• 

  Deloan

  Category: Dangerous Loan

  Interest rate: 35%

  Important Information for Deloan Users:

  Downloaded the App Outside Play Store?
  If you’ve downloaded the app from outside the Play Store, it’s possible that you've granted them access to your contacts. This happens because contact permission is typically required. In such cases, it’s important to create your own disclaimer to protect yourself. You can generate one here:
  Generate Your Own Disclaimer

  Avoid Loan Scammers
  Before falling victim to loan agents in online groups, be cautious. Many scammers operate within Facebook groups. Learn more about how they operate here:
  Read About Loan App Scammers

  Can Contacts Be Cleared from Loan App Databases?
  It’s a common myth that contacts can be removed from loan app databases once uploaded. Learn the truth about this here:
  Clearing Contacts from Loan Apps

  Ignore Harassing Messages
  If your family or friends have been contacted by loan agents, don’t worry. You don’t owe them anything beyond what’s agreed. Focus on your life and move forward.

  Unlicensed Apps Are Powerless
  Loan apps that engage in defamation are not legitimate. They can’t take legal action against you. Their only tactic is to try to shame you—don’t let it affect you.

  Your Contacts Can’t Help
  Most of your contacts won’t be able to assist you with loan sharks, and they’re likely aware of the shady practices these lenders use.

  Beware of Short-Term Loans
  Loans with 7-day durations and high interest rates often result in threats and defamation. Avoid borrowing from these sources. Stick to licensed lenders if borrowing is necessary.

  Debt Can Lead to Bankruptcy
  Taking loans from these apps can severely damage your finances, possibly pushing you toward bankruptcy. The best way to protect yourself is to stop borrowing entirely.

  Avoid Overdue Interest Demands
  If you’ve already repaid the principal and original interest, don’t feel obligated to pay any additional demands for overdue interest.

  Don’t Get Trapped in a Debt Cycle
  Taking one loan to pay off another can lead to an endless cycle of debt. Many loan sharks operate multiple apps, which will only sink you deeper into trouble.

  Use Truecaller to Block Loan Sharks
  Install Truecaller to identify and block calls from loan sharks. You can also report these apps on WhatsApp and Google Play Store.

  Escape the Loan Shark Trap
  The only real way to break free from loan sharks is to stop borrowing. You survived before they entered your life—don’t let them ruin your reputation or peace of mind.

  Stay Strong and Protect Your Future
  Remember, your health and well-being come first. Don’t let loan sharks jeopardize your future. Focus on maintaining your financial stability.

• 

  Cycle cash

  Category: Dangerous Loan

  Interest rate: 35%

  Things You Should Know About CycleCash Loan App

  Broadcasting Your Debt
  CycleCash may notify your contacts via SMS to inform them of your outstanding debt, making your financial situation public.

  Harassment via WhatsApp
  If you're even a day late, be prepared for a flood of unpleasant and aggressive messages on WhatsApp. They won’t hesitate to apply pressure through social messaging platforms.

  Short Repayment Periods
  Their repayment terms are tight, ranging from just 6 to 14 days, making it challenging for many borrowers to meet deadlines without strain.

  High Interest on Late Payments
  Beware of their steep overdue interest rates, which can range from 1% to 5% per day. These rates escalate rapidly, pushing borrowers into deeper debt with little relief.

  Defamation Over Debt
  Even after repayment, restoring your reputation may be difficult. Once they’ve tarnished your name with public accusations, paying them back doesn’t reverse the damage.

  Unlicensed and Defamatory Practices
  CycleCash is not a licensed lender, and their go-to method to force repayment often involves defamatory tactics like publicly shaming borrowers.

  Avoid Borrowing from Other Loan Apps
  Don’t make the mistake of borrowing from another app to settle debts with CycleCash. This can trap you in a vicious cycle of mounting loans and escalating interest rates.

  Block Harassing Calls
  Apps like Truecaller can help you identify and block their relentless calls, giving you peace of mind from their aggressive tactics.

  Break the Cycle
  The best way to escape the debt trap is to stop borrowing entirely. Take control of your finances by cutting ties with predatory lending apps like CycleCash.

  Take Action
  If CycleCash is using unscrupulous methods to harass you, don’t hesitate to block them on WhatsApp and report their actions to both WhatsApp and the Google Play Store.

  Stay in Control
  Remember, you managed just fine before dealing with these lenders. Don’t let their predatory tactics destroy your reputation or put your financial stability at risk.

  Take charge of your financial well-being and avoid falling into the harmful cycle created by high-interest, short-term loan apps like CycleCash.

• 

  Lcredit max

  Category: Dangerous Loan

  Interest rate: 35%

  Prepare for a deluge of SMS messages to your contacts, alleging that you owe them money.

  Be prepared for an onslaught of unpleasant WhatsApp messages if you're even a day late.

  Their repayment schemes typically span from 6 to 14 days, making it exceedingly difficult to settle.

  Anticipate daily overdue interest rates ranging from 5% to 7%, exacerbating your debt burden.

  There's no point in repaying them once they tarnish your reputation; they've already achieved their objective.

  Since they lack proper licensing, they're unable to pursue legal action against you. Their only recourse is to damage your reputation.

  Avoid borrowing from additional loan apps to clear your debts; it will only deepen your financial woes.

  Utilize Truecaller to screen and block their calls, sparing yourself unnecessary anxiety.

  The most effective way to liberate yourself from loan sharks is to cease borrowing altogether.

  Block them on WhatsApp and report them directly to WhatsApp and Google Play Store to prevent others from falling victim to the same deception.

---

Step by step guide to break free from loan apps

---

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

---