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  Zemcash

  Category: Dangerous Loan

  Interest rate: 35%

  App Download Warning: If you downloaded the ZemCash app from outside the Play Store, be aware that you may have granted the app access to your contacts by giving it permission. Protect yourself by generating your own disclaimer here: Generate Disclaimer.

  Avoid Loan Agent Scams: Before falling victim to loan agents in online groups, read about how these agents are scamming people on social media. Stay informed and protect yourself from fraud: Read More.

  Clearing Contacts Myth: No one can clear your contacts from a loan app’s database. Find out the truth behind this claim: Is It Possible?.

  Ignore Harassing Messages: If your friends or family have been contacted by a loan app, don't worry. You owe them nothing more. Move forward with your life and focus on what matters.

  Unlicensed Apps Can’t Harm You: Loan apps that resort to defamation are not legitimate. They have no legal power over you and rely solely on shame as a tactic.

  Your Contacts Can't Save You: Most of your contacts won’t be able to help, and they are likely aware of the unscrupulous tactics used by loan apps.

  Beware of Short-Term Loans: Loans with very short durations and high interest rates often lead to harassment and threats. Avoid unlicensed lenders and opt for trusted, licensed options if necessary.

  Debt Can Lead to Bankruptcy: Borrowing from unregulated apps can ruin your financial health and lead you into bankruptcy. The best way to protect yourself is to stop borrowing altogether.

  Avoid Overdue Interest: If you’ve already paid the principal and original interest, ignore demands for overdue interest. Don’t be bullied into overpaying.

  Don’t Cycle Debts: Avoid taking out new loans to repay old ones. Loan sharks operate through multiple apps, leading you deeper into debt.

  Use Truecaller to Block: Install Truecaller on your phone to block loan shark calls. You can also report them through WhatsApp and the Google Play Store to protect yourself and others.

  Break Free from Loan Sharks: The only way to escape loan sharks is to stop borrowing. You survived before they came into your life; don’t let them tarnish your reputation now.

  Prioritize Your Financial Well-being: Your health is your wealth. Don’t allow loan sharks to jeopardize your future. Stay strong, informed, and in control of your finances.

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Step by step guide to break free from loan apps

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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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