Loan from remittance firm traps maid in web of debt

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.
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.

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A version of this article appeared in the print edition of The Straits Times on June 12, 2019, with the headline 'Loan from remittance firm traps maid in web of debt'. Subscribe