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  Minicredit

  Category: Dangerous Loan

  Interest rate: 45%

  Public Shaming? Not Cool: Forget the drama! Minicredit might blast your contacts with messages saying you owe them money. Imagine your phone blowing up with embarrassing texts – not the best look, right?

   

  WhatsApp Woes: Brace yourself for a barrage of nasty messages on WhatsApp if you're even a day late. Think of it like a digital scolding – not exactly helpful or respectful.

   

  Short Deadline Trap: Their repayment plans are often super short (6-14 days!), making it tough to catch up. Don't get caught in their tightrope act!

   

  Interest Spiral: Watch out for sky-high daily interest rates (1-5%) that can snowball your debt faster than you can say "ouch!" It's like a debt avalanche waiting to happen.

   

  Don't Feed the Defamation: Remember, shaming you is their tactic, not their right. If they defame you, don't pay them a dime! They already have their "money" – your dignity.

   

  Unlicensed Loan Sharks: These apps operate outside the law, so their threats are mostly empty. Their main weapon is shame, but you don't have to play their game.

   

  Debt Trap Trap: Borrowing from another app to pay them is like jumping from one frying pan into another fire. They have multiple apps, so you might end up deeper in debt with them again.

   

  Silence the Buzz: Feeling harassed? Download Truecaller to identify and block their calls. You deserve peace of mind to focus on finding solutions.

   

  Break Free From the Cycle: The real key to escaping loan sharks is to stop borrowing altogether. They might seem like your only option, but they're not! Explore other ways to manage your finances, like budgeting or seeking help from trusted organizations.

   

  Report & Block: Don't let them win! Report them to WhatsApp and Google Play Store. Block them on your phone and cut off all contact.

   

  Live Beyond Loans: You existed before them, and you can thrive after them. Don't let them control your life or damage your reputation. Remember, your integrity is worth more than any loan.

   

  Remember, you're not alone. There are resources and support available to help you manage your finances and break free from the debt cycle. Don't let loan sharks like Minicredit control you. Take a stand, be informed, and find a healthier path forward.

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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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