Loan Apps and Mental Health: Coping with Debt Stress (Easecash , Futurecash , Future cash , Frimoni, Xcash, Xcrosscash, Kk Cash, Kashon , Urkash(Kashon), Cash9ja, CashRun )

Easecash

Category: Dangerous Loan

Interest rate: 35%

Things to Know About EaseCash Loan App Practices

Unwanted Contact with Your Network: EaseCash may send SMS messages to your contacts, claiming that you owe them money.
WhatsApp Harassment: If you are even one day late with repayment, expect unpleasant and frequent WhatsApp messages.
Short Repayment Periods: Their repayment schedules often range between 6 to 14 days, which can make it difficult to meet deadlines and pay off your loan.
High Overdue Interest Rates: Be prepared for daily overdue interest rates between 5% and 7%, which can quickly add up and increase your debt burden.
Reputation Damage: Once your reputation is damaged through their messages, they consider their goal achieved, so repaying the loan may feel secondary.
No Legal Authority: Since they operate without a license, EaseCash cannot take legal action against you. Their primary method is to damage your reputation instead.
Avoid Borrowing from Other Apps: Taking loans from other apps to clear your debt will only worsen your financial situation.
Use Truecaller for Protection: Install Truecaller to block and screen their calls, reducing the stress caused by constant communication.
Stop Borrowing: The most effective way to escape loan sharks is to stop borrowing and avoid falling into further debt.
Report and Block: Block them on WhatsApp, and report their activities to WhatsApp and the Google Play Store to help protect others from similar experiences.

Make informed decisions and be cautious with loan services like EaseCash to avoid unnecessary stress and financial hardship.

Futurecash

Category: Dangerous Loan

Interest rate: 35%

We will review the apps within the next 48 hours and provide detailed information and also do our background checks

10 Commandments for Dealing with Loan Sharks

1. Ignore Harassing Messages: If loan sharks have already contacted your friends or family, don't worry. You don't owe them anything more. Move forward and focus on your life.

2. Unlicensed Apps Are Helpless: Loan apps resorting to defamation aren't legitimate. They can't legally harm you. Their only tool is to shame you.

3 Your Contacts Can't Save You: Most of your contacts won't be able to assist you, and they're likely aware of the shady tactics loan sharks use.

4 Beware of Short-Term Loans: Loans with short durations and high interest rates often lead to threats and defamation. Avoid loan sharks. If you must borrow, choose licensed lenders.

5 Debt Leads to Bankruptcy: Borrowing from these apps can wreck your finances and push you towards bankruptcy. The best solution is to stop borrowing altogether.

6 Avoid Overdue Interest: If you've already paid back the principal and initial interest, ignore any demands for overdue interest.

7 Don't Cycle Debts: Taking a loan to pay off another leads to a cycle of debt. Loan sharks have multiple apps, and you'll end up deeper in trouble

8 Use Truecaller to Block: Install Truecaller on your phone to identify loan shark calls and block them. Also, report them on WhatsApp and Google Play Store.

9 Break Free from Loan Sharks: The only way to escape loan sharks is to stop borrowing from them. You survived before they came into your life. Don't let them tarnish your reputation.

10 Stay strong, and prioritize your financial well-being: Remember, health is wealth. Do not allow loan sharks to jeopardize your future!.

Future cash

Category: Dangerous Loan

Interest rate: 35%

What You Should Know About FutureCash

Let’s get straight to the point about FutureCash and what to watch out for:

Watch Your Contacts: FutureCash may send messages to your friends, claiming you owe them money. Not a great way to maintain your relationships!

WhatsApp Warnings: If you're even a day late on your payment, brace yourself for a barrage of harsh messages on WhatsApp. It can feel like a digital reprimand.

Tight Repayment Periods: Their repayment windows are pretty short, usually ranging from 6 to 14 days. This can make it challenging to catch up if you fall behind.

High Late Fees: Be cautious of late fees that can add up quickly, ranging from 1% to 5% per day. This can deepen your debt faster than you realize.

Don’t Fall for Defamation: If they start spreading rumors about you, don’t rush to pay them off. They thrive on damaging your reputation, and that's how they maintain control.

Licensing Matters: Keep in mind that many loan apps, including FutureCash, may not be fully licensed, meaning their threats often lack legal backing. Their primary tool is intimidation.

Avoid the Debt Cycle: Don't consider borrowing from another app to settle your FutureCash debt. This will only trap you in a never-ending cycle of debt.

Use Call Screening Apps: Consider downloading Truecaller to help screen calls and block their numbers. You deserve peace of mind.

Break the Cycle: The most effective way to escape loan sharks like FutureCash is to stop borrowing altogether. Seek alternatives to manage your finances and break free from their hold.

Take Action: Block them on WhatsApp, and don’t hesitate to report their questionable practices to WhatsApp and the Google Play Store.

Remember, you were managing just fine before these loan apps came into the picture. Don’t let them dictate your life. You’ve got the strength to overcome this!

