Predatory Loan Apps Auto-Deposit Cash, Trap Users in Debt
Illegal loan apps in Thailand are automatically depositing money into users' accounts after they merely download and register, without any loan request. The apps then demand repayment with extremely high interest and harass victims with hundreds of collection calls. Despite numerous such apps on the Google Play Store and multiple victim reports, police have been unable to pursue cases due to the lack of identifiable perpetrators.
Do not download these apps under any circumstances. A new scheme by illegal loan apps has emerged: simply downloading and registering with the app — without even requesting a loan — triggers an automatic transfer of money into the user's account. The app then demands repayment with exorbitant interest rates.
The Drama-addict Facebook page exposed case studies of users who downloaded and registered with online loan apps, only to have the app transfer money instantly despite no loan request. One common pattern: users merely install the app and enter bank account details, without pressing any borrow button, yet the app deposits funds anyway and then forces them into debt with extremely high interest.
If this happens, victims should file a police report immediately, though they may face harassment — hundreds of collection calls. There are many such apps on the Google Play Store; what are the relevant agencies waiting for?
Another victim reported downloading and registering, after which the app showed a credit limit and transferred 9,000 baht instantly. The user messaged the admin saying they didn't want the money and asked for it to be withdrawn. The reply: repay according to the app's procedure — 9,000 baht principal plus 7,500 baht interest. The user was stunned, regretting ever downloading the app, but could not reach any real person. They ended up discarding their SIM card two months ago; the money remains unreturned because it was never used. Police merely recorded the complaint casually, citing no identifiable individual perpetrator.
Source: Drama-addict