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  Nice naira

  Category: Dangerous Loan

  Interest rate: 35%

  Protect Your Privacy: If you downloaded the app outside of the Play Store, it likely means you've granted them access to your contacts by giving them permission. In this case, it's important to protect yourself. You can generate your own disclaimer here:
  Create Your Disclaimer.

  Beware of Loan Agent Scams: Before falling for loan agents in any group, take the time to learn how they operate. Read about how some agents scam people through Facebook groups:
  Learn About Loan Agent Scams.

  Clearing Your Contacts: Is it possible to clear your contacts from a loan app's database? Find out the truth behind this claim:
  Clearing Your Contacts.

  Ignore Harassing Messages: If the loan company has contacted your friends or family, stay calm. You don't owe them any more than you've agreed to. Focus on moving forward with your life.

  Unlicensed Apps Can't Harm You: Apps that resort to defamation are often unlicensed and powerless. They can't legally harm you, and their main tactic is shaming.

  Your Contacts Can’t Help You: In most cases, your contacts can't assist you, and they likely already know how loan sharks operate.

  Avoid Short-Term Loans: Short-term loans with high interest rates (such as those with 7-day durations) often come with threats and defamation tactics. Stick to licensed lenders if you must borrow.

  Debt Can Lead to Bankruptcy: Borrowing from unscrupulous apps can ruin your finances and push you towards bankruptcy. The best strategy is to stop borrowing altogether.

  Don’t Pay Overdue Interest: If you’ve already paid back the principal and initial interest, you don't have to pay additional overdue interest.

  Avoid the Debt Cycle: Taking out a loan to repay another only leads to more debt. Many loan sharks operate multiple apps, trapping borrowers in a cycle of debt.

  Use Truecaller to Block Harassment: Install Truecaller on your phone to block unwanted loan shark calls. You can also report these numbers on WhatsApp and Google Play Store.

  Break Free from Loan Sharks: The best way to escape is to stop borrowing from them. You survived without them before—don’t let them damage your reputation.

  Prioritize Your Financial Health: Remember, your financial well-being is more important than any loan. Don't let loan sharks jeopardize your future. Stay strong and focused!

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  FairMoney

  Category: Safe Loan

  Interest rate: 28%

  Let's talk about FairMoney and what you need to know to navigate your borrowing journey smoothly.

   

  First off, FairMoney is different from your typical loan app. They won't resort to defaming you or harassing your contacts if you fall behind on payments. Instead, they take a more professional approach and report any delinquent accounts to the appropriate authorities. It's a more respectful way of handling things, don't you think?

   

  Now, when it comes to overdue interest, FairMoney is pretty fair (hence the name). Their rates are reasonable, and if you've paid off the capital and initial interest, you can decide not to pay the overdue interest. It's a nice little perk that gives you some flexibility in managing your finances.

   

  Here's a golden rule: never borrow from another loan app to repay FairMoney. It's a slippery slope that can lead to even more debt. Instead, only borrow what you need when you have the money, and make sure to spread out your payments over several months. That way, you can stay on top of your finances without feeling overwhelmed.

   

  To help you avoid any unwanted calls from FairMoney, consider installing Truecaller on your phone. This handy app can identify incoming calls and allow you to block them if you prefer not to answer. It's a simple but effective way to maintain some peace and quiet.

   

  So, there you have it. FairMoney is a reliable option for borrowing money when you need it most. Just remember to borrow responsibly, stay on top of your payments, and you'll be well on your way to financial freedom.

  Take care, and happy borrowing!

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  Xcrosscash

  Category: Mild Loan

  Interest rate: 47%

  Xcrosscash is a lending platform that offers financial assistance to individuals in need. Here are some important points to know about their services:

  1. Respectful Repayment Process: Xcrosscash does not engage in defamatory practices if borrowers pay their dues gradually until the full repayment is completed. This means that borrowers can manage their repayment schedule at their own pace without facing any negative repercussions from the platform.

  2. Interest Payment Guidelines: It is advisable not to pay overdue interest after settling the normal interest and capital amount. By adhering to this guideline, you can avoid unnecessary financial burden and ensure a smoother repayment process.

  3. Communication Management: In case you experience persistent communication from Xcrosscash via calls or WhatsApp messages, it is recommended to block their contacts and WhatsApp numbers. This step can help you maintain their peace of mind and avoid unnecessary disturbances.

  4. Avoid Borrowing to Repay: You should refrain from borrowing from another loan app to repay their dues to Xcrosscash. Doing so can lead to a cycle of debt and financial instability, which may exacerbate the existing financial challenges.

  5. Utilize Truecaller for Blocking: Installing Truecaller on a mobile phone can be beneficial for you who wish to block unwanted calls from Xcrosscash. This app allows users to identify and block spam calls, including those from lenders, thus providing added control over communication channels.

  By understanding and adhering to these guidelines, you can effectively manage their repayment journey with Xcrosscash and maintain a positive financial standing.

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  Xcash

  Category: Dangerous Loan

  Interest rate: 42%

  Xcash, a leading financial service provider, operates under the umbrella of New Edge Finance, a renowned financial institution with an extensive portfolio. Notably, New Edge Finance also owns Easybuy and boasts a diverse range of apps, including Palmcredit, Xcrosscash, Newcredit, and many more, available on Google Play Store.

  One distinguishing feature of Xcash is its commitment to fair and respectful borrower relations. Borrowers can repay their loans gradually without fear of defamation or negative consequences from the platform, fostering a trusting and supportive environment for borrowers.

  To ensure a smooth repayment process, borrowers are advised against paying overdue interest once the normal interest and capital amounts have been settled. This practice helps borrowers manage their finances effectively and avoid unnecessary financial strain.

  In the event of persistent communication from Xcash via calls or WhatsApp messages, borrowers have the option to block their contacts and WhatsApp numbers. This proactive step enables borrowers to maintain their privacy and peace of mind, minimizing potential disruptions.

  It is strongly recommended that you refrain from borrowing from other loan apps to settle dues with Xcash. Doing so may exacerbate financial challenges and lead to a cycle of debt accumulation.

  For enhanced control over communication channels, you can leverage Truecaller by installing it on their mobile phones. Truecaller empowers you to identify and block spam calls, including those from lenders like Xcash, providing an added layer of security and convenience.

   

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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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