The Telangana Police Department has requested that Google delete 158 unlawful lending apps from the Google Play Store. This is due to the fact that these programmes harass defaulters.
Apparently, these applications have been using some unbelievably harsh loan collection practises, which have led to people committing suicide as a result of their inability to pay their loans on time.
Telangana Police Ask Google To Remove 116 Apps For Using Aggressive Loan Recovery Methods
Several complaints have been filed against loan fast loan app personnel for harassing their consumers who have borrowed money from them. Suicides have also been reported as a result of collection agencies contacting borrowers' relatives and friends after they defaulted on loans.
While these apps have made it simple for people to borrow money, their debt recovery practises have led to a number of suicides in India. According to reports, at least five people have committed suicide as a result of the loan recovery procedures used by these apps.
Hyderabad police have previously detained 14 persons in connection with similar instances in the city, and Google has been instructed to remove 42 apps that offer online money lending services. The Cyberabad police have sent a list of 116 apps that they have requested be removed from the Google Play Store.
Lending Apps Training Teams To Use Brutal Intimidation Tactics While Asking For Loan Repayment
Furthermore, the Cyberabad police have claimed that these apps are teaching their employees how to use intimidating tactics when contacting clients to ask them to return their debts.
Google has taken down five digital lending apps from the Play Store that lent money for a short period of time at excessive interest rates, harassed users, and pretended to be approved lenders. OkCash, Go Cash, Flip Cash, ECash, and SnapIt Loan are among these apps.
Individuals have been unable to repay their loans due to the epidemic, the imposed lockdown, and people losing their employment as a result.
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