Tag Archives: Goh Chin Ann

CAUGHT IN MONEYLENDERS’ WEB OF LATE FEES

WHEN cleaner Goh Chin Ann borrowed $400 from a licensed moneylender in August, the interest stated on the agreement worked out to just eight cents a day. Yet, Credit88's contract also stated that he had to pay back the entire loan the very next day, or face a $600 late-fee charge.

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