• 

  EaseMoni

  Category: Mild Loan

  Interest rate: 30%

  Let's dive into EaseMoni and what you need to know:

   

  1. They're legit loan apps, fully registered and approved.

  2. You won't find them spreading rumors or tarnishing your name.

  3. If you don't hold up your end of the deal, they'll escalate the matter to the right authorities.

  4. Their overdue interest rates are fair, but once you've paid off the principal and initial interest, you can choose not to pay the overdue charges.

  5. Avoid the temptation to borrow from other loan apps to settle your debts. Instead, pay them back when you have the funds, even if it takes a few months.

  6. Use Truecaller on your phone to screen calls from them, giving you the option to dodge their calls if you're not in the mood to chat.

• 

  Easecash

  Category: Dangerous Loan

  Interest rate: 35%

  Things to Know About EaseCash Loan App Practices

  1. Unwanted Contact with Your Network: EaseCash may send SMS messages to your contacts, claiming that you owe them money.
  2. WhatsApp Harassment: If you are even one day late with repayment, expect unpleasant and frequent WhatsApp messages.
  3. Short Repayment Periods: Their repayment schedules often range between 6 to 14 days, which can make it difficult to meet deadlines and pay off your loan.
  4. High Overdue Interest Rates: Be prepared for daily overdue interest rates between 5% and 7%, which can quickly add up and increase your debt burden.
  5. Reputation Damage: Once your reputation is damaged through their messages, they consider their goal achieved, so repaying the loan may feel secondary.
  6. No Legal Authority: Since they operate without a license, EaseCash cannot take legal action against you. Their primary method is to damage your reputation instead.
  7. Avoid Borrowing from Other Apps: Taking loans from other apps to clear your debt will only worsen your financial situation.
  8. Use Truecaller for Protection: Install Truecaller to block and screen their calls, reducing the stress caused by constant communication.
  9. Stop Borrowing: The most effective way to escape loan sharks is to stop borrowing and avoid falling into further debt.
  10. Report and Block: Block them on WhatsApp, and report their activities to WhatsApp and the Google Play Store to help protect others from similar experiences.

  Make informed decisions and be cautious with loan services like EaseCash to avoid unnecessary stress and financial hardship.

• 

  Tloan

  Category: Dangerous Loan

  Interest rate: 57%

  Tloan, These guys might seem like a quick fix, but trust me, they can turn into a major headache. Here's the lowdown on why you should steer clear:

   

  1. Shameful Tactics: Forget polite reminders. These apps blast your contacts, painting you as a defaulter even after a day's delay. They might even spam your WhatsApp with nasty messages, tarnishing your reputation in a heartbeat.

   

  2. Crushing Deadlines: They offer loans with super-short repayment periods, like 6-14 days. It's like setting you up to fail, leading to...

   

  3. Debt Spiral: Their insane interest rates (think 2% to 7% per DAY!) trap you in a cycle of debt. Borrowing from another app to pay them off? Bad idea. You'll just end up deeper in their clutches.

   

  4. Empty Threats: Don't let their bullying tactics scare you. These apps often operate outside the law, so their threats are mostly just noise. They can't really do anything to you, except try to shame you.

   

  5. Breaking Free: Here's the key: stop borrowing. It's tough, but it's the only way to escape their grip. Remember, you survived before they came along. You can do it again.

   

  Here's your action plan:

  • Install Truecaller: Identify and block their calls.
  • Block them on WhatsApp: Cut off communication.
  • Report them: Flag them on WhatsApp and the app store.
  • Seek help: Talk to trusted friends or family, or consider professional financial advice.

   

  Remember, your dignity and peace of mind are worth more than any quick loan. Don't let these loan sharks drag you down. Take back control and build a brighter future, one step at a time.

• 

  Okash

  Category: Mild Loan

  Interest rate: 32%

  1. Okash is a legit and authorized loan app, so you're in safe hands.
  2. They won't tarnish your reputation or spread rumors about you.
  3. If you default on your payments, they'll take the necessary steps and report the matter to the appropriate authorities.
  4. While their overdue interest rates are fair, you have the option to skip paying them back once you've settled the principal and initial interest.
  5. Avoid borrowing from other loan apps to settle your debt with Okash. Instead, pay them back when you have the funds available. You can even stretch out your payments over several months, just make sure to honor your commitment.
  6. Consider installing Truecaller on your phone to identify and block their calls if you'd rather not engage with them.
• 

  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.

• 

  Newcredit

  Category: Mild Loan

  Interest rate: 32%

  Newcredit, a prominent lending platform, is a subsidiary of New Edge Finance, a reputable financial institution with a diverse portfolio. Notably, New Edge Finance also owns Easybuy and boasts a robust presence on Google Play Store with over 12 apps.

   

  In terms of borrower relations, Newcredit stands out for its fair and respectful repayment policies. Borrowers are afforded the flexibility to repay their loans gradually, without fear of defamation or negative repercussions from the platform. This approach fosters trust and empowers borrowers to manage their financial commitments at their own pace.

   

  To ensure a smooth repayment experience, borrowers are advised against paying overdue interest once the normal interest and capital amounts have been settled. By adhering to this guideline, borrowers can avoid unnecessary financial strain and maintain control over their repayment journey.

   

  In the event of persistent communication from Newcredit via calls or WhatsApp messages, borrowers have the option to block their contacts and WhatsApp numbers. This proactive measure helps borrowers maintain their privacy and peace of mind, mitigating potential disruptions.

   

  It is strongly recommended that borrowers refrain from borrowing from other loan apps to settle dues with Newcredit. Engaging in such practices may exacerbate financial challenges and lead to a cycle of debt accumulation.

   

  For additional control over communication channels, borrowers can leverage Truecaller by installing it on their mobile phones. Truecaller enables users to identify and block spam calls, including those from lenders like Newcredit, providing an added layer of security and peace of mind.

   

  By embracing Newcredit's transparent and borrower-friendly approach, individuals can effectively manage their financial obligations and build a positive relationship with the platform, ultimately paving the way for financial well-being and stability.

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Step by step guide to break free from loan apps

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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.

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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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