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A comment on Regulators Shut Down Lending Platform (YC Alum) LendUp. Parent comment

Re:Regulators Shut Down Lending Platform (YC Alum) LendUp by heartbeats on Wednesday December 22, 2021 @10:06PM (#29658210)
Illegal loans are harder to collect on. Sure, you have mob tactics, but there's a limit on how far it can go.
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Re:Regulators Shut Down Lending Platform (YC Alum) LendUp by refurb on Thursday December 23, 2021 @01:10AM (#29659155)
You’d be surprised. Singapore has a massive problem with illegal loans. And that’s a country with a pretty strict police force.
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