Thousands of individuals in Bengaluru are ripped off every day by instant lending applications, which offer money in a flash with no paperwork. They are primarily Chinese in origin and are run with the assistance of Indian call centres and thug recovery agents.
"The eight cyber crime police stations in Bengaluru receive calls on a regular basis regarding loan app fraudsters making threatening phone calls and dispatching recovery agents. People, on the other hand, are hesitant to file a complaint. "However, they should come forward without fear," a Criminal Investigation Department officer told Metrolife.
Many programmes steal data in order to blackmail users. They gain access to WhatsApp chats, contacts, bank account information, and other sensitive information and exploit it for extortion and fraud.
"The interest rate is brutal," a senior officer says. He claims that if the borrower is a woman, the threats range from rape to photos being posted on porn sites.
Data theft
"The eight cyber crime police stations in Bengaluru receive calls on a regular basis regarding loan app fraudsters making threatening phone calls and dispatching recovery agents. People, on the other hand, are hesitant to file a complaint. "However, they should come forward without fear," a Criminal Investigation Department officer told Metrolife.
Many programmes steal data in order to blackmail users. They gain access to WhatsApp chats, contacts, bank account information, and other sensitive information and exploit it for extortion and fraud.
"The interest rate is brutal," a senior officer says. He claims that if the borrower is a woman, the threats range from rape to photos being posted on porn sites.
Conclusion
There's no need to be discouraged if your personal loan application is turned down. To boost your chances of loan approval, simply work on improving your credit report and following the methods outlined above. Once you've completed this checklist, you're ready to submit your personal loan application.To find about the best pricing and deals, call our toll-free number +91-9477079053. They'll help you in every way they can. Please contact me at Instant Loan if you have any more.