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Alternate way to Clean Out Illegal ALONG

Posted by Cassey | Life | Saturday 30 May 2009 3:22 am

I have a question after knowing Deputy Minister of Housing and Local Government is belongs to BN – MCA. My question is, many people when facing debts with ALONG and asked help from MCA to help to settle debts with them in lower interest. Is the MCA just called them up, warm them for not borrowing money to that victim and pay them the balance? Do MCA note down which money lender company they from and past the list to Housing and Local Government to verify it? If detected they are illegal money lender or the interest is higher than the percentage it should be (12% per annum with property else 18% per annum without property), Housing and Local Government can take action to them directly. Do MCA really do that?

I think this is an alternate way to help on clearing out the illegal money lender or money lender that acts like ALONG. Do you think this will work? Since they said they do not have enough resources to tackle all the money lender lessen, I guess this will help them a lot.

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2 Comments »

  1. Comment by concepciontuc — June 17, 2009 @ 1:53 am

    Sounds it is tempting

  2. Comment by Cassey — June 17, 2009 @ 7:20 am

    Tempting? What do you mean by that?

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