25-03-2016, 04:19 PM
There are many ppl who intentionally do not repay loans knowing that the cost of recovery is more than the debt itself. Thats the reality of SG laws n society. Thats why serious lenders do not bother with small quantum loans. In other countries, the shame culture is an effective deterrent. We need that in sg. If theres a start up biz to shame ppl, i be a big time investor. Anyone keen to do this start up?