Expert Review
-
Personal Cash Loans - GetNaira
1. Your contacts might receive SMS notifications indicating that you owe money to Personal Cash Loans - GetNaira.
2. If you're just one day overdue, you may start receiving derogatory messages via WhatsApp from the loan provider.
3. Repayment plans typically range from 6 to 14 days, making it quite challenging for many borrowers to meet the deadlines.
4. The interest rates on overdue payments can vary between 2% and 7% per day, leading to a significant increase in your debt.
5. It's essential not to repay them if they resort to defaming you. Remember, they've already received their money, and resorting to defamation is their only recourse.
6. Since these loan apps are unlicensed, their only means of enforcement is through defamatory actions.
7. Borrowing from another loan app to settle debts with Personal Cash Loans - GetNaira could potentially worsen your financial situation and lead to bankruptcy.
8. Installing Truecaller on your mobile phone can help you identify and block calls from Personal Cash Loans - GetNaira and similar entities.
9. The best solution to break free from loan sharks like Personal Cash Loans - GetNaira is to stop borrowing altogether.
10. Take proactive steps to block them on WhatsApp and report their activities directly on WhatsApp and Google Play Store.
11. Remember, you have options beyond borrowing from these loan apps. Prioritize your financial well-being and integrity.
-
Getbee
Here's the lowdown in real talk:
No Public Shaming, But Gentle Nudges: They won't blast your contacts like some loan sharks, but expect friendly (or not-so-friendly) reminders to pay up. Remember, open communication is key, so talk to them about your repayment plan if needed.
Overdue Fees: Pay or Don't, It's Up to You: Like most loan apps, they charge extra for late payments. But here's the twist: once you pay the original loan and regular interest, you don't have to pay the late fees. Sounds good, right? Just remember, paying them all off helps your credit score.
Block Annoying Calls (But Maybe Don't): If their reminders feel like harassment, use Truecaller to block their numbers. However, blocking completely might shut off potential repayment solutions.
Say NO to the Debt Spiral: This one's crucial! Only use Top Credit if you're 100% sure you can repay on time. Borrowing from another app to pay them is a recipe for disaster!
Truecaller for Selective Blocking: You can use Truecaller to identify and block their calls if needed. But remember, clear communication is often better than shutting them out completely.
Your Options Are Wide Open: Don't feel pressured to borrow if you're not comfortable. Explore other solutions like budgeting, finding extra income, or seeking financial advice before jumping into any loan, even one with "secure savings" in the name.
Your Well-being is Top Priority: Remember, your financial peace of mind and good credit score are crucial. Use Top Credit responsibly and only if you understand their terms, interest rates, and repayment options. It's always best to borrow what you can truly afford to pay back.
In the end, there's no magic app for instant wealth. Be cautious, make informed decisions, and remember, you have options beyond loan apps!
-
Gocash
Let's discuss Gocash, which is operated by the Sokoloan company and is notorious for sending derogatory messages to your contacts.
When you owe them money, Gocash doesn't hesitate to send SMS messages to your contacts, alerting them of your debt. Moreover, even if you miss your repayment deadline by just one day, they start bombarding your WhatsApp contacts with disparaging messages.
Their repayment plans typically range from 6 to 14 days, making it challenging for borrowers to meet their obligations. Coupled with high overdue interest rates, ranging from 5% to 7% per day, Gocash can quickly escalate your debt burden.
It's important not to repay them once they tarnish your reputation, as this only serves to fulfill their agenda. Due to their lack of licensing, these loan apps are limited in their options and resort to defamation as their primary means of coercion.
Attempting to borrow from other loan apps to settle your debts with Gocash is risky, as they have multiple apps on mobile app stores. This could potentially trap you in a cycle of indebtedness, leading to serious financial consequences.
To protect yourself from their tactics, consider installing Truecaller on your mobile phone to identify and block their calls. Additionally, blocking them on WhatsApp and reporting their activities directly on both WhatsApp and Google Play Store can help mitigate their actions.
Ultimately, the most effective solution to break free from loan sharks like Gocash is to stop borrowing altogether. By taking control of your finances and avoiding further indebtedness, you can safeguard your financial well-being in the long term.
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
What people are saying
Add a review
Your comment could save a life! Share your experience with loan apps and help others escape the clutches of Loan Shark Apps.
