Expert Review
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KashKash
Here’s what you need to be aware of:
Broadcasting Your Debt: They won't hesitate to notify your contacts via SMS, alerting them about your debt.
Harassment on WhatsApp: Be prepared for a barrage of harsh messages if you're even a day late on repayment.
Tight Repayment Window: Their repayment periods are typically short, ranging from just 6 to 14 days, making it difficult to meet deadlines.
High Interest on Overdue Payments: Their overdue interest rates can escalate fast, anywhere from 1% to 5% per day, which can quickly sink you deeper into debt.
Reputation Over Debt: Once they start defaming you, paying them back won’t fix your reputation. They've already achieved their goal by tarnishing your name.
Unlicensed and Defamatory Tactics: Despite not having proper licensing, their primary strategy is defamation — a cheap shot to force repayment.
Don't Borrow from Other Loan Apps: Avoid the trap of borrowing from another loan app to pay them back. This will only lead you into a vicious cycle of debt.
Block Their Calls: Use apps like Truecaller to identify their numbers and block their relentless calls.
Break Free: The best solution? Stop borrowing from them entirely and free yourself from the cycle.
Take Action: Block them on WhatsApp, and don’t hesitate to report their unscrupulous behavior to WhatsApp and the Google Play Store.
Stay in Control: You were managing just fine before they came along. Don’t let their tactics harm your reputation or drain your finances.
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Plenty Cash
Important Information for Plenty Cash Users
Downloaded Outside Play Store?
If you’ve installed the app from outside the Play Store, you may have granted access to your contacts by providing permission. To protect yourself, generate your own disclaimer here: Create Your Disclaimer.Avoid Loan Agent Scams
Before falling victim to loan agents in various groups, be informed. Read how scammers operate on Facebook: Loan Agents Scamming People.Can You Clear Your Contacts from Loan Apps?
No one can remove your contacts from a loan app's database. Learn more: Clearing Contacts from Loan App Databases.Ignore Harassing Messages
If a loan app has contacted your friends or family, stay calm. You don’t owe them anything more. Focus on moving forward with your life.Unlicensed Apps Have No Power
Loan apps that resort to defamation aren’t legitimate. They can’t take legal action against you. Their only tactic is to shame you, which holds no real threat.Your Contacts Can’t Help
Most of your contacts won’t be able to assist you, and they are likely aware of the unethical practices used by loan sharks.Be Wary of Short-Term Loans
Loans with 7-day terms and high interest rates are often followed by threats and defamation. Avoid such loan sharks and only borrow from licensed lenders.Debt Can Lead to Bankruptcy
Borrowing from these apps can damage your finances, leading to bankruptcy. The best way to protect yourself is to stop borrowing entirely.Avoid Paying Overdue Interest
If you’ve already paid off the principal and original interest, ignore any demands for overdue interest.Don’t Get Trapped in a Debt Cycle
Borrowing from one loan app to pay off another only deepens your financial troubles. Loan sharks operate multiple apps, and it’s easy to get trapped in a vicious cycle of debt.Use Truecaller to Block Loan Sharks
Install Truecaller to identify and block calls from loan sharks. You can also report them on WhatsApp and Google Play Store.Break Free from Loan Sharks
The only real way to escape loan sharks is to stop borrowing. You lived without them before—don’t let them tarnish your reputation now.Prioritize Your Financial Health
Stay strong and focus on your financial well-being. Your health and future matter more than what loan sharks try to impose on you.Remember: Health is wealth—don't let loan sharks jeopardize your future!
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Nmoney
We will review the apps within the next 48 hours and provide detailed information and also do our background checks
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steadycash
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.
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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