Covid-19 has become a nightmare for the world, as we struggle mentally and financially in these difficult times. All of us, especially those who are forced to repay loans to banks in these difficult times, need someone to protect us from those who extort credit cards, interest payments on loans. The founder and general secretary of the union Dhadak Kamgar, the eminent union leader Abhijeet Rane, therefore came forward to protect the public against these extortionists.
With their ease of use and convenient repayment options, credit cards have become an integral part of our lives. The discounts, incentives and bargains of a credit card are unmatched by any other financial product and promise a jackpot for the smart user. On the flip side, credit cards can become debt traps if they’re not handled wisely or if you spend more than you can pay off when the bill arrives. The most important advantage of a credit card is the ease of obtaining credit. Credit cards work on a deferred payment system, which means you can use your card now and pay for purchases later. However, there are some drawbacks to using credit cards, including high interest rates. If you don’t pay your bills by the due date, the amount is deferred and interest is charged. And it can become a huge amount if the interest is not paid on time which is a huge problem for borrowers to repay loans.
Abhijeet Rane sent a strong message of support to the public, especially those in need of credit card protection and loan interest extortionists in these difficult times.
He said in the post: âYour own union Dhadak Kamgar and the Abhijeet Rane Youth Foundation took place during the Covid-19 pandemic, and the lockdown raised 36 social issues to bring relief to the hard-working community and to the workers of the company.
To that end, we are now waging war against those who extort credit cards, interest payments on loans. We firmly want justice to be done to the injured party.
The government and the Reserve Bank have paused the collection of each loan during this period of Covid-19. But those who have a credit card and have taken out a loan from a bank or credit company are threatened with paying off the credit card and interest on the loan these days. It should be noted that the Reserve Bank, as well as central and state governments, provided loan repayment and interest relief during this period. All loan collections have been suspended, but many nationalized, private and cooperative banks and credit societies are resorting to extortion to spread terror and recover the money by force.
Many poor and middle-class workers, laborers and other people have been financially devastated as a result of unemployment during the pandemic. Many others even committed suicide because of starvation. Therefore, extortion of credit cards and interest payments on loans is a crime against humanity.
âIf you are one of the victims, who are threatened with repaying the loans, you can file your complaint with us immediately. We will report it in our four journals. Suppose you have taken out loans from the government. In this case, private banks, co-ops, credit companies, your credit card is overdue and being bullied into paying off loans. We will do you justice. I will, âDhadak Kamgar Union.
In addition to being the founder and general secretary of the Dhadak Kamgar Union, Abhijeet Rane is also editor-in-chief of the Daily Mumbai Mitra and of the Daily Vrutt Mitra, of the Vast Media Group. He always takes the lead in resolving the grievances of the working poor, and the war on credit card and loan interest extortionists is not just an empty promise. www.dhadakkamgarunion.com