The Covid-19 pandemic led to severe layoffs and salary cuts, which led a number of Indians into financial instability. This spurred people to resort to instant personal loan applications on app stores that help borrow money with minimal background checks.
Soon, some of these borrowers started receiving threatening calls and messages from recovery agents. These agents were hired by instant loan apps with dubious backgrounds.
BQ Prime takes a deep dive into the dark world of these fraudulent instant lending apps. Watch the video to find out more.
