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  Palmpay

  Category: Safe Loan

  Interest rate: 35%

  When considering loans from PalmPay, it’s crucial to be aware of the following practices:

  1. Broadcasting Your Debt

  PalmPay may not hesitate to inform your contacts via SMS about your outstanding debt. This tactic is aimed at putting pressure on you to repay quickly.

  2. Harassment on WhatsApp

  If you're even a day late on repayment, you can expect to receive a barrage of aggressive messages through WhatsApp. This can be overwhelming and adds stress to an already difficult situation.

  3. Tight Repayment Window

  PalmPay typically has short repayment periods ranging from 6 to 14 days, making it challenging to meet deadlines and manage your finances effectively.

  4. High Interest on Overdue Payments

  Overdue payments can incur high interest rates that escalate quickly, ranging from 1% to 5% per day. This can lead to a rapid accumulation of debt, making it difficult to regain control of your financial situation.

  5. Reputation Over Debt

  Once PalmPay starts defaming you, simply repaying the debt may not restore your reputation. Their actions can tarnish your name long after the debt is settled.

  6. Unlicensed and Defamatory Tactics

  Even if PalmPay operates without proper licensing, their primary strategy often relies on defamation—a cheap and unethical way to compel repayment.

  7. Avoid Borrowing from Other Loan Apps

  Refrain from borrowing from other loan apps to repay PalmPay. This can trap you in a vicious cycle of debt that becomes increasingly difficult to escape.

  8. Block Their Calls

  Utilize apps like Truecaller to identify and block persistent calls from PalmPay. This can help reduce stress and interruptions in your daily life.

  9. Break Free

  The most effective solution is to stop borrowing from PalmPay entirely. Free yourself from their cycle of debt and regain control over your finances.

  10. Take Action

  If PalmPay engages in unscrupulous behavior, don’t hesitate to block them on WhatsApp and report their actions to WhatsApp and the Google Play Store.

  11. Stay in Control

  Remember, you were managing your finances just fine before PalmPay entered the picture. Don't let their tactics damage your reputation or drain your finances. Take charge of your financial future today!

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  FairMoney

  Category: Safe Loan

  Interest rate: 28%

  Let's talk about FairMoney and what you need to know to navigate your borrowing journey smoothly.

   

  First off, FairMoney is different from your typical loan app. They won't resort to defaming you or harassing your contacts if you fall behind on payments. Instead, they take a more professional approach and report any delinquent accounts to the appropriate authorities. It's a more respectful way of handling things, don't you think?

   

  Now, when it comes to overdue interest, FairMoney is pretty fair (hence the name). Their rates are reasonable, and if you've paid off the capital and initial interest, you can decide not to pay the overdue interest. It's a nice little perk that gives you some flexibility in managing your finances.

   

  Here's a golden rule: never borrow from another loan app to repay FairMoney. It's a slippery slope that can lead to even more debt. Instead, only borrow what you need when you have the money, and make sure to spread out your payments over several months. That way, you can stay on top of your finances without feeling overwhelmed.

   

  To help you avoid any unwanted calls from FairMoney, consider installing Truecaller on your phone. This handy app can identify incoming calls and allow you to block them if you prefer not to answer. It's a simple but effective way to maintain some peace and quiet.

   

  So, there you have it. FairMoney is a reliable option for borrowing money when you need it most. Just remember to borrow responsibly, stay on top of your payments, and you'll be well on your way to financial freedom.

  Take care, and happy borrowing!

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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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