Tuesday, 24 Nov 2020

More seek help over debt issues as fewer people turn to moneylenders and pawnbrokers

SINGAPORE – John (not his real name) struggled to meet his personal expenses and support his family after his salary was cut by more than half in March.

The 27-year-old later borrowed a total of $10,000 from two licensed moneylenders but was unable to make his monthly repayments when he suffered another pay cut.

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