Expert Review
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Star Loan
They may send SMS messages to your contacts, informing them of your debt. Additionally, if your payment is even just one day overdue, they may start sending derogatory messages via WhatsApp to your contacts.
Typically, Star Loan offers repayment plans ranging from 6 to 14 days, which can be challenging to fulfill. Their overdue interest rates fall between 2% to 7% per day, potentially leading to accumulating debt.
It's crucial to understand that once Star Loan defames you, it's not advisable to repay them. Their primary aim is to extract money through defamation tactics. Since they are unlicensed loan apps, their only recourse is to damage your reputation.
Borrowing from another loan app to repay Star Loan is not a viable solution and may lead to bankruptcy. They operate under various names on mobile app stores, complicating efforts to escape their debt cycle.
To manage their communication, consider installing Truecaller on your mobile phone to identify and block their calls. Blocking them on WhatsApp and reporting their actions directly to WhatsApp and Google Play Store can also be effective measures.
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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