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July 2021

UP: Troubled by a loan shark, a young man consumes poison at Meerut SSP’s office and dies

2021-07-28
By: Esperanza H. Graham
On: July 28, 2021
In: Moneylender
With: 0 Comments

Devendra had taken out a loan of Rs 1 lakh from a pawnshop about 10 years ago. (Representative image) | Photo credit: iStock images Highlights The victim was identified as Devendra Singh, a resident of Sarai Qazi under the medical police station. The youngster was immediately transported to the medicalRead More →

Pune: police arrest pawnshop for extortion, attempted murder of businessman; 6 others have reserved

2021-07-24
By: Esperanza H. Graham
On: July 24, 2021
In: Moneylender
With: 0 Comments

Representation image | Photo credit: iStock images Highlights A high court dismissed the couple on July 23. The couple are in police custody until July 25. Six close to the pawnshop have also reserved in this case. Pune: On Saturday, a couple was detained by Chatushrungi police for murder andRead More →

A man from Khokhra murders a loan shark | Ahmedabad News

2021-07-22
By: Esperanza H. Graham
On: July 22, 2021
In: Moneylender
With: 0 Comments

AHMEDABAD: A resident of Khokhra stabbed the man he had borrowed money from, then surrendered to the police on Wednesday. Police arrested Jayeshgiri Goswami who claimed that the lender charged a high interest rate which led him to commit the act. Khokhra Inspector YS Gamit said the accused borrowed moneyRead More →

Average mortgage interest rate drops to six-month low | July 20, 2021

2021-07-20
By: Esperanza H. Graham
On: July 20, 2021
In: Interest rate

Our goal here at Credible Operations, Inc., NMLS number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are ours. View mortgageRead More →

His limbs cut off, the RTI activist succumbs; cops catch his loan shark

2021-07-20
By: Esperanza H. Graham
On: July 20, 2021
In: Moneylender
With: 0 Comments

Tavarekere police arrested three people on Monday in connection with the murder of an RTI activist last week. Preliminary investigations revealed that the prime suspect, Pradeep Kumar TN, 33, a resident of Taverekere, had a financial dispute with Venkatesh, 43, an RTI activist. Pradeep reportedly hired Satish TC, 20, aRead More →

The government decides to cap the interest rates of pawn shops

2021-07-19
By: Esperanza H. Graham
On: July 19, 2021
In: Moneylender
With: 0 Comments

The government must limit the interest rates charged by approved lenders despite concerns previously raised by Finance Minister Paschal Donohoe that such a move could exclude some lenders from the market. The government announced Monday that it has approved the drafting of the Consumer Credit (Amendment) Bill 2021, the mainRead More →

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