Expert Review
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iustus cash
They'll shoot off SMS to your contacts, saying you owe them money.
Brace yourself for a barrage of nasty WhatsApp messages if you're just a day late.
Their repayment plans usually last between 6 to 14 days, making it a real struggle to pay up.
Expect overdue interest rates of 5% to 7% per day, pushing you deeper into debt.
Don't bother paying them back once they tarnish your name. They've already got what they wanted.
Since they're not licensed, they can't take legal action against you. Their only weapon is to smear your reputation.
Avoid borrowing from other loan apps to settle your debts; you'll only dig yourself into a deeper hole.
Use Truecaller to screen and block their calls, sparing yourself unnecessary stress.
The best way to break free from loan sharks is to stop borrowing altogether.
Block them on WhatsApp and report them directly to WhatsApp and Google Play Store to protect others from falling into the same trap.
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Easykash
Protect Your Contacts: If you've downloaded the app outside of the Play Store, you may have unknowingly granted access to your contacts by allowing permission. To safeguard yourself, generate your own disclaimer here:
Create Your Disclaimer.Avoid Loan Agent Scams: Before trusting any loan agent in this or other groups, make sure you understand the risks. Scammers often operate in Facebook groups. Read more about their tactics here:
Learn About Loan Agent Scams.Clearing Your Contacts: Can loan apps really clear your contacts from their database? Learn the truth about this claim here:
Find Out More.Ignore Harassing Messages: If loan agents have already contacted your friends or family, don’t panic. You don’t owe anything beyond your agreement. Focus on moving forward with your life.
Unlicensed Apps Can’t Hurt You: Loan apps that resort to defamation are unlicensed and powerless. Their primary method is to shame you, but legally, they can’t harm you.
Your Contacts Can’t Help: In most cases, your contacts won’t be able to assist, and many are already familiar with the questionable tactics loan sharks use.
Beware of Short-Term Loans: Loans with short durations, such as 7-day terms, often come with high interest rates, threats, and defamation tactics. If you must borrow, choose a licensed lender to avoid these risks.
Debt Can Lead to Bankruptcy: Borrowing from shady loan apps can ruin your finances and push you towards bankruptcy. The best solution is to stop borrowing altogether.
Avoid Paying Overdue Interest: Once you’ve repaid the principal and initial interest, ignore demands for overdue interest from these apps.
Don’t Fall Into a Debt Cycle: Taking a loan to pay off another only deepens your debt. Many loan sharks operate multiple apps, trapping you in a cycle of borrowing.
Use Truecaller to Block Harassment: Install Truecaller to block loan shark calls and report them on WhatsApp and Google Play Store.
Break Free from Loan Sharks: The only true escape from loan sharks is to stop borrowing from them. You thrived before they entered your life—don’t let them ruin your reputation.
Prioritize Your Financial Health: Stay strong and focused on your financial well-being. Remember, health is wealth—don’t let loan sharks put your future at risk!
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Ultracash
They'll shoot off SMS to your contacts, saying you owe them money.
Brace yourself for a barrage of nasty WhatsApp messages if you're just a day late.
Their repayment plans usually last between 6 to 14 days, making it a real struggle to pay up.
Expect overdue interest rates of 5% to 7% per day, pushing you deeper into debt.
Don't bother paying them back once they tarnish your name. They've already got what they wanted.
Since they're not licensed, they can't take legal action against you. Their only weapon is to smear your reputation.
Avoid borrowing from other loan apps to settle your debts; you'll only dig yourself into a deeper hole.
Use Truecaller to screen and block their calls, sparing yourself unnecessary stress.
The best way to break free from loan sharks is to stop borrowing altogether.
Block them on WhatsApp and report them directly to WhatsApp and Google Play Store to protect others from falling into the same trap.
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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