Thursday, March 27, 2025

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loan shark

Cho vay 1 triệu, thu lãi 20.000 đồng/ngày có phải là cho vay nặng lãi?

Lending 1 million and earning 20,000 VND/day in interest is considered usury?

Question: I need money so I borrow money from outside. People lend money at daily interest rates, for every 1 million VND, I have to pay 20,000 VND/day. Is charging interest like that considered usury?

"Machine" lends 1,600 billion VND via business app with exorbitant interest rates

On the afternoon of August 31, the court sentenced 135 people who participated in a 3-year loan sharking "machine" in Vietnam with 120,000 customers, a total of more than 1,600 billion VND, and illegal profits of more than 730 billion VND.
Loan sharking, throwing dirty substances into houses to collect debts, 4 men in Gia Loc were heavily fined

On July 31, the Chairman of the Gia Loc District People's Committee (Hai Duong) decided to fine Nguyen Van Canh (born in 1996, in Gia Loc town) 19 million VND for loan sharking and preparing dirty substances for others to throw away.

A Hai Duong man leads a loan shark ring by managing iCloud accounts.

The leaders of the loan sharking groups in this ring include: Do Thanh Ton (born in 2000, in Dong Son commune, Tam Diep city, Ninh Binh province); Vu Van Phong (born in 2004, in Hong Phong commune, Thanh Mien district, Hai Duong province)...