Lifepurse - Loan Shark Review
Interest Rate 35%
Duration From 7 days
Access Level Public
Company Name ORANGE LOAN AND PURPLE CREDIT LIMITED
Phone 1 +234 810 499 8441
Phone 2
Website or Store link through apk
Address
Category Dangerous Loan
Company Email
Views 1,960

LifePurse: Your Trusted Credit Loan Service

Key Features:

  • Loan amounts from ₦10,000 to ₦100,000
  • Flexible loan terms ranging from 91 to 365 days
  • Annual Interest Rate (APR) from 24% to 56%

Loan Example: If you borrow ₦10,000 for 180 days at an APR of 36.5%, you’ll repay a total of ₦11,800. This includes the ₦10,000 loan amount and ₦1,800 in interest, with no service fee.

Eligibility Requirements: ✔️ Nigerian resident
✔️ Age between 22 and 55 years

How to Apply:

  1. Download and install the LifePurse app from the Google Play Store.
  2. Complete the simple online application.
  3. Activate your credit limit.
  4. Withdraw the approved loan amount directly to your bank account.

Contact Us: We value your feedback and are here to assist with any questions or concerns.

  • Email: Lifepursehelp@gmail.com
  • Office Address: 26, Umuawulu Street, Presidential Road, Enugu State

Expert Counsel

Important Information for LifePurse Users

Downloaded the App Outside Play Store?
If you've installed the LifePurse app outside the Play Store, it means you've likely given permission for the app to access your contacts. To protect yourself, consider generating a disclaimer. You can create your own here: Generate Your Disclaimer.

Avoid Loan Agent Scams:
Before falling victim to fraudulent loan agents on social media or messaging groups, read about how loan app agents are scamming people on Facebook and other platforms: Learn More About Loan Agent Scams.

Can Contacts Be Removed from Loan Databases?
Once your contacts are accessed by loan apps, clearing them from the database is not a straightforward process. Learn more about this topic here: Clearing Contacts from Loan App Databases.

Ignore Harassing Messages:
If loan agents have contacted your friends or family, don’t panic. You don’t owe them anything beyond what’s legally required. Focus on moving forward with your life.

Unlicensed Apps Can’t Harm You Legally:
Loan apps using defamation as a tactic are not legitimate. They can't harm you legally, and their only weapon is shaming tactics. Don’t let them intimidate you.

Your Contacts Won’t Save You:
Most of your contacts are aware of the underhanded tactics used by loan sharks and won’t be able to help. Avoid relying on them for intervention.

Beware of Short-Term Loans:
Loans with a 7-day repayment window and high interest rates often lead to threats and defamation. Steer clear of such loan sharks and opt for licensed lenders.

Debt Can Lead to Bankruptcy:
Borrowing from unregulated loan apps can severely damage your finances and push you towards bankruptcy. The best course of action is to stop borrowing altogether.

Avoid Paying Overdue Interest:
If you’ve already paid off the principal and agreed-upon interest, ignore further demands for overdue interest. You have fulfilled your obligation.

Don’t Get Trapped in a Debt Cycle:
Taking loans to pay off other loans only leads to a cycle of debt. Loan sharks often operate through multiple apps, putting you in deeper financial trouble.

Use Truecaller to Block Calls:
Install Truecaller on your phone to identify and block calls from loan sharks. You can also report these loan agents on WhatsApp and the Google Play Store.

Break Free from Loan Sharks:
The only way to truly escape loan sharks is to stop borrowing from them. Remember, you survived before they came into your life—don’t let them tarnish your reputation now.

Stay Strong and Prioritize Your Financial Well-Being:
Your health is your wealth. Don’t allow loan sharks to jeopardize your future. Focus on safeguarding your financial and emotional well-being.




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