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Think before granting access to your contact list to lending apps. "Telangana Woman Dies by Suicide"

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teriab33

Telangana Woman Dies by Suicide After App-Based Lender Messages Her Contacts on Loan Default

https://www.news18.com/news/india/25-year-old-e...

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Hunk Hunk
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😔😔😔😔 rip

Mobile Guru Mobile Guru
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Sad for the demise but this is what usually happens to defaulters right?
Same kinda approach dimers follow when posting the “Fraud/Fraudster”
Anyways.. There should be enough warnings before these loan sharks decide to take extreme steps as reputation matters a lot for some weak hearts (+ Careful with the apps like Bankbazaar/PaisaBazaar.. They do have access to your messages n probably contacts too)

Hunk Hunk
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We can easily gain from this non-rbi-compliant apps.
1. Use your spare mobile number.
2. Create 100+ Dummy contacts
3. Make sure you don’t have any personal file on device.
4. Take loan
5. Now take out that sim from mobile and forget that you ever taken loan from that app.

As 90% of those Soft loan companies are not rbi-compliant chinese money lenders so you don’t have to worry about any legal trouble/cibil issues.
Coming to the original post.
This is really very sad thing that she ended her life for those morons.

Hunk Hunk
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getready wrote:

Sad for the demise but this is what usually happens to defaulters right?
Same kinda approach dimers follow when posting the “Fraud/Fraudster”
Anyways.. There should be enough warnings before these loan sharks decide to take extreme steps as reputation matters a lot for some weak hearts (+ Careful with the apps like Bankbazaar/PaisaBazaar.. They do have access to your messages n probably contacts too)

Extreme steps?
No banking entity/NBFC can defame any person by messaging the contact list.
Only guaranter can be contacted in case of loan-default.
If they try to defame you by any other means you can take strict(legal) actions against them.

Mobile Guru Mobile Guru
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ZNZ wrote:

Extreme steps?
No banking entity/NBFC can defame any person by messaging the contact list.
Only guaranter can be contacted in case of loan-default.
If they try to defame you by any other means you can take strict(legal) actions against them.

There are many loan sharks which aren’t linked to banking entities
When people are desperate they do anything to get money..
Anyways when these bank guys send recovery agents, the one obvious thing these guys do is try to defame them in their neighborhood so that the people will repay their debts fearing humiliation .. Not so different from what has happened now

Analyst Analyst
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This is very sad …RIP pensive

This type of harassment is even MOBIKWIK doing by sharing contacts to recovery agents …Check YouTube there are lot of complaints.

I WOULD SAY NEVER TAKE ANY LOAN FROM THESE LENDING APPS IF YOU MISS PAYMENT THEY WILL MAKE YOUR LIFE HELL ESPECIALLY FEMALES MUST STAY AWAY

Deal Subedar Deal Subedar
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ZNZ wrote:

No banking entity/NBFC can defame any person by messaging the contact list.

But these are not the kind and humane bank managers from the psu banks you are dealing with here. It is mostly corrupt criminals that are operating from behind these money lending apps. They are called sharks for a reason.

Deal Lieutenant Deal Lieutenant
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rip 🙏

Deal Subedar Deal Subedar
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ZNZ wrote:

As 90% of those Soft loan companies are not rbi-compliant chinese money lenders so you don’t have to worry about any legal trouble/cibil issues.

These money lending apps use a loophole in our banking regulation to carry out their lending activities in India without directly getting registered with the RBI.

They take an authorization from an existing NBFC in our country, something like a sub agent for an NBFC to carry out this money lending activities.

Deal Lieutenant Deal Lieutenant
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All banks and reputed lenders always send recovery agents, extortionists to loan defaulters for recovering their dues, who resort to every possible measure to recover the loan to earn their commission.

Sending loan default messages to contacts is a much softer method and cannot be considered as an abetment to suicide. Though unfortunate, It may be an isolated case of weak mental state of the deceased, who took this extreme step

Analyst Analyst
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So sad to hear about this pensive

Deal Cadet Deal Cadet
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People are not aware of consequences that cab happen after taking any loan.

