The Sri Lanka Police Headquarters has issued a public alert urging citizens to exercise caution when obtaining loans via the Internet or mobile phones, following an increase in complaints related to deceptive lending practices. According to the Police, a significant number of institutions are currently advertising loans online and through mobile platforms, often attractively presenting these offers. In some cases, unsolicited phone calls are also used to promote the availability of instant loans without any collateral requirements. However, reports received by the Sri Lanka Police reveal that many individuals are facing serious financial difficulties after obtaining such loans without paying…
Police warn public about risks of Online and Mobile Loan Offers
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