The harrowing tales of deceit and harassment by loan apps with accounts of relentless torment, blackmail and tragic suicides. Due to regulatory inaction, these apps continue to thrive, victimising unsuspecting consumers.

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In a concerning trend that has caught the attention of consumer advocates and regulatory bodies alike, illegal loan apps have managed to thrive, exploiting unsuspecting consumers while authorities struggle to effectively clamp down on their operations. This investigative news report delves into the disturbing world of these unscrupulous entities, shedding light on how they continue to operate with impunity, leaving countless individuals vulnerable to their deceptive practices. Despite growing concerns and mounting evidence of their exploitative tactics, the lack of effective enforcement measures has allowed these rogue loan apps to flourish, posing a significant threat to consumers' well-being.