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  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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  Palmpay

  Category: Safe Loan

  Interest rate: 35%

  When considering loans from PalmPay, it’s crucial to be aware of the following practices:

  1. Broadcasting Your Debt

  PalmPay may not hesitate to inform your contacts via SMS about your outstanding debt. This tactic is aimed at putting pressure on you to repay quickly.

  2. Harassment on WhatsApp

  If you're even a day late on repayment, you can expect to receive a barrage of aggressive messages through WhatsApp. This can be overwhelming and adds stress to an already difficult situation.

  3. Tight Repayment Window

  PalmPay typically has short repayment periods ranging from 6 to 14 days, making it challenging to meet deadlines and manage your finances effectively.

  4. High Interest on Overdue Payments

  Overdue payments can incur high interest rates that escalate quickly, ranging from 1% to 5% per day. This can lead to a rapid accumulation of debt, making it difficult to regain control of your financial situation.

  5. Reputation Over Debt

  Once PalmPay starts defaming you, simply repaying the debt may not restore your reputation. Their actions can tarnish your name long after the debt is settled.

  6. Unlicensed and Defamatory Tactics

  Even if PalmPay operates without proper licensing, their primary strategy often relies on defamation—a cheap and unethical way to compel repayment.

  7. Avoid Borrowing from Other Loan Apps

  Refrain from borrowing from other loan apps to repay PalmPay. This can trap you in a vicious cycle of debt that becomes increasingly difficult to escape.

  8. Block Their Calls

  Utilize apps like Truecaller to identify and block persistent calls from PalmPay. This can help reduce stress and interruptions in your daily life.

  9. Break Free

  The most effective solution is to stop borrowing from PalmPay entirely. Free yourself from their cycle of debt and regain control over your finances.

  10. Take Action

  If PalmPay engages in unscrupulous behavior, don’t hesitate to block them on WhatsApp and report their actions to WhatsApp and the Google Play Store.

  11. Stay in Control

  Remember, you were managing your finances just fine before PalmPay entered the picture. Don't let their tactics damage your reputation or drain your finances. Take charge of your financial future today!

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  Flexicash palmpay

  Category: Dangerous Loan

  Interest rate: 35%

  We will review the apps within the next 48 hours and provide detailed information and also do our background checks

  10 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!.

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