Expert Review
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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.
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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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