Expert Review
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Loan Naira
When dealing with Loan Naira, it's crucial to understand certain aspects of repayment. Here's what you need to know:
Derogatory Messages: If Loan Naira has sent disrespectful or offensive messages to your contacts, it can be harmful and embarrassing. However, once they've crossed that line, paying them back may not resolve the issue. Consider seeking legal recourse instead.
Defamation: If Loan Naira has already tarnished your reputation with derogatory messages, paying them back may not undo the damage. It's important to weigh your options and consider seeking legal advice.
Install TrueCaller: TrueCaller is a phone app that helps identify and block spam calls. Installing this app can help you identify and block unwanted calls from Loan Naira.
Block Auto Debit: To prevent Loan Naira from automatically debiting money from your bank account, it's important to block your bank card. Visit your bank to request a new card.
Block on WhatsApp: You can block Loan Naira's contact on WhatsApp to stop receiving messages from them. Additionally, report them on WhatsApp to alert the platform about their behavior.
Report to App Stores: If Loan Naira is available on Google Play Store or iOS, report the app to the respective app store. This helps warn others about the app's behavior and may result in its removal from the store.
Taking these steps can help protect yourself from further harm or harassment by Loan Naira.
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9Credit
Let's address 9Credit and its operations. To begin, it's essential to understand that regardless of the loan amount provided, repayment must occur within a maximum period of 7 days, as their repayment tenure does not exceed this timeframe.
Moreover, instead of directly contacting you about outstanding debts, 9Credit opts to send SMS notifications to your contacts, informing them of your indebtedness. Additionally, if you fail to meet repayment deadlines, they resort to sending disparaging messages via WhatsApp to your contacts, starting as soon as one day after the due date.
Typically, their repayment plans span from 6 to 14 days, presenting challenges for borrowers in meeting their financial obligations. Adding to the burden is the high overdue interest rate, ranging between 5% to 7% per day, which can quickly escalate your debt.
It's important to refrain from repaying them once they resort to defaming you, as this only serves to enrich them. Despite being unlicensed loan apps, 9Credit and similar services lack legal authority. Their primary recourse is to tarnish your reputation.
Attempting to borrow from other loan apps to repay 9Credit only worsens your financial situation. Given their multiple apps available on mobile app stores, borrowing from another source may inadvertently lead to borrowing from them again, plunging you into further debt.
Consider installing Truecaller on your mobile device to identify and block their calls, providing a measure of protection. Additionally, blocking them on WhatsApp and reporting their activities directly on WhatsApp and Google Play Store can serve as deterrents.
Ultimately, the most effective solution to break free from the grip of loan sharks like 9Credit is to cease borrowing altogether. By taking control of your finances and avoiding further indebtedness, you can safeguard your financial well-being in the long run.
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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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Xcash
Xcash, a leading financial service provider, operates under the umbrella of New Edge Finance, a renowned financial institution with an extensive portfolio. Notably, New Edge Finance also owns Easybuy and boasts a diverse range of apps, including Palmcredit, Xcrosscash, Newcredit, and many more, available on Google Play Store.
One distinguishing feature of Xcash is its commitment to fair and respectful borrower relations. Borrowers can repay their loans gradually without fear of defamation or negative consequences from the platform, fostering a trusting and supportive environment for borrowers.
To ensure a smooth repayment process, borrowers are advised against paying overdue interest once the normal interest and capital amounts have been settled. This practice helps borrowers manage their finances effectively and avoid unnecessary financial strain.
In the event of persistent communication from Xcash via calls or WhatsApp messages, borrowers have the option to block their contacts and WhatsApp numbers. This proactive step enables borrowers to maintain their privacy and peace of mind, minimizing potential disruptions.
It is strongly recommended that you refrain from borrowing from other loan apps to settle dues with Xcash. Doing so may exacerbate financial challenges and lead to a cycle of debt accumulation.
For enhanced control over communication channels, you can leverage Truecaller by installing it on their mobile phones. Truecaller empowers you to identify and block spam calls, including those from lenders like Xcash, providing an added layer of security and convenience.
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Carbon
Carbon is a trustworthy loan app authorized by the Nigeria government. They respect your privacy and won't call your contacts or guarantors. However, it's important to settle overdue payments promptly. Carbon is like a bank and can report unpaid debts to credit agencies, which might hurt your credit score. This could make it hard to get loans from other places, like banks, in Nigeria. It may take up to 6 months to rebuild your credit score, even after you pay off your debt.
If you owe money to Carbon, try to pay it back gradually. You can split your payments over a few months, like paying ₦1,000 each month, based on what you owe. Don't rush to pay it all at once to avoid stress.
Always pay back Carbon your loans. Don't borrow from other loan apps to pay them back, as this could make your financial situation worse.
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Branch
Branch Loan App is a safe lending platform approved by the Federal government. They prioritize customer privacy and won't contact your phone contacts or guarantors. However, it's crucial to repay overdue loans promptly. Branch Loan App is a registered Microfinance Bank and can report unpaid debts to credit bureaus, which may harm your credit score. This could affect your ability to obtain loans from other financial institutions such as Banks in Nigeria, and rebuilding your credit score may take up to 6 months, even after repayment.
If you have outstanding loans with Branch Loan App, consider repaying them at a comfortable pace. You can spread your payments over several months, such as ₦2,000 per month, depending on your outstanding balance. Avoid rushing to repay all at once to avoid undue pressure.
