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Do not borrow from unlicensed money lenders

Posted on August 29, 2007
Filed Under Iklan |

I really dont like it when my phone rings at 7am and the caller’s identity shows its a call from some distance relative. Instinct will tell me it’s either someone died or they want a loan from us. But the thing is, they will never call my husband’s number. It’s because they know he will most likely slam the phone down. What makes them think i wont do the same, huh.

For one, i’ve already expected this call will come one day. This relative of mine borrowed a lot of money from a few unlicensed lenders to invest in the stock despite we telling him not to do so. We knew that he does not know anything about stocks and is only following the current market uptrend. We told him the stock that he wanted to buy is already at its peak and it will soon drop once investors starts cashing in. He refuse to listen and went ahead with his dreams of hitting it big this time.

He lost a lot of money and now, those lenders are knocking at his door everyday. His wife cries all day long. He’s been from bank to bank applying for both personal loans and secured loans. Too bad, none got approved. If he’s living in the UK, i would have asked him to compare loans at loansubmit.co.uk and see how much he can borrow. Too bad he lives here. The best thing to do now is to mortgage his house and pay off those now debtors first before they do more harm to his family. Sigh…. when will he ever learn.

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