Can a lawyer sue for fake loan apps in Karachi?

Can a lawyer sue for fake loan apps in Karachi?

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In 2020, I faced a severe crisis with Karachi’s leading online lending platform (Love Loan) claiming that I defaulted on the loan for my daughter’s wedding. After several months of waiting and haggling, I got the money but I found the entire loan process fraudulent. My money was spent on food, clothes and jewelry for the wedding. But the wedding didn’t take place, and I am left with a heavy debt. I wrote to the CEO of

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I, ALAHA DIN (Lawyer), am your expert Karachi based Lawyer and have been serving the clients in Karachi for over a decade. I’m aware that there is a lot of news and hype surrounding fake loan apps and its effect on financial crimes. like this However, I want to take the opportunity to share my personal experience and opinion. I have personally been a victim of fake loan apps in the past, which tricked me and took off all my money. Here’s why this happened to me and what I

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A Pakistani lawyer is now suing for false loan applications in Karachi. navigate to this website This is the latest lawsuit filed against Pakistani banks for predatory loans. In Karachi, 37 people are suing banks, saying they were ripped off by the banks’ loan officers. A Pakistani lawyer who is working for 65 families, has filed a legal action against the three Karachi-based banks, Kulsoom, Alif and Javed. Their families claim they were duped by loan officers from the banks. “We

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As the recent controversy in Karachi regarding fake loan apps has reignited, a senior lawyer has warned those who seek to lure people with their false promises with lofty fees of around 1 million rupees should beware of a “vastly unscrupulous and corrupt legal fraternity” in the city. Speaking to the Daily Times, a senior advocate said these loan applications are “unprofessional”, adding that they have no qualifications, no experience and can do more harm than good in Karachi. He

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“As a licensed lawyer, I have seen a lot of cases where people have lost lakhs of rupees in fraudulent loan apps. Fake loan apps are becoming increasingly common in Karachi and other cities, causing immense damage to people’s lives. Many clients have approached me seeking help and legal redress, but unfortunately, I cannot provide them legal aid.” “Legal aid is not available in these cases, as it is not a crime punishable under the law. However, I can provide a general guide on how to proceed and seek

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I don’t think it’s advisable for anyone to rely on fake loan apps for money. Most of these apps have been created by people without any background in finance or law. These apps often offer loans at high interest rates and penalties, and then refuse to give them back. It is a matter of serious concern, because not only the borrower may suffer, but the bank and the lender also have legal grounds to take legal action against the app developer. The situation is not just limited to Karachi. This is a widespread

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When it comes to loan apps, most customers do not check the details before installing them, but some make significant financial losses by using fake loan apps. It has been observed that fake loan apps are flooding the market, posing a huge threat to consumers. According to the Pakistan Banking Law, banks cannot lend money to persons with insufficient assets, but many fake loan apps enable borrowers to avail loans even on their meager assets. The cost of such loans varies from Rs 5,000 to Rs 15

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