• 

  Elephant Loan

  Category: Dangerous Loan

  Interest rate: 55%

   

  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.

   

• 

  PrimePay

  Category: Dangerous Loan

  Interest rate: 40%

  Do They Defame?
  If you download the app from the Play Store, they do not have access to your contacts, so they cannot defame you. However, if you download it from external sources like WhatsApp or through a link, be assured that they will defame you. They may even go as far as contacting you on social media. Never download loan apps outside of the Play Store or Apple Store.

  Overdue Fees
  You can be charged between 2% to 10% daily on overdue interest. Never pay for overdue interest; only pay back the principal amount if you must. Once they defame you, do not pay again.

  Block Annoying Calls (But Maybe Don't)
  If their reminders feel like harassment, use Truecaller to block their numbers. However, blocking them completely might prevent you from finding potential repayment solutions.

  Say No to the Debt Spiral
  This is crucial! Only use Pitch Capital Credit if you're 100% sure you can repay on time. Borrowing from another app to pay them is a recipe for disaster!

  Use Truecaller
  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 Pitch Capital Credit 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!
  Stop borrowing from loan apps.

---

Step by step guide to break free from loan apps

---

What you should know

• 

  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

---