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  Nicenaira

  Category: Mild Loan

  Interest rate: 35%

   

  1. They’ll send SMS blasts to your contacts, claiming you owe them money.
  2. Be ready for a flood of nasty WhatsApp messages if you’re even a day late.
  3. Their repayment windows are ridiculously short—just 6 to 14 days—making it nearly impossible to repay on time.
  4. Expect daily overdue interest rates between 5% and 7%, pushing you deeper into debt.
  5. Once they’ve trashed your reputation, paying them back is pointless—they’ve already hit their goal.
  6. Since they’re unlicensed, they can’t take legal action. Ruining your name is their only weapon.
  7. Don’t borrow from other loan apps to clear your debt—it’ll only dig you into a deeper hole.
  8. Use Truecaller to block their calls and protect your peace of mind.
  9. The best way to beat loan sharks? Stop borrowing altogether.
  10. Block them on WhatsApp and report them to both WhatsApp and Google Play Store to stop others from falling into their trap.
• 

  Fri Moni

  Category: Mild Loan

  Interest rate: 35%

  Send firm replies to loan app agents to stop their cyberbullying and blackmail. 

  The fastest way to stop cyberbullying is to stand up and fight back!

  fight back they will leave you alone within a few days. but If you can't handle them simply block them using Truecaller to have peace of mind

• 

  Tloan

  Category: Dangerous Loan

  Interest rate: 57%

  Tloan, These guys might seem like a quick fix, but trust me, they can turn into a major headache. Here's the lowdown on why you should steer clear:

   

  1. Shameful Tactics: Forget polite reminders. These apps blast your contacts, painting you as a defaulter even after a day's delay. They might even spam your WhatsApp with nasty messages, tarnishing your reputation in a heartbeat.

   

  2. Crushing Deadlines: They offer loans with super-short repayment periods, like 6-14 days. It's like setting you up to fail, leading to...

   

  3. Debt Spiral: Their insane interest rates (think 2% to 7% per DAY!) trap you in a cycle of debt. Borrowing from another app to pay them off? Bad idea. You'll just end up deeper in their clutches.

   

  4. Empty Threats: Don't let their bullying tactics scare you. These apps often operate outside the law, so their threats are mostly just noise. They can't really do anything to you, except try to shame you.

   

  5. Breaking Free: Here's the key: stop borrowing. It's tough, but it's the only way to escape their grip. Remember, you survived before they came along. You can do it again.

   

  Here's your action plan:

  • Install Truecaller: Identify and block their calls.
  • Block them on WhatsApp: Cut off communication.
  • Report them: Flag them on WhatsApp and the app store.
  • Seek help: Talk to trusted friends or family, or consider professional financial advice.

   

  Remember, your dignity and peace of mind are worth more than any quick loan. Don't let these loan sharks drag you down. Take back control and build a brighter future, one step at a time.

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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.

• 

  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

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