On October 18, 2022, I took a loan of 6 lakhs from Paytm for my business. However, a few days later on October 24, 2022.

We found out that my father had cancer, which led to the shutdown of my business. At the time, I had already taken out two more loans from Udaan and Bajaj Finance, and in December 2022, I also took Cred Cash from Cred company. All of this money was spent on the business and my father's cancer treatment, leaving me with no income or business to pay off the loans. I also had to pay for rent, electricity, and college fees for my sister.

 

I am unable to adjust the amount for the loan creditors due to the college fees I have to pay. As a result, I have taken a Debt Management Plan where they are managing my debt, even after sending legal notices to all the banks.

 

 

He is from Paytm loan recovery agent came to my shop and house and sat for 1 hour and arguing with me to pay amount right now.

 

The problem of loan companies harassing borrowers for unpaid dues can have a significant impact on people's lives. Here are some ways in which people are concretely affected by this problem:

In the first month, the loan creditors started making non-stop calls for payment. After a few days, Paytm sent people to my shop and home to collect payment from me. These agents did not have any valid ID card or documents. Now, Bajaj Finance has started calling and threatening me with harsh words, saying that they will come to my office or visit my home to humiliate me. Cred company has also started calling me every day, five times a day, and even calling my parents and friends for collection of loan dues. I am unsure of how they received my personal information.

"My family has already suffered financial problems due to my father's cancer, and we are all depressed in this situation. They are calling my family members and harassing us, which needs to stop. I need your support to stop these kinds of illegal activities from companies like Paytm, Bajaj Finance, and Cred. Many people suffer from depression due to loan recovery agents, and if you support us, we can win and help people who are suffering from illegal activities by corporate companies."