Expert Review
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Ease Cash
Let's discuss the Ease Cash lending service and its implications for borrowers. Firstly, it's important to note that this lending platform operates differently from traditional financial institutions. Here are some key points to consider:
Ease Cash may resort to contacting your acquaintances via SMS if you have outstanding debt with them.
In the event of even a one-day delay in repayment, Ease Cash might send disparaging messages to your WhatsApp contacts.
Their repayment plans typically range from 6 to 14 days, which can pose challenges for borrowers.
Overdue interest rates fluctuate between 2% and 7% per day, potentially leading to a cycle of increasing debt.
Refraining from repayment won't deter Ease Cash; instead, they may resort to defaming tactics to retrieve their funds.
These loan apps lack proper licensing, limiting their recourse to defamatory actions as their primary means of enforcement.
Borrowing from another loan app to settle debts with Ease Cash can exacerbate financial troubles, potentially leading to bankruptcy.
Truecaller can help identify and block unwanted calls from Ease Cash and similar entities.
Ultimately, the most effective way to break free from the grip of loan sharks like Ease Cash is to cease borrowing altogether.
Blocking their communication channels on WhatsApp and reporting their activities on platforms like WhatsApp and Google Play Store can help mitigate their influence.
Remember, your integrity and financial well-being are paramount; avoiding further borrowing is crucial to reclaiming control over your finances.
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Xcash
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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Pasa
They'll shoot off SMS to your contacts, saying you owe them money.
Brace yourself for a barrage of nasty WhatsApp messages if you're just a day late.
Their repayment plans usually last between 6 to 14 days, making it a real struggle to pay up.
Expect overdue interest rates of 5% to 7% per day, pushing you deeper into debt.
Don't bother paying them back once they tarnish your name. They've already got what they wanted.
Since they're not licensed, they can't take legal action against you. Their only weapon is to smear your reputation.
Avoid borrowing from other loan apps to settle your debts; you'll only dig yourself into a deeper hole.
Use Truecaller to screen and block their calls, sparing yourself unnecessary stress.
The best way to break free from loan sharks is to stop borrowing altogether.
Block them on WhatsApp and report them directly to WhatsApp and Google Play Store to protect others from falling into the same trap.
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Pocash
They'll shoot off SMS to your contacts, saying you owe them money.
Brace yourself for a barrage of nasty WhatsApp messages if you're just a day late.
Their repayment plans usually last between 6 to 14 days, making it a real struggle to pay up.
Expect overdue interest rates of 5% to 7% per day, pushing you deeper into debt.
Don't bother paying them back once they tarnish your name. They've already got what they wanted.
Since they're not licensed, they can't take legal action against you. Their only weapon is to smear your reputation.
Avoid borrowing from other loan apps to settle your debts; you'll only dig yourself into a deeper hole.
Use Truecaller to screen and block their calls, sparing yourself unnecessary stress.
The best way to break free from loan sharks is to stop borrowing altogether.
Block them on WhatsApp and report them directly to WhatsApp and Google Play Store to protect others from falling into the same trap.
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Newcredit
Newcredit, a prominent lending platform, is a subsidiary of New Edge Finance, a reputable financial institution with a diverse portfolio. Notably, New Edge Finance also owns Easybuy and boasts a robust presence on Google Play Store with over 12 apps.
In terms of borrower relations, Newcredit stands out for its fair and respectful repayment policies. Borrowers are afforded the flexibility to repay their loans gradually, without fear of defamation or negative repercussions from the platform. This approach fosters trust and empowers borrowers to manage their financial commitments at their own pace.
To ensure a smooth repayment experience, borrowers are advised against paying overdue interest once the normal interest and capital amounts have been settled. By adhering to this guideline, borrowers can avoid unnecessary financial strain and maintain control over their repayment journey.
In the event of persistent communication from Newcredit via calls or WhatsApp messages, borrowers have the option to block their contacts and WhatsApp numbers. This proactive measure helps borrowers maintain their privacy and peace of mind, mitigating potential disruptions.
It is strongly recommended that borrowers refrain from borrowing from other loan apps to settle dues with Newcredit. Engaging in such practices may exacerbate financial challenges and lead to a cycle of debt accumulation.
For additional control over communication channels, borrowers can leverage Truecaller by installing it on their mobile phones. Truecaller enables users to identify and block spam calls, including those from lenders like Newcredit, providing an added layer of security and peace of mind.
By embracing Newcredit's transparent and borrower-friendly approach, individuals can effectively manage their financial obligations and build a positive relationship with the platform, ultimately paving the way for financial well-being and stability.
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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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