Loan apps pushing people into debt traps, suicides

The lockdown had left P Sunil devastated. The 28-year-old in Telangana lost his job, took a loan and fell into a debt trap. To repay this, he took loans from different apps offering quick loans. Soon, recovery agents were after him, sending messages and calling everyone on his call list. Humiliated, Sunil died by suicide last week.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3azCeXs
via IFTTT