Expert Review
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Newcredit
Newcredit, a prominent lending platform, is a subsidiary of New Edge Finance, a reputable financial institution with a diverse portfolio. Notably, New Edge Finance also owns Easybuy and boasts a robust presence on Google Play Store with over 12 apps.
In terms of borrower relations, Newcredit stands out for its fair and respectful repayment policies. Borrowers are afforded the flexibility to repay their loans gradually, without fear of defamation or negative repercussions from the platform. This approach fosters trust and empowers borrowers to manage their financial commitments at their own pace.
To ensure a smooth repayment experience, borrowers are advised against paying overdue interest once the normal interest and capital amounts have been settled. By adhering to this guideline, borrowers can avoid unnecessary financial strain and maintain control over their repayment journey.
In the event of persistent communication from Newcredit via calls or WhatsApp messages, borrowers have the option to block their contacts and WhatsApp numbers. This proactive measure helps borrowers maintain their privacy and peace of mind, mitigating potential disruptions.
It is strongly recommended that borrowers refrain from borrowing from other loan apps to settle dues with Newcredit. Engaging in such practices may exacerbate financial challenges and lead to a cycle of debt accumulation.
For additional control over communication channels, borrowers can leverage Truecaller by installing it on their mobile phones. Truecaller enables users to identify and block spam calls, including those from lenders like Newcredit, providing an added layer of security and peace of mind.
By embracing Newcredit's transparent and borrower-friendly approach, individuals can effectively manage their financial obligations and build a positive relationship with the platform, ultimately paving the way for financial well-being and stability.
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Secucash
1. They may send SMS notifications to your contacts indicating that you owe them money.
2. If you're just one day overdue, you might receive unpleasant messages via WhatsApp from the loan provider.
3. Repayment plans typically range from 6 to 14 days, which can be challenging for many borrowers.
4. The interest rates on overdue payments can range from 2% to 7% per day, potentially increasing your debt significantly.
5. It's not advisable to repay them if they resort to defaming you. Remember, they've already received their money, and resorting to defamation is their only means of recourse.
6. Since these loan apps are unlicensed, their only recourse is through defamation tactics.
7. Borrowing from another loan app to settle debts with Secucash could worsen your financial situation and lead to serious debt.
8. Consider installing Truecaller on your mobile phone to identify and block calls from Secucash and similar entities.
9. The best solution to break free from loan sharks like Secucash is to stop borrowing altogether.
10. Take proactive steps to block them on WhatsApp and report their activities directly on WhatsApp and Google Play Store.
11. Remember, there are other ways to manage without borrowing from these loan apps. Prioritize your financial well-being and integrity.
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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