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 […]
The Chinese loan lending app: defrauding borrower’s financial data?
Nowadays it is becoming big news and the official authority is concerned about the loot that is happening due to illegal loan apps. An alarm of awareness is raised by the authorities about illegal loan lending apps, which are fake lending apps and can make you lose a lot of money. Need of money and […]
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 […]
E-commerce frauds in India
Over the past few years, the entire world was under lockdown due to the pandemic. Digitalization boomed due to lack of mobility and the restriction imposed by the official authorities on not leaving the house for any reason. It changed the entire mindset, and a new digital world with a rise in e-commerce frauds in […]
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 […]
Blackmail by loan application is rising in Mumbai
Blackmail by loan application is rising in Mumbai Just in the past few days, many cases of illegal loan apps of harassing people to recover their loans have come to light. The article speaks about a 32-year man residing in Malad, Mumbai who took his life after he was tortured by recovery agents. They shared […]
