Expert Review
-
Aella
First off, you'll be relieved to know that Aella doesn't engage in defamation tactics. Unlike some other loan apps out there, they won't resort to sending derogatory messages to your contacts or tarnishing your reputation.
However, it's essential to understand that Aella takes repayment seriously. If you fail to meet your repayment obligations, they won't hesitate to report you to the appropriate authorities. So, it's crucial to honor your commitments and repay your loans on time to avoid any legal consequences.
When it comes to interest rates, Aella is relatively reasonable. Their overdue interest rates are fair, but here's the catch: once you've paid off the capital and initial interest rate, you have the option to forego paying any further overdue interest. This flexibility can be a lifesaver if you find yourself in a tight spot financially.
Now, let's talk about borrowing responsibly. A golden rule to remember is never to borrow from another loan app to repay your debt to Aella. This will only exacerbate your financial woes and could lead to a vicious cycle of debt. Instead, prioritize paying off your loans when you have the means to do so. If necessary, you can spread out your payments over several months, but make sure you stick to your repayment plan.
To help you manage incoming calls and avoid unwanted contact from Aella, consider installing Truecaller on your mobile phone. This handy app lets you identify callers and block numbers, giving you more control over who can reach you.
In summary, while borrowing from Aella can be a convenient way to meet your financial needs, it's essential to do so responsibly. By honoring your repayment commitments, avoiding borrowing from other loan apps, and staying vigilant with Truecaller, you can navigate your borrowing experience with confidence.
Remember, financial responsibility is key to maintaining a healthy financial future.
-
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.
-
Sokoloan
When dealing with Sokoloan, the most notorious of all dangerous loan apps, it's crucial to understand the intricacies of repayment. Here's what you need to know:
Unregistered: Sokoloan operates without proper registration as a loan app. This means they operate outside legal guidelines and regulations Though they are a registered company in Nigeria, they have many apps that are not traced to the company.
Derogatory Messages: Sokoloan is notorious for sending disrespectful or offensive messages to your contacts. This behavior can be harmful and embarrassing. Once they resort to such tactics, it's clear they've collected their money and any further payment may not undo the damage. If they demand payment, be prepared to challenge them legally.
Defamation: Sokoloan is infamous for tarnishing borrowers' reputations, even before their due date arrives. Their actions can have lasting consequences, making repayment futile.
Install TrueCaller: Protect yourself from Sokoloan's harassing calls by installing TrueCaller, an app that identifies and blocks spam calls.
Block Auto Debit: Prevent Sokoloan from automatically debiting your bank account by blocking your bank card. Visit your bank to request a replacement card.
Block on WhatsApp: Block Sokoloan's contact on WhatsApp to stop receiving messages. Additionally, report their behavior on WhatsApp to alert the platform.
Report to App Stores: If Sokoloan has multiple apps on platforms like Google Play Store, report them to the respective app stores. This helps warn others about their behavior and may lead to the removal of their apps.
Taking these steps is crucial to safeguard yourself from further harassment or harm by Sokoloan.
-
WeCredit
While it might seem like a magic wand, there are some things to consider that could turn into a major headache. Remember, knowledge is power!
Public Shame? No Thanks!
These guys might not play nice. If you're even a day late on a payment, they could blast embarrassing messages about your loan to your friends and family. Imagine your phone blowing up with texts saying you owe money! Not cool, right?
Short Fuse, Big Charges:
They often give you super short deadlines to repay, like 6 to 14 days. That's barely enough time to make instant noodles, let alone gather the cash, especially if you're already strapped. And here's the kicker: if you miss that deadline, the interest rates go crazy, jumping 2% to 7% every single day. Ouch! That's like jumping from a frying pan into a fire, not getting out of debt.
Don't Reward Shame with Payment:
Here's the key: if they resort to public shaming, DON'T PAY THEM BACK! They already got their revenge by embarrassing you. Remember, these apps often operate outside the law, so their threats are mostly smoke and mirrors. Don't let them bully you!
Break Free from the Cycle:
The only way to truly escape their grip is to STOP BORROWING from them altogether. I know it's tough, but trust me, it's better than being constantly harassed and stuck in a cycle of debt. You were living before WeCredit, and you'll find a way again. Be creative, be patient, but don't borrow anymore!
Fight Back and Protect Yourself:
To stay safe, use apps like Truecaller to identify their calls and block their numbers. You can also report them directly to WhatsApp and the app store. Let them know their tactics are unacceptable!
Your Worth is More Than a Loan:
Remember, your self-respect and well-being are worth more than any quick loan. Don't let WeCredit or any other app bully you. By staying informed and taking action, you can break free and get back to living life on your own terms. You've got this!
Remember, there are other options. Talk to trusted friends or family, or seek help from organizations that offer financial counseling and support. Don't let loan apps trap you in a cycle of debt and shame. You deserve better!
Step by step guide to break free from loan apps
What you should know
-
Any loan sharks that defame are never linked to the credit bureau in anyway and all they say to you are lies.
-
Loan shark money cannot help solve anybody matter to better 40% - 70% in 7 days, they are simply misery compounders!! Do away with them.
-
Loan Apps major aim is to make outrageous profit from people and render people bankrupt. Dont be a victim
What people are saying
Add a review
Your comment could save a life! Share your experience with loan apps and help others escape the clutches of Loan Shark Apps.
