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  Ultranaira

  Category: Dangerous Loan

  Interest rate: 35%

   

  1. They resort to sending SMS messages to your contacts, falsely claiming that you owe them money.
  2. Expect a barrage of unpleasant WhatsApp messages if you're even a day late on repayment.
  3. Their loan terms usually span just 6 to 14 days, making it incredibly hard to meet deadlines.
  4. Brace yourself for daily overdue interest rates of 5% to 7%, driving you deeper into debt.
  5. Once they damage your reputation, repaying them becomes unnecessary—they've already achieved their goal.
  6. Lacking a proper license, they have no legal recourse. Their only strategy is to ruin your reputation.
  7. Avoid borrowing from other loan apps to repay them; this will only compound your financial problems.
  8. Use Truecaller to screen and block their calls to save yourself from unnecessary stress.
  9. The best way to escape loan sharks is to stop borrowing from them altogether.
  10. Block them on WhatsApp and report them to both WhatsApp and Google Play Store to help others avoid falling into the same trap.

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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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