Expert Review
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BGloan
Let's discuss the practices of BGloan and how to navigate them effectively.
Initially, it's important to note that BGloan has certain approaches that may cause distress. Firstly, they have a tendency to send SMS messages to your contacts informing them of your indebtedness. Additionally, once your payment is overdue, they resort to sending derogatory messages via WhatsApp to your contacts, starting as early as one day past due.
BGloan typically offers repayment plans ranging from 6 to 14 days, which can often be challenging to fulfill. Furthermore, their overdue interest rates range from 2% to 7% per day, potentially exacerbating your financial burden.
It's crucial to resist the urge to repay BGloan once they resort to defamation tactics. This only serves to validate their methods, and they derive their profit when they tarnish your reputation.
It's worth noting that BGloan operates as an unlicensed loan app, limiting their recourse to defamation as their primary tool. Borrowing from another loan app to repay them only perpetuates the cycle of debt, as they often have multiple apps available on mobile app stores.
To mitigate their impact, consider installing Truecaller on your mobile device to identify and block their calls and contacts. Blocking them on WhatsApp and reporting their activities directly on platforms such as WhatsApp and Google Play Store can also serve as a proactive measure.
Ultimately, the most effective solution to break free from the clutches of loan sharks like BGloan is to cease borrowing from them altogether. Remember, your integrity and financial well-being are paramount, and there are alternative means of support and survival beyond their offerings.
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Wecredit loan app
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!
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NCREDIT
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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Fitloan
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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