A recent string of loan shark attacks involving fires set to HDB flats have made the news and scared many homeowners. Even families that are not directly involved with unlicensed moneylending are left wondering what they can do to protect themselves from these incidents. Are these types of events actually becoming more common? To find out, we analysed the trends of loan shark violence and identified ways that you can protect your loved ones and your home.
Are Unlicensed Moneylending Harassment Cases Becoming More Common?These high profile cases of loan shark attacks may make it seem as if this type of crime is more prevalent than ever in Singapore. However, the total number of loan shark harassment cases has steeply declined since the beginning of the decade. For example, there were more than 11,776 cases of harassment reported in 2013 and only 3,806 in 2017. Additionally, while there
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