(The Great White Shark)
After seeing so much misery, finally our Gov't is doing something about the alongs' menace. Recently, we read about the stories in our local papers how some of the "loan defaulters" were made to pay the price for their inability to settle their debts.
The pictures is so sickening when we saw what our fellow civilized human could do to another human being. It's totally unacceptable how the "victims" were treated when their pictures were posted.
I don't know how far the Gov't are willing to go to curb this menace to society.
With our global economic crisis, do they have much of a choice?
Since I'm also a small time businessman and I know the problems these people are having. To get a soft loan from any financial institutions is not as simple as 1, 2 and 3! And when you reached your wit end, there is nothing much to do except to engage an "along" for help. The rest is history.
So, what are we to do as to evade these problems from arising?
It is easier said than done. Banks need collateral, guarantors. Along?? The process is fast, not much paperwork is needed to secure a small loan. And no waiting period.
I hope our society will share their knowledge on these matters, their experience with us. Some are ill-advised on this matter.
Posted by Stephen Dass
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