Showing posts from April, 2019

Digital Lending Safety Measures

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Technology and the Internet has really made our life easier. We can do everything, from controlling our appliances to ordering food. Recently, there's a new trend in town: You can borrow money, digitally.

Yes, that's right. Since your financial records are available and stored digitally (your savings, transactions, and shopping history), lending companies can monitor them and help them decide whether you're eligible for a loan or not.

Unfortunately, that doesn't come without consequences. At least in Indonesia, unregulated lending companies offer easy loan with unrealistic interest rates, data misuse, and even abuse. There have been reports and victims from these "digital loan sharks". One even committed suicide.

That is exactly why I'm writing this article. To give you some tips on how to avoid these loan sharks, and if possible, make you ask yourselves whether you need to take the loan…