Authorities have identified Wang Xiang Sheng (residing in Fujian Province, China) as the ringleader of the transnational fraud ring recently dismantled in Lao Cai.
Becoming a debt collector for the predatory lending company Oncredit, I "learned" the skills to "terrorize" debtors into paying back the exorbitant principal and interest.
Following a series of investigative reports by VTC News, authorities in Ho Chi Minh City have worked with Oncredit Company, ordering the company to cease its debt collection activities.
A once happy family in Madhya Pradesh, India, fell into a debt trap set by a Chinese lending app, leading them down a path of financial ruin and destruction.
To obtain a loan, borrowers must agree to allow the exploitation of data on their phones, which is a "trap" that keeps debtors trapped in a cycle of bad debt.
After nearly a week of working as a debt collector for a loan app, our reporter was "trained" on how to "tighten the noose" around debtors, forcing them to pay their debts...
During nearly a week of undercover work as a debt collector for a lending app, the reporter was instructed on ways to "tighten the noose" around debtors, forcing them to pay.
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