![]() ![]() Some would even go as far as to threaten them and their family bodily harm. That's when the abuse begins.Īgents for these services would mass send profanity-laden texts to all the borrower's contacts, including random acquaintances and co-workers, in an attempt to humiliate them into paying. But since they typically charge exorbitant interest rates, a lot of borrowers end up having difficulties keeping up with payments. ![]() The fact that people can easily install these apps on their phones makes them look like a pretty convenient solution for sudden monetary issues. It's common for loan apps to require access to users' phonebooks and media before they lend money. This is but one of the changes Google has implemented over the past year, following multiple reports of harassment from certain markets, such as India, Pakistan, Kenya and the Philippines. They will no longer be able to access people's photos and videos, as well, whether they're saved on the phone itself or an external storage. ![]() The tech giant has updated its policy (via TechCrunch) to prohibit cash lending applications from being able to access users' contacts list. Google will implement a new rule for apps providing personal loans starting on May 31st that could help protect users from abuse and harassment. ![]()
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