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  9Credit loan-Instant loan Cash

  Category: Dangerous Loan

  Interest rate: 40%

  Let me give you the lowdown on 9Credit Instant Loan App. Here's what you need to know:

  1. Contact Messages: These folks might start sending SMS to your contacts saying you owe them money.
  2. WhatsApp Woes: Brace yourself for all sorts of rude messages on WhatsApp if you're even a day late on payment.
  3. Short Repayment Window: You'll usually get stuck with a 6 to 14-day repayment plan, making it tough to cough up the cash.
  4. High Overdue Interest: Watch out for sky-high overdue interest rates, ranging from 1% to a whopping 5% per day, piling up debt faster than you can blink.
  5. Defamation Dilemma: Once they start badmouthing you, don't bother paying up. They've already got what they wanted.
  6. Unlicensed Trouble: These apps aren't legit. They can't do much except tarnish your name.
  7. No Borrowing from Borrowers: Steer clear of borrowing from one loan app to pay another. It's a recipe for financial disaster.
  8. Truecaller Tip: Install Truecaller to dodge their calls and block their contacts, keeping them at bay.
  9. Breaking Free: The only real way to escape their clutches is to stop borrowing altogether.
  10. Report and Block: Shut them out by blocking them on WhatsApp and reporting them directly on WhatsApp and Google Play Store.
  11. Regain Your Freedom: Remember, you were doing just fine before they showed up. Don't let them mess with your integrity.
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  iustus cash

  Category: Dangerous Loan

  Interest rate: 70%

  They'll shoot off SMS to your contacts, saying you owe them money.

  Brace yourself for a barrage of nasty WhatsApp messages if you're just a day late.

  Their repayment plans usually last between 6 to 14 days, making it a real struggle to pay up.

  Expect overdue interest rates of 5% to 7% per day, pushing you deeper into debt.

  Don't bother paying them back once they tarnish your name. They've already got what they wanted.

  Since they're not licensed, they can't take legal action against you. Their only weapon is to smear your reputation.

  Avoid borrowing from other loan apps to settle your debts; you'll only dig yourself into a deeper hole.

  Use Truecaller to screen and block their calls, sparing yourself unnecessary stress.

  The best way to break free from loan sharks is to stop borrowing altogether.

  Block them on WhatsApp and report them directly to WhatsApp and Google Play Store to protect others from falling into the same trap.

   

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  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.

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  Gogetcredit

  Category: Mild Loan

  Interest rate: 35%

  1. They will send SMS messages to your contacts, claiming that you owe them money.

  2. Prepare yourself for an onslaught of unpleasant WhatsApp messages if you are even a day late.

  3. Their repayment schedules typically range from 6 to 14 days, making it extremely challenging to settle your debts.

  4. Anticipate daily overdue interest rates ranging from 5% to 7%, pushing you further into debt.

  5. Once they tarnish your reputation, there is no need to repay them. They have already achieved their goal.

  6. Since they lack a license, they are unable to pursue legal action against you. Their sole tactic is to damage your reputation.

  7. Avoid borrowing from other loan apps to clear your debts; this will only worsen your situation.

  8. Utilize Truecaller to screen and block their calls, sparing yourself unnecessary stress.

  9. The most effective way to break free from loan sharks is to cease borrowing altogether.

  10. Block them on WhatsApp and report them directly to WhatsApp and Google Play Store to prevent others from falling victim to the same scheme.

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  Naira cup and silk loan

  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!.

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  LairaPlus

  Category: Dangerous Loan

  Interest rate: 100%

  Important Information for LairaPlus Users:

  Downloaded the App Outside Play Store?
  If you installed LairaPlus from outside the official Play Store, you may have granted the app permission to access your contacts. To safeguard yourself, generate your own disclaimer using this tool.

  Avoid Loan Scams:
  Before falling prey to fraudulent loan agents, especially in online groups, educate yourself. Learn more about how loan agents are scamming people on Facebook by reading this article.

  Can Loan Apps Clear Your Contacts?
  Be cautious of any claims that loan apps can clear your contacts from their databases. Learn the truth about clearing your contact information in this detailed explanation.

  Ignore Harassing Messages:
  If loan agents have reached out to your friends or family, don’t let it worry you. You don’t owe them more than what you’ve borrowed. Focus on moving forward and reclaiming your peace of mind.

  Unlicensed Apps Are Powerless:
  Apps that resort to shaming tactics are not legitimate and cannot harm you legally. Their only tool is defamation—don’t let it get to you.

  Your Contacts Can’t Help:
  Even though loan sharks might contact people you know, most of them won’t be able to assist, and many already understand the unethical methods used by these loan apps.

  Beware of Short-Term Loans:
  Avoid loans with a duration of 7 days and high interest rates, as they often lead to threats and defamation. If you need to borrow, always choose licensed lenders for protection.

  Debt Can Lead to Bankruptcy:
  Borrowing from unscrupulous loan apps can ruin your finances, pushing you towards bankruptcy. The best way to protect yourself is to stop borrowing from these platforms altogether.

  Ignore Demands for Overdue Interest:
  Once you’ve repaid the principal and the initial interest, there’s no need to entertain additional demands for overdue interest.

  Avoid the Debt Cycle:
  Taking out a loan to pay off another debt creates a cycle of borrowing that’s hard to escape. Loan sharks operate through multiple apps, trapping you further.

  Block Loan Shark Calls with Truecaller:
  Install Truecaller to identify and block calls from loan sharks. You can also report these numbers on WhatsApp and the Google Play Store to protect others.

  Break Free from Loan Sharks:
  The only way to escape loan sharks is by cutting off your reliance on them. You survived before they came into your life—don’t let them tarnish your reputation.

  Prioritize Your Financial Health:
  Always remember that your well-being comes first. Don’t let loan sharks jeopardize your future. Health is wealth!

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