Expert Review
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Monicredit
They may send SMS messages to your contacts, informing them of your debt situation. Furthermore, if your payment is overdue by just one day, they may resort to sending derogatory messages via WhatsApp to your contacts.
Typically, Monicredit offers repayment plans ranging from 6 to 14 days, which can pose challenges in terms of affordability. Their overdue interest rates range from 2% to 7% per day, potentially exacerbating your debt burden.
It's essential to note that repaying Monicredit after they've defamed you is not advisable. Their primary tactic is to extract money through damaging your reputation. Since they operate as unlicensed loan apps, their only recourse is to tarnish your image.
Borrowing from another loan app to settle your debt with Monicredit is not a viable solution and may lead to financial ruin. They operate under various names on mobile app stores, complicating efforts to break free from their debt cycle.
To manage their communication effectively, consider installing Truecaller on your mobile phone. This can help you identify and block their calls, providing a measure of control over their attempts to contact you.
The most effective solution to break free from Monicredit's influence is to cease borrowing altogether. By refraining from further loans, you can gradually extricate yourself from the debt trap they impose. Additionally, blocking them on WhatsApp and reporting their actions directly to WhatsApp and Google Play Store can help mitigate their impact.
Remember, you have the power to regain control of your financial situation. Don't let Monicredit damage your integrity or dictate your financial well-being.
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CashDey
Let's discuss CashDey and its operations, focusing on your interactions with this service. To start, it's important to note that CashDey utilizes various methods if you owe them money. They may send text messages to individuals in your contact list, informing them of your outstanding debt. Moreover, if your payment is even just one day overdue, they might resort to sending derogatory messages via WhatsApp.
Typically, CashDey offers repayment plans ranging from 6 to 14 days, which can be quite challenging to meet. Their overdue interest rates vary between 2% to 7% per day, potentially leading to further accumulation of debt.
It's crucial to understand that repaying CashDey after they defame you is not advisable. Their primary aim is to obtain money through defamation tactics. Since they operate as unlicensed loan apps, their only recourse is to tarnish your reputation.
Borrowing from another loan app to repay CashDey is not a viable solution and may lead to bankruptcy. They operate under different 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. Additionally, blocking them on WhatsApp and reporting their actions directly to WhatsApp and Google Play Store can be effective measures.
Ultimately, the most effective solution to break free from CashDey's influence is to stop borrowing altogether. By refraining from further loans, you can gradually eliminate the debt burden imposed by such entities. Remember, your integrity is valuable, and you can find other means to manage your financial situation without succumbing to loan sharks.
Step by step guide to break free from loan apps
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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