With the current economic situation, I believe more and more people are looking for the easiest and fastest way to get a loan in order to cover their monthly expenses. Some may need it for personal reason but in most cases, the small business owner needs instant cash to cover their working capital or losses.
Although there are many options such as bank and other legal financial institutions, the real reasons why people opted to get loan from ‘Ah Long’ are due to the strict policy implemented by the bank itself that turned people off and the application often takes too long to process. For those of you who unfamiliar with the term ‘Ah Long’, it is actually a person or body that offers unsecured loans at high interest rates to individuals, often backed by blackmail or threats of violence.
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The good news is I have found an alternative to these problems. There is a company called Easy Online Payday Loan that provides a person with cash in advance. You don’t need to have guarantor in order to apply. All you need to do is fill out the online form and just wait for the money to come in. Normally, after you application approved, it only going to take a day to process everything.
Unfortunately for us in Malaysia, they only offer the service to a citizen of the United States. That mean, Malaysians are still unable to use easy payday loan at the moment but I’m sure it will be available in the near future. I really think that Malaysians need this kind of service in order to keep Ah Long at bay.