Unlicensed Digital Lenders: Why Borrowing via Social Media Is Dangerous
If you’ve ever seen ads on Facebook, WhatsApp, or Instagram promising “instant loan approval, no documents needed”, you’re not alone. Many Malaysians fall into the trap of borrowing from unlicensed digital lenders operating through social media. While these offers sound convenient, they are illegal, unregulated, and dangerous. Let’s break down why you should never borrow […]