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The Moneylenders Act in Singapore controls the practices of moneylenders throughout the country. It's intended to safeguard borrowers from predatory lending schemes. The Act sets limits on interest rates, fees, and other clauses that moneylenders can require on borrowers. It also offers solutions to borrowers who experience problems with their moneylender.

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Before selecting a moneylender, it's important to review their standing and confirm they are properly licensed. Look for favorable reviews from previous customers.

A registered moneylender in Jurong East can be a helpful resource for people dealing with debt. They provide professional assistance to navigate your financial challenges.