Covid-stricken businesses have led owners to deal with loan sharks for assistance as their debts pile up, ultimately running out of capital. First, we find out more about this issue and how prevalent it is. Then, we talk about the laws that govern moneylending and what else we need. Finally, we get advice for how to handle and manage debt and loans.

Image Source: Zai Di, Shutterstock

Produced by: Tasha Fusil, Loo Juosie, Alia Zefri

Presented by: Lee Chwi Lynn

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  Personal Finance,  Investments,  Financial Literacy,  Young Finance,  Politics,  Social Issues

Tags:  Evening Edition,  Inside Story,  Loan Sharks,  Debt,  Money,  Financial,  Businesses,