BEWARE: Online Lending App

@Shavkat (141906)
Philippines
September 3, 2020 12:19am CST
I heard the news that some people were victimized by a lending app or apps from the Play Store. The scheme is to let the person register and allow the app to get all the personal information before they will lend him or her money online. Once it was done and requested the money, they will send the money but it is not fully given. It is only 4% of the total requested money. The rule of thumb is to pay the debt of money for 7 days. If the person cannot pay with the given period. They will threaten him or her using social media. I tried to check the Play Store, but I cannot pinpoint which one of them. It was not broadcasted from the local news about it. Have you encountered this lending app? What will you do if being threatened by these scammers? Image Credit: howtogeek.com
9 people like this
9 responses
Kokil agarwal
@amitkokiladitya (171988)
• Agra, India
3 Sep 20
I did not know there was anything like this. They must be charging some interest on the amount they are giving
2 people like this
Shavkat
@Shavkat (141906)
• Philippines
3 Sep 20
I think they are blackmailing the victims. At some point, they are threatening to be killed.
1 person likes this
Kokil agarwal
@amitkokiladitya (171988)
• Agra, India
5 Sep 20
@Shavkat that is insane...and such applications should be banned.
1 person likes this
Shavkat
@Shavkat (141906)
• Philippines
5 Sep 20
@amitkokiladitya I hope the local government agency will catch them soon and stop them from doing this.
1 person likes this
Miss S
@Moon24 (22394)
• Serbia
3 Sep 20
After i used some scam apps i search for any new app.
1 person likes this
Shavkat
@Shavkat (141906)
• Philippines
3 Sep 20
I guess it is better to search more about the apps if they are legit or not.
1 person likes this
Shavkat
@Shavkat (141906)
• Philippines
3 Sep 20
@Moon24 I think there are only a few legit ones. I am using two of them.
1 person likes this
Miss S
@Moon24 (22394)
• Serbia
3 Sep 20
@Shavkat i agree. There is no new legit apps.
1 person likes this
lady Di
@lady1993 (27221)
• Philippines
3 Sep 20
that's really scary, that's why i am hesitant to borrow money anywhere - especially from an application. I hope someone reports that application.
1 person likes this
lady Di
@lady1993 (27221)
• Philippines
4 Sep 20
@Shavkat that's great to hear. But knowing our justice system.. it may take a long while for justice to be served and they may even get a lighter sentence.
Shavkat
@Shavkat (141906)
• Philippines
3 Sep 20
It was being reported to the National Privacy Commission now. They are filing a formal case to this app's owner and staff. I heard they will be imprisoned for at least 6 years.
1 person likes this
LK2018
@Letranknight2015 (52665)
• Philippines
3 Sep 20
I watch it before but maybe it was a different lending app. They got arrested along with a chinese owner. Shame on them.
1 person likes this
Shavkat
@Shavkat (141906)
• Philippines
3 Sep 20
I hope they will be punished big time. I do not have the name of the mobile app. Hopefully, they will broadcast what the app is it.
@acelawrites
@acelawrites (19272)
• Philippines
3 Sep 20
I heard such lending scam in a TV news program so many months ago.It is hard to give personal info.online.
1 person likes this
Shavkat
@Shavkat (141906)
• Philippines
3 Sep 20
I agree. We really need to be vigilant. Not only mobile apps, but the scammers are also religiously sending malicious links on emails. I must admit that I was a victim of Pay Maya user in the past.
PsalmOneCares
@everwonderwhy (7355)
•
3 Sep 20
Nope. I've cut up and buried my VISA credit card 4 years ago. The lesson is, never go into debt.
1 person likes this
Shavkat
@Shavkat (141906)
• Philippines
3 Sep 20
I never had any credit cards. I have the same reason and that is, I do not want to be buried in debts.
rsa101
@rsa101 (40952)
• Philippines
4 Sep 20
Yeah that’s the risk when you go into thia kinds of app since you allow the to get access to your personal info when you download and register to get a loan from them. l still think that you get funds from legit lending companies than through here where they can harass you when you defaulted to pay them on time. At least those legit ones will try to perform their best to let you pay and give you ample time before harassing you with legalities they can do to impel you to pay them.
Simone
@Janet357 (75638)
•
3 Sep 20
my teachers borrowed money from them and they contacted all their friends and relatives telling them about their debts.
1 person likes this
Shavkat
@Shavkat (141906)
• Philippines
3 Sep 20
I hope I am not going to fall into this kind of situation. I also heard that the victims are experiencing this now. Some of them were being threatened to die because they knew where they are living at present.
Fat Oreo
@fluffy69 (4955)
•
3 Sep 20
This is alarming i heard and watch about it, thanks for sharing
1 person likes this
Shavkat
@Shavkat (141906)
• Philippines
3 Sep 20
There are really scammers and trying to get something to people. I cannot blame these people who indulge in this scheme because they need money, too.