Expert Review
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Newcredit
Newcredit, a prominent lending platform, is a subsidiary of New Edge Finance, a reputable financial institution with a diverse portfolio. Notably, New Edge Finance also owns Easybuy and boasts a robust presence on Google Play Store with over 12 apps.
In terms of borrower relations, Newcredit stands out for its fair and respectful repayment policies. Borrowers are afforded the flexibility to repay their loans gradually, without fear of defamation or negative repercussions from the platform. This approach fosters trust and empowers borrowers to manage their financial commitments at their own pace.
To ensure a smooth repayment experience, borrowers are advised against paying overdue interest once the normal interest and capital amounts have been settled. By adhering to this guideline, borrowers can avoid unnecessary financial strain and maintain control over their repayment journey.
In the event of persistent communication from Newcredit via calls or WhatsApp messages, borrowers have the option to block their contacts and WhatsApp numbers. This proactive measure helps borrowers maintain their privacy and peace of mind, mitigating potential disruptions.
It is strongly recommended that borrowers refrain from borrowing from other loan apps to settle dues with Newcredit. Engaging in such practices may exacerbate financial challenges and lead to a cycle of debt accumulation.
For additional control over communication channels, borrowers can leverage Truecaller by installing it on their mobile phones. Truecaller enables users to identify and block spam calls, including those from lenders like Newcredit, providing an added layer of security and peace of mind.
By embracing Newcredit's transparent and borrower-friendly approach, individuals can effectively manage their financial obligations and build a positive relationship with the platform, ultimately paving the way for financial well-being and stability.
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Branch
Branch Loan App is a safe lending platform approved by the Federal government. They prioritize customer privacy and won't contact your phone contacts or guarantors. However, it's crucial to repay overdue loans promptly. Branch Loan App is a registered Microfinance Bank and can report unpaid debts to credit bureaus, which may harm your credit score. This could affect your ability to obtain loans from other financial institutions such as Banks in Nigeria, and rebuilding your credit score may take up to 6 months, even after repayment.
If you have outstanding loans with Branch Loan App, consider repaying them at a comfortable pace. You can spread your payments over several months, such as ₦2,000 per month, depending on your outstanding balance. Avoid rushing to repay all at once to avoid undue pressure.
Always repay Branch Loan App in installments. Avoid borrowing from other loan apps to settle your debts, as this may lead to further financial difficulties.
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Kk Cash
Allow me to shed some light on KK Cash and what you need to know to safeguard your financial well-being.
To begin with, KK Cash has a rather aggressive approach when it comes to debt collection. They won't hesitate to bombard every single one of your contacts with automated calls, making sure everyone knows about your outstanding debt. And if that's not enough, they'll also flood your WhatsApp with derogatory messages if you're just one day overdue. It's not a pleasant experience, to say the least.
Now, let's talk about their repayment plans. KK Cash typically offers repayment periods ranging from 6 days to 14 days, which can be quite challenging to meet. And to make matters worse, their overdue interest rates can soar as high as 5% to 7% per day, pushing you further into the abyss of debt.
Here's a crucial piece of advice: once KK Cash starts defaming you, don't even think about paying them back. They've already gotten what they wanted, and paying them won't make the derogatory messages disappear. Plus, since they're not licensed, they don't have much legal recourse besides tarnishing your reputation.
Whatever you do, resist the temptation to borrow from another loan app to repay KK Cash. They have a plethora of apps scattered across mobile app stores, so if you think you're escaping one debt by borrowing from another, think again. You'll only find yourself sinking deeper into financial trouble.
To shield yourself from KK Cash relentless harassment, consider installing Truecaller on your mobile phone. This handy app can help you identify and block their calls, giving you some much-needed peace of mind.
Ultimately, the best way to break free from KK Cash clutches is to stop borrowing altogether. It might not be easy, but it's the only way to avoid getting caught in their web of debt.
Take care, and remember that your financial well-being is worth more than any loan. Stay vigilant, make wise borrowing decisions, and don't let KK Cash or any other loan shark drag you down.
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Nmoney
We will review the apps within the next 48 hours and provide detailed information and also do our background checks
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Steady Kash
Prepare for an onslaught of SMS messages sent to your contacts, claiming you owe money.
Be prepared for a flood of aggressive WhatsApp messages if you're even a day late.
Their repayment periods usually range from 6 to 14 days, making it extremely difficult to settle the debt.
