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  Mama credit - Loan

  Category: Dangerous Loan

  Interest rate: 40%

  1. Your contacts may receive SMS notifications stating that you owe money to Mama credit.

   

  2. If you're overdue by just one day, you might receive unpleasant messages via WhatsApp from the loan provider.

   

  3. Repayment plans typically span from 6 to 14 days, which can be quite challenging for many borrowers.

   

  4. The interest rates on overdue payments can range from 2% to 7% per day, potentially adding to your debt burden.

   

  5. It's not advisable to repay them if they resort to defaming you. Remember, they've already received their money, and resorting to defamation is their only means of recourse.

   

  6. Since these loan apps are unlicensed, their only recourse is through defamatory tactics.

   

  7. Borrowing from another loan app to repay Mama credit could worsen your financial situation and lead to serious debt.

   

  8. Installing Truecaller on your mobile phone can help you identify and block calls from Mama credit and similar entities.

   

  9. The most effective solution to escape loan sharks like Mama credit is to stop borrowing altogether.

   

  10. Take proactive steps to block them on WhatsApp and report their activities directly on WhatsApp and Google Play Store.

   

  11. Remember, you have options beyond borrowing from these loan apps. Prioritize your financial well-being and integrity.

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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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