[Video] Money appropriation, mental terrorism from fast loan advertisements on social networks

On social networks, there are many accounts reporting about being trapped in debt. 4 days ago, someone (picture attached) borrowed 5,900,000 VND, after 6 days had to pay 9,900,000 VND. If the borrower is not able to pay, will have to pay a 1-day overdue fee of 800,000 VND and penalty interest...

New tricks - from super fast loan advertising to mental terrorism.

This person is currently very worried because of the constant phone calls and threats, and they also mentally terrorize his relatives and friends through phone numbers.

Because there are so many people caught in debt traps, groups have begun to appear on social networks to share experiences in dealing with loan apps, but most of these experiences are ineffective with the ever-new scenarios of high-tech crime today. In addition to the huge interest rates, just being mentally terrorized is enough to make borrowers lose sleep, worry, and insecurity. There are people who become deeply in debt, unable to find a way out, leading to extremely serious consequences.

Their main moves are as follows:

1. Quick loan advertisement - no conditions required

Spread ads on Facebook, Zalo, TikTok, Google with the content: "Borrow money without collateral, approved in 5 minutes, receive money immediately". Offer a small initial limit (2-5 million VND) to create trust, then entice and force to borrow a larger amount.

2. Hidden fees – exorbitant interest rates: Initially stated as 10–15%/year interest, but in reality calculated weekly or daily (equivalent to 300–700%/year). Forced to pay many unreasonable fees: application fees, insurance fees, service fees.

3. Forced installation of malicious apps: Forcing borrowers to install an app on their phones, this app requests access to contacts, messages, and photos. When borrowers are late in paying, they use the information to threaten, defame, and terrorize them mentally.

4. Vague contracts – the “compound interest” trap. There is no clear written contract, or the contract has ambiguous terms. Interest is continuously compounded, and after just a few weeks the debt can increase many times.

5. Threats and mental terror: If payment is delayed, they will call the victim and their relatives continuously. Send defamatory messages, post the "debtor's" image on social networks, and even threaten to directly assault them.

6. Complete fraud: There are cases where the scammer asks the borrower to transfer the disbursement fee in advance and then disappears, the victim cannot borrow money and loses the deposit.

Recommendations

1. Do not install strange loan apps.

2. Only borrow through licensed banks or credit institutions.

3. If you have participated, keep evidence (text messages, calls, contracts) and immediately report to the police/hotline of local authorities.

4. Be careful when you see friends/relatives sharing "super fast, super easy" loan links.

Stay alert to protect yourself and your family! When you fall into debt, don't let mental pressure lead to wrong decisions and continue to sink deeper into debt. Just one wrong financial decision can cost you everything.

DEPARTMENT OF TECHNOLOGY & DEPARTMENT OF SCIENCE AND ENVIRONMENT

Source: https://nhandan.vn/ video -chiem-doat-tien-khung-bo-tinh-than-tu-quang-cao-vay-sieu-toc-tren-mang-xa-hoi-post913520.html