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  Flexi Cash

  Category: Mild Loan

  Interest rate: 52%

  Here's what you should know:

   

  1. They won't hesitate to send SMS to your contacts, letting them know you owe them some cash.

  2. Brace yourself for a flood of not-so-nice messages on WhatsApp if you're just a day overdue.

  3. Their repayment plans usually span from 6 to 14 days, which can be pretty tough to manage.

  4. Watch out for their steep overdue interest rates, ranging from 1% to a hefty 5% per day. That'll just land you in deeper debt.

  5. Don't give in and pay up if they start smearing your name. Remember, they've got their cash when they've defamed you.

  6. Despite being unlicensed, their go-to move is to defame you. Pretty low, right?

  7. Whatever you do, don't try borrowing from another loan app to settle your debts with them. It's a recipe for financial disaster.

  8. Consider installing Truecaller on your phone to screen their calls and block them altogether.

  9. The best way to shake off these loan sharks? Stop borrowing altogether.

  10. If they're causing trouble, don't hesitate to block them on WhatsApp and report their shady practices straight to WhatsApp and the Google Play Store.

  11. Remember, you were doing just fine before they showed up. Don't let them tarnish your reputation or your wallet.

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  PALMPAY FLEXI CASH

  Category: Mild Loan

  Interest rate: 35%

  Here’s what you need to be aware of:

  Broadcasting Your Debt: They won't hesitate to notify your contacts via SMS, alerting them about your debt.

  Harassment on WhatsApp: Be prepared for a barrage of harsh messages if you're even a day late on repayment.

  Tight Repayment Window: Their repayment periods are typically short, ranging from just 6 to 14 days, making it difficult to meet deadlines.

  High Interest on Overdue Payments: Their overdue interest rates can escalate fast, anywhere from 1% to 5% per day, which can quickly sink you deeper into debt.

  Reputation Over Debt: Once they start defaming you, paying them back won’t fix your reputation. They've already achieved their goal by tarnishing your name.

  Unlicensed and Defamatory Tactics: Despite not having proper licensing, their primary strategy is defamation — a cheap shot to force repayment.

  Don't Borrow from Other Loan Apps: Avoid the trap of borrowing from another loan app to pay them back. This will only lead you into a vicious cycle of debt.

  Block Their Calls: Use apps like Truecaller to identify their numbers and block their relentless calls.

  Break Free: The best solution? Stop borrowing from them entirely and free yourself from the cycle.

  Take Action: Block them on WhatsApp, and don’t hesitate to report their unscrupulous behavior to WhatsApp and the Google Play Store.

  Stay in Control: You were managing just fine before they came along. Don’t let their tactics harm your reputation or drain your finances.

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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.

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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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