Inflation is hitting hard.It is the main problem which is echoing so loudly. Amidst of Inflation people found themselves and penniless. Moreover, daily wages are still fluctuating in the narrow range. It is the duty of business owners that they should give proper salary or wages to their employees.
It's not a new thing that my country is suffering and passing from a difficult situation. These circumstances are simply because of internal corruption and poor politics. Well, my topic is loan application. I was just linking loan application with inflation.
No one wants to get loan as loan is like a bone in the neck which always remain stuck in the neck of the person who has taken loan. It is universally acknowledged that no one wish from heart to take knowledge. The people who spread their hands to take loan are actually coerced by the outcome of situations. Once anyone took loan he became subordinate and then he consumed his thoughts and energy to return the money of loan.
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Situation becomes even worse when anyone has take loan at interest rate. Because at return he/she has to return extra amount.
Internet has sum up everything in it. Technology is revolutionizing with each coming day. With the passage of time we don't have need to go to banks for transactions and for loan applications. Because now internet facilities us almost in every field of life. But it doesn't mean that everything which is being shown on internet is real and legit. With dozen of real things there are piles of scammers.
From last couple of months, Loan applications are making headlines in my country.Few Loan applications are involved in the scamming. They are employed in unethical tactics. These loan application got access to private data of individual who has taken loan from them and later on they start blackmailing them by invading their personal lives. Isn't it shocking and alarming for all of us?
A person who was from Rawalpindi with 42 years old took loan of 13000 ruppee. According to his members of family, he took loan because of raising inflation. Moreover, he also had lost his job. As he had the burden of his family that's why he took step to borrow money from application. Days gone and the amount of loan reached to almost one lakh. He was receiving threats. To get rid of all these threats he took another loan from a different app, So that he can pay previous loan's amount. But in just one or two month, Amount reached to 700000 (7 lakh) ruppee. Later on, He thought that he should sell his home to pay the amount of loan. To stop him from selling home her wife stood up and she dennied to sell home. As he found himself in a vicious circle, neither he could not endure blackmailing of the loan application nor his family was supporting him in selling home. At last, he decided to say good bye to this material world.
After his death, His brother went to Police and he registered complaint against these loan applications.
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In reaction, Islamabad police with the help of Federal investigation authority for cybercrime took strict action to stop their unethical activities. In this strict action Cybercrime authority has blocked above 40 such applications which are illicit. In addition to it, Pakistan Telecommunication authority has requested people to report any kind of loan application which is involved in such activities. It is pertinent to note that out of big mass of loan applications there are just two applications which are authorized and being monitored by related authorities.
Everyone should be aware of these loan applications. We can say that these kind of applications are actually shark of crimes. Behind these loan applications there are big crime master who first trap innocent people who are already in the cage of inflation. Then they blackmail them and get profit.
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I want to add one thing more here and that is ad campaigns of these applications. They have such strong ad campaign that on every site wether it's big one or lower they have access. In this way they put this "loan" word in the mind of people. In last two years there is exorbitant increase in the number of these applications. But now i am hopeful that things will settle down as cyber security is now involved in it.
It's not just the story of one person. Infact there are so many innocent people who are being killed by these kind of crime base agencies.
Thanks for Stopping by.
