Why Payday loan Apps don't agree for settlement or Part-payment option which would allow to get their money back easily and customer will also put efforts to clear the payments ?????
Instead they resort to illegal, unethical and filthy Recovery Process.
@aarushisharmaX Actually it's a trap. I don't know how they giving loan without checking repayment capacity of a borrower. Struggling a lot to come out from this. Huge harrasment
Suicide is NOT the way out.
Banks & NBFCs — BEWARE.
It is heartbreaking to see people pushed to suicide because of recovery agents’ harassment. Mental torture, threats, public humiliation… enough is enough.
Maharashtra Deputy CM **Eknath Shinde** has finally given a strict warning: Anyone (banks, NBFCs, microfinance companies or private lenders) harassing will face criminal action. No mercy.
Hope this message reaches every official and is implemented strictly.
We may not know these people personally, yet it still hurts deeply. Imagine the lifelong pain for their families, children and friends.
Don’t suffer in silence. Speak up. Tell your friends, neighbours, local leaders, political parties — **every single life is important**.
Tag the banks and NBFCs that still allow such harassment. Make them accountable.
Credits & full news:
https://t.co/N6KKYd4PtY
#StopRecoveryHarassment #EveryLifeMatters #EknathShinde #BanksBeware #NBFC #FarmersFirst #LoanAppAtyachar
माननीय @RBI ,@RBIsays🙏
जब RBI ने फाइनेंस सेक्टर के लिए नियम बनाए हैं, तो उन नियमों का पालन न करने वाली फाइनेंस कंपनियों पर कार्रवाई क्यों नहीं होती?
क्या RBI के नियम सिर्फ कागजों तक सीमित हैं? 😡
क्या आर्थिक परेशानी से जूझ रहे डिफॉल्टरों की शिकायतें महत्वपूर्ण नहीं हैं? ट्विटर पर बार-बार शिकायत करने के बावजूद RBI संज्ञान लेकर जांच क्यों नहीं करता और दोषी कंपनियों के खिलाफ कार्रवाई क्यों नहीं करता?
नियम सबके लिए समान होने चाहिए—फाइनेंस कंपनियों के लिए भी और ग्राहकों के लिए भी!
RBI जवाब दे और शिकायतों पर निष्पक्ष जांच सुनिश्चित करे।
@FinMinIndia@PMOIndia@jagograhakjago
#RBI #FinanceCompanies #ConsumerRights #LoanApp @PaywithRing@Kissht_EMI
Festive season approaching — don’t get tempted by “instant loans” just because Diwali shopping or gifts feel urgent.
Those unregulated loan apps are traps. They grab your contacts, morph photos, bombard family/colleagues/office groups with threats and abuse, and escalate tiny amounts into crushing debt. Even government officials and bankers have faced this harassment:
Telangana agriculture extension officer (2020) — 55 apps, severe defamation and threats, ended her life.
Andhra Pradesh govt staff (2023 reports) — unions flagged suicides linked to such apps amid salary delays, including a DRDA employee in Anantapur.
Bengaluru cooperative bank employee (2022) — listed ~40 apps in his note before dying by suicide after recovery harassment.
Thousands of complaints have been filed nationwide; recovery tactics remain illegal and unchecked in many cases. This is not “collection” — it is criminal intimidation and abetment.
We demand immediate, strict action from government, RBI, and law enforcement: permanent ban on illegal apps, swift prosecution of operators and recovery agents, data protection, and clear helplines.
Tag and push @RBI@FinMinIndia@HMOIndia @cybercrimeGOI.
Fatake kum jalao chalega… inke jhaanse me nahi aana.
Share widely. Protect yourself and others.
🚨 THE LENDING PLATFORMS NAMED BY THE BORROWER
FastPaisa, SnapPaisa, SalarySetu, F1SpeedLoan, FundsBaba, FundsBull, TejasLoan, Toofan Loan and Paisa on Salary.
The borrower alleges extremely high borrowing costs, short repayment windows and distressing recovery practices.
We are seeking clarification from these platforms. Their individual lending terms, regulatory status and alleged conduct have not yet been independently verified.
@RBI@FinMinIndia — please examine these complaints and identify the regulated lenders, if any, operating behind these platforms.
Who is responsible when borrowers become trapped in repeated high-cost loans?
#LoanAppAtyachar
🚨 INDIA’S PAYDAY LOAN TRAP: ₹1.10 LAKH MONTHLY SALARY, YET DROWNING IN DEBT!
A 40-year-old salaried professional contacted us with a very disturbing account.
He earns ₹1.10 lakh a month. Yet within just SIX MONTHS, he says he accumulated approximately ₹14 lakh in payday loans.
How?
He alleges that some payday loan lenders (basically apps) charge 1% interest PER DAY — equivalent to 365% annually on a simple-interest basis while demanding repayment within 30 days.
He says repayment dates sometimes fall just before his salary arrives.
Unable to clear the entire amount, he takes another loan to repay the previous one.
BORROW → REPAY → BORROW AGAIN → SINK DEEPER.
He says banks have rejected his applications for a longer-term consolidation loan, leaving him struggling to escape the cycle.
What disturbed me most was his description of the emotional toll. He says six months ago he was living happily with his family. Today, he is struggling with severe financial stress and losing hope.
This is not merely a story about debt. It is a warning about how short-tenure, high-cost lending can devastate financial stability.
@RBI@FinMinIndia serious questions demand answers:
Are these lending arrangements compliant with applicable RBI rules?
Are borrowers receiving transparent disclosures of the annualised cost of credit?
Who is monitoring complaints of coercive recovery and misuse of borrowers’ personal data?
What effective remedies exist for people trapped in repeated loan rollovers?
A stable salary should not become a gateway to financial ruin.
The borrower has requested anonymity, which we are respecting.
#LoanAppAtyachar #PaydayLoanTrap #BorrowerRights
@PMOIndia@PMOIndia@narendramodi what about your RBI scheme of giving NBFCs to charge 1% everyday and harassing people, abusive females, and character assassination by just getting RBI licence.. who's responsible for this all..why police is not doing anything
@Rashmikafanclu@RBI@DCCyberKP@PMOIndia I knw , dont pay them if you have taken loan in 2 months you pay more than 60% .. so just give them back we have to fight our own batlle
@Rashmikafanclu@RBI@DCCyberKP@PMOIndia@RBI this lady from everyday loan India who doesnt divulge her name has send mail to HR for non payment though i dont care abt their mail but this is illegal recovery and needs to be stopped .. how can someone demand payment without even sharing name and emp
@vikramlearns
🚨 **STOP THE PAYDAY LOAN CYCLE! SAY NO TO LOAN ROTATIONS!** 🚨
Taking a new loan to repay an old one may seem like a solution, but high interest and repeated borrowing can multiply your financial obligations and trap you in a never-ending debt cycle.
❌ Stop loan rotations immediately.
✅ Explore safer alternative options.
🤝 Seek help without risking your financial future.
You don’t have to face this struggle alone. Ask for help, explore realistic solutions, and take a step towards financial freedom.
**SAY NO TO LOANS. SAY YES TO A DEBT-FREE FUTURE!**
— **SUJOY PARUI**