Expert Review
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Newcredit
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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CreditAll Online
I want to shed some light on CreditAll Online and what you need to know to stay safe in your borrowing journey.
First things first, CreditAll Online has a bit of a reputation for being aggressive when it comes to debt collection. They're known to send SMS messages to your contacts, letting them know about your outstanding debt. And if that's not enough, they might also bombard your WhatsApp with all sorts of derogatory messages if you're just one day overdue. It's not a pleasant experience, to say the least.
Now, let's talk about their repayment plans. They typically offer repayment periods ranging from 6 days to 14 days, which can be quite challenging to manage. And to make matters worse, their overdue interest rates can be as high as 5% to 7% per day, pushing you further into debt with each passing day.
Here's a word of caution: once CreditAll Online starts defaming you, don't bother paying them back. They've already gotten what they wanted, and paying them won't make the derogatory messages disappear. Plus, since they're not licensed, they don't have much legal recourse besides tarnishing your reputation.
Whatever you do, resist the temptation to borrow from another loan app to repay CreditAll Online. They have a whole arsenal of mobile apps under their belt, so if you think you're escaping one debt by borrowing from another, think again. You'll only find yourself sinking deeper into financial trouble.
To protect yourself from CreditAll Online's relentless harassment, consider installing Truecaller on your phone. This handy app can help you identify and block their calls, giving you some much-needed peace of mind.
Ultimately, the best way to break free from CreditAll Online's grip is to stop borrowing altogether. It might not be easy, but it's the only way to avoid getting caught in their web of debt.
Remember, your financial well-being is worth more than any loan. So, stay vigilant, be smart about your borrowing decisions, and don't let CreditAll Online or any other loan shark drag you down.
Take care, and here's to a debt-free future.
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Loan Naira
When dealing with Loan Naira, it's crucial to understand certain aspects of repayment. Here's what you need to know:
Derogatory Messages: If Loan Naira has sent disrespectful or offensive messages to your contacts, it can be harmful and embarrassing. However, once they've crossed that line, paying them back may not resolve the issue. Consider seeking legal recourse instead.
Defamation: If Loan Naira has already tarnished your reputation with derogatory messages, paying them back may not undo the damage. It's important to weigh your options and consider seeking legal advice.
Install TrueCaller: TrueCaller is a phone app that helps identify and block spam calls. Installing this app can help you identify and block unwanted calls from Loan Naira.
Block Auto Debit: To prevent Loan Naira from automatically debiting money from your bank account, it's important to block your bank card. Visit your bank to request a new card.
Block on WhatsApp: You can block Loan Naira's contact on WhatsApp to stop receiving messages from them. Additionally, report them on WhatsApp to alert the platform about their behavior.
Report to App Stores: If Loan Naira is available on Google Play Store or iOS, report the app to the respective app store. This helps warn others about the app's behavior and may result in its removal from the store.
Taking these steps can help protect yourself from further harm or harassment by Loan Naira.
Step by step guide to break free from loan apps
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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