• 

  Moneytree mycash

  Category: Dangerous Loan

  Interest rate: 35%

  1. Be cautious if you receive SMS messages from lenders claiming you owe them money—they may send these to your contacts as well.
  2. Expect a barrage of unpleasant WhatsApp messages if your repayment is even just one day late.
  3. Many of these lenders impose short repayment schedules, typically ranging from 6 to 14 days, making it extremely difficult to manage your debts.
  4. Prepare for daily overdue interest rates between 5% and 7%, which can quickly lead you deeper into financial trouble.
  5. Once your reputation is damaged, their goal is achieved, and they may no longer expect repayment.
  6. Without a proper license, these lenders cannot take legal action against you; their primary strategy is to harm your reputation.
  7. Avoid the trap of borrowing from other loan apps to pay off existing debts, as this can only complicate your situation further.
  8. Use Truecaller to screen and block calls from these lenders, reducing your stress and anxiety.
  9. The best way to escape the clutches of loan sharks is to stop borrowing altogether.
  10. Don’t hesitate to block them on WhatsApp and report them to both WhatsApp and the Google Play Store to protect yourself and others from falling victim to their schemes.

  Stay informed and make wise financial choices to protect yourself from predatory lending practices.

---

Join our Facebook Group

---

What you should know

• 

  Any loan sharks that defame are never linked to the credit bureau in anyway and all they say to you are lies.

• 

  Loan shark money cannot help solve anybody matter to better 40% - 70% in 7 days, they are simply misery compounders!! Do away with them.

• 

  Loan Apps major aim is to make outrageous profit from people and render people bankrupt. Dont be a victim

---