Fairassets Technologies — huge defaults

Website:

faircent.com

Most of the loans start defaults at the very beginning and some times even the first emi is not recd.

They are just concerned with their business and do not have any judgement skills.
I seriously wonder how rbi has grant the license when the first installment defaults.

they are just cajoling and luring investors by promising high returns.

two of my loans out of nine has defaulted at first and second installments
the standard reply is that they do not guarantee but also they do not have any moral responsibility . i wonder who has allowed to run them a lending business where even the first emi is not paid back and one just runs away after getting the loan.