Hanoi, Dec. 8 -- A lot of money borrowers have been recently cheated on online lending applications which seem to ask for simple procedures at first but then claim cut-throat interest rates.

Searching the key word "Online lending" in Vietnamese on Google, there are more than 49 million results in 0.6 seconds.

Meanwhile, key word "Online lending apps " has over 29 million results in 0.37 seconds of searching.

Online lending apps provide trust-based loans in which mortgage assets are not required and borrowers just need to show personal documents. The loans will be sent via banking accounts immediately.

Taking advantage of high money borrowing demand, black credit criminals have created tricks to trap borrowers with unofficial added fee...