Instant Trap of Unsecured Loans

This could be your story or mine. You will surely recognise autobiographical elements here in this dark fable unless you’re a tycoon who knows how to profit off tragedy. Name, age, family, job…yes, job loss, life tightening around you like an invisible noose. You could have been Exhibit A in this grimy drama: his name is P Sunil, a suitably Everyman name. A 28-year-old software engineer from Hyderabad, Sunil lost his job during last year’s lockdown. Salary down to zero, his financial life was tossed into an abyss he had scarcely imagined possible a few years ago. That’s when Sunil came across digital lending apps. Instant, unsecured loans with just a few clicks on his mobile phone. He was savvy enough to know hidden risks could lurk here, but he was up for it. He was in a far worse spot anyway, an airless dungeon, and this appeared to him like an oxygen...