Welcome Guest ( Log In | Register )

12 Pages < 1 2 3 4 5 > » Bottom

Outline · [ Standard ] · Linear+

 Never ever borrow money from Ah Long - UPDATE 9/8, My friend experience here

views
     
Virlution
post Aug 9 2023, 01:12 PM

Casual
***
Junior Member
484 posts

Joined: Jan 2010


I have dealt with ah long cases like you, but relative one.

Did you see the T&C or your fren hiding the T&C from you? Nowadays ah long got give out detail T&C one, not simply naik harga like you see in TV one.

Your fren got sign a document somewhere that got the fine print, probaby have to pay before 8/8/2023, like date due by 8/8/2023. Usually they get Rm2700 and have to pay RM3k before the month is up, else the interest will add 10% or something like that.

Ask them how to settle, you can help your fren to pay out, but of course have to be reasonable amount or will involve PPIM or Micheal Chong Dept, etc because you are also not rich to bail him out.
gashout
post Aug 9 2023, 01:32 PM

⭐ My stars are growing ⭐
*******
Senior Member
5,741 posts

Joined: Apr 2019
Moral of the story

Happy times, save. You never know when you need 3k.


Not enough money to save? Work harder. Living in Malaysia you cannot be poor, everywhere is opportunity. Even Bangla buys land house shop in their home country doing 3R work. As a Malaysian, surely there's a way to make money legally.

This is really an avoidable case.
TSNapalm_man
post Aug 9 2023, 01:33 PM

Enthusiast
*****
Junior Member
723 posts

Joined: Jan 2015


QUOTE(WaCKy-Angel @ Aug 9 2023, 12:58 PM)
Sometimes ppl needs to br insulted only they can become woke.
Wake i mean.

Nope not gonna be white knight. Ppl needs to learn the harsh of life.

Sorry but someone got to be the bad guy.
*
He already in miserable state, no need any harsh thing on him now. That somebody can think and choose, a person already felt into serious trouble do they need anymore harsh words?

QUOTE(Virlution @ Aug 9 2023, 01:12 PM)
I have dealt with ah long cases like you, but relative one.

Did you see the T&C or your fren hiding the T&C from you? Nowadays ah long got give out detail T&C one, not simply naik harga like you see in TV one.

Your fren got sign a document somewhere that got the fine print, probaby have to pay before 8/8/2023, like date due by 8/8/2023. Usually they get Rm2700 and have to pay RM3k before the month is up, else the interest will add 10% or something like that.

Ask them how to settle, you can help your fren to pay out, but of course have to be reasonable amount or will involve PPIM or Micheal Chong Dept, etc because you are also not rich to bail him out.
*
As per what he said, no documents of black and white. I did ask him why he agreed on this, he told he was desperately need the money. How much he got I don't know, but I know he only borrow RM3000. Start at 8/7 and 8/8 is the last day, but at 8/8 night the ah long suka2 say market now charge RM1000 per hour for late payment, I don't know what "market" they're talking about, now he's in police station as per his update just now around 12pm.
msacras
post Aug 9 2023, 01:50 PM

Regular
******
Senior Member
1,767 posts

Joined: Jan 2019
Rule of thumb, the interest rates of ahlong often start from 100%, and that’s presume you able to really get it settled early.
andise
post Aug 9 2023, 02:01 PM

Getting Started
**
Junior Member
77 posts

Joined: Oct 2018
no paperwork then ignore lor. if you give them real address than stupid
Natsukashii
post Aug 9 2023, 02:02 PM

^^
******
Senior Member
1,084 posts

Joined: Jul 2022
QUOTE(Napalm_man @ Aug 9 2023, 12:54 PM)
He better be now, parent could've disown him if they knew about this. Went to his house few times, his parents really not those tolerate with embarrassment.
*
If are the kind of parents that can disown him, parents must be financially fine on their own too.

But they didn't help TS friend when he needed 3k..



This post has been edited by Natsukashii: Aug 9 2023, 02:03 PM
mushigen
post Aug 9 2023, 02:03 PM

Look at all my stars!!
*******
Senior Member
4,954 posts

Joined: Jul 2010


QUOTE(ctys2012 @ Aug 9 2023, 12:47 PM)
hope he learnt his lesson

i am sure most people here are aware what capabilities these thugs have and the limit our law has

live within means, never borrow unless from banks

*
Trouble is, those who don't need a loan, banks keep offering them one. Those who resort to Ah Long can't qualify for bank loans.

