Expert Review
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TrueNaira
Let's address a concerning issue related to certain financial services known as TrueNaira. Initially, it's crucial to understand that these platforms may resort to aggressive tactics if you owe them money. Instead of simple reminders, they might send SMS messages to your contacts, indicating that you owe them funds. Furthermore, they may escalate their approach by sending derogatory messages to your WhatsApp contacts, often starting just one day after your payment is due.
These platforms typically offer repayment plans ranging from 6 to 14 days, which can pose challenges for many borrowers. What exacerbates the situation is the high overdue interest they impose, ranging from 2% to 7% per day. This can quickly accumulate, pushing borrowers further into debt.
It's essential to recognize that these platforms operate without the necessary licensing. Therefore, their only leverage is to damage your reputation through defamation tactics. It's advisable not to comply with their demands once they resort to such measures, as this only serves to further enrich them.
Moreover, borrowing from other loan apps to repay them is not a viable solution. Given the interconnected nature of these apps, attempting to borrow from one to pay off another often results in a vicious cycle of debt accumulation.
To mitigate the impact of these platforms, consider installing Truecaller on your mobile device. This tool can help identify incoming calls, allowing you to avoid them and block their contacts. Additionally, if you encounter such practices, it's crucial to block them on WhatsApp and report them directly to WhatsApp and Google Play Store.
Ultimately, the most effective solution to break free from the clutches of loan sharks like TrueNaira is to cease borrowing from them altogether. Remember, you managed before they entered the picture, and with determination, you can find alternative means to sustain yourself. Protect your integrity and financial well-being by avoiding these predatory practices.
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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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