ADVERTISEMENT
Aggressive Recovery Practices Make A Comeback As Loan Defaults Begin
More than a decade later, defaulting borrowers are once again complaining about harassment, this time from digital lenders.
11 Jun 2020, 01:52 PM IST
Imagine this. You are fast asleep after a long day of work from home and at 2 a.m. your mobile phone rings. The caller is loud, abusive and refuses to listen to anything you have to say. What do they want? Make a Rs 5,000 worth repayment by tomorrow afternoon to avoid further phone calls.That’s just one example of the recovery practices being employed by non-bank lenders, many of whom have aggressively given out unsecured credit unde...
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Full Access to
NDTV Profit App
Exclusives
Premium Stories
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Minimal Ad
Experience
Members-Only
Rewards
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT