• 

  LifeLine

  Category: Dangerous Loan

  Interest rate: 55%

  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!

• 

  Plenty Cash

  Category: Mild Loan

  Interest rate: 65%

  Important Information for Plenty Cash Users

  Downloaded Outside Play Store?
  If you’ve installed the app from outside the Play Store, you may have granted access to your contacts by providing permission. To protect yourself, generate your own disclaimer here: Create Your Disclaimer.

  Avoid Loan Agent Scams
  Before falling victim to loan agents in various groups, be informed. Read how scammers operate on Facebook: Loan Agents Scamming People.

  Can You Clear Your Contacts from Loan Apps?
  No one can remove your contacts from a loan app's database. Learn more: Clearing Contacts from Loan App Databases.

  Ignore Harassing Messages
  If a loan app has contacted your friends or family, stay calm. You don’t owe them anything more. Focus on moving forward with your life.

  Unlicensed Apps Have No Power
  Loan apps that resort to defamation aren’t legitimate. They can’t take legal action against you. Their only tactic is to shame you, which holds no real threat.

  Your Contacts Can’t Help
  Most of your contacts won’t be able to assist you, and they are likely aware of the unethical practices used by loan sharks.

  Be Wary of Short-Term Loans
  Loans with 7-day terms and high interest rates are often followed by threats and defamation. Avoid such loan sharks and only borrow from licensed lenders.

  Debt Can Lead to Bankruptcy
  Borrowing from these apps can damage your finances, leading to bankruptcy. The best way to protect yourself is to stop borrowing entirely.

  Avoid Paying Overdue Interest
  If you’ve already paid off the principal and original interest, ignore any demands for overdue interest.

  Don’t Get Trapped in a Debt Cycle
  Borrowing from one loan app to pay off another only deepens your financial troubles. Loan sharks operate multiple apps, and it’s easy to get trapped in a vicious cycle of debt.

  Use Truecaller to Block Loan Sharks
  Install Truecaller to identify and block calls from loan sharks. You can also report them on WhatsApp and Google Play Store.

  Break Free from Loan Sharks
  The only real way to escape loan sharks is to stop borrowing. You lived without them before—don’t let them tarnish your reputation now.

  Prioritize Your Financial Health
  Stay strong and focus on your financial well-being. Your health and future matter more than what loan sharks try to impose on you.

  Remember: Health is wealth—don't let loan sharks jeopardize your future!

• 

  steadycash

  Category: Dangerous Loan

  Interest rate: 35%

  1. They will send SMS messages to your contacts, claiming that you owe them money.

  2. Prepare yourself for an onslaught of unpleasant WhatsApp messages if you are even a day late.

  3. Their repayment schedules typically range from 6 to 14 days, making it extremely challenging to settle your debts.

  4. Anticipate daily overdue interest rates ranging from 5% to 7%, pushing you further into debt.

  5. Once they tarnish your reputation, there is no need to repay them. They have already achieved their goal.

  6. Since they lack a license, they are unable to pursue legal action against you. Their sole tactic is to damage your reputation.

  7. Avoid borrowing from other loan apps to clear your debts; this will only worsen your situation.

  8. Utilize Truecaller to screen and block their calls, sparing yourself unnecessary stress.

  9. The most effective way to break free from loan sharks is to cease borrowing altogether.

  10. Block them on WhatsApp and report them directly to WhatsApp and Google Play Store to prevent others from falling victim to the same scheme.

• Category:

  Interest rate: %

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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.

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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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