Licensed Money Lender: Finding the ideal one for a loan
We as licensed money lender have been having a bad rep since the news repeatedly mention about errant licensed money lender. At CYS Credit, we want to educate our borrowers and the public at large the importance of choosing the right licensed money lender when you are consideration for a loan.
So what are the tell-tale signs of licensed money lender?
No Telemarketing or SMS tactics
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With the recent DHL delivery scams going on, it’s little wonder why people are really irritated with telemarketers. Singaporeans have little tolerance for telemarketing tactics that draw upon fear or temptation.
Based on IPTO rules and PDPA acts, licensed money lender are not allowed to advertise their services in any of telemarketing or SMS marketing. Or even Google Adwords! The penalties are harsh for advertising on such services. Licensed money lender can lose their licenses if they are reported or caught. Something we at CYS will never want too either.