Claws of The Tiger
Born in the year of the ferocious tiger I am but it does not mean I am immuned from the 'Claws of the Tiger', so says the subject heading. The 'Tiger' I am referring is the financial institutions, the banks that will resort to anything to make sure their borrowers make good their loan payments. Granted, they have to make sure every step taken is as legal as possible but the immense pressure lashed on borrowers who have inevitably fallen on bad time & struggled to meet payment schedule makes no difference to a typical Ah Long's modus operandi. The only distant difference is banks won't throw paint & write graffiti on wall unlike Ah Long. However, their (the banks) soft approach is equally, if not more deadly. This will inevitably drive desperate one to do the unthinkable, sigh! Naive enough to trust a friend of mine, I agreed to stand as his guarantor for a S$40,000 loan taken with a co-operative in 1999. This friend used to work for a catering ...