Frimoni

Category: Dangerous Loan

Interest rate: 40%

Protect Yourself When Dealing with Unregistered Loan Apps: A Guide for Frimoni Users

If you're managing loans from unregulated loan providers like IMoney, it's essential to understand certain key aspects of repayment and how to safeguard yourself. Here’s what you need to know when dealing with such platforms:

1. Unregistered Loan Apps

IMoney is not a registered loan app, meaning it does not adhere to the legal guidelines set by Nigerian financial authorities. This lack of regulation can lead to unethical practices, so proceed with caution if you're involved with such services.

2. Dealing with Derogatory Messages to Your Contacts

If IMoney has sent offensive or embarrassing messages to your contacts in an attempt to pressure you into repayment, do not panic. While this tactic is harmful, it’s a strategy used to coerce borrowers. You are not legally obligated to repay under duress. If they persist, calmly inform them that you’re ready to address the matter in court, which often dissuades further harassment.

3. Defamation and Reputational Harm

If your reputation has already been damaged by IMoney through defamatory messages, repaying them will not necessarily undo the harm caused. Once your reputation is affected, the damage is done, and paying them back may not restore it. Focus on protecting yourself from further harassment instead.

4. Install TrueCaller to Block Spam Calls

Install the TrueCaller app on your phone to help identify and block spam calls, including any harassing calls from IMoney. This app provides an extra layer of protection against unwanted contact.

5. Block Auto Debit from Your Bank Account

To prevent IMoney from automatically withdrawing money from your bank account, it’s essential to block your bank card. Visit your bank and request a new card to ensure they can't access your funds through auto-debit.

6. Block and Report on WhatsApp

If IMoney contacts you via WhatsApp, block their number to stop receiving their messages. Additionally, report their number to WhatsApp to alert the platform about their behavior, which may lead to their account being flagged or suspended.

7. Report the App to Google Play or iOS App Store

If IMoney is listed on the Google Play Store or iOS App Store, report the app to the platform. This not only helps alert other users to their unethical practices but may also result in the removal of the app from these stores, protecting future borrowers.

Take Action to Protect Yourself

By following these steps, you can safeguard yourself from further harassment and protect your finances. Whether it's blocking calls, reporting the app, or preventing unauthorized withdrawals, you have control over how to respond to unethical loan providers like IMoney.

Remember, Frimoni provides a safe and transparent loan process, so you can avoid these pitfalls with our reliable service. Always choose trusted, registered loan apps to protect your peace of mind.

Xcash

Category: Dangerous Loan

Interest rate: 42%

Xcash, a leading financial service provider, operates under the umbrella of New Edge Finance, a renowned financial institution with an extensive portfolio. Notably, New Edge Finance also owns Easybuy and boasts a diverse range of apps, including Palmcredit, Xcrosscash, Newcredit, and many more, available on Google Play Store.

One distinguishing feature of Xcash is its commitment to fair and respectful borrower relations. Borrowers can repay their loans gradually without fear of defamation or negative consequences from the platform, fostering a trusting and supportive environment for borrowers.

To ensure a smooth repayment process, borrowers are advised against paying overdue interest once the normal interest and capital amounts have been settled. This practice helps borrowers manage their finances effectively and avoid unnecessary financial strain.

In the event of persistent communication from Xcash via calls or WhatsApp messages, borrowers have the option to block their contacts and WhatsApp numbers. This proactive step enables borrowers to maintain their privacy and peace of mind, minimizing potential disruptions.

It is strongly recommended that you refrain from borrowing from other loan apps to settle dues with Xcash. Doing so may exacerbate financial challenges and lead to a cycle of debt accumulation.

For enhanced control over communication channels, you can leverage Truecaller by installing it on their mobile phones. Truecaller empowers you to identify and block spam calls, including those from lenders like Xcash, providing an added layer of security and convenience.

Xcrosscash

Category: Mild Loan

Interest rate: 47%

Xcrosscash is a lending platform that offers financial assistance to individuals in need. Here are some important points to know about their services:

1. Respectful Repayment Process: Xcrosscash does not engage in defamatory practices if borrowers pay their dues gradually until the full repayment is completed. This means that borrowers can manage their repayment schedule at their own pace without facing any negative repercussions from the platform.

2. Interest Payment Guidelines: It is advisable not to pay overdue interest after settling the normal interest and capital amount. By adhering to this guideline, you can avoid unnecessary financial burden and ensure a smoother repayment process.

3. Communication Management: In case you experience persistent communication from Xcrosscash via calls or WhatsApp messages, it is recommended to block their contacts and WhatsApp numbers. This step can help you maintain their peace of mind and avoid unnecessary disturbances.

4. Avoid Borrowing to Repay: You should refrain from borrowing from another loan app to repay their dues to Xcrosscash. Doing so can lead to a cycle of debt and financial instability, which may exacerbate the existing financial challenges.

5. Utilize Truecaller for Blocking: Installing Truecaller on a mobile phone can be beneficial for you who wish to block unwanted calls from Xcrosscash. This app allows users to identify and block spam calls, including those from lenders, thus providing added control over communication channels.

By understanding and adhering to these guidelines, you can effectively manage their repayment journey with Xcrosscash and maintain a positive financial standing.

Kk Cash

Category: Dangerous Loan

Interest rate: 52%

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.

Kashon

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.

Urkash(Kashon)