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Inside the global world of Shady Digital Lending Apps

Inside the global world of Shady Digital Lending Apps

Final August, Anitha (name changed to protect identification) required some cash urgently. The lockdown ended up being a challenging duration when it comes to Hyderabad-based media expert, particularly regarding the economic front side. Even while she approached formal loan providers for the unsecured loan, some doom scrolling on her smartphone triggered a blaze of ads with a single promise — that of an immediate loan.

“They appeared to be a saviour if you ask me at that stage of my entire life,” she says on the phone. “I straight away took one of these brilliant loans.” The method had been quick and simple. Continue reading