Community Angel Community Angel
Moderator
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RIP pensive

Deal Subedar Deal Subedar
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ZNZ wrote:

We can easily gain from this non-rbi-compliant apps.
1. Use your spare mobile number.
2. Create 100+ Dummy contacts
3. Make sure you don’t have any personal file on device.
4. Take loan
5. Now take out that sim from mobile and forget that you ever taken loan from that app.

These things are not practically possible for everyone.

This is a recent experience I had come across, I wanted to close my paytm account, because I am not using it anymore and I don’t want to keep an account open which I have no use of.

I have to raise an account closure request from inside their app. To login to paytm app, I have to now grant it access to manage my calls, I was double minded about this, but eventually after confirming with other users here that they don’t get access to my contact list, I decided to do so.

On the second stage paytm app needs access to my messages as well. Personally, I think this is very dangerous, granting an app access to read the messages on my phone which has all information about my banking activities, my purchase choices, other financial institutions I have accounts with, how much I owe and how much I own, is all there inside these messages which I have been receiving as transaction notifications and account balances over many years.

Now, I am forced to buy a spare phone, which is fresh, so that I can login to the paytm app and request a closure of my account.

Deal Subedar Deal Subedar
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kunal94 wrote:

People are not aware of consequences that cab happen after taking any loan.

True… Once money comes kn pocket… Dey feel dsy earned it… No need to return any1

Deal Subedar Deal Subedar
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rip sad

Deal Lieutenant Deal Lieutenant
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Oppo reno have one awsome feature where it gives dummy list of contacts to all apps which you choose .

Deal Lieutenant Deal Lieutenant
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teriab33 wrote:

These things are not practically possible for everyone.

This is a recent experience I had come across, I wanted to close my paytm account, because I am not using it anymore and I don’t want to keep an account open which I have no use of.

I have to raise an account closure request from inside their app. To login to paytm app, I have to now grant it access to manage my calls, I was double minded about this, but eventually after confirming with other users here that they don’t get access to my contact list, I decided to do so.

On the second stage paytm app needs access to my messages as well. Personally, I think this is very dangerous, granting an app access to read the messages on my phone which has all information about my banking activities, my purchase choices, other financial institutions I have accounts with, how much I owe and how much I own, is all there inside these messages which I have been receiving as transaction notifications and account balances over many years.

Now, I am forced to buy a spare phone, which is fresh, so that I can login to the paytm app and request a closure of my account.

For apps like this there should be privacy protection feature of oppo.

Hunk Hunk
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Abhinav_Pune wrote:

Oppo reno have one awsome feature where it gives dummy list of contacts to all apps which you choose .

That’s awesome

Pro Shopping Friend Pro Shopping Friend
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Abhinav_Pune wrote:

Oppo reno have one awsome feature where it gives dummy list of contacts to all apps which you choose .

Any specific model or all Oppo phones come with this feature?

Mobile Guru Mobile Guru
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caks2006407 wrote:

Any specific model or all Oppo phones come with this feature?

Its a ColorOS feature
https://cdn0.desidime.com/attachments/photos/655548/medium/Screenshot_20201219-074353_2.png?1608344268
https://cdn0.desidime.com/attachments/photos/655549/medium/Screenshot_20201219-074353_3.png?1608344279

Deal Cadet Deal Cadet
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Just have a spare mobile and sim and put it on seroplane mode ,

Deal Lieutenant Deal Lieutenant
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caks2006407 wrote:

Any specific model or all Oppo phones come with this feature?

I had oppo reno 10×. It was having this feature

Deal Cadet Deal Cadet
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ZNZ wrote:

Extreme steps?
No banking entity/NBFC can defame any person by messaging the contact list.
Only guaranter can be contacted in case of loan-default.
If they try to defame you by any other means you can take strict(legal) actions against them.

https://cdn0.desidime.com/attachments/photos/655590/original/7232167503_1006921_law_ass.jpg

sadly, whether the systems and laws the Brits gave us (and we later tweaked them as an when) .. those may or may not apply
but (sadly) this phraseology sure does (apply)
https://www.phrases.org.uk/meanings/the-law-is-an-ass.html
to the ‘fractured’ systems we have and how easily we (ALL of us) warp, bend, break them😔.

Critic Critic
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Android remains this piece of shite in regards to privacy. If you do not allow a few permissions some apps simply won’t work, unlike iOS. It’s just ridiculous.

