GENERICO.ruEconomicsThe lawyer explained why Russians should not take microloans

The lawyer explained why Russians should not take microloans

Fraudsters can encourage people to take out loans

Microloans can be dangerous due to high interest rates and hidden fees that can lead to a debt trap for the borrower. However, Russians still fall for the tricks of “financiers,” who are essentially scammers.

Fraudsters can encourage people to take out loans Photo :

People who take out microloans are usually in financial difficulties and cannot get a loan from a bank due to bad credit history or low income. Microloans are often provided by illegal lenders who may use violent methods of debt collection or threaten borrowers. In addition, they may be involved in working with organizations involved in money laundering or other criminal activities.

Another scary thing is when a microloan is taken out on a person without his knowledge.

“Microloans are a classic scam,” says lawyer Evgeny Antonov. – A man lives for himself, quite wealthy, does not take loans, does not look at his credit history. At some point, a person finds out that he has been sued. A complaint comes from a microfinance organization that it does not pay money.

What does the victim ideally do? Writes a statement to the police. The police either lose the material, because it is not interesting to deal with such trifles, or the police make a decision to refuse to initiate a criminal case, because if it is a loan, you need to go to court.

– I had a situation when a person looked your credit history. And it turned out that he had seven such microloans. He doesn't know about them. One of them was sued. We see that there was a remote agreement online with passport data.

But there are some peculiarities. The bank card to which the loan was transferred has no relation to the person, the phone number is not his, and he did not enter into an agreement.

The court asks who owns the card and phone number – is it the defendant? A request is immediately made to the cellular company to whom the phone is registered. If two negative answers mean the loan is fraudulent. And the bank’s security service must itself go to court – look for the money from the one who stole it from you.

– When we found out that the phone number and card were not our client, then the microfinance organization itself came to court and abandoned the claim,” says Evgeniy Antonov. – And if she had not refused, we could have recovered more money from her.

It often happens that the microfinance organization itself initiates an internal investigation. “These are smart microfinance organizations that do not take the case to court, do an internal audit and begin to look for scammers themselves,” comments the lawyer. – This link – phone number, passport data and card numbers – the triangle that scammers walk around – should not be given. But even if this data is available, without the codes that the scammers ask for, they won’t be able to do anything.”


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