Illegal Loan App Scam Traps Users with Predatory Interest Rates
A victim reported being charged exorbitant interest after an unauthorized loan app deposited money into her account without a formal request.
According to a report by Khaosod Online citing the 'Drama-addict' social media page, a woman in Thailand has fallen victim to an illegal loan application scam. The victim stated that after downloading the app and registering, 9,000 baht was deposited into her bank account without her having formally requested a loan. When she immediately contacted the app's administrators to return the funds, she was informed that she would need to pay back the 9,000 baht principal plus 7,500 baht in interest.
Unable to reach a human representative and facing aggressive demands, the victim eventually stopped using her SIM card to avoid further contact. She noted that police were only able to file a report, as there was no identifiable individual or legal entity to pursue. This incident highlights the significant risks associated with downloading unverified financial applications. For residents and visitors, this serves as a stark warning to avoid installing suspicious apps that request personal information or access to financial accounts. It remains to be confirmed how many other users have been targeted by this specific application and whether authorities can identify the operators behind these predatory digital platforms.
