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Payday loans provide quick relief but come with high interest rates and aggressive recovery tactics. Understanding borrower rights and protections in repayment is essential to avoid debt traps and exploitation.
Can banks seize your property without a court order? Understand your rights as a borrower, the differences between secured and unsecured loans, and the legal steps banks must follow before taking action.
Consumer protection agencies play a crucial role in protecting borrowers from harassment during loan settlements, ensuring ethical practices and grievance redressal.