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  Flexicash palmpay

  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!.

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  PALMPAY FLEXI CASH

  Category: Mild Loan

  Interest rate: 35%

  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.

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