What are consequences of taking loans from apps

What are consequences of taking loans from apps

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Deal Cadet
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I was doing my research and found out that taking loans from India bulls, paysense,kishtt and credit bee could have negative impact on cibil I read on complaints forum that even after paying on time these companies do not update cibil report and loans stays open even after full repayment .

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Black 01
Deal Lieutenant
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🤔 how will they benefit by not updating loan close status.?

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Deal Cadet
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I took 50k loan from early salary 1yr back… Paid emis fully… Even though it doesn’t show any dues pending in cibil , it shows as open till today and they don’t care to close it at all

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Deal Lieutenant
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I took loan from dhani app and they closed mine without any problem

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