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The Moneylenders Act in Singapore governes the practices of moneylenders within the country. It's aimed to protect borrowers from abusive lending tactics. The Act sets restrictions on interest rates, fees, and other clauses that moneylenders can demand on borrowers. It also grants remedies to borrowers who experience issues with their moneylender.

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

A authorized moneylender in Jurong East can be a helpful resource for residents dealing with debt. They extend professional assistance to resolve your financial problems.