Expert Review
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9jaCash
Let's discuss 9jaCash and its practices. Firstly, it's important to note that this service is affiliated with the Sokoloan company and is notorious for sending defamatory messages to your contacts.
Instead of directly informing your contacts about your debt, they resort to sending SMS messages, indicating that you owe them money. Furthermore, they escalate their harassment by sending derogatory messages via WhatsApp, starting as early as one day after your repayment deadline.
Typically, their repayment plans span from 6 to 14 days, making it challenging for borrowers to meet their obligations. What's more concerning is their exorbitant overdue interest rates, ranging from 5% to 7% per day, which can quickly spiral out of control and deepen your debt.
It's imperative not to succumb to their intimidation tactics. Refraining from repayment once they defame you is crucial, as it only serves to enrich them further. As unlicensed loan apps, they lack legal authority. Their primary tool for coercion is defamation.
Attempting to borrow from other loan apps to repay them is a perilous endeavor. They have numerous apps on mobile app stores, so trying to borrow from another source may inadvertently lead you back into their grasp, plunging you deeper into debt.
To shield yourself from their relentless pursuit, consider installing Truecaller on your mobile device. This allows you to identify and block their calls effectively. Additionally, blocking them on WhatsApp and reporting their activities directly on WhatsApp and Google Play Store can serve as deterrents.
Ultimately, the most effective solution to break free from the clutches of loan sharks like 9jaCash is to cease borrowing altogether. By taking control of your finances and avoiding further indebtedness, you can safeguard your financial well-being in the long term.
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Alend
First off, you'll be relieved to know that Alend doesn't engage in defamation tactics. Unlike some other loan apps out there, they won't resort to sending derogatory messages to your contacts or tarnishing your reputation.
However, it's essential to understand that Alend takes repayment seriously. If you fail to meet your repayment obligations, they won't hesitate to report you to the appropriate authorities. So, it's crucial to honor your commitments and repay your loans on time to avoid any legal consequences.
When it comes to interest rates, Alend is relatively reasonable. Their overdue interest rates are fair, but here's the catch: once you've paid off the capital and initial interest rate, you have the option to forego paying any further overdue interest. This flexibility can be a lifesaver if you find yourself in a tight spot financially.
Now, let's talk about borrowing responsibly. A golden rule to remember is never to borrow from another loan app to repay your debt to Alend. This will only exacerbate your financial woes and could lead to a vicious cycle of debt. Instead, prioritize paying off your loans when you have the means to do so. If necessary, you can spread out your payments over several months, but make sure you stick to your repayment plan.
To help you manage incoming calls and avoid unwanted contact from Alend, consider installing Truecaller on your mobile phone. This handy app lets you identify callers and block numbers, giving you more control over who can reach you.
In summary, while borrowing from Alendcan be a convenient way to meet your financial needs, it's essential to do so responsibly. By honoring your repayment commitments, avoiding borrowing from other loan apps, and staying vigilant with Truecaller, you can navigate your borrowing experience with confidence.
Remember, financial responsibility is key to maintaining a healthy financial future.
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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