpan]

but RM 10 is like 10 sen to some. So how??
then play rm 100 la..

[kamkuey]

If like that then can always open another table mar. Small time players play RM10 lar. Big time players play big time.

But remember if you bet RM100, then someone kena 5 cards 21.. then you pay RM300. If you chongker... and 2 fellows kena 5 cards 21... you pay up RM600. May not be much, but if carry on... easily chalk up 4-5 figure debts.

[SS2006]

then play rm 100 la..
Then some will graduate to RM1000, then RM 10,000. Must always have a self limit, only won't fall to the trap.

[kamkuey]

Then some will graduate to RM1000, then RM 10,000. Must always have a self limit, only won't fall to the trap.
Could not agree with you more....

[Oddfather]

If like that then can always open another table mar. Small time players play RM10 lar. Big time players play big time.

But remember if you bet RM100, then someone kena 5 cards 21.. then you pay RM300. If you chongker... and 2 fellows kena 5 cards 21... you pay up RM600. May not be much, but if carry on... easily chalk up 4-5 figure debts.
but if congker kena 5 cards 21, hehehehe.....if 10 ppl at the table, thats 3000.

[alfred98]

am shocked!! heard on mixed fm this morning that they charge 1.5% per month. it works out to 38% per annum!! :amazed:

no wonder so many people get chopped up...! :worried:
1.5% Very good deal liao.....Hei do U know about legalised Ah Long in town????:)

[Oddfather]

1.5% Very good deal liao.....Hei do U know about legalised Ah Long in town????:)
chetiah lor.....

[alfred98]

chetiah lor.....
Credit cards....2% per month......No body said is Ah Long!!!!

[KoChun]

Credit cards....2% per month......No body said is Ah Long!!!!
They are authorised Ah Long. :eek:

[Oddfather]

1.5% Very good deal liao.....Hei do U know about legalised Ah Long in town????:)
Credit cards....2% per month......No body said is Ah Long!!!!
wah....this guy is worst than Ah Long......one minute say yes the other minute is no......:mad:

[KoChun]

wah....this guy is worst than Ah Long......one minute say yes the other minute is no......:mad:
Haha, at least Ah Long easier to approve your application, right?

[Oddfather]

Haha, at least Ah Long easier to approve your application, right?
yeah. more consistency.

[alfred98]

Haha, at least Ah Long easier to approve your application, right?
Who say whor appliying for a card is as easy as ABC also lah...Some more they give U gold card leh....cerdit limit 15K whor....every month pay minimum onli...veri cheap!!!!!Limit reach laio apply another one....pay minimum always....this being encouraged leh....They don't like the fellow who pay all every month one...Some more U buy thing I make money leh...Who wanna join venture to open one company....Bijih Timah Ah Long cerdit card Sdn Bhd.....Others having gold or platinum but we support local product mah!!!!:laugh:

[Fishingman]

Haha, at least Ah Long easier to approve your application, right?
But I beh ta han them sticking their name cards everywhere and those stickers like free wallpaper.:mad:
I usually tear their cards to shreads and curse them as I throw them into the longkang.:squeeze:

[Alkapocino]

am shocked!! heard on mixed fm this morning that they charge 1.5% per month. it works out to 38% per annum!! :amazed:

no wonder so many people get chopped up...! :worried:
But in real life 90% of the borrowers loaned it for the wrong reasons - mostly those lost in gamblings. Some 10% of the borrowers actually used it for cash roll in business when then couldn't get loans from the finance instituitions or banks. It's common amongst the construction fellas. Sometimes they need money to buy materials to start off some renovations project.

Whichever way you look at it, there are two side of the coin. Some good, mostly bad!

[yee keong]

If like that then can always open another table mar. Small time players play RM10 lar. Big time players play big time.

But remember if you bet RM100, then someone kena 5 cards 21.. then you pay RM300. If you chongker... and 2 fellows kena 5 cards 21... you pay up RM600. May not be much, but if carry on... easily chalk up 4-5 figure debts.

but if you chongker, you kena BlackJack, then you Laugh Loud Loud!! :laugh:

[Odysseus]

That guy who was interviewed in Mix FM is a liciensed money lender. He admitted that the biggest problem is collection. Sometimes, it's a real big problem that he has to resort to creative means to collect payments.