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What are some ways to differentiate between a licenced and unlicensed moneylender?
1. Only licensed moneylenders have access to MinLaw’s landline
2. The listing of a personal phone number on a firm’s website is a red flag of an unlicensed moneylender
3. As mentioned before, you can visit the list of licensed moneylenders here: https://rom.mlaw.gov.sg/information-for-borrowers/list-of-licensed-moneylenders-in-singapore/
