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  Xcrosscash

  Category: Mild Loan

  Interest rate: 47%

  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.

• 

  Alend

  Category: Dangerous Loan

  Interest rate: 0%

  First off, you'll be relieved to know that Alend doesn't engage in defamation tactics. Unlike some other loan apps out there, they won't resort to sending derogatory messages to your contacts or tarnishing your reputation.

  However, it's essential to understand that Alend takes repayment seriously. If you fail to meet your repayment obligations, they won't hesitate to report you to the appropriate authorities. So, it's crucial to honor your commitments and repay your loans on time to avoid any legal consequences.

  When it comes to interest rates, Alend is relatively reasonable. Their overdue interest rates are fair, but here's the catch: once you've paid off the capital and initial interest rate, you have the option to forego paying any further overdue interest. This flexibility can be a lifesaver if you find yourself in a tight spot financially.

  Now, let's talk about borrowing responsibly. A golden rule to remember is never to borrow from another loan app to repay your debt to Alend. This will only exacerbate your financial woes and could lead to a vicious cycle of debt. Instead, prioritize paying off your loans when you have the means to do so. If necessary, you can spread out your payments over several months, but make sure you stick to your repayment plan.

  To help you manage incoming calls and avoid unwanted contact from Alend, consider installing Truecaller on your mobile phone. This handy app lets you identify callers and block numbers, giving you more control over who can reach you.

  In summary, while borrowing from Alendcan be a convenient way to meet your financial needs, it's essential to do so responsibly. By honoring your repayment commitments, avoiding borrowing from other loan apps, and staying vigilant with Truecaller, you can navigate your borrowing experience with confidence.

  Remember, financial responsibility is key to maintaining a healthy financial future.

• 

  LairaPlus

  Category: Dangerous Loan

  Interest rate: 100%

  Important Information for LairaPlus Users:

  Downloaded the App Outside Play Store?
  If you installed LairaPlus from outside the official Play Store, you may have granted the app permission to access your contacts. To safeguard yourself, generate your own disclaimer using this tool.

  Avoid Loan Scams:
  Before falling prey to fraudulent loan agents, especially in online groups, educate yourself. Learn more about how loan agents are scamming people on Facebook by reading this article.

  Can Loan Apps Clear Your Contacts?
  Be cautious of any claims that loan apps can clear your contacts from their databases. Learn the truth about clearing your contact information in this detailed explanation.

  Ignore Harassing Messages:
  If loan agents have reached out to your friends or family, don’t let it worry you. You don’t owe them more than what you’ve borrowed. Focus on moving forward and reclaiming your peace of mind.

  Unlicensed Apps Are Powerless:
  Apps that resort to shaming tactics are not legitimate and cannot harm you legally. Their only tool is defamation—don’t let it get to you.

  Your Contacts Can’t Help:
  Even though loan sharks might contact people you know, most of them won’t be able to assist, and many already understand the unethical methods used by these loan apps.

  Beware of Short-Term Loans:
  Avoid loans with a duration of 7 days and high interest rates, as they often lead to threats and defamation. If you need to borrow, always choose licensed lenders for protection.

  Debt Can Lead to Bankruptcy:
  Borrowing from unscrupulous loan apps can ruin your finances, pushing you towards bankruptcy. The best way to protect yourself is to stop borrowing from these platforms altogether.

  Ignore Demands for Overdue Interest:
  Once you’ve repaid the principal and the initial interest, there’s no need to entertain additional demands for overdue interest.

  Avoid the Debt Cycle:
  Taking out a loan to pay off another debt creates a cycle of borrowing that’s hard to escape. Loan sharks operate through multiple apps, trapping you further.

  Block Loan Shark Calls with Truecaller:
  Install Truecaller to identify and block calls from loan sharks. You can also report these numbers on WhatsApp and the Google Play Store to protect others.

  Break Free from Loan Sharks:
  The only way to escape loan sharks is by cutting off your reliance on them. You survived before they came into your life—don’t let them tarnish your reputation.

  Prioritize Your Financial Health:
  Always remember that your well-being comes first. Don’t let loan sharks jeopardize your future. Health is wealth!

• 

  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.
• 

  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.

• 

  Palmcredit

  Category: Mild Loan

  Interest rate: 33%

  Palmcredit is a reputable lending platform that prioritizes borrower satisfaction and provides valuable financial assistance. Here are some essential aspects to consider when engaging with Palmcredit:

  After 30 days you'll stop receiving calls and messages from them

  Respectful Repayment Approach: Palmcredit upholds a respectful approach towards repayment. They do not engage in defamatory practices if borrowers opt to repay gradually until the full amount is settled. This allows borrowers to manage their repayment schedule at their own pace without facing any negative consequences from the platform.

  Interest Payment Guidelines: Borrowers are advised not to pay overdue interest after clearing the normal interest and capital amount. Following this guideline helps borrowers avoid unnecessary financial strain and ensures a smoother repayment process.

  Communication Management: In cases where borrowers experience persistent communication from Palmcredit via calls or WhatsApp messages, it is advisable to block their contacts and WhatsApp numbers. This proactive step empowers borrowers to maintain their peace of mind and minimize potential disturbances.

  Avoid Borrowing to Repay: It is strongly discouraged to borrow from another loan app to settle dues with Palmcredit. Engaging in such practices may lead to a cycle of debt and financial instability, exacerbating existing financial challenges.

  Utilize Truecaller for Blocking: Installing Truecaller on a mobile phone can be beneficial for borrowers looking to block unwanted calls from Palmcredit. Truecaller allows users to identify and block spam calls, including those from lenders, thereby providing an additional layer of control over communication channels.

  By adhering to these guidelines and leveraging Palmcredit's transparent and borrower-centric approach, individuals can effectively manage their financial obligations and maintain a positive relationship with the platform.

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Step by step guide to break free from loan apps

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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.

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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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