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Some loan apps are fond of defaming one to your contact if you missed their repayment period. Do you think you should ghost them if they do this and how ethical is this?
When a loan app starts bothering borrowers by reaching out to their friends and family, that's just not right. It could even break privacy or consumer protection laws. But, cutting off all contact with the app could lead to legal and money troubles for you. The best thing to do is keep a record of tRead more
When a loan app starts bothering borrowers by reaching out to their friends and family, that’s just not right. It could even break privacy or consumer protection laws. But, cutting off all contact with the app could lead to legal and money troubles for you. The best thing to do is keep a record of the harassment, let the authorities know about the app’s behavior, stop any abusive communication, and try to work out a repayment plan if you can. It’s important to remember that it’s not okay to retaliate, but borrowers should always be treated with respect and fairness.
See lessGhosting a lender isn’t really the ethical solution, even if the app is behaving badly. If you genuinely owe money, the fair approach is still to communicate and try to resolve or negotiate repayment. However, defaming or harassing you by contacting your phonebook is also unethical and in many placeRead more
Ghosting a lender isn’t really the ethical solution, even if the app is behaving badly. If you genuinely owe money, the fair approach is still to communicate and try to resolve or negotiate repayment. However, defaming or harassing you by contacting your phonebook is also unethical and in many places illegal, so you’re justified in protecting yourself like blocking abusive channels, reporting the app, and seeking legal or regulatory help. Ethically, the middle ground is don’t run away from legitimate debt, but also don’t tolerate harassment or illegal pressure. Handle repayment responsibility separately from their misconduct.
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