End the 1% Loan Trap: Stop Harassment & Exploitation by Payday Apps

Ankit Malvia

RBI needs to work seriously on approving these fake NBFC's who are just looting the nation with their black money.

harshal vora

This loans always cause mental stress and some guys have to commit suicide because of it

Narayan Bajaj

I am suffering from most of these loans app trap as they offered me money when i was not eligible from cibil way and then started harassment and pressuring of interest and penalty as now I am unable to repay. Now I think if this loans were not available for such quick access without proper guidelines of RBI, then I would not have fallen in trap where I am currently. I think many people's life will be saved as their harassment and trap is very dangerous as many of the lenders are interconnected

Emanuel Kumar

I'm a victim of these pay day loans

Keerthi T. Harish

Yes this has to be banned

Santhosh

Harrasment I can't even tolerate

Prasad Vispute

Asking me to pay double amount ie: 55000

Sumit Kumar

I want to file a complaint against such companies and their recovery agent who openly violates rbi norms and they think that they are above law. We should stop paying them. As technically if you would have taken loan from them atleast 3 times you would had paid them interest much more than principal amount.

DhaneshHREXECUTIVE 123

Harrasment at its peak

Piyush Kumar

I'm also stuck in their debt trap and had to resort to legal methods but still they threaten to contact employer and family, friends, colleagues, harras and use abusive languages.

ram Chandran

I am stuck also , i already atempted suicide due to this harrasment lost 1cr in 2 years and finally i decided to exit this loop, now getting harassed , and i have a fear of public shaming anf losing job while i want to settle , but the volume of calls and messages is scary

Nagabhushan Adiga

Im struggling with pay day loans

Sachin Virat

Ban loan apps

Keerthi Bhosle

Taking 1% per day is equally to attempt suicide

Uddipta Bhowmick

This destroys mental peace and finances and also the ROI is illegal.

Hiran Nair

100% Supporting this. Been facing this issue like a lot to the point where I'm mentally frustrated with these harassments

Mukesh Gore

To stop payday loans to harrass people

Srivatsa Iyengar

I've been through the harassment and shaming in front of parents, colleagues and friends

Mohith Nayak

I have been stuck in this loop for 2 years these guys wont even understand the situation, its a trap and if you check the loan app names most of their parent companies are same, what is RBI is doing and 90% of these operate in NCR only, what finance minister is doing..

Sam K

I literally screwed up my lufe by falling for these predators. They are all one. They are forcing us take one more loan to payback exiating, thia will be a never ending cycle. People should die that will be the only way to come out os this. Now a days for 2 days delay they are sending mails directly to company HR and CEO, peoplw looaing jobs and families are committing sucides because of these predators. I dont know what else Indians should witness in their future.