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Friday, March 1, 2024
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WOMAN OWES 16 AH LONGS $32K, SO JIALAT THAT SHE BORROW FROM AH LONG TO PAY AH LONG

In the face of tough times, the depths of desperation can drive individuals to extreme measures. A resurfaced video sheds light on the haunting experience of a 24-year-old girl trapped in the clutches of debt.

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The Circulating Video

The focal point of this narrative is an old video circulating on X, revealing the girl’s admission to borrowing money from a staggering 16 loan sharks simultaneously. The dire consequence was her entanglement in a staggering RM32,000 debt, according to a report by World of Buzz.

What led this unnamed victim to such dire straits? Her desperation stemmed from the need to settle outstanding rent, pushing her to seek financial aid from loan sharks on social media. Unbeknownst to her, the help she sought came from an unlicensed dealer, imposing exorbitant interest rates on the borrowed sum.

Compelled to repay the borrowed funds on a weekly basis, the instalments proved overwhelming. Unable to meet the financial demands, the victim found herself with no choice but to engage additional loan sharks to cover existing debts.

The Tactics of Intimidation

As the debts piled up, loan sharks resorted to their infamous tactics—intimidation. The girl’s pictures were plastered everywhere with labels stating, “This person is not paying her debt,” adding another layer of distress to her already dire situation.

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“I reached out to more and more loan sharks to help cover my previous debts. I ended up owing RM32,000,” lamented the woman, encapsulating the depth of her financial woes.

Silent in her suffering, the victim refrained from reaching out to her family, fearing the burden and stigma associated with her financial struggles. The revelation came later that the debts she accumulated were, in fact, a significant burden to her family.

In a 3-minute clip, PPIM disclosed that they successfully intervened, settling the debts for the girl. This episode underscores the critical need for financial education among the youth to prevent them from falling prey to unscrupulous lenders.

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