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The Moneylenders Act in Singapore regulates the activities of moneylenders throughout the country. It's aimed to shield borrowers from predatory lending schemes. The Act establishes limits on interest rates, fees, and other terms that moneylenders can require on borrowers. It also grants solutions to borrowers who face problems with their moneylender.

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Before selecting a moneylender, it's important to review their credibility and verify they are officially licensed. Look for glowing reviews from satisfied individuals.

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