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  Snappycredit-momogo

  Category: Dangerous Loan

  Interest rate: 50%

  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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  Plenty Cash

  Category: Mild Loan

  Interest rate: 65%

  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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  Lillycash

  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!.

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