Make no mistake, the cheques are not specimens; they are real. They come with the banks' authorised signatures. I was really tempted to bank them into my account until I read the accompanying letter properly:
"Transfer your outstanding balances... to us... or get cash drawn... at this special rate of 2.88% p.a. for 6 months by banking in the cheques into your non-UOB account... The prevailing interest rate will apply thereafter."Phew, lucky thing I know English... and a bit of Maths. ;)
With such easy credit available, it is little wonder why the number of bankruptcy cases is rising in Singapore.