I am facing financial difficulties and unable to repay the licensed moneylenders. Can the Registry of Moneylenders help to negotiate with the licensed moneylenders?
The Registry of Moneylenders is not in a position to assist the borrower in restructuring his loans, as this is a private contractual matter between the licensed moneylender and the borrower.
You may wish to negotiate with the licensed moneylender(s) directly, or through an intermediary (e.g. a lawyer or a social service agency), with a view to arriving at a mutually acceptable debt settlement arrangement.
If you need help to resolve your debt problems with licensed moneylenders, you may approach any of the following voluntary welfare organisations:
Association of Muslim Professionals (AMP)
Address: 1 Pasir Ris Drive 4 #05-11 Singapore 519457
Tel no.: 6416 3960
E-mail: corporate@amp.org.sg
Silver Lining Community Services
Address: 22 New Industrial Road, #07-03/04, Primax Building, Singapore 536208
Tel no.: 6749 0400
E-mail: admin@silverlining.com.sg
Adullam Life Counselling
Address: 315 Outram Road #15-02 Tan Boon Liat Building Singapore 169074
Tel no.: 6659 7844 / 9423 8832
Email: admin@adullam.org.sg
Blessed Grace Social Services
Address: 18 Arumugam Road, #05-01 Antioch@Macpherson Singapore 409962
Tel no.: 8428 6377
Email: billy.lee@blessedgrace.org
One Hope Centre
Address: 8 New Industrial Road #04-04B LHK 3 Building Singapore 536200
Tel no.: 6547 1011
Email: help@onehopecentre.org
Arise2Care Community Services
No. 5 Harper Road #02-01A Singapore 369673
Contact No.: 6909 0628
Email: admin@arise2care.sg
Credit Counselling Singapore
51 Cuppage Road #07-06 Singapore 229469
Contact No.: 6225 5227/6338 2663
Email: enquiry@ccs.org.sg
*Credit Counselling Singapore only handles cases that also involve debts with banks.
Notes to Borrowers when obtaining loans from licensed moneylenders