Kategorie-Archiv: Washington Online Payday Loan

Know your legal rights to battle recovery bullies unleashed by fintech lenders

Once you borrow, you’ve got to repay. But lenders cannot humiliate both you and use methods that are aggressive recovery

A self-employed professional from Kolkata, was stunned to receive a message from WifiCash, an app-based lending platform run by a non-banking financial company (NBFC) Chadha Finance in mid-April, Vikas Sharma. Aside from threatening to declare Vikas a fraudster, the message additionally warned him that the authorities compliant is filed and a legal notice will be granted he alleges against him. Why this hostility? Because Vikas had taken a loan that is short-term of 11,500 for his business from WifiCash within the thirty days of March before the lockdown was established. As company ground up to a halt, he couldn’t repay this loan because of the April 3 due date. Weiterlesen

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