Expect exorbitant daily interest rates of 5% to 7%, pushing you further into financial trouble.
Once they tarnish your reputation, there's no point in repaying them. They've achieved their goal.
Since they lack proper licensing, they cannot pursue legal action against you. Their only recourse is to damage your reputation.
Avoid borrowing from other loan apps to repay these debts; it will only exacerbate the situation.
Utilize Truecaller to filter and block their calls, sparing yourself unnecessary stress.
The most effective way to escape loan sharks is to refrain from borrowing altogether.
Block them on WhatsApp and file reports directly with WhatsApp and the Google Play Store to prevent others from falling victim to the same scheme.
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Pasa
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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Ajeloan
Let's have a chat about Ajeloan and what you should know to navigate your borrowing journey safely.
First things first, Ajeloan has a bit of a reputation for being aggressive when it comes to debt collection. They're known to send SMS messages to your contacts, letting them know about your outstanding debt. And if that's not enough, they might also bombard your WhatsApp with all sorts of derogatory messages if you're just one day overdue. It's not a pleasant experience, to say the least.
Now, let's talk about their interest rates. Brace yourself because they're on the steep side. Ajeloan charges anywhere between 5% to 7% per day for overdue payments. That's a hefty sum, and if you're not careful, it can easily spiral out of control, plunging you further into debt.
Here's a crucial piece of advice: once Ajeloan starts defaming you, don't bother paying them back. They've already gotten what they wanted, and paying them won't make the derogatory messages disappear. Plus, since they're not licensed, they don't have much legal recourse besides tarnishing your reputation.
Whatever you do, resist the temptation to borrow from another loan app to repay Ajeloan. They have a whole arsenal of mobile apps under their belt, so if you think you're escaping one debt by borrowing from another, think again. You'll only find yourself sinking deeper into financial trouble.
To protect yourself from Ajeloan's relentless harassment, consider installing Truecaller on your phone. This nifty app can help you identify and block their calls, giving you some much-needed peace of mind.
Ultimately, the best way to break free from Ajeloan's grip is to stop borrowing altogether. It might not be easy, but it's the only way to avoid getting caught in their web of debt.
Remember, your financial well-being is worth more than any loan. So, stay vigilant, be smart about your borrowing decisions, and don't let Ajeloan or any other loan shark drag you down.
Take care, and here's to a debt-free future.
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PrimePay
Do They Defame?
If you download the app from the Play Store, they do not have access to your contacts, so they cannot defame you. However, if you download it from external sources like WhatsApp or through a link, be assured that they will defame you. They may even go as far as contacting you on social media. Never download loan apps outside of the Play Store or Apple Store.Overdue Fees
You can be charged between 2% to 10% daily on overdue interest. Never pay for overdue interest; only pay back the principal amount if you must. Once they defame you, do not pay again.Block Annoying Calls (But Maybe Don't)
If their reminders feel like harassment, use Truecaller to block their numbers. However, blocking them completely might prevent you from finding potential repayment solutions.Say No to the Debt Spiral
This is crucial! Only use Pitch Capital Credit if you're 100% sure you can repay on time. Borrowing from another app to pay them is a recipe for disaster!Use Truecaller
You can use Truecaller to identify and block their calls if needed. But remember, clear communication is often better than shutting them out completely.Your Options Are Wide Open
Don't feel pressured to borrow if you're not comfortable. Explore other solutions like budgeting, finding extra income, or seeking financial advice before jumping into any loan, even one with "secure savings" in the name.Your Well-Being is Top Priority
Remember, your financial peace of mind and good credit score are crucial. Use Pitch Capital Credit responsibly and only if you understand their terms, interest rates, and repayment options. It's always best to borrow what you can truly afford to pay back.In the end, there's no magic app for instant wealth. Be cautious, make informed decisions, and remember, you have options beyond loan apps!
Stop borrowing from loan apps. -
HCwallet
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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FastCent-Quick Loan In Nigeria
Here's the scoop:
1. They're not shy about letting your contacts know you owe them cash, hitting them up with SMS messages.
2. Brace yourself for a barrage of not-so-nice messages on WhatsApp if you're even a day late with your payment.
3. Their repayment plans usually give you a tight window, ranging from 6 to 14 days, which can be a real challenge to meet.
4. Watch out for their sky-high overdue interest rates, ranging from 1% to a hefty 5% per day. That'll only bury you deeper in debt.