Pro Shopping Friend Pro Shopping Friend
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ithehappy wrote:

Android remains this piece of shite in regards to privacy. If you do not allow a few permissions some apps simply won’t work, unlike iOS. It’s just ridiculous.

Andriod and many apps are predatory now a days, I was also very much surprised about paytm it says “mandatory permissions” now we better have a phone for just offers with no data or SMS

Deal Subedar Deal Subedar
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aam_aadmi wrote:

All banks and reputed lenders always send recovery agents, extortionists to loan defaulters for recovering their dues, who resort to every possible measure to recover the loan to earn their commission.

Sending loan default messages to contacts is a much softer method and cannot be considered as an abetment to suicide. Though unfortunate, It may be an isolated case of weak mental state of the deceased, who took this extreme step

No no bhai, this is incorrect.

First of all, any data accumulated through false pretenses is illegitimate activity. And here, its completely about personal data misuse.

Recovery agents do try many possible measures, but they’re limited to vocal & legal threats. In small towns, they also threaten by taking some objects from house and all.

So however it may seem as a softer method, sending loan default messages to contacts, that too unsolicited ones, not only is a type of mental harassment but also not at all legal. Loan providers may call only 2-3 references whom the defaulter provided while applying for loan. No one else. This is complete breach of privacy coupled with data misuse.

So yes, this kind of mental harassment and public shaming based on illegitimately collected personal data can be indeed considered as abetment to suicide, if it acted as sole reason for pushing the person to commit suicide. Doesn’t matter if the deceased had weak mental state or not, but if this was the sole reason, it is indeed abetment and simply not acceptable.

If you still think this was a softer approach and its okay and unfortunate happens and all that, it implies you’re not taking mental health issues seriously, which you totally should.

Moreover, this particular matter was of only a few thousand of rupees. Everyday people apply for home loans worth crores of rupees, do banks ask to submit entire contact list data? Otherwise going by this logic, banks should have been even asking for bank account access of people given the high value of amount there. But no, this doesn’t happen because this level of personal data is not a required document under KYC. The only data that should be with the loan provider should be data as per KYC requirements, nothing else. This entire loan business is a risk based business, which the loan provider understands and accepts while entering into this business. Enough legal remedy is already available to providers for defaulters, so human harassment cannot be made acceptable at any instance. The provider could have also approached local police or district court, but they do not, because they’re aware of their misdoings in the first place and the consequences of that.

Deal Cadet Deal Cadet
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atx88 wrote:

No no bhai, this is incorrect.

First of all, any data accumulated through false pretenses is illegitimate activity. And here, its completely about personal data misuse.

Recovery agents do try many possible measures, but they’re limited to vocal & legal threats. In small towns, they also threaten by taking some objects from house and all.

So however it may seem as a softer method, sending loan default messages to contacts, that too unsolicited ones, not only is a type of mental harassment but also not at all legal. Loan providers may call only 2-3 references whom the defaulter provided while applying for loan. No one else. This is complete breach of privacy coupled with data misuse.

So yes, this kind of mental harassment and public shaming based on illegitimately collected personal data can be indeed considered as abetment to suicide, if it acted as sole reason for pushing the person to commit suicide. Doesn’t matter if the deceased had weak mental state or not, but if this was the sole reason, it is indeed abetment and simply not acceptable.

If you still think this was a softer approach and its okay and unfortunate happens and all that, it implies you’re not taking mental health issues seriously, which you totally should.

Moreover, this particular matter was of only a few thousand of rupees. Everyday people apply for home loans worth crores of rupees, do banks ask to submit entire contact list data? Otherwise going by this logic, banks should have been even asking for bank account access of people given the high value of amount there. But no, this doesn’t happen because this level of personal data is not a required document under KYC. The only data that should be with the loan provider should be data as per KYC requirements, nothing else. This entire loan business is a risk based business, which the loan provider understands and accepts while entering into this business. Enough legal remedy is already available to providers for defaulters, so human harassment cannot be made acceptable at any instance. The provider could have also approached local police or district court, but they do not, because they’re aware of their misdoings in the first place and the consequences of that.

Very precisely explained buddy

Missing