MONEY LENDER TOO MUCH?

Dear Editor,

MANY government servant and private sector worker on the island were victimized /cheated. For my case, I did borrowed money from the money lender @ YUWANG for many-many years which amount accumulate to RM31,000. Only then I realized that I need to approach them for discussion/arrangement on fixed payment monthly as I can’t afford the interest they charged monthly @ 12 % or more!

For example, if your payday on the 25th of the month, addition cash/loan taken on the 20th of the same month. They still charged interest with 12% on only 5 days, plus they deducted the interest immediately, say cash/loan taken RM100, you will receive only RM86 in hand minus 12% plus RM2 additional fixed charged every time you come look for them.

Frustrated with their rejection on my proposal, I make my mind and transfer my monthly payment to other bank which caused them to look for me few months later (with gangster) asking for my new ATM card which I refused. Failure causes 8-9 items taken away from my house, such as TV, Sound system, video/DVD player and other items. Payment of RM500 monthly via my wife account still deducted until now as I found something not going right! They also have blacklisted me via CTOS with unreasonable amount stated (RM200,000++) caused difficulty obtaining loan with local banks.

At this moment I’m producing evidence/proof and have make my mind to bring/sue YUWANG (Alex) to court as moneylenders breach the act.

Regards,

YUWANG VICTIM

- Sabahkini