If course I am not ruling out cases of borrowers who do that because they're sure they can make some fast cash using that borrowed money.
Roadwarrior1337
post Aug 9 2023, 02:04 PM

Enthusiast
*****
Junior Member
979 posts

Joined: Jan 2022
QUOTE(Napalm_man @ Aug 9 2023, 12:50 PM)
He passed away in bike accident, or maybe there another abg sado?
He tried, but didn't work because he follow the market price. It was my idea who lower down the price so he can sell his stuff faster, I can't give him RM3000 but I at least helped him sell off some of his stuff. So yea he did tried other way to get money before the online loan AKA online ah long, if he didn't call me yesterday night he probably selling off his car now. Based on that suka2 naik bunga attitude, I figure the debt now goes up to 5 figures.

Again, it won't cost you a cent to be tolerance and put yourself on someone's else shoes instead insulting or making fun of others. You need to change your attitude.
*
They got few abang sado

The biker is the most prominent one dono what steroid he use

That age muscle still tip top
TSNapalm_man
post Aug 9 2023, 02:08 PM

Enthusiast
*****
Junior Member
723 posts

Joined: Jan 2015


QUOTE(Natsukashii @ Aug 9 2023, 02:02 PM)
If are the kind of parents that can disown him, parents must be financially fine on their own too.

But they didn't help TS friend when he needed 3k..
*
I would say they're financially stable from what I've seen, go to their house for CNY and they always got lost foods and drinks. For me angpow RM50, that's still a lot even until today. But the parent really strict, you literally can see what type of parents they by the way they spoke with their kid.

QUOTE(mushigen @ Aug 9 2023, 02:03 PM)
Trouble is, those who don't need a loan, banks keep offering them one. Those who resort to Ah Long can't qualify for bank loans.

If course I am not ruling out cases of borrowers who do that because they're sure they can make some fast cash using that borrowed money.
*
You sir, got my like. Not many people like you, a person who understand the issue and instead of bashing you explain properly. The world needs more people like you...
SUSrem
post Aug 9 2023, 02:08 PM

New Member
*
Junior Member
44 posts

Joined: Mar 2005



Ah long aim not for you to pay on time, they aim you not able to pay them on time. This is when they really make money.

Thank you for sharing. The sad thing is, no matter how many PM, or change government, ahlong still rule. sad
skloda
post Aug 9 2023, 02:12 PM

Keep Calm , You Only Live Once
******
Senior Member
1,895 posts

Joined: Apr 2010
From: Keep Walking ... Tomorrowland

i never deal with interest free 30days ah long before ..

from what i know , u borrow 3k , they will give u 2.7k (less 10% consider interest) , then weekly basis count interest / monthly basis .. depends on licensed ah long or without.

if u want settle , full settlement before the due date.
Akaashi
post Aug 9 2023, 02:14 PM

Getting Started
**
Junior Member
199 posts

Joined: Nov 2021
QUOTE(Napalm_man @ Aug 9 2023, 10:50 AM)
Like this, a gaming laptop market selling at RM2500 - RM3000, I put RM1900. iPad gen 8 now selling around RM800 - RM1000, I put RM600. Gopro hero 4 now selling RM400+-, I put RM250. You do the math then.

Why not give him RM3000 instead? He cannot guaranteed me that he will pay back before I get my car, you still think it's a good idea?
*
I understand he sell them off cheap, im just surprised u guys managed to find buyers in such short notice. (Coming from someone who put items in shopping cart/wish list for days, sometimes weeks before deciding to buy them)

Oh I'm sorry I tot you are close enough to lend him the money since u r already kind enough to help him getting enough money for his debt. I understand yo, my friend took half a year to pay me back 10k by instalment.
david5343
post Aug 9 2023, 02:32 PM

New Member
*
Newbie
42 posts

Joined: Nov 2010
From: Penang


QUOTE(dudester @ Aug 9 2023, 10:03 AM)
Not going into why borrow from ah long, its beyond that.
Borrow 3k pay back 3k too good to be true. even friend also charge interest.
Ah long needs to make money,.
You are dealing with lawless people, no documentation, they would surely open high (+4k interest), maybe should try to negotiate. 2k down.
And why count down the clock till last minute to repay, you are dealing with ah long and should have bufferred.
End of day, your friend has opened a door way, Ah long see this as opportunity, and will come up with whatever stories to make him keep paying. The more you pay Ah long will see him capable of getting more . Good luck to him.
*
which friend charge interest for such small amount and short duration? especially for emergency..

