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black credit

tin tức về black credit mới nhất

Banks criticized for sky-high interest rates, burdening businessesicon
FEATURE13/01/20220

Banks criticized for sky-high interest rates, burdening businesses

Many banks made a high profit in 2021 thanks to high lending interest rates. However, they have been warned of ‘making a rod for their own back’.
 
More businesses seek black credit as cash flow plummetsicon

More businesses seek black credit as cash flow plummets

FEATURE
19/11/2021
Seventy-one percent of businesses anticipate revenue decreases in 2021, higher than the 65 percent figure in 2020, according to a survey.
Borrowers fall into trap of low-interest loans offered onlineicon

Borrowers fall into trap of low-interest loans offered online

SOCIETY
06/11/2021
Scammers are impersonating officers of online lending apps, promising loans at low interest rates in order to appropriate money from people.
Running out of money, businesspeople fall into black credit holeicon

Running out of money, businesspeople fall into black credit hole

FEATURE
11/10/2021
Many businesspeople have complained that they have had to sell cars and fixed assets to maintain operations. Some have even sought capital from black credit sources with exorbitant interest rates.
People lose everything as they fall into consumer-loan trapicon

People lose everything as they fall into consumer-loan trap

FEATURE
27/08/2021
Some people who have not earned enough money because of Covid-19 and have had to borrow money have fallen into traps set by usurers.
'Black-credit' lenders pose serious threat to borrowersicon

'Black-credit' lenders pose serious threat to borrowers

FEATURE
28/05/2021
Experts have repeatedly rung the alarm bell over black credit, which is causing serious consequences to families and society.
Over 6.4 million poor households access social policy bank loansicon

Over 6.4 million poor households access social policy bank loans

SOCIETY
04/04/2021
As of March, more than 6.4 million poor and near-poor households had won access to loans from the Vietnam Bank for Social Policies (VBSP).
Woman holds fake funeral to escape creditorsicon

Woman holds fake funeral to escape creditors

SOCIETY
02/04/2021
The Cu Lao Dung district Police in Soc Trang province on March 31 detained and questioned Tran Thi Tuyen about the organization of a fake funeral at her home.
The poor, as well as businesses, fall into 'black credit' trapicon

The poor, as well as businesses, fall into 'black credit' trap

FEATURE
09/02/2021
The poor, who lack financial information and knowledge, are often hurt by black credit. But many businesspeople have also become victims.
P2P lending needs better management to avoid black crediticon

P2P lending needs better management to avoid black credit

BUSINESS
29/01/2021
The Ministry of Planning and Investment (MPI) has warned about the increasing use of foreign peer-to-peer (P2P) lending in Vietnam with potential risks of black credit.
2020: black credit pushes people to the wallicon

2020: black credit pushes people to the wall

BUSINESS
12/01/2021
Black credit grew strongly in 2020 when many people lost jobs because of Covid-19 and faced financial problems.
Prime Minister urges banks to further cut interest ratesicon

Prime Minister urges banks to further cut interest rates

BUSINESS
27/12/2020
The Central bank has lowered its interest rate cap three times by a combined of 1.5-2 percentage points per annum, which is the largest cut in the region.
Black credit trap pushes borrowers into cornericon

Black credit trap pushes borrowers into corner

BUSINESS
29/11/2020
A young woman borrowed VND8 million via an app, but the total amount of money she had to pay after three months reached VND200 million. Unable to pay the debt, she killed herself.
Banks told to reach out to remote areas to compete with black crediticon

Banks told to reach out to remote areas to compete with black credit

BUSINESS
16/11/2020
Since black credit is creeping into every corner of society, commercial banks also need to reach out to every village to combat it and scramble for clients.
Black credit leading people to dead end, with no escape from debticon

Black credit leading people to dead end, with no escape from debt

BUSINESS
12/11/2020
Covid-19 has caused many people to lose jobs and has paved the way for black credit to emerge.
Black credit with interest rates of up to 1,400% per annum bleed borrowers dryicon

Black credit with interest rates of up to 1,400% per annum bleed borrowers dry

BUSINESS
09/11/2020
It is now easier than ever to borrow money through apps, but paying back the debts can be difficult since interest rates can be 700-1,400 percent per annum.
Chinese lending apps leave Vietnam quietlyicon

Chinese lending apps leave Vietnam quietly

BUSINESS
30/07/2020
Vietnam’s fintechs have discovered that some Chinese apps which have lent money at exorbitant fees have been leaving Vietnam quietly.
Many Vietnamese trapped by Chinese lending appsicon

Many Vietnamese trapped by Chinese lending apps

BUSINESS
17/06/2020
Chinese apps in Vietnam are luring borrowers who have to pay back debt at high interest rates within a short period of time.