Man who used old address to take loans fined by court after new flat owner gets letters of demand

After he moved out, he continued to take another 10 loans from licensed moneylenders using the Toa Payoh address in January and February 2025.

This was despite knowing that reminder letters would be sent to the address if he could not pay up.

When Low defaulted on his debt repayments, the licensed moneylenders sent letters of demand to the Toa Payoh flat.

The new owner of the flat lodged a police report in March 2025 saying she had been receiving many of Low’s letters, even after being registered as the new owner. This included letters of demand from credit companies.

Low was later referred to the Immigration and Checkpoints Authority’s (ICA’s) investigation branch.

The ICA prosecutor sought a fine of S$2,000 saying Low’s actions resulted in inconvenience to the new owner.

He had dishonestly used his old address to secure multiple loans, about six to seven months after selling the flat.

“The Act is precisely in place to stem such conduct,” he said.

Low was unrepresented. In mitigation, he apologised to the judge. 

He said: “I know I did the wrong things, but at that point in time I was unemployed so I wasn’t in the correct frame of mind. I know that’s not the correct excuse and I will bear all the consequences meted out to me.”

For failing to report his change of residence within 28 days, Low could have been jailed for up to five years, fined up to S$5,000, or both.