Financial scam alert: Check Your CIBIL scores right away; possible unauthorized loans affecting several people
Financial scam alert: Check Your CIBIL scores right away; possible unauthorized loans affecting several people
A concerning new wave of financial fraud has surfaced, destroying innocent people’s credit scores through lendbox.in TRANSACTREE, where con artists use personal information such as PAN cards or Aadhaar numbers to get loans without permission. In order to obtain loans in the name of gullible victims, this intricate scam manipulates the lending platform’s system by using fictitious email addresses and phone numbers.
In a recent heartbreaking case from Patna, Bihar, a businesswoman was horrified to learn that a loan had been taken out in her name without her knowledge, severely harming her credit rating. An unsettling trend was discovered during investigations: a loan of Rs 3000 made through lendbox.in in August 2022, which resulted in an astonishing interest accumulation of Rs 17,000. The victim’s CIBIL score suffered a severe blow as a result of this dishonest behaviour, falling to just 600.
Reactions to attempts to correct these unauthorized loans were depressing. Even though victims confirmed via email that the account wasn’t theirs, they nevertheless became entangled in the aftermath.
Sambhav Daga took it to X to post “Do watch your CIBIL from time to time. I saw my mom’s CIBIL today, the CIBIL score is 650. There is some consumer/personal loan of 8k that she didn’t take which is overdue for 200 days. The CIBIL report has an additional address, mobile and email that she doesn’t hold. Due to this fraud, the interest rate on existing loans had increased automatically a few months back and I got to know about the same today.”
Aftab Khan tweets “What’s happening with TRANSACTREE, you guys are hampering my cibil score. There is a fraudulent entry which says I have taken a loan of Rs 100. kindly get the same corrected.”
Deepan Siddhu tweets “Hi, I have been trying to contact your customer care for 2 days. No one picks up. This is urgent. There is an unauthorized loan against my name. Ask someone to contact me & fix this.”
Rajat Samanta tweets “Hello Sir/Madam, My name is Rajat, My Transactree account number (1190458U) is created in my CIBIL account by you, as I haven’t taken any loan from your company. Please close and remove my account ASAP. Lendbox(corporate name:- Transactree Technologies Private Limited)”
Sumer S. Siswal tweets “I have fetched my Cibil report today, where I can see the company Transactree Technologies Private Limited attached in my Cibil report as a loan provider, but I’m having no relation with Lendbox and Transactree. Why this is happening?”
Moreover, stories surfaced of people who were shocked to discover defaults on loans they never took on marring their credit reports after learning about lendbox.in.
One victim called out in shock and urgency, requesting an explanation and prompt action to correct the mistaken entry affecting their credit report.
In addition to having their credit scores tarnished, victims are faced with the difficult task of correcting the consequences of taking out unauthorized loans.
The indifferent reaction from lendbox.in TRANSACTREE emphasizes the necessity of taking prompt action to stop additional harm and recover the victims’ financial identities.
