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  CayCredit

  Category: Dangerous Loan

  Interest rate: 42%

  Here's the scoop: once you borrow money from them, they start sending SMS to everyone in your contacts claiming you owe them money. This can be embarrassing and strain your relationships.

   

  And it doesn't stop there. If you're just one day late on your payment, they bombard your WhatsApp with all sorts of disrespectful messages. It's definitely not a pleasant experience.

   

  Their repayment plans aren't a walk in the park either. They typically give you somewhere between 6 to 14 days to repay, which can be quite challenging, especially with their high interest rates.

   

  Speaking of interest rates, if you're late on a payment, they hit you with a pretty hefty interest rate, sometimes as much as 5% per day! This can quickly lead to more debt piling up.

   

  Now, here's the catch: they're not even licensed! They can't legally do much to you besides trying to ruin your reputation by spreading lies about you.

   

  Whatever you do, don't make the mistake of borrowing from another loan app to pay them back. It's a cycle that can leave you bankrupt. Plus, they have many different apps out there, so you might end up borrowing from them again without even realizing it.

   

  Consider installing Truecaller on your mobile phone to identify and block unwanted calls from Caycredit. It's a simple way to avoid their attempts to contact you.

   

  Ultimately, the best solution to avoid getting caught up with loan sharks like Caycredit is to simply stop borrowing from them altogether. Block them on WhatsApp and report them directly if they continue to harass you.

   

  Remember, you were managing just fine before they came into the picture. Don't let them tarnish your integrity or financial stability. Stay strong and seek alternative means of support if needed. You've got this.

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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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