Covid-19 has become a night mare for the world, as we are struggling mentally as financially during these tough times. We all, especially those who are being forced to pay back loans to banks in these difficult times, need someone to protect us from those who extort credit cards, loan-interest installments. The Founder & General Secretary of Dhadak Kamgar Union, Prominent Labour Leader Abhijeet Rane, has hence come forward to act as a shield for the public against these extortionists.

With their simplicity of use and handy pay-back options, credit cards have become an integral part of our lives. A credit card’s discounts, incentives, and bargains are unrivaled by any other financial product and promise a jackpot for the intelligent user. Credit cards, on the other hand, can become debt traps if not handled wisely or if you spend more than you can repay when the bill arrives. The most significant benefit of a credit card is the ease with which credit can be obtained. Credit cards operate on a deferred payment system, which means you can use your card now and pay for your purchases later. However, there are some negatives to using credit cards, including hefty interest rates. If you do not pay your bills by the due date, the amount is carried forward and interest is levied. And it can become a massive amount if the interest is not paid on time, resulting to a huge problem for borrowers to repay the loans.

Abhijeet Rane has issued a strong message in support of the public, especially those who need protection from the credit card, and loan-interest extortionists, in these tough times.

He says in the message, “Your own Dhadak Kamgar Union and Abhijeet Rane Youth Foundation has during the Covid-19 pandemic and lockdown picked up 36 social issues to bring relief to the hardworking community and laborers of society.

Towards this end, we are now waging a war against those who extort credit cards, loan-interest installments. We strongly want to bring justice to the aggrieved party.

The government and the Reserve Bank has pressed pause on the recovery of every loan during this Covid-19 period. But, those who are credit card holders and have taken a loan from a bank or credit society, are being threatened to repay the credit car and loan-interest installment these days.It may be noted that the Reserve Bank along with the Central and State Governments has given relief for repayment of loans and interest during this period. All loan recovery has been currently suspended, but many nationalised, private and cooperative banks and credit societies have hired extortion hired who spread terror to forcefully get the money back.

Many poor and middle class workers, laborers, and other such people have been financially devastated due to unemployment during the pandemic. Many others have even committed suicide because of starvation. Hence, extortion of credit card, and loan-interest installments is a crime against humanity.

If you are one the victims, who are being threatened to pay back the loans, you can file your complaint with us immediately. We will report it in all four of our newspapers If you have taken loans from government, private, cooperative banks, credit societies, your credit card is outstanding and are being bullied to repay the loans, we will bring you justice. Will definitely do it.”

Besides being Founder & General Secretary of Dhadak Kamgar Union, Abhijeet Rane also serves as Group Editor, Daily Mumbai Mitra & Daily Vrutt Mitra, VastMedia Group. He always takes the lead in resolving the grievances of the poor laborers, and the war against the credit card, and loan-interest extortionists is not just an empty promise. www.dhadakkamgarunion.com