other sour situation where you find yourself tricked out of your hard-earned cash—unfortunately, bad loans, scams, and other unsavory transactions happen all the time.

Crime rates in Singapore rose last year, mostly due to an exponential increase in scams. Each year, Singaporeans lose millions of dollars to dishonest businesses and individuals, and scammers are getting cleverer. If you’ve been a victim yourself, you’re far from alone!

When you’re having a problem related to money, your first instinct may be to contact your bank—they’re the backbone of the financial institution, after all! Or, if you’ve been scammed via a purchase through a site like eBay, or if you paid for a purchase via PayPal, perhaps you’ll be tempted to contact those companies.

Unfortunately, this may not yield the best results. Even if these companies do respond to your initial concerns and assure you that they have plans to investigate the problem, don’t expect much. Numerous accounts exist of frustrated individuals who approach online retailer hosts (like eBay or AliExpress) only to receive apathetic responses or inconsistent communication.

Unfortunately, bank employees may not be any more helpful. Some people are successful retrieving their funds through these sources, but what happens when your initial contact yields no results or if your situation is out of your bank’s hands?

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