Always repay Branch Loan App in installments. Avoid borrowing from other loan apps to settle your debts, as this may lead to further financial difficulties.
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FairMoney
Let's talk about FairMoney and what you need to know to navigate your borrowing journey smoothly.
First off, FairMoney is different from your typical loan app. They won't resort to defaming you or harassing your contacts if you fall behind on payments. Instead, they take a more professional approach and report any delinquent accounts to the appropriate authorities. It's a more respectful way of handling things, don't you think?
Now, when it comes to overdue interest, FairMoney is pretty fair (hence the name). Their rates are reasonable, and if you've paid off the capital and initial interest, you can decide not to pay the overdue interest. It's a nice little perk that gives you some flexibility in managing your finances.
Here's a golden rule: never borrow from another loan app to repay FairMoney. It's a slippery slope that can lead to even more debt. Instead, only borrow what you need when you have the money, and make sure to spread out your payments over several months. That way, you can stay on top of your finances without feeling overwhelmed.
To help you avoid any unwanted calls from FairMoney, consider installing Truecaller on your phone. This handy app can identify incoming calls and allow you to block them if you prefer not to answer. It's a simple but effective way to maintain some peace and quiet.
So, there you have it. FairMoney is a reliable option for borrowing money when you need it most. Just remember to borrow responsibly, stay on top of your payments, and you'll be well on your way to financial freedom.
Take care, and happy borrowing!
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Xcrosscash
Xcrosscash is a lending platform that offers financial assistance to individuals in need. Here are some important points to know about their services:
1. Respectful Repayment Process: Xcrosscash does not engage in defamatory practices if borrowers pay their dues gradually until the full repayment is completed. This means that borrowers can manage their repayment schedule at their own pace without facing any negative repercussions from the platform.
2. Interest Payment Guidelines: It is advisable not to pay overdue interest after settling the normal interest and capital amount. By adhering to this guideline, you can avoid unnecessary financial burden and ensure a smoother repayment process.
3. Communication Management: In case you experience persistent communication from Xcrosscash via calls or WhatsApp messages, it is recommended to block their contacts and WhatsApp numbers. This step can help you maintain their peace of mind and avoid unnecessary disturbances.
4. Avoid Borrowing to Repay: You should refrain from borrowing from another loan app to repay their dues to Xcrosscash. Doing so can lead to a cycle of debt and financial instability, which may exacerbate the existing financial challenges.
5. Utilize Truecaller for Blocking: Installing Truecaller on a mobile phone can be beneficial for you who wish to block unwanted calls from Xcrosscash. This app allows users to identify and block spam calls, including those from lenders, thus providing added control over communication channels.
By understanding and adhering to these guidelines, you can effectively manage their repayment journey with Xcrosscash and maintain a positive financial standing.
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EaseMoni
Let's dive into EaseMoni and what you need to know:
1. They're legit loan apps, fully registered and approved.
2. You won't find them spreading rumors or tarnishing your name.
3. If you don't hold up your end of the deal, they'll escalate the matter to the right authorities.
4. Their overdue interest rates are fair, but once you've paid off the principal and initial interest, you can choose not to pay the overdue charges.
5. Avoid the temptation to borrow from other loan apps to settle your debts. Instead, pay them back when you have the funds, even if it takes a few months.
6. Use Truecaller on your phone to screen calls from them, giving you the option to dodge their calls if you're not in the mood to chat.
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Okash
- Okash is a legit and authorized loan app, so you're in safe hands.
- They won't tarnish your reputation or spread rumors about you.
- If you default on your payments, they'll take the necessary steps and report the matter to the appropriate authorities.
- While their overdue interest rates are fair, you have the option to skip paying them back once you've settled the principal and initial interest.
- Avoid borrowing from other loan apps to settle your debt with Okash. Instead, pay them back when you have the funds available. You can even stretch out your payments over several months, just make sure to honor your commitment.
- Consider installing Truecaller on your phone to identify and block their calls if you'd rather not engage with them.
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Swift loan
We will review the apps within the next 48 hours and provide detailed information and also do our background checks10 Commandments for Dealing with Loan Sharks
1. Ignore Harassing Messages: If loan sharks have already contacted your friends or family, don't worry. You don't owe them anything more. Move forward and focus on your life.
2. Unlicensed Apps Are Helpless: Loan apps resorting to defamation aren't legitimate. They can't legally harm you. Their only tool is to shame you.
3 Your Contacts Can't Save You: Most of your contacts won't be able to assist you, and they're likely aware of the shady tactics loan sharks use.
4 Beware of Short-Term Loans: Loans with short durations and high interest rates often lead to threats and defamation. Avoid loan sharks. If you must borrow, choose licensed lenders.
5 Debt Leads to Bankruptcy: Borrowing from these apps can wreck your finances and push you towards bankruptcy. The best solution is to stop borrowing altogether.
6 Avoid Overdue Interest: If you've already paid back the principal and initial interest, ignore any demands for overdue interest.
7 Don't Cycle Debts: Taking a loan to pay off another leads to a cycle of debt. Loan sharks have multiple apps, and you'll end up deeper in trouble
8 Use Truecaller to Block: Install Truecaller on your phone to identify loan shark calls and block them. Also, report them on WhatsApp and Google Play Store.
9 Break Free from Loan Sharks: The only way to escape loan sharks is to stop borrowing from them. You survived before they came into your life. Don't let them tarnish your reputation.
10 Stay strong, and prioritize your financial well-being: Remember, health is wealth. Do not allow loan sharks to jeopardize your future!.
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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