Blackmail, suicides to nudes, 10 things to know about the horrifying instant loan app scams
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Online scams are not a new thing and have existed for long, harking back to the days of emails when the infamous ‘Nigerian Prince' spam mail was sent to trap innocent victims. However, in recent times, the scammers have grown more vicious and nefarious in their ways. One such example is the instant loan app scam. These are the apps that offer instant, hassle-free loans to people in need of money but they charge a much higher rate of interest than banks. While not all such apps are predatory, many of them are. The scammers behind these apps use every trick in the book from harassment, humiliation, and blackmail to make victims repay the money with a ridiculously high rate of interest. Check these 10 points to know how they operate and how to protect yourself from them.Recently, BB...