5. Don't cave and pay up if they start tarnishing your name. They're just after their money, and once they've defamed you, they've got what they wanted.
6. They may not have a license, but their weapon of choice is defamation. Pretty low, huh?
7. Whatever you do, don't try borrowing from another loan app to settle your debts with them. It's a trap! You'll just end up in more hot water.
8. Thinking about screening their calls? Consider installing Truecaller on your phone to see who's ringing before you answer. That way, you can dodge their calls if you're not in the mood to chat.
9. The best way to shake off loan sharks is to kick the borrowing habit altogether.
10. If they're causing trouble, don't hesitate to block them on WhatsApp and report their shady practices straight to WhatsApp and the Google Play Store.
11. Remember, you were doing just fine before they came along. Don't let them mess with your reputation or your wallet.
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RealCredit
Overdue Fees: Pay or Don't, It's Up to You: Like most loan apps, they charge extra for late payments. But here's the twist: once you pay the original loan and regular interest, you don't have to pay the late fees. Sounds good, right? Just remember, paying them all off helps your credit score.
Block Annoying Calls (But Maybe Don't): If their reminders feel like harassment, use Truecaller to block their numbers. However, blocking completely might shut off potential repayment solutions.
Say NO to the Debt Spiral: This one's crucial! Only use RealCredit if you're 100% sure you can repay on time. Borrowing from another app to pay them is a recipe for disaster!
Truecaller for Selective Blocking: You can use Truecaller to identify and block their calls if needed. But remember, clear communication is often better than shutting them out completely.
Your Options Are Wide Open: Don't feel pressured to borrow if you're not comfortable. Explore other solutions like budgeting, finding extra income, or seeking financial advice before jumping into any loan, even one with "secure savings" in the name.
Your Well-being is Top Priority: Remember, your financial peace of mind and good credit score are crucial. Use RealCredit responsibly and only if you understand their terms, interest rates, and repayment options. It's always best to borrow what you can truly afford to pay back.
In the end, there's no magic app for instant wealth. Be cautious, make informed decisions, and remember, you have options beyond loan apps!
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Irorun
While it might seem handy, there are some key things to remember. Knowledge is power, after all!
Registered and Reputable:
Unlike some loan apps, Irorun is legit and approved by the authorities. This means you can borrow with a bit more peace of mind.
No Public Shaming:
Forget worrying about embarrassing messages to your contacts. Irorun doesn't do that. However, they might report late payments to the appropriate authorities, so keep that in mind.
Overdue Interest? You Decide:
Their overdue interest rates are fair, but here's the good news: once you pay back the original loan amount and the initial interest, you can choose not to pay the extra charges. Sweet!
Don't Fall for the Debt Trap:
Remember, borrowing from another loan app to pay Irorun is a slippery slope. It might seem like a temporary fix, but it can quickly lead to deeper debt. Only borrow when you have a plan to repay, and consider spreading the payment across months if it helps. Just make sure you stick to your plan!
Control Your Calls:
If you prefer not to answer their calls, use Truecaller or similar apps to identify and avoid them. No pressure!
Remember, You Got This:
Before borrowing, explore all your options. Talk to trusted friends or family, or seek help from reputable financial institutions. Irorun can be a tool, but use it wisely and responsibly.
Remember, there are other resources available if you're facing financial difficulties. Talk to trusted friends or family, or seek help from legitimate organizations that offer financial counseling and support. Don't let loan apps become a source of stress and shame.
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Twaleloan
Twaleloan and its practices, with a focus on your interactions with them. To begin with, it's important to highlight that Twaleloan employs various methods if you owe them money. They may send SMS messages to your contacts, informing them of your debt. Furthermore, if your payment is just one day overdue, they may start sending derogatory messages via WhatsApp to your contacts.
Typically, Twaleloan offers repayment plans ranging from 6 to 14 days, which can prove to be challenging to fulfill. Their overdue interest rates range from 2% to 7% per day, potentially leading to further debt accumulation.
It's essential to understand that repaying Twaleloan once they defame you is not advisable. They primarily aim to extract money through defamation tactics. Since they are unlicensed loan apps, their only recourse is to tarnish your reputation.
Borrowing from another loan app to repay Twaleloan is not a viable solution and may lead to bankruptcy. They operate under various names on mobile app stores, making it difficult to escape their debt cycle.
