Expert Review
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SilkLoan - Quick Cash Loan
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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NairaPlus
NairaPlus has a bit of a reputation for being quite persistent when it comes to debt collection. They're known to send messages to your contacts, letting them know about your unpaid debt. And if that's not enough, they might also flood your WhatsApp with all sorts of unpleasant messages if you're just one day overdue. It's not a pleasant experience, trust me.
Now, let's talk about their repayment plans. They typically offer repayment periods ranging from 6 days to 14 days, which can be quite challenging to keep up with. Plus, their interest rates for overdue payments can be as high as 5% to 7% per day, which can quickly land you in even more debt.
Here's an important tip: if NairaPlus starts defaming you, don't bother paying them back. They've already gotten what they wanted, and paying them won't make those unpleasant messages disappear. And since they're not licensed, they don't have much legal power besides tarnishing your reputation.
Whatever you do, avoid borrowing from another loan app to repay NairaPlus. They have a whole bunch of apps on mobile app stores, so if you think you're escaping one debt by borrowing from another, think again. You'll only find yourself sinking deeper into financial trouble.
To protect yourself from NairaPlus's relentless messages and calls, consider installing Truecaller on your phone. This handy app can help you identify and block their calls, giving you some much-needed peace of mind.
Ultimately, the best way to break free from NairaPlus's grip is to stop borrowing altogether. I know it's easier said than done, but it's the only way to avoid getting caught in their web of debt.
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Swiftnaira
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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