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We'll soon meet in your inbox. Please wait... Little did she know she would have hell to pay for choosing such a convenient lender. It was all good as long as she paid her dues on time. “Because of some issues with the bank”, she missed one cycle. Anitha was willing to even pay a late fee. Before she could put that in motion, she started getting phone calls and WhatsApp messages from recovery agents. The calls became progressively more menacing and insulting. “They started becoming abusive. It was 2-3 weeks of constant harassment. I was nearly suicidal, ” she recalls.

Crackdown on illegal instant loan apps; 17 arrested from Delhi, Gurgaon, Hyderabad Based on complaints, the Hyderabad and Cyberabad police have registered 16 and 7 cases, respectively, against such companies. December 23, 2020 10:30:06 am The Cyberabad police registered a case under sections 420 (cheating), 506 (criminal intimidation) of IPC and also invoked section 66 of the IT Act, section 3, 10, and 13(1) of the Telangana Money Lenders Act and started an investigation. Cracking down on illegal app-based instant microloan lending companies, Hyderabad poli...