Expert Review
-
Alend
First off, you'll be relieved to know that Alend doesn't engage in defamation tactics. Unlike some other loan apps out there, they won't resort to sending derogatory messages to your contacts or tarnishing your reputation.
However, it's essential to understand that Alend takes repayment seriously. If you fail to meet your repayment obligations, they won't hesitate to report you to the appropriate authorities. So, it's crucial to honor your commitments and repay your loans on time to avoid any legal consequences.
When it comes to interest rates, Alend is relatively reasonable. Their overdue interest rates are fair, but here's the catch: once you've paid off the capital and initial interest rate, you have the option to forego paying any further overdue interest. This flexibility can be a lifesaver if you find yourself in a tight spot financially.
Now, let's talk about borrowing responsibly. A golden rule to remember is never to borrow from another loan app to repay your debt to Alend. This will only exacerbate your financial woes and could lead to a vicious cycle of debt. Instead, prioritize paying off your loans when you have the means to do so. If necessary, you can spread out your payments over several months, but make sure you stick to your repayment plan.
To help you manage incoming calls and avoid unwanted contact from Alend, consider installing Truecaller on your mobile phone. This handy app lets you identify callers and block numbers, giving you more control over who can reach you.
In summary, while borrowing from Alendcan be a convenient way to meet your financial needs, it's essential to do so responsibly. By honoring your repayment commitments, avoiding borrowing from other loan apps, and staying vigilant with Truecaller, you can navigate your borrowing experience with confidence.
Remember, financial responsibility is key to maintaining a healthy financial future.
-
Palmpay
When considering loans from PalmPay, it’s crucial to be aware of the following practices:
1. Broadcasting Your Debt
PalmPay may not hesitate to inform your contacts via SMS about your outstanding debt. This tactic is aimed at putting pressure on you to repay quickly.
2. Harassment on WhatsApp
If you're even a day late on repayment, you can expect to receive a barrage of aggressive messages through WhatsApp. This can be overwhelming and adds stress to an already difficult situation.
3. Tight Repayment Window
PalmPay typically has short repayment periods ranging from 6 to 14 days, making it challenging to meet deadlines and manage your finances effectively.
4. High Interest on Overdue Payments
Overdue payments can incur high interest rates that escalate quickly, ranging from 1% to 5% per day. This can lead to a rapid accumulation of debt, making it difficult to regain control of your financial situation.
5. Reputation Over Debt
Once PalmPay starts defaming you, simply repaying the debt may not restore your reputation. Their actions can tarnish your name long after the debt is settled.
6. Unlicensed and Defamatory Tactics
Even if PalmPay operates without proper licensing, their primary strategy often relies on defamation—a cheap and unethical way to compel repayment.
7. Avoid Borrowing from Other Loan Apps
Refrain from borrowing from other loan apps to repay PalmPay. This can trap you in a vicious cycle of debt that becomes increasingly difficult to escape.
8. Block Their Calls
Utilize apps like Truecaller to identify and block persistent calls from PalmPay. This can help reduce stress and interruptions in your daily life.
9. Break Free
The most effective solution is to stop borrowing from PalmPay entirely. Free yourself from their cycle of debt and regain control over your finances.
10. Take Action
If PalmPay engages in unscrupulous behavior, don’t hesitate to block them on WhatsApp and report their actions to WhatsApp and the Google Play Store.
11. Stay in Control
Remember, you were managing your finances just fine before PalmPay entered the picture. Don't let their tactics damage your reputation or drain your finances. Take charge of your financial future today!
Join our Facebook Group
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.
-
Loan shark money cannot help solve anybody matter to better 40% - 70% in 7 days, they are simply misery compounders!! Do away with them.
-
Loan Apps major aim is to make outrageous profit from people and render people bankrupt. Dont be a victim
What people are saying
Add a review
Your comment could save a life! Share your experience with loan apps and help others escape the clutches of Loan Shark Apps.