these are not friends....
WaCKy-Angel
post Aug 9 2023, 02:34 PM

PeACe~~
*********
All Stars
21,963 posts

Joined: Dec 2004
From: KL



QUOTE(Napalm_man @ Aug 9 2023, 01:33 PM)
He already in miserable state, no need any harsh thing on him now. That somebody can think and choose, a person already felt into serious trouble do they need anymore harsh words?
As per what he said, no documents of black and white. I did ask him why he agreed on this, he told he was desperately need the money. How much he got I don't know, but I know he only borrow RM3000. Start at 8/7 and 8/8 is the last day, but at 8/8 night the ah long suka2 say market now charge RM1000 per hour for late payment, I don't know what "market" they're talking about, now he's in police station as per his update just now around 12pm.
*
Just sell car and get it over with
ZeneticX
post Aug 9 2023, 02:38 PM

stars for what
********
All Stars
12,413 posts

Joined: Jan 2008
From: KL - Cardiff - Subang - Sydney



QUOTE(rem @ Aug 9 2023, 02:08 PM)
Ah long aim not for you to pay on time, they aim you not able to pay them on time. This is when they really make money.

Thank you for sharing. The sad thing is, no matter how many PM, or change government, ahlong still rule. sad
*
Its a worldwide issue. U can see famous Ah Long depictions and cases from Singapore and Hong Kong. Almost a part of Asian culture i guess
-mystery-
post Aug 9 2023, 02:46 PM

Look at all my stars!!
*******
Senior Member
2,725 posts

Joined: Jan 2021


Ah long can lend if no work at all? I thought they see income statement and sources too
SUSskyblack4492
post Aug 9 2023, 03:00 PM

Regular
******
Senior Member
1,342 posts

Joined: Apr 2011

QUOTE(dudester @ Aug 9 2023, 10:03 AM)
Not going into why borrow from ah long, its beyond that.
Borrow 3k pay back 3k too good to be true. even friend also charge interest.
Ah long needs to make money,.
You are dealing with lawless people, no documentation, they would surely open high (+4k interest), maybe should try to negotiate. 2k down.
And why count down the clock till last minute to repay, you are dealing with ah long and should have bufferred.
End of day, your friend has opened a door way, Ah long see this as opportunity, and will come up with whatever stories to make him keep paying. The more you pay Ah long will see him capable of getting more . Good luck to him.
*
True even poco loco borrow fren also charge interest
PerfectZero
post Aug 9 2023, 03:16 PM

New Member
*
Junior Member
35 posts

Joined: May 2007
From: Duckburg

Watch the show called Underground Banker will deter you from Ah Long. If it doesn’t help, then you are destined to be f.
SUSskyblack4492
post Aug 9 2023, 03:20 PM

Regular
******
Senior Member
1,342 posts

Joined: Apr 2011

QUOTE(skloda @ Aug 9 2023, 02:12 PM)
i never deal with interest free 30days ah long before ..

from what i know , u borrow 3k , they will give u 2.7k (less 10% consider interest) , then weekly basis count interest / monthly basis .. depends on licensed ah long or without.

if u want settle , full settlement before the due date.
*
Mean ah long profit rm600 ( rm300 + rn300)?
skloda
post Aug 9 2023, 03:25 PM

Keep Calm , You Only Live Once
******
Senior Member
1,895 posts

Joined: Apr 2010
From: Keep Walking ... Tomorrowland

QUOTE(skyblack4492 @ Aug 9 2023, 03:20 PM)
Mean ah long profit rm600 ( rm300 + rn300)?
*
u want borrow 3k , they give u 2.7k .

means 1st week interest 300

1 week - 300
2 week - 300
3 week - 300
++++++ depends how long you wanna drag .

maybe 10th week u wanna settle - RM3k .

but the previous 9 weeks - interest 2.7k already + 1st interest 300 = 3k

total repayment 6k.

12 Pages < 1 2 3 4 5 > » Top
 

Change to:
| Lo-Fi Version
0.0214sec    1.38    6 queries    GZIP Disabled
Time is now: 18th December 2025 - 11:29 AM