Call for help The Labor NewspaperMr. NHC (living in Buon Ma Thuot city, Dak Lak province) said that his whole family is being “terrorized” by debt collection after he borrowed money from online loan applications.
Accordingly, there are many subjects who constantly call and text him, threatening to collect debts, affecting his work and the lives of his family members.
“Because I needed money urgently because my family had a sick patient, I was introduced and accessed the website vtvay.com, inside there were about a dozen different online loan apps named tomhungxanh, app hero, new app, double loan.. Borrowing 10 million dong will pay a total of 15 million dong, including service interest within 5 days from the date of borrowing,” said Mr. NHC.
Penalty fee is 10%/day of the total amount owed if the borrower does not pay on time
Calculated, Mr. NHC has to pay 1 million VND of interest/day, equivalent to 10%/day, 300%/month and equivalent to 3,600%/year.
According to Mr. C., on the website vtvay.com, there is only information about the quick loan app with the highest limit of 10 million VND, there is no information about which company this app is introduced, where it comes from, who is it. is the owner of the app… Borrowers in need will enter the phone number and verification code sent to them to start the loan registration steps. Lenders only contact borrowers via Zalo messages and provide bank account numbers for borrowers to transfer money.
According to the introduction on this website, the loan limit is from 2 to 10 million VND, the interest rate is 1.6%/month, the highest is 19.2%/year. However, the information that Mr. NHC provided, in addition to the interest rate of up to 10%/day, in the debt collection messages sent, the staff of the apps stated “overdue fine by 10% a day” on the total amount. remaining outstanding balance.
Borrowers via the online app will have to provide phone contacts, messages and even location sharing…
“This penalty fee makes me more indebted. The more I pay, the more I owe. Being strict, even threatening, “terrorizes” my family and relatives’ workplace. And yet, they continue to introduce me to a loan. another app to repay the old debt. So far, I have borrowed about 350 million VND but have actually paid up to 800 million VND but still haven’t paid off the debt, “- Mr. NHC said and said he was very panic.
Also according to Mr. C.’s call for help, employees of online apps have been constantly calling to “terrorize” his relatives, affecting his family’s morale, work, and reputation. He has reported it to the police and is waiting for a response.
Notably, in the notices on these loan apps sent to customers, it is clearly stated: “products in the application work independently, where you can borrow and pay there, other products do not have the right to support . Grant permission to share location, grant access to the list, grant permission to read messages, force click (agree)… if you want to be disbursed”. Thus, when a customer agrees to borrow, it is obvious that all contact information and messages of relatives will also have to be provided, causing relatives to be “terrorist” debt collection.
This is not an isolated case, in the past time, many people have been involved in online lending apps and have been asked for “terrorist” debt, “earning profits for children”, having to sell their houses, quit their jobs or leave the country to avoid debt. .
In addition to warning and recommending to limit borrowing money through online apps, economic experts suggested that regulators could publish a list of apps belonging to legally licensed companies. This can be a temporary solution while waiting for a specific legal framework and sanctions for online loan applications.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here