Expert Review
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Hiveloan
1. They will send SMS messages to your contacts, claiming that you owe them money.
2. Prepare yourself for an onslaught of unpleasant WhatsApp messages if you are even a day late.
3. Their repayment schedules typically range from 6 to 14 days, making it extremely challenging to settle your debts.
4. Anticipate daily overdue interest rates ranging from 5% to 7%, pushing you further into debt.
5. Once they tarnish your reputation, there is no need to repay them. They have already achieved their goal.
6. Since they lack a license, they are unable to pursue legal action against you. Their sole tactic is to damage your reputation.
7. Avoid borrowing from other loan apps to clear your debts; this will only worsen your situation.
8. Utilize Truecaller to screen and block their calls, sparing yourself unnecessary stress.
9. The most effective way to break free from loan sharks is to cease borrowing altogether.
10. Block them on WhatsApp and report them directly to WhatsApp and Google Play Store to prevent others from falling victim to the same scheme.
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HCwallet
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.
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SomeMoni
Let's chat about SomeMoni. Here's what you need to know:
1. They're not shy about letting your contacts know you owe them cash, hitting them up with SMS messages.
2. Brace yourself for a barrage of not-so-nice messages on WhatsApp if you're even a day late with your payment.
3. Their repayment plans usually give you a tight window, ranging from 6 to 14 days, which can be a real challenge to meet.
4. Watch out for their sky-high overdue interest rates, ranging from 1% to a hefty 5% per day. That'll only bury you deeper in debt.
5. Don't cave and pay up if they start tarnishing your name. They're just after their money, and once they've defamed you, they've got what they wanted.
6. They may not have a license, but their weapon of choice is defamation. Pretty low, huh?
7. Whatever you do, don't try borrowing from another loan app to settle your debts with them. It's a trap! You'll just end up in more hot water.
8. Thinking about screening their calls? Consider installing Truecaller on your phone to see who's ringing before you answer. That way, you can dodge their calls if you're not in the mood to chat.
9. The best way to shake off loan sharks is to kick the borrowing habit 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 came along. Don't let them mess with your reputation or your wallet.
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VibeCash Elite
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!.
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mintbag
Prepare for an onslaught of SMS messages sent to your contacts, claiming you owe money.
Be prepared for a flood of aggressive WhatsApp messages if you're even a day late.
Their repayment periods usually range from 6 to 14 days, making it extremely difficult to settle the debt.
Expect exorbitant daily interest rates of 5% to 7%, pushing you further into financial trouble.
Once they tarnish your reputation, there's no point in repaying them. They've achieved their goal.
Since they lack proper licensing, they cannot pursue legal action against you. Their only recourse is to damage your reputation.
Avoid borrowing from other loan apps to repay these debts; it will only exacerbate the situation.
Utilize Truecaller to filter and block their calls, sparing yourself unnecessary stress.
The most effective way to escape loan sharks is to refrain from borrowing altogether.
Block them on WhatsApp and file reports directly with WhatsApp and the Google Play Store to prevent others from falling victim to the same scheme.
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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