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  Myloanplus

  Category: Dangerous Loan

  Interest rate: 45%

  First off, there's this app called Myloanplus that you might find tempting, but there are some critical aspects you need to know about.

   

  Here's the scoop: once you borrow money from them, they start sending SMS to everyone in your contacts saying you owe them money. It's not the most pleasant situation and can lead to some awkward conversations.

   

  And it doesn't stop there. If you're just one day late on your payment, they bombard your WhatsApp with all sorts of disrespectful messages. It's definitely not a fun experience.

   

  Their repayment plans aren't exactly a walk in the park either. They usually give you somewhere between 6 to 14 days to pay back, which can be quite challenging, especially considering their high interest rates.

   

  Speaking of interest rates, if you're late on a payment, they hit you with a pretty hefty interest rate, sometimes as much as 5% per day! This can quickly spiral you into more debt.

   

  Now, here's the kicker: they're not even licensed! They can't legally do much to you besides trying to tarnish your reputation by spreading lies about you.

   

  Whatever you do, resist the temptation to borrow from another loan app to pay them back. It's a risky move that could leave you bankrupt. Plus, they have multiple apps out there, so you might end up borrowing from them again without even realizing it.

   

  Consider installing Truecaller on your mobile phone to identify and block unwanted calls from Myloanplus. It's a simple way to avoid their attempts to contact you.

   

  Ultimately, the best solution to avoid getting tangled up with loan sharks like Myloanplus is to simply stop borrowing from them altogether. Block them on WhatsApp and report them directly if they continue to hassle you.

   

  Remember, you were managing just fine before they came into the picture. Don't let them tarnish your integrity or financial stability. Stay strong and seek alternative means of support if needed. You've got this.

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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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