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  Pesomax

  Category: Dangerous Loan

  Interest rate: 1%

  Pesomax operates similarly to other notorious loan apps, such as Sokoloan, and it’s essential to be aware of the risks and steps to protect yourself.

  Unregistered and Risky:
  Like some dangerous loan apps, Pesomax may operate without proper registration or compliance with regulations. This lack of transparency means they can bypass certain legal guidelines, putting borrowers at risk of exploitation. Even if the company is registered, their associated apps may not be directly traceable.

  Harassment and Derogatory Messages:
  Pesomax is known to contact your personal connections, often sending derogatory or offensive messages to embarrass and pressure you into repaying. This can be emotionally distressing and harmful to your reputation. Once they resort to these tactics, further repayment might not undo the damage already done.

  Reputation Damage and Defamation:
  Pesomax, like Sokoloan, may defame borrowers by tarnishing their reputation, even before the repayment due date. This form of harassment can have long-term impacts on your personal and professional life, making their aggressive tactics more damaging than helpful.

  Protect Yourself from Harassment:
  To safeguard yourself from Pesomax’s relentless communications:

  • Install TrueCaller to identify and block their spam calls.
  • Block auto-debit by replacing your bank card and informing your bank not to allow deductions from Pesomax.
  • Block on WhatsApp and report their number to WhatsApp for violating platform policies.
  • Report their apps on platforms like Google Play Store to warn others and potentially get their apps removed.

  By following these steps, you can better protect yourself from Pesomax's exploitative practices and avoid falling deeper into debt or harassment. Always be cautious when dealing with unregulated loan apps and consider safer, legal alternatives for borrowing

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Step by step guide to break free from loan apps

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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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