To manage their communication, consider installing Truecaller on your mobile phone to identify and block their calls. Blocking them on WhatsApp and reporting their actions directly to WhatsApp and Google Play Store can also be effective measures.
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Swifund
They will send SMS to your contacts, claiming that you owe them money.
Be prepared for a flood of unpleasant WhatsApp messages if you are even a day late.
Their repayment schedules typically range from 6 to 14 days, making it extremely challenging to settle the debt.
Anticipate daily overdue interest rates of 5% to 7%, pushing you further into financial hardship.
Once they tarnish your reputation, there is no point in repaying them. They have already achieved their objective.
Since they lack a license, they are unable to pursue legal action against you. Their only recourse is to damage your reputation.
Refrain from borrowing from other loan apps to repay your debts; this will only exacerbate your financial situation.
Utilize Truecaller to screen and block their calls, sparing yourself unnecessary stress.
The most effective way to escape from loan sharks is to cease borrowing altogether.
Block them on WhatsApp and report them directly to WhatsApp and the Google Play Store to prevent others from falling victim to the same scam.
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BGloan
Let's discuss the practices of BGloan and how to navigate them effectively.
Initially, it's important to note that BGloan has certain approaches that may cause distress. Firstly, they have a tendency to send SMS messages to your contacts informing them of your indebtedness. Additionally, once your payment is overdue, they resort to sending derogatory messages via WhatsApp to your contacts, starting as early as one day past due.
BGloan typically offers repayment plans ranging from 6 to 14 days, which can often be challenging to fulfill. Furthermore, their overdue interest rates range from 2% to 7% per day, potentially exacerbating your financial burden.
It's crucial to resist the urge to repay BGloan once they resort to defamation tactics. This only serves to validate their methods, and they derive their profit when they tarnish your reputation.
It's worth noting that BGloan operates as an unlicensed loan app, limiting their recourse to defamation as their primary tool. Borrowing from another loan app to repay them only perpetuates the cycle of debt, as they often have multiple apps available on mobile app stores.
To mitigate their impact, consider installing Truecaller on your mobile device to identify and block their calls and contacts. Blocking them on WhatsApp and reporting their activities directly on platforms such as WhatsApp and Google Play Store can also serve as a proactive measure.
Ultimately, the most effective solution to break free from the clutches of loan sharks like BGloan is to cease borrowing from them altogether. Remember, your integrity and financial well-being are paramount, and there are alternative means of support and survival beyond their offerings.
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Swift naira
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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Fitloan
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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WeCredit
While it might seem like a magic wand, there are some things to consider that could turn into a major headache. Remember, knowledge is power!
Public Shame? No Thanks!
These guys might not play nice. If you're even a day late on a payment, they could blast embarrassing messages about your loan to your friends and family. Imagine your phone blowing up with texts saying you owe money! Not cool, right?
Short Fuse, Big Charges:
They often give you super short deadlines to repay, like 6 to 14 days. That's barely enough time to make instant noodles, let alone gather the cash, especially if you're already strapped. And here's the kicker: if you miss that deadline, the interest rates go crazy, jumping 2% to 7% every single day. Ouch! That's like jumping from a frying pan into a fire, not getting out of debt.
Don't Reward Shame with Payment:
Here's the key: if they resort to public shaming, DON'T PAY THEM BACK! They already got their revenge by embarrassing you. Remember, these apps often operate outside the law, so their threats are mostly smoke and mirrors. Don't let them bully you!
Break Free from the Cycle:
The only way to truly escape their grip is to STOP BORROWING from them altogether. I know it's tough, but trust me, it's better than being constantly harassed and stuck in a cycle of debt. You were living before WeCredit, and you'll find a way again. Be creative, be patient, but don't borrow anymore!
Fight Back and Protect Yourself:
To stay safe, use apps like Truecaller to identify their calls and block their numbers. You can also report them directly to WhatsApp and the app store. Let them know their tactics are unacceptable!
Your Worth is More Than a Loan:
Remember, your self-respect and well-being are worth more than any quick loan. Don't let WeCredit or any other app bully you. By staying informed and taking action, you can break free and get back to living life on your own terms. You've got this!
Remember, there are other options. Talk to trusted friends or family, or seek help from organizations that offer financial counseling and support. Don't let loan apps trap you in a cycle of debt and shame. You deserve better!
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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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