Expert Review
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EaseMoni
Let's dive into EaseMoni and what you need to know:
1. They're legit loan apps, fully registered and approved.
2. You won't find them spreading rumors or tarnishing your name.
3. If you don't hold up your end of the deal, they'll escalate the matter to the right authorities.
4. Their overdue interest rates are fair, but once you've paid off the principal and initial interest, you can choose not to pay the overdue charges.
5. Avoid the temptation to borrow from other loan apps to settle your debts. Instead, pay them back when you have the funds, even if it takes a few months.
6. Use Truecaller on your phone to screen calls from them, giving you the option to dodge their calls if you're not in the mood to chat.
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Okash
- Okash is a legit and authorized loan app, so you're in safe hands.
- They won't tarnish your reputation or spread rumors about you.
- If you default on your payments, they'll take the necessary steps and report the matter to the appropriate authorities.
- While their overdue interest rates are fair, you have the option to skip paying them back once you've settled the principal and initial interest.
- Avoid borrowing from other loan apps to settle your debt with Okash. Instead, pay them back when you have the funds available. You can even stretch out your payments over several months, just make sure to honor your commitment.
- Consider installing Truecaller on your phone to identify and block their calls if you'd rather not engage with them.
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Palm Credit
PalmCredit is a reputable lending platform committed to delivering valuable financial assistance while prioritizing borrower satisfaction. Here are key considerations to keep in mind when interacting with PalmCredit:
1. Respectful Repayment Practices
PalmCredit maintains a respectful and supportive approach toward repayments. If borrowers choose to repay gradually, the platform does not engage in defamatory or harmful practices. This allows you to manage your repayments at your own pace without the fear of negative consequences or reputational damage.
2. Interest Payment Guidelines
PalmCredit advises borrowers to pay only the regular interest and principal amount when clearing their loans. You are not required to pay overdue interest after settling the initial loan terms. Following this guideline helps prevent unnecessary financial pressure and ensures a smoother repayment experience.
3. Managing Communication
If you experience persistent calls or WhatsApp messages from PalmCredit after the loan period, it's recommended that you block their contact numbers. After 30 days, you should stop receiving further communications. This proactive step allows you to maintain peace of mind and avoid unnecessary distractions during your financial recovery.
4. Avoid Borrowing to Repay
It’s strongly discouraged to borrow from other loan apps to repay PalmCredit loans. Engaging in such practices could lead to a dangerous cycle of debt and financial instability, making it harder to regain financial balance. Focus on managing repayments within your own means to avoid compounding challenges.
5. Use Truecaller for Blocking Unwanted Calls
To minimize unwanted calls from lenders like PalmCredit, you can install Truecaller on your mobile device. This app helps identify and block spam calls, giving you control over your communication and helping prevent disruptions from loan service providers.
By following these guidelines and taking advantage of PalmCredit's borrower-friendly policies, you can effectively manage your loan repayments and maintain a healthy financial relationship with the platform.
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Palmpay
When considering loans from PalmPay, it’s crucial to be aware of the following practices:
1. Broadcasting Your Debt
PalmPay may not hesitate to inform your contacts via SMS about your outstanding debt. This tactic is aimed at putting pressure on you to repay quickly.
2. Harassment on WhatsApp
If you're even a day late on repayment, you can expect to receive a barrage of aggressive messages through WhatsApp. This can be overwhelming and adds stress to an already difficult situation.
3. Tight Repayment Window
PalmPay typically has short repayment periods ranging from 6 to 14 days, making it challenging to meet deadlines and manage your finances effectively.
4. High Interest on Overdue Payments
Overdue payments can incur high interest rates that escalate quickly, ranging from 1% to 5% per day. This can lead to a rapid accumulation of debt, making it difficult to regain control of your financial situation.
5. Reputation Over Debt
Once PalmPay starts defaming you, simply repaying the debt may not restore your reputation. Their actions can tarnish your name long after the debt is settled.
6. Unlicensed and Defamatory Tactics
Even if PalmPay operates without proper licensing, their primary strategy often relies on defamation—a cheap and unethical way to compel repayment.
7. Avoid Borrowing from Other Loan Apps
Refrain from borrowing from other loan apps to repay PalmPay. This can trap you in a vicious cycle of debt that becomes increasingly difficult to escape.
8. Block Their Calls
Utilize apps like Truecaller to identify and block persistent calls from PalmPay. This can help reduce stress and interruptions in your daily life.
9. Break Free
The most effective solution is to stop borrowing from PalmPay entirely. Free yourself from their cycle of debt and regain control over your finances.
10. Take Action
If PalmPay engages in unscrupulous behavior, don’t hesitate to block them on WhatsApp and report their actions to WhatsApp and the Google Play Store.
11. Stay in Control
Remember, you were managing your finances just fine before PalmPay entered the picture. Don't let their tactics damage your reputation or drain your finances. Take charge of your financial future today!
Step by step guide to break free from loan apps
What you should know
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Any loan sharks that defame are never linked to the credit bureau in anyway and all they say to you are lies.
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Loan shark money cannot help solve anybody matter to better 40% - 70% in 7 days, they are simply misery compounders!! Do away with them.
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Loan Apps major aim is to make outrageous profit from people and render people bankrupt. Dont be a victim
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