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  VibeCash

  Category: Dangerous Loan

  Interest rate: 55%

   

  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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  Vibe Cash

  Category: Dangerous Loan

  Interest rate: 35%

  Important Information for Vibe Cash Users:

  Downloading the App Outside the Play Store:
  If you downloaded the Vibe Cash app from outside the Google Play Store, you likely granted it access to your contacts by giving permission during installation. To protect yourself, it’s recommended to generate your own disclaimer by visiting:
  Generate Your Own Disclaimer

  Beware of Loan Scams:
  Before falling prey to loan agents in this or other groups, it’s crucial to be informed. Loan app agents are scamming people in Facebook groups. Learn how to protect yourself by reading more here:
  Loan Shark Agents Scamming People

  Clearing Contacts from Loan App Databases:
  No one can fully remove your contacts from loan apps' databases. For more information on whether it’s possible or not, check out this guide:
  Clearing Your Contacts from Loan Apps

  Ignore Harassing Messages:
  If loan agents have contacted your friends or family, don’t panic. You do not owe anything beyond the agreed loan terms. Focus on moving forward with your life.

  Unlicensed Loan Apps Are Powerless:
  Loan apps that resort to harassment and defamation are not legitimate. They have no legal authority to harm you and rely on intimidation tactics.

  Contacts Can’t Save You:
  Most of your contacts are aware of how shady loan sharks operate and won’t be able to assist you. Focus on protecting your financial integrity.

  Avoid Short-Term Loans:
  Short-term loans with high interest rates (7-day terms) often lead to threats and defamation. If you need to borrow, always choose a licensed lender to avoid trouble.

  Debt Can Lead to Bankruptcy:
  Taking loans from unregulated apps can devastate your finances, pushing you towards bankruptcy. The best way to protect yourself is to stop borrowing from these apps.

  Don’t Pay Overdue Interest:
  If you’ve already paid off your principal and initial interest, ignore any demands for additional overdue interest from loan apps.

  Avoid the Cycle of Debt:
  Taking out loans to repay others creates a never-ending debt cycle. Many loan sharks run multiple apps, pulling you deeper into financial trouble.

  Use Truecaller to Block Calls:
  Install the Truecaller app on your phone to identify and block loan shark calls. Additionally, report them on WhatsApp and the Google Play Store.

  Break Free from Loan Sharks:
  The only true way to escape loan sharks is by stopping the borrowing cycle. Remember, you lived fine before these loans. Don’t let them damage your reputation.

  Prioritize Your Financial Health:
  Your financial well-being should come first. Loan sharks can jeopardize your future—don’t let them. Remember, your health and peace of mind are more valuable than anything.

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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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