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  Soko loan

  Category: Dangerous Loan

  Interest rate: 35%

  When dealing with Sokoloan, the most notorious of all dangerous loan apps, it's crucial to understand the intricacies of repayment. Here's what you need to know:

  Unregistered: Sokoloan operates without proper registration as a loan app. This means they operate outside legal guidelines and regulations Though they are a registered company in Nigeria, they have many apps that are not traced to the company.

  Derogatory Messages: Sokoloan is notorious for sending disrespectful or offensive messages to your contacts. This behavior can be harmful and embarrassing. Once they resort to such tactics, it's clear they've collected their money and any further payment may not undo the damage. If they demand payment, be prepared to challenge them legally.

  Defamation: Sokoloan is infamous for tarnishing borrowers' reputations, even before their due date arrives. Their actions can have lasting consequences, making repayment futile.

  Install TrueCaller: Protect yourself from Sokoloan's harassing calls by installing TrueCaller, an app that identifies and blocks spam calls.

  Block Auto Debit: Prevent Sokoloan from automatically debiting your bank account by blocking your bank card. Visit your bank to request a replacement card.

  Block on WhatsApp: Block Sokoloan's contact on WhatsApp to stop receiving messages. Additionally, report their behavior on WhatsApp to alert the platform.

  Report to App Stores: If Sokoloan has multiple apps on platforms like Google Play Store, report them to the respective app stores. This helps warn others about their behavior and may lead to the removal of their apps.

  Taking these steps is crucial to safeguard yourself from further harassment or harm by Sokoloan.

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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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