• 

  Lifepurse

  Category: Dangerous Loan

  Interest rate: 35%

  Important Information for LifePurse Users

  Downloaded the App Outside Play Store?
  If you've installed the LifePurse app outside the Play Store, it means you've likely given permission for the app to access your contacts. To protect yourself, consider generating a disclaimer. You can create your own here: Generate Your Disclaimer.

  Avoid Loan Agent Scams:
  Before falling victim to fraudulent loan agents on social media or messaging groups, read about how loan app agents are scamming people on Facebook and other platforms: Learn More About Loan Agent Scams.

  Can Contacts Be Removed from Loan Databases?
  Once your contacts are accessed by loan apps, clearing them from the database is not a straightforward process. Learn more about this topic here: Clearing Contacts from Loan App Databases.

  Ignore Harassing Messages:
  If loan agents have contacted your friends or family, don’t panic. You don’t owe them anything beyond what’s legally required. Focus on moving forward with your life.

  Unlicensed Apps Can’t Harm You Legally:
  Loan apps using defamation as a tactic are not legitimate. They can't harm you legally, and their only weapon is shaming tactics. Don’t let them intimidate you.

  Your Contacts Won’t Save You:
  Most of your contacts are aware of the underhanded tactics used by loan sharks and won’t be able to help. Avoid relying on them for intervention.

  Beware of Short-Term Loans:
  Loans with a 7-day repayment window and high interest rates often lead to threats and defamation. Steer clear of such loan sharks and opt for licensed lenders.

  Debt Can Lead to Bankruptcy:
  Borrowing from unregulated loan apps can severely damage your finances and push you towards bankruptcy. The best course of action is to stop borrowing altogether.

  Avoid Paying Overdue Interest:
  If you’ve already paid off the principal and agreed-upon interest, ignore further demands for overdue interest. You have fulfilled your obligation.

  Don’t Get Trapped in a Debt Cycle:
  Taking loans to pay off other loans only leads to a cycle of debt. Loan sharks often operate through multiple apps, putting you in deeper financial trouble.

  Use Truecaller to Block Calls:
  Install Truecaller on your phone to identify and block calls from loan sharks. You can also report these loan agents on WhatsApp and the Google Play Store.

  Break Free from Loan Sharks:
  The only way to truly escape loan sharks is to stop borrowing from them. Remember, you survived before they came into your life—don’t let them tarnish your reputation now.

  Stay Strong and Prioritize Your Financial Well-Being:
  Your health is your wealth. Don’t allow loan sharks to jeopardize your future. Focus on safeguarding your financial and emotional well-being.

• 

  Lifepurse loan

  Category: Dangerous Loan

  Interest rate: 100%

  What sets LifePurse apart is its unwavering commitment to transparent and respectful borrower relations. Borrowers are empowered to repay their loans in manageable installments without fear of harassment, defamation, or negative consequences. This ensures a supportive environment where financial needs can be met with dignity and trust.

  Smooth Repayment Experience

  LifePurse encourages responsible borrowing and repayment practices. Borrowers are advised to settle both the principal and standard interest amounts on time to avoid overdue interest charges. By following this approach, you can keep your financial obligations under control, reducing the risk of accumulating additional debt.

  Managing Communication

  If borrowers receive excessive communication via calls or WhatsApp, LifePurse offers the flexibility to block contacts or WhatsApp numbers. This feature allows you to maintain privacy and peace of mind, minimizing any potential disturbances during your repayment journey.

  Avoid the Debt Cycle

  To prevent financial strain, LifePurse strongly advises against borrowing from other loan platforms to settle existing dues. Taking loans from multiple lenders can lead to a vicious cycle of debt accumulation, making it harder to manage your finances in the long run.

  Enhanced Control Over Communication

  For added convenience and control over calls, you can install Truecaller on your mobile device. This app allows you to identify and block spam calls, including those from financial institutions like LifePurse, helping you maintain control over your communication channels.

  With LifePurse, you can access financial support confidently, knowing you’re working with a platform that values respect, transparency, and your financial well-being.

---

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

---