Taking advantage of people’s fear of being hounded for debt and inability to repay, these individuals advertise services like “app processing” and “debt blocking,” which pose a risk of borrowers losing more money, having their personal information leaked, or even being drawn into illegal activities.
From sharing experiences of “defaulting on debt” to the risk of committing crimes.
Simply searching for the phrase “how to avoid paying via app” on social media will reveal numerous public or private groups attracting large numbers of members. These groups include not only those genuinely unable to repay, but also some who see it as a way to make money, exploiting the simple online lending process to borrow money and then trying to evade…