Haunted by debt, online lending app victims fight financial nightmare
Online lending apps trap borrowers in a cycle of debt. Victims have formed a support group to combat abusive debt collection tactics.
Source: rappler.com
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Dummy directors, identical websites, lucrative rewards: The making of a Chinese betting shark
Dummy directors, identical websites, lucrative rewards: The making of a Chinese betting shark Dummy directors, identical websites, lucrative rewards: The making of a Chinese betting shark Investigators reveal that upon downloading these loan apps and applying for a loan, the phone numbers of the borrowers/customers and their family members are instantly shared by the lending firm to their tele-callers and loan agents. Defaulters are threatened with messages containing fake FIR case numbers. advertisement UPDATED: January 15, 2021 12:40 IST Hundreds of complaints and several suicides have forc...
Source: indiatoday.in