Expert Review
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Monicredit
They may send SMS messages to your contacts, informing them of your debt situation. Furthermore, if your payment is overdue by just one day, they may resort to sending derogatory messages via WhatsApp to your contacts.
Typically, Monicredit offers repayment plans ranging from 6 to 14 days, which can pose challenges in terms of affordability. Their overdue interest rates range from 2% to 7% per day, potentially exacerbating your debt burden.
It's essential to note that repaying Monicredit after they've defamed you is not advisable. Their primary tactic is to extract money through damaging your reputation. Since they operate as unlicensed loan apps, their only recourse is to tarnish your image.
Borrowing from another loan app to settle your debt with Monicredit is not a viable solution and may lead to financial ruin. They operate under various names on mobile app stores, complicating efforts to break free from their debt cycle.
To manage their communication effectively, consider installing Truecaller on your mobile phone. This can help you identify and block their calls, providing a measure of control over their attempts to contact you.
The most effective solution to break free from Monicredit's influence is to cease borrowing altogether. By refraining from further loans, you can gradually extricate yourself from the debt trap they impose. Additionally, blocking them on WhatsApp and reporting their actions directly to WhatsApp and Google Play Store can help mitigate their impact.
Remember, you have the power to regain control of your financial situation. Don't let Monicredit damage your integrity or dictate your financial well-being.
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CayCredit
Here's the scoop: once you borrow money from them, they start sending SMS to everyone in your contacts claiming you owe them money. This can be embarrassing and strain your relationships.
And it doesn't stop there. If you're just one day late on your payment, they bombard your WhatsApp with all sorts of disrespectful messages. It's definitely not a pleasant experience.
Their repayment plans aren't a walk in the park either. They typically give you somewhere between 6 to 14 days to repay, which can be quite challenging, especially with their high interest rates.
Speaking of interest rates, if you're late on a payment, they hit you with a pretty hefty interest rate, sometimes as much as 5% per day! This can quickly lead to more debt piling up.
Now, here's the catch: they're not even licensed! They can't legally do much to you besides trying to ruin your reputation by spreading lies about you.
Whatever you do, don't make the mistake of borrowing from another loan app to pay them back. It's a cycle that can leave you bankrupt. Plus, they have many different apps out there, so you might end up borrowing from them again without even realizing it.
Consider installing Truecaller on your mobile phone to identify and block unwanted calls from Caycredit. It's a simple way to avoid their attempts to contact you.
Ultimately, the best solution to avoid getting caught up with loan sharks like Caycredit is to simply stop borrowing from them altogether. Block them on WhatsApp and report them directly if they continue to harass you.
Remember, you were managing just fine before they came into the picture. Don't let them tarnish your integrity or financial stability. Stay strong and seek alternative means of support if needed. You've got this.
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Tiger credit
Let me give you the lowdown on Tiger Credit
- 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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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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