Expert Review
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VibeCash
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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Nicenaira
- They’ll send SMS blasts to your contacts, claiming you owe them money.
- Be ready for a flood of nasty WhatsApp messages if you’re even a day late.
- Their repayment windows are ridiculously short—just 6 to 14 days—making it nearly impossible to repay on time.
- Expect daily overdue interest rates between 5% and 7%, pushing you deeper into debt.
- Once they’ve trashed your reputation, paying them back is pointless—they’ve already hit their goal.
- Since they’re unlicensed, they can’t take legal action. Ruining your name is their only weapon.
- Don’t borrow from other loan apps to clear your debt—it’ll only dig you into a deeper hole.
- Use Truecaller to block their calls and protect your peace of mind.
- The best way to beat loan sharks? Stop borrowing altogether.
- Block them on WhatsApp and report them to both WhatsApp and Google Play Store to stop others from falling into their trap.
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Rocket Loan
No Public Shaming, But Gentle Nudges: They won't blast your contacts like some loan sharks, but expect friendly (or not-so-friendly) reminders to pay up. Remember, open communication is key, so talk to them about your repayment plan if needed.
Overdue Fees: Pay or Don't, It's Up to You: Like most loan apps, they charge extra for late payments. But here's the twist: once you pay the original loan and regular interest, you don't have to pay the late fees. Sounds good, right? Just remember, paying them all off helps your credit score.
Block Annoying Calls (But Maybe Don't): If their reminders feel like harassment, use Truecaller to block their numbers. However, blocking completely might shut off potential repayment solutions.
Say NO to the Debt Spiral: This one's crucial! Only use Rocket Loan if you're 100% sure you can repay on time. Borrowing from another app to pay them is a recipe for disaster!
Truecaller for Selective Blocking: You can use Truecaller to identify and block their calls if needed. But remember, clear communication is often better than shutting them out completely.
Your Options Are Wide Open: Don't feel pressured to borrow if you're not comfortable. Explore other solutions like budgeting, finding extra income, or seeking financial advice before jumping into any loan, even one with "secure savings" in the name.
Your Well-being is Top Priority: Remember, your financial peace of mind and good credit score are crucial. Use Rocket Loan responsibly and only if you understand their terms, interest rates, and repayment options. It's always best to borrow what you can truly afford to pay back.
In the end, there's no magic app for instant wealth. Be cautious, make informed decisions, and remember, you have options beyond loan apps!
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Oyescredit
No Public Shaming, But Gentle Nudges: They won't blast your contacts like some loan sharks, but expect friendly (or not-so-friendly) reminders to pay up. Remember, open communication is key, so talk to them about your repayment plan if needed.
Overdue Fees: Pay or Don't, It's Up to You: Like most loan apps, they charge extra for late payments. But here's the twist: once you pay the original loan and regular interest, you don't have to pay the late fees. Sounds good, right? Just remember, paying them all off helps your credit score.
Block Annoying Calls (But Maybe Don't): If their reminders feel like harassment, use Truecaller to block their numbers. However, blocking completely might shut off potential repayment solutions.
Say NO to the Debt Spiral: This one's crucial! Only use OyesCredit if you're 100% sure you can repay on time. Borrowing from another app to pay them is a recipe for disaster!
Truecaller for Selective Blocking: You can use Truecaller to identify and block their calls if needed. But remember, clear communication is often better than shutting them out completely.
Your Options Are Wide Open: Don't feel pressured to borrow if you're not comfortable. Explore other solutions like budgeting, finding extra income, or seeking financial advice before jumping into any loan, even one with "secure savings" in the name.
Your Well-being is Top Priority: Remember, your financial peace of mind and good credit score are crucial. Use OyesCredit responsibly and only if you understand their terms, interest rates, and repayment options. It's always best to borrow what you can truly afford to pay back.
In the end, there's no magic app for instant wealth. Be cautious, make informed decisions, and remember, you have options beyond loan apps!
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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.
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Lendmax
- They may send SMS notifications to your contacts, falsely stating that you owe them money.
- Be prepared for a barrage of unpleasant messages on WhatsApp if you miss even a single payment.
- Their repayment terms usually range from 6 to 14 days, which can make it incredibly difficult to pay off your debts.
- Expect daily late fees that can vary from 5% to 7%, further complicating your financial situation.
- Once they damage your reputation, their goal is accomplished, and they may no longer pursue repayment.
- Lacking a proper license, they are unable to take legal action against you; their strategy primarily involves reputational harm.
- Avoid the temptation to borrow from other loan apps to pay off these debts, as this could exacerbate your financial troubles.
- Use Truecaller to identify and block their calls, helping you to avoid unnecessary stress.
- The best way to free yourself from predatory lending practices is to stop borrowing entirely.
- Consider blocking them on WhatsApp and reporting their activities directly to WhatsApp and the Google Play Store to help prevent others from becoming victims of their tactics.
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Tcredit app
1. They will send SMS messages to your contacts, claiming that you owe them money.
2. Prepare yourself for an onslaught of unpleasant WhatsApp messages if you are even a day late.
3. Their repayment schedules typically range from 6 to 14 days, making it extremely challenging to settle your debts.
4. Anticipate daily overdue interest rates ranging from 5% to 7%, pushing you further into debt.
5. Once they tarnish your reputation, there is no need to repay them. They have already achieved their goal.
6. Since they lack a license, they are unable to pursue legal action against you. Their sole tactic is to damage your reputation.
7. Avoid borrowing from other loan apps to clear your debts; this will only worsen your situation.
8. Utilize Truecaller to screen and block their calls, sparing yourself unnecessary stress.
9. The most effective way to break free from loan sharks is to cease borrowing altogether.
10. Block them on WhatsApp and report them directly to WhatsApp and Google Play Store to prevent others from falling victim to the same scheme.
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
What people are saying
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