Fraudulent Loan Accounts

Dear Client,
Fake loan apps can steal your personal information and use it to apply for loans without your knowledge or consent. Once these loans are defaulted on, it will negatively impact your credit score. Some fake loan apps may be designed to steal your personal information for identity theft purposes, which can have long-term consequences for your finances and credit score. Despite raising a Cibil dispute, when these fake loans are still reflecting in your Cibil account, you can lodge an FIR at your local police station and a complaint online to the National Cyber Crime Reporting Portal(NCCRP) at https://www.cybercrime.gov.in. If the scam involves a registered NBFC, file an online complaint to the regulatory authority RBI or SEBI. Seek advice whenever required from expert professionals specializing in cyber laws to navigate the issue in the right way.