What does a recovery agent do?
What does a recovery agent do? Recently, many debt collection agencies have harassed people in order to collect on their unpaid debts. As a result, majority of people have been affected by mental illness, and some have even committed suicide due to pressure. What does a recovery agent do? A majority of people receive threatening […]
RBI have imposed strict norms on harassment for debts by recovery agents
A number of recent illegal harassment for debts practices have come to the news and are spreading like wildfire. Thus, many people are facing miserable lives by going into severe depression or by committing suicide. This matter has been deemed as a serious matter by the Reserve Bank of India (RBI). This is because people […]
Vishing calls- How do Indians deal with spam calls?
Vishing calls- How Indian deals with spam calls Over the last decade, smartphones have become an extension of the physical body. The convenience of getting a service delivered with a few simple taps on the screen makes it appealing even for naive users to fully adopt the digital lifestyle, enabling them to become cashless. UPI […]
Indians facing extortion and data misuse in droves by illegal loan lenders!
Indians facing extortion and data misuse in droves by illegal loan lenders! Indians are more likely to adapt things that are readily available. We understand the need for money when consumers are stuck in a huge façade of financial crisis. Instant money, or as we like to call it, ‘LOAN SHARKS,’ is a way of […]
Loan app scam: New way to fool people this festivities
With the upcoming celebration of Ganesh Chaturthi in Mumbai and other parts of the country, it is getting excited and thrilled. However, there is still a haunt of loan app scam fooling people into taking loans from illegal apps for the celebration of Ganesh Chaturthi. Recently, a news story was highlighted like any other. A […]
Illegal loan apps rackets: Mumbai police seized 211 SIM cards & 39 phones
Recently, it has come to light that many illegal loan apps are operating too many cyber rackets and fooling people by giving them high value instant loans. As a result, they are being harassed by these criminals for the repayment of loan with heavy interest rates. Mumbai police busted an illegal loan app racket recently, […]
Illegal loan apps lending are blamed for suicides in India
During the COVID19 pandemic, the digital revolution in India led to the emergence of financial requirements which increased the demand for loans. With an increase in lending money from illegal loan apps to gullible people, there have been some serious matters, such as suicides and even job losses due to illegal loan apps harassment. Recently, […]
Illegal loan app goons making harassment calls
As people struggled to make their ends meet during the COVID pandemic, an army of illegal loan app by emerged under the grab of mobile apps. They attract people with their USP: Instant loan. But It turned out to be the beginning of hell to the borrowers, who are impact to harassment in countless ways […]
How loan recovery agent harassment tactics works?
The purpose of this article is to help you understand how loan recovery agent harassment works! It describes the adaptation of harassment by recovery agents to collect payments owed by debtors and how to handle such harassment. Recovery agents are the people hired by a bank or other financial institution in order to collect the […]
Illegal loan lenders are back in the digital frauds
Instant loan providers are thriving in the presence of the digital frauds. They are luring gullible people looking for easy loans by harassing them later, using recovery agents, and sometimes even leading them to experience mental illness or suicide. Let’s have a look at how these sharks bit people in portion by tempting them to […]
