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Friday, September 30, 2022
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GEYLANG ‘REGULAR’ ASKED BY GIRL TO LOAN HER $1.2K, BEHIND GF’S BACK

I have a regular in geylang whom I used to visit regularly. Lets call her Desiree. Since the crisis hit, I have not met Desiree for the past 2 years.

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As you may know, the economy is very badly hit, especially the service sector. Desiree is struggling with her finances as well. She recently approached me to ask if I could loan her some money, which she would repay at 10% interest by the end of this year.

As it so happens, my joint account with my GF has an additional $600 x 2 = $1.2K from the government resilience budget which is currently just sitting there doing nothing.

Should I loan Desiree the $1.2K? 10% return is very good given the current economic climate. Also, risk is minimal: Desiree definitely has the earning power to repay the money, and I know the address where she lives and works so debt collection is not an issue.

Here are what netizens think:

  • We are not your gf. You should be asking her since it’s a joint acct with her.
  • If she has more than x number of regulars and for every regular she say the same thing, after with all the collection from these x number of regulars…
  • She can go back to her own country and count her money and laugh at the stupidness of these people who believe her words…
  • Yes, its a very good investment, you should probably loan her 12k
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