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  CashNow

  Category: Mild Loan

  Interest rate: 42%

  1. Your contacts may receive SMS notifications indicating that you owe money to CashNow.

   

  2. If you're overdue by just one day, you might start receiving derogatory messages via WhatsApp from the loan provider.

   

  3. Repayment plans typically range from 6 to 14 days, which can pose challenges for many borrowers.

   

  4. The interest rates on overdue payments can range from 2% to 7% per day, leading to an increase in your debt.

   

  5. It's advisable not to repay them if they resort to defaming you. Remember, they've already received their money, and resorting to defamation is their only means of recourse.

   

  6. Since these loan apps are unlicensed, their only means of enforcement is through defamation.

   

  7. Borrowing from another loan app to settle debts with CashNow could potentially worsen your financial situation and lead to bankruptcy.

   

  8. Installing Truecaller on your mobile phone can help you identify and block calls from CashNow and similar entities.

   

  9. The best solution to break free from loan sharks like CashNow is to stop borrowing altogether.

   

  10. Take proactive steps to block them on WhatsApp and report their activities directly on WhatsApp and Google Play Store.

   

  11. Remember, you have options beyond borrowing from these loan apps. Prioritize your financial well-being and integrity.

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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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