Dossier
loan scam
Coverage of loan scam in the Nexus archive.
- United Recovery Solutions scam?
A person's mother received an email from United Recovery Solutions claiming she had an unpaid $500 loan from Cash Yes, which allegedly grew due to interest. The company threatened wage garnishment if the debt wasn't paid within four days, despite the recipient denying the loan and lacking proof. United Recovery Solutions cited inability to provide documentation due to the loan's age and suggested legal action.
- Protestors seek return of pledged gold in Bank of Baroda ‘loan scam’
Protestors, including farmers, small traders, artisans, and account holders, demand the return of gold pledged against loans, accusing Bank of Baroda officials of misappropriation during a demonstration at Eluru Collectorate.