Loan sharks hire women

Singapore Straits Times ^ | March 27, 2009

[posterchild]

MALAYSIAN loan sharks have a new weapon in their growing struggle to get borrowers to repay debts: beautiful women.

'They go to your office or house and sit there' to shame you into paying, said Michael Chong, 60, who has worked for two decades as a mediator between the illegal lenders and their debtors. 'If it's your house, they will wait outside and make lots of noise, and you cannot wallop the girl.'

That's in addition to the traditional incentives such as putting debtors in a cage, splashing their houses in red paint or breaking their limbs, said Mr Chong, head of the Public Services and Complaints Department of the Malaysian Chinese Association, the second-biggest political party in the ruling coalition.

The shortage of bank credit is pushing more people to loan sharks and causing a growing number to default, said Chong, who negotiated a record RM56.6 million (S$23 million) of debts last year and expects this year's total to be higher. That's forcing the lenders to look for new ways to recover the debts, he said.

[posterchild]

Next headline; 'Single men increasingly defaulting.'

[bill1952]

That's in addition to the traditional incentives such as putting debtors in a cage, splashing their houses in red paint or breaking their limbs, said Mr Chong,

Charming...

[Army Air Corps]

Imagine if collecting agencies in the US tried this approach.

[posterchild]

Bummer. Thought we were going to see a kinder, gentler, sexier loan sharking.

[70th Division]

Soo . . . yelling out of your door “You want $500? Honey you ain’t THAT good,” Wouldn’t work

[massgopguy]

I know some Kinder, Gentler Bookies. They don’t rough you up anymore. They tell your wife. Then you’ll really be in trouble.

[CholeraJoe]

they will wait outside and make lots of noise, and you cannot wallop the girl.'

B*ll $#!+. All God's children got hemoglobin.

[ClearCase_guy]

There seems to be an implication that if a loan collector is a guy, then the fellow who owes money can pretty much "wallop" the collector with impunity, but this approach cannot be pursued if the loan collector is a girl.

I kind of think "walloping" loan collectors is always wrong, no matter their gender.

[sinsofsolarempirefan]

We’re talking about illegal loan sharks here, notorious criminals who charge sometimes over %1,000 interest and use violence and intimidation to get their payments. Those kinds of people definitely deserve a beating from whoever can dish it out to them.....

[a fool in paradise]

MALAYSIAN loan sharks have a new weapon in their growing struggle to get borrowers to repay debts: beautiful women...'If it's your house, they will wait outside and make lots of noise,

Hire ugly women to make noise. Code Pinko is out of work now that a Democrat is President.

[a fool in paradise]

NAP!

[ClearCase_guy]

Sorry. Totally missed that. I thought we were talking about Bank of America.

[CSM]

Hey baby, would you be my lendor?

Dave Ramsey Fan Ping List.

If you would like to be added to the “Live like no one else, so that you can LIVE like no one else” list, feel free to Freepmail me.

[a fool in paradise]

Psst! This thread needs pictures.

[a fool in paradise]

Lone arranger:

[posterchild]

Or you could try “that bucket of red paint doesn’t go with your dress.”

[Vaduz]

‘They go to your office or house and sit there’ until dog enters room.

[Slings and Arrows]

That's in addition to the traditional incentives such as putting debtors in a cage, splashing their houses in red paint or breaking their limbs,

The right tool for the right job.

[Lady Jag]

Waddaya expect?

fuhgedaboudit