Losing hundreds of millions of dong when borrowing money online

Over the past time, stemming from the actual and necessary needs of the society for lending activities, a number of businesses have established peer-to-peer lending activities (P2P Lending) and registered for business licenses to carry out lending activities. this activity.

Black credit apps raging everywhere (artwork)

However, some subjects have taken advantage of the above situation to create applications that operate illegally and use aggressive advertising tricks on social networking sites, websites with low-interest loan content, not encountered. face, quick loan procedures, 30-60 minutes disbursal and many other conveniences. Some foreigners have colluded with domestic subjects to set up companies disguised as financial and black credit loans to conduct lending activities via mobile applications in order to gain illicit profits. signs of breaking the law, causing a lot of anger in the public opinion.

According to a denunciation sent to the Business Forum of Mr. NHH residing in Quang Ninh, on October 7, 2021, Mr. H contacted the money lending website http://madmf.com and was contacted by Mr. Do Quang. The school received a loan application of 50 million VND. However, after completing the documents, Mr. H was unable to withdraw the money and contacted Mr. Truong, receiving a notice that this was a conditional case. “Conditional” here is understood as the ability to repay and requires the borrower to transfer 5 million VND to an account named Tran Hong Son, account number 001862785876, Military Commercial Joint Stock Bank to meet the requirements.

The subjects have continuously sent notices to entice borrowers to pay money to get a loan (screenshot)

Mr. H said that after transferring the amount of VND 5 million, the system continued to report an error, the loan was suspended. At this time, Mr. Truong continued to send a notice requesting to pay an additional 30 million dong to ensure the suspended amount. If the borrower transfers money, after 2 minutes, 60 million dong will be deposited into the borrower’s account, and the 30 million dong security deposit after 10 minutes will be withdrawn.

“ The situation continued, when Mr. Truong said he would support to pay 16 million VND and asked me to transfer the remaining amount of 14 million VND with the content “DAMBAOTIENTREO.0969. 379 .xxx “. Due to my gullibility, I transferred 14 million VND to an account number named Tran Hong Son, then received a transaction information screen of 60 million VND in a pending state sent by Mr. Truong. But yeah t that far, I totally have not received this amount 60 million.

On October 8 , Mr. Truong continued to send another document asking me to pay another 25 million dong to meet the loan with a type 3 account . According to the document Mr. Truong provided, “account type 3 is an account with too many errors and inadequacies, so you have to redo the application from the beginning and have to add 50% of the loan amount”; “That now he NHH loaded 25 million to complete the procedure and withdraw the amount” 115 million, including 50 million loan initially and 40 million coins were loaded earlier with 25 million procedures remake lake profile. In which , Mr. Truong will support me 5 million dong. I thought that when I recharge, I will get all the money I have deposited, so I continue to transfer 20 million VND to Tran Hong Son’s account , “said Mr. H.

The matter did not stop there, when Mr. Truong continued to entice Mr. H to transfer more money for many reasons such as being reprimanded for wrong customer support, terms of account change, loan security fee. ,… and transferred the loan consulting to another person, Pham Ngoc Toan, introduced as Mr. Do Quang Truong’s manager. This person continued to entice Mr. H to transfer more money to account number 51810000630385 at the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) because Phan Quoc Bao was the account holder for reasons such as error correction and Borrowers related to money transfer through online winning games, gambling, betting, lotteries, virtual money ,… .

Mr. NHH has transferred an amount of up to 200 million VND to the subjects and has not received any loans so far (screenshot).

“Coming here as too unusual, I do not play any more money t hey m. I didn’t realize the abnormality but it was too late, in just 2 days , I lost a total amount of up to 209 million VND. By h oàn struggling scene, again during the epidemic, I currently do not have stable jobs, so e To transfer money to his school, I had to run everywhere we borrow borrowing. Up to now, the amount of money I have transferred has gone silent, and the money lending website is now inaccessible , “said Mr. H.

Talking to the Business Forum, Mr. Nguyen Minh Hoang, a Fintech expert, said that during the pandemic, people’s demand for loans increased, creating opportunities for many bad guys to take advantage and set up applications. disguised credit, supporting easy and fast money lending, but in fact, is intended to defraud and appropriate property. These credit apps do not exist on the market at all, all information is fake. As the case of Mr. NHH mentioned above, is one of the cases of being trapped very seriously without even knowing it. There have been many people who have been scammed like this and lost their money because they couldn’t find who and where the subjects were.

It can be seen that the scammers’ tricks are very sophisticated, so borrowers should note the following points:

Firstly , you must carefully study the information about the app/application/company you intend to borrow, type in the keyword search for the app/company name on Facebook, Google to see if there are any warnings.

Second , it is not advisable to transfer funds to personal accounts, even when referred to as representing the company. A reputable business will have a corporate account for trading.

Third , borrowing money through an online app will not have to be transferred in advance for any reason such as loan security or application fees, etc.

“If borrowers see signs of enticing to transfer/recharge more money to continue borrowing, they must immediately stop and carefully check information about the app/company such as tax code, address, website, legal representative. law, phone number, … call to check to make sure it’s not a ghost company set up to scam customers “, Mr. Hoang recommended.