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  Mr Money

  Category: Dangerous Loan

  Interest rate: 42%

  Mr. Money in a straightforward manner, as if we’re having a one-on-one chat. Here’s what you need to know:

   

  SMS and Derogatory Messages:

  • When you borrow money from Mr. Money, they won’t hesitate to send SMS messages to your contacts, letting them know that you owe them money.
  • Additionally, if your repayment is even one day overdue, they’ll bombard your WhatsApp with all sorts of negative messages.

   

  Repayment Plans:

  • Mr. Money typically offers repayment plans ranging from 6 to 14 days. However, these plans can be quite challenging to manage.
  • The pressure to repay within such a short timeframe can be overwhelming.

   

  Overdue Interest:

  • Beware of their overdue interest rates, which can range from 2% to 7% per day. These high rates can quickly trap you in a cycle of debt.
  • Once they label you as a defaulter, they’ve already made their money – paying them back won’t change that.

   

  Unlicensed Loan Apps:

  • Mr. Money operates without a license. Their only weapon is to tarnish your reputation.
  • Legally, they can’t take any direct action against you.

   

  Avoid Borrowing More:

  • Resist the temptation to borrow from another loan app to pay off Mr. Money. It’s a slippery slope.
  • Many loan apps are interconnected, and you might unknowingly end up borrowing from them again.

   

  Truecaller for Identification:

  • Install Truecaller on your mobile phone. It helps you identify incoming calls.
  • Use it to avoid their calls and block their contacts.

   

  Break the Cycle:

  • The ultimate solution to escape the clutches of loan sharks is to stop borrowing altogether.
  • Remember, you survived before they came into the picture – you’ll find other ways to manage.

   

  Take Action:

  • Block Mr. Money on WhatsApp and report them directly on WhatsApp and Google Play Store.
  • Protect your integrity and well-being.

   

  Remember, you have the power to break free from this cycle. Prioritize your financial health and well-being over short-term loans. 🌟

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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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