Up To One Million People In Hock To Loan Sharks, New Report Finds…
CSJ estimates that as many as 1.08 million people could be borrowing from an illegal money lender. This is over 700,000 more people than the most recent official estimate. The report reveals the coercive and violent methods used by illegal lenders to enforce repayments.
It also shows the emergence of new trends online, with loan sharks using the rapidly evolving social media landscape to entice and exploit new victims. This allows them to intimidate their victims 24/7.
Read more about this report Here.
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