Write a letter to the editor of a newspaper regarding access to easy loans for purchasing different things which is causing financial burden on families. Pls it is urgent
Answers
145 – F
Green Enclave
Phase 4
City
June 28, 2018
The Editor
The Times of India
Phase 4
City
Subject: Trap of easy loans
Sir:
I am writing to your good self to bring to the notice of concerned authorities and people in general the ill practice of swindling and fleecing innocent people in the name of easy loans by many finance companies.
These finance companies trap needy people by giving misinformation about terms and conditions and interest rates. Once trapped, the borrowers get trapped in the grind of paying installments for a long time. The Government has not done anything to protect people from such fraudulent companies. The Government’s inefficiency in this regard can be judged form Vijay Malya and Nirav Modi’s examples.
The Government must make some very strict rules and foolproof system to nip such ill practices as these in bud. I appeal to the people also not to be lured by these types of finance companies. Kindly give my views enough space in your esteemed daily.
Thanking you.
Yours truly,
Nishant