Expert Review
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CashRun
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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Futurecash
We will review the apps within the next 48 hours and provide detailed information and also do our background checks10 Commandments for Dealing with Loan Sharks
1. Ignore Harassing Messages: If loan sharks have already contacted your friends or family, don't worry. You don't owe them anything more. Move forward and focus on your life.
2. Unlicensed Apps Are Helpless: Loan apps resorting to defamation aren't legitimate. They can't legally harm you. Their only tool is to shame you.
3 Your Contacts Can't Save You: Most of your contacts won't be able to assist you, and they're likely aware of the shady tactics loan sharks use.
4 Beware of Short-Term Loans: Loans with short durations and high interest rates often lead to threats and defamation. Avoid loan sharks. If you must borrow, choose licensed lenders.
5 Debt Leads to Bankruptcy: Borrowing from these apps can wreck your finances and push you towards bankruptcy. The best solution is to stop borrowing altogether.
6 Avoid Overdue Interest: If you've already paid back the principal and initial interest, ignore any demands for overdue interest.
7 Don't Cycle Debts: Taking a loan to pay off another leads to a cycle of debt. Loan sharks have multiple apps, and you'll end up deeper in trouble
8 Use Truecaller to Block: Install Truecaller on your phone to identify loan shark calls and block them. Also, report them on WhatsApp and Google Play Store.
9 Break Free from Loan Sharks: The only way to escape loan sharks is to stop borrowing from them. You survived before they came into your life. Don't let them tarnish your reputation.
10 Stay strong, and prioritize your financial well-being: Remember, health is wealth. Do not allow loan sharks to jeopardize your future!.
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Somemoney
Important Information for SomeMoni Users:
If You Downloaded the App Outside the Play Store
Downloading the app from sources other than the Play Store may mean you’ve allowed access to your contacts by granting permission. To protect your privacy, it’s crucial to generate your own disclaimer. You can easily do this here.Beware of Loan Agents Scams
Before trusting any loan agents in this or other groups, make sure to check out the growing number of scams targeting users. Read more about how agents on Facebook groups are scamming people here.Clearing Your Contacts from Loan Apps Databases
Wondering if it's possible to remove your contacts from a loan app’s database? Get all the facts and see what’s true or not here.Ignore Harassing Messages
If loan apps have contacted your friends or family, don’t worry. You’ve repaid what’s owed and don’t need to respond further. Keep moving forward and focus on your life.Unlicensed Loan Apps Have No Power
Loan apps that resort to defamation are not legitimate and can’t take legal action against you. Their only tactic is shaming—don’t let it affect you.Your Contacts Can’t Save You
Most of your contacts won’t be able to help, and they’re likely aware of the unfair methods some loan apps use.Watch Out for Short-Term Loans
Loans with 7-day durations and high interest often come with threats and defamation tactics. Avoid loan sharks. If you need to borrow, always choose licensed lenders.Debt Can Lead to Bankruptcy
Borrowing from predatory loan apps can ruin your finances and push you toward bankruptcy. The best way to protect yourself is to stop borrowing from these apps altogether.Ignore Overdue Interest Demands
If you’ve already repaid the principal and initial interest, any demands for overdue interest can be ignored.Avoid the Debt Cycle
Taking out one loan to pay off another is a dangerous cycle. Loan sharks operate multiple apps, and this can trap you further in debt.Use Truecaller to Block Harassing Calls
Install Truecaller on your phone to identify and block loan shark calls. You can also report them on WhatsApp and Google Play Store to help stop their activities.Break Free from Loan Sharks
The only way to escape loan sharks is to stop borrowing from them. Remember, you managed just fine before these apps, and you can do so again without them tarnishing your reputation.Stay Strong and Protect Your Financial Well-being
Always prioritize your financial health. Don’t let loan sharks endanger your future. Your peace of mind and well-being are worth far more. -
Moneytree mycash
- Be cautious if you receive SMS messages from lenders claiming you owe them money—they may send these to your contacts as well.
- Expect a barrage of unpleasant WhatsApp messages if your repayment is even just one day late.
- Many of these lenders impose short repayment schedules, typically ranging from 6 to 14 days, making it extremely difficult to manage your debts.
- Prepare for daily overdue interest rates between 5% and 7%, which can quickly lead you deeper into financial trouble.
- Once your reputation is damaged, their goal is achieved, and they may no longer expect repayment.
- Without a proper license, these lenders cannot take legal action against you; their primary strategy is to harm your reputation.
- Avoid the trap of borrowing from other loan apps to pay off existing debts, as this can only complicate your situation further.
- Use Truecaller to screen and block calls from these lenders, reducing your stress and anxiety.
- The best way to escape the clutches of loan sharks is to stop borrowing altogether.
- Don’t hesitate to block them on WhatsApp and report them to both WhatsApp and the Google Play Store to protect yourself and others from falling victim to their schemes.
Stay informed and make wise financial choices to protect yourself from predatory lending practices.
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LifeLine
These apps ain't playing fair:
- They blast embarrassing messages to your contacts if you're even a day late. Imagine your grandma getting spammed about your loan! Yikes!
- Their repayment plans are super short, like 6-14 days, making it tough to catch up. Feels like they're setting you up to fail.
- They charge crazy interest, 2% to 7% per day! That adds up faster than a speeding bullet, sinking you deeper in debt.
Hold up, don't play their game:
- If they start shaming you, don't give in! They already got their money by messing with your reputation. Don't give them more power.
- These apps are like bullies without a license. They can't hurt you legally, their only weapon is embarrassment. Don't let them win!
- Don't even think about borrowing from another app to pay them back. It's a trap! They have tons of apps, so you'll just end up deeper in debt with different faces.
Here's how to fight back:
- Get Truecaller! It helps you ID their calls and block them like nobody's business. Peace out, pests!
- Remember, the best way to escape these loan sharks is to stop borrowing from them in the first place. You got this!
- Block them on WhatsApp and report them directly. Let the platforms know these guys are bad news.
- If you don't borrow from them, you'll find a way to make it work. You were surviving before they came along, right? Don't let them mess with your life and self-respect.
Remember, you're not alone. There are resources available to help you deal with debt and get back on your feet. Don't let these loan sharks bully you. You've got the power to break free!
Join our Facebook Group
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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