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Illegal means of loan recovery can't be tolerated
Updated On: 21 July, 2020 06:14 AM IST | Mumbai | The Editorial
The information then is used to bring immense pressure on those who are struggling to pay.

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Desperate times are calling for desperate and sometimes, downright, illegal measures. This paper's front-page report about how recovery agents are resorting to blackmail, threats and harassment to ensure that loans are returned, throws the spotlight on how difficult times are during the pandemic, and it is important that both parties on any issue talk, via video call or any other means to come to a conclusion or find some solution over knotty issues.
The report states in detail how companies who have given loans are resorting to getting their money back, through recovery agents who have apparently been given carte blanche. The agents call and abuse the borrowers who are unable to repay. This is in large part because of the cuts brought on by the outbreak or heavy expenditure on medication at a time like this.
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