An instant loan app can seem like an easy solution when you urgently need money. But not every lending app is legitimate. Some unauthorised loan apps may collect excessive personal information, impose unclear charges and use aggressive recovery practices. The…
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…
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…
Digital loans can provide quick access to money, but borrowing through an unauthorised app can expose you to harassment, misuse of personal data and coercive recovery tactics. RBI has strengthened safeguards around digital lending, including borrower-data protection and recovery practices.…
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…
“How Bad Is Credit Card Debt?” – A question everyone has been researching. A credit card is a useful tool for managing your money in times of need. You can use it to get access to money, buy things, and…
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…
With financial discipline, you can achieve big goals faster than with a one-off savings plan. If you stick to a budget and skip the necessities like your morning latte or an expensive new pair of running shoes, you can achieve…
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…
