Finance industry executive Joyce Tan learnt an early lesson in money management the hard way when loan sharks splashed “O$P$” – it means owe money pay money – on a wall outside her parents’ one-room HDB rental flat one morning.

She was a primary school pupil back then and had no clue what those letters meant, but she remembered the anxiety on her mother’s face as she rushed to paint over the scrawls. Ms Tan’s father, a renovation contractor, had borrowed money from loan sharks and had difficulty repaying the debt.

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