How App-based Loan Sharks Lay Death-traps For Borrowers
How app-based loan sharks lay death-traps for borrowers Illegal app-based financiers are thriving across the country. These moneylenders target younger customers who look for quick loans for consumption purposes. On default, the harassment begins. December 23, 2020 / 04:21 PM IST It was a shocker for Rajiv, a 25-year-old engineering student in Chennai, when he received back-to-back calls from family members and friends last month seeking details of his loan default and offering monetary assistance to come out of the debt-trap. Rajiv had drawn a Rs 50,000 loan from one of the digital lendin...
Source: moneycontrol.com