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Loan from remittance firm traps maid in web of debt
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Toast Me, a remittance firm in Lucky Plaza, is said to have offered a Philippine maid a "cash advance", albeit with a hefty 10 per cent interest. These firms are not licensed moneylenders under the oversight of the Registry of Moneylenders.
ST FILE PHOTO
When Sharon (not her real name) arrived to work as a maid in Singapore last November, she was told that she would not be getting any salary for six months.
Her wages would be used instead to repay her employer, who had helped to foot her agent's fee.
