Scamming the scammers: How borrowers create fake IDs to deceive fake loan apps

28 September 2024
In Part 2 of this series, The Indian Express details how an entire online ecosystem has mushroomed to take on loans issued by fraudulent apps. (Illustration by Suvajit Dey)

Basic media editing and computer skills, a ‘clean’ phone, some determination and Rs 300 — that is all it takes to turn the tables and scam predatory lending apps.

Using fake documents and phone data, people who have been borrowing small sums from instant loan apps have found a way to dodge the usurious interest rates and continuous mental harassment that borrowers usually face at the hands of dubious digital lenders.

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