Technology has made it easier to meet surging demand for quick cash to finance everything from soaring household bills to gambling debts. Khan took the loan after he ran out of the "pocket money" his parents give him for living expenses, confident he could pay it off in time. Some of these transactions can lead to tragic consequences. The SaveThem India Foundation, a nonprofit organization that helps victims of cybercrime, has traced 17 suicides over the last year to "harsh recovery tactics" used by illegal loan apps.

https://asia.nikkei.com/Business/Technology/Loan-danger-India-s-illegal-finance-apps-bring-worry-regret2?utm_content=article_link&del_type=5&pub_date=20220811150000&seq_num=4&si=__MERGE__user_id__MERGE__