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  Kashloan

  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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  Flexi Cash

  Category: Mild Loan

  Interest rate: 52%

  Here's what you should know:

   

  1. They won't hesitate to send SMS to your contacts, letting them know you owe them some cash.

  2. Brace yourself for a flood of not-so-nice messages on WhatsApp if you're just a day overdue.

  3. Their repayment plans usually span from 6 to 14 days, which can be pretty tough to manage.

  4. Watch out for their steep overdue interest rates, ranging from 1% to a hefty 5% per day. That'll just land you in deeper debt.

  5. Don't give in and pay up if they start smearing your name. Remember, they've got their cash when they've defamed you.

  6. Despite being unlicensed, their go-to move is to defame you. Pretty low, right?

  7. Whatever you do, don't try borrowing from another loan app to settle your debts with them. It's a recipe for financial disaster.

  8. Consider installing Truecaller on your phone to screen their calls and block them altogether.

  9. The best way to shake off these loan sharks? Stop borrowing altogether.

  10. If they're causing trouble, don't hesitate to block them on WhatsApp and report their shady practices straight to WhatsApp and the Google Play Store.

  11. Remember, you were doing just fine before they showed up. Don't let them tarnish your reputation or your wallet.

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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