City Plaza

City Plaza is a commercial property for the light industry. It is nearby Singapore Post Center and Geylang Serai Malay Village. 

There are shops and a basement car park in the Plaza. There are eateries at Little Vietnam Restaurant and cafes at Grandlink Square. 

Located at the City Plaza is the famous Arnold’s Fried Chicken Restaurant. There are other amenities nearby like supermarkets, retail shopping, and banks.

There are Starbucks and Cheers for a convenience store. Present also is the Cold Storage for grocery, Unity for Pharmacy, and a mall. All those amenities are about ten (10) minutes walk from the City Plaza. 

There are also reputable schools close to the City Plaza. Those are Chung Cheng High School, Tanjong Katong Secondary School, and Kong Hwa School. 

Living in City Plaza could be convenient for most people. Almost everything that you need is accessible. 

Warning Signs of a Loan Shark in City Plaza

Loan Sharks are illegal or unlicensed moneylenders. Be very careful with loan sharks since they are a bit difficult to spot. Some even know they are already victimized by loan sharks when it is too late. 

Here are some signs that you need to look about loan sharks:

Loan Solicitation 

Loan sharks are pushy when it comes to selling their loan. They will continuously send you messages through emails, texts, or they may even call you. They will use many strategies to get you into borrowing a loan from them 

Easy Loan Process

Loan sharks use very easy loan application. Most will not ask for documents from you. They might not even show you documents like loan agreement or your record of payments.

These strategies could be alluring to desperate borrowers. If you encountered this situation, better to stop dealing with them before it’s too late. 

Inconsistencies with their Loan Condition

Loan sharks won’t inform you about important loan terms. They might not even update you about your interest rate and the money that is left for you to pay. They will also suddenly increase the interest rate. 

Loan sharks will ask for additional fees without even explaining the details to you. They will change their terms without notifying you. 

Threats and Harassment 

Over time, they can get nasty with you. They will intimidate you or threaten you if you couldn’t pay off your debt. Some may even pose harassment. A licensed moneylender would never do those things. 

Taking Collateral 

Most unlicensed moneylenders will ask for a guarantor. Some will take items such as your passport, bank cards, or any of your assets and properties. They will you that it is their form of security.