Expert Review
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PALMPAY FLEXI CASH
Here’s what you need to be aware of:
Broadcasting Your Debt: They won't hesitate to notify your contacts via SMS, alerting them about your debt.
Harassment on WhatsApp: Be prepared for a barrage of harsh messages if you're even a day late on repayment.
Tight Repayment Window: Their repayment periods are typically short, ranging from just 6 to 14 days, making it difficult to meet deadlines.
High Interest on Overdue Payments: Their overdue interest rates can escalate fast, anywhere from 1% to 5% per day, which can quickly sink you deeper into debt.
Reputation Over Debt: Once they start defaming you, paying them back won’t fix your reputation. They've already achieved their goal by tarnishing your name.
Unlicensed and Defamatory Tactics: Despite not having proper licensing, their primary strategy is defamation — a cheap shot to force repayment.
Don't Borrow from Other Loan Apps: Avoid the trap of borrowing from another loan app to pay them back. This will only lead you into a vicious cycle of debt.
Block Their Calls: Use apps like Truecaller to identify their numbers and block their relentless calls.
Break Free: The best solution? Stop borrowing from them entirely and free yourself from the cycle.
Take Action: Block them on WhatsApp, and don’t hesitate to report their unscrupulous behavior to WhatsApp and the Google Play Store.
Stay in Control: You were managing just fine before they came along. Don’t let their tactics harm your reputation or drain your finances.
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KoboGo
No Name-Calling Games: Look, life throws curveballs sometimes. If you hit a bump in the road with KoboGo, they won't go full blast on public shaming. As long as you're making an effort to gradually pay them back, they won't drag your name through the mud.
Overdue Interest Trap: Watch out for those extra charges! Once you've paid back the original loan amount and the usual interest, you don't have to pay those additional overdue fees. Think of it like closing the gate on extra costs once you've fulfilled your initial agreement.
Silence the Buzzer: Feeling pressured by constant calls and messages? Block their numbers! Download Truecaller to help you identify and block unwanted calls and messages from KoboGo. You have the right to peace of mind while you figure things out.
Avoid the Debt Spiral: Borrowing from one loan app to pay another is like digging a deeper hole. Trust me, there are better ways to manage your finances. Remember, getting deeper in debt won't solve your problems.
Stop the Cycle: The key to breaking free from any loan app, including KoboGo, is simple: stop borrowing. It might seem like your only option right now, but it's not! Explore other ways to manage your money, like budgeting, talking to trusted advisors, or finding alternative solutions.
Report and Block: Don't let them control you! If they're harassing you, report them directly to WhatsApp and Google Play Store. And don't hesitate to block them on your phone and cut off all communication.
Live Beyond Loans: You were here before them, and you'll be here after. Don't let loan apps like KoboGo damage your integrity or control your life. Remember, your well-being and dignity are worth more than any loan.
Remember, you're not alone. There are resources and support available to help you manage your finances and find a healthier path forward. Don't let loan apps bully you. Make informed choices, take control of your situation, and break free from the cycle.
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9 Credit
1. They will send SMS messages to your contacts, claiming that you owe them money.
2. Prepare yourself for an onslaught of unpleasant WhatsApp messages if you are even a day late.
3. Their repayment schedules typically range from 6 to 14 days, making it extremely challenging to settle your debts.
4. Anticipate daily overdue interest rates ranging from 5% to 7%, pushing you further into debt.
5. Once they tarnish your reputation, there is no need to repay them. They have already achieved their goal.
6. Since they lack a license, they are unable to pursue legal action against you. Their sole tactic is to damage your reputation.
7. Avoid borrowing from other loan apps to clear your debts; this will only worsen your situation.
8. Utilize Truecaller to screen and block their calls, sparing yourself unnecessary stress.
9. The most effective way to break free from loan sharks is to cease borrowing altogether.
10. Block them on WhatsApp and report them directly to WhatsApp and Google Play Store to prevent others from falling victim to the same scheme.
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Alend
First off, you'll be relieved to know that Alend doesn't engage in defamation tactics. Unlike some other loan apps out there, they won't resort to sending derogatory messages to your contacts or tarnishing your reputation.
However, it's essential to understand that Alend takes repayment seriously. If you fail to meet your repayment obligations, they won't hesitate to report you to the appropriate authorities. So, it's crucial to honor your commitments and repay your loans on time to avoid any legal consequences.
When it comes to interest rates, Alend is relatively reasonable. Their overdue interest rates are fair, but here's the catch: once you've paid off the capital and initial interest rate, you have the option to forego paying any further overdue interest. This flexibility can be a lifesaver if you find yourself in a tight spot financially.
Now, let's talk about borrowing responsibly. A golden rule to remember is never to borrow from another loan app to repay your debt to Alend. This will only exacerbate your financial woes and could lead to a vicious cycle of debt. Instead, prioritize paying off your loans when you have the means to do so. If necessary, you can spread out your payments over several months, but make sure you stick to your repayment plan.
To help you manage incoming calls and avoid unwanted contact from Alend, consider installing Truecaller on your mobile phone. This handy app lets you identify callers and block numbers, giving you more control over who can reach you.
In summary, while borrowing from Alendcan be a convenient way to meet your financial needs, it's essential to do so responsibly. By honoring your repayment commitments, avoiding borrowing from other loan apps, and staying vigilant with Truecaller, you can navigate your borrowing experience with confidence.
Remember, financial responsibility is key to maintaining a healthy financial future.
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Cashmama
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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