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  SomeMoni

  Category: Dangerous Loan

  Interest rate: 45%

  Let's chat about SomeMoni. Here's what you need to know:

   

  1. They're not shy about letting your contacts know you owe them cash, hitting them up with SMS messages.

   

  2. Brace yourself for a barrage of not-so-nice messages on WhatsApp if you're even a day late with your payment.

   

  3. Their repayment plans usually give you a tight window, ranging from 6 to 14 days, which can be a real challenge to meet.

   

  4. Watch out for their sky-high overdue interest rates, ranging from 1% to a hefty 5% per day. That'll only bury you deeper in debt.

   

  5. Don't cave and pay up if they start tarnishing your name. They're just after their money, and once they've defamed you, they've got what they wanted.

   

  6. They may not have a license, but their weapon of choice is defamation. Pretty low, huh?

   

  7. Whatever you do, don't try borrowing from another loan app to settle your debts with them. It's a trap! You'll just end up in more hot water.

   

  8. Thinking about screening their calls? Consider installing Truecaller on your phone to see who's ringing before you answer. That way, you can dodge their calls if you're not in the mood to chat.

   

  9. The best way to shake off loan sharks is to kick the borrowing habit altogether.

   

  10. If they're causing trouble, don't hesitate to block them on WhatsApp and report their shady practices straight to WhatsApp and the Google Play Store.

   

  11. Remember, you were doing just fine before they came along. Don't let them mess with your reputation or your wallet.

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  Somemoney

  Category: Dangerous Loan

  Interest rate: 35%

  Important Information for SomeMoni Users:

  If You Downloaded the App Outside the Play Store
  Downloading the app from sources other than the Play Store may mean you’ve allowed access to your contacts by granting permission. To protect your privacy, it’s crucial to generate your own disclaimer. You can easily do this here.

  Beware of Loan Agents Scams
  Before trusting any loan agents in this or other groups, make sure to check out the growing number of scams targeting users. Read more about how agents on Facebook groups are scamming people here.

  Clearing Your Contacts from Loan Apps Databases
  Wondering if it's possible to remove your contacts from a loan app’s database? Get all the facts and see what’s true or not here.

  Ignore Harassing Messages
  If loan apps have contacted your friends or family, don’t worry. You’ve repaid what’s owed and don’t need to respond further. Keep moving forward and focus on your life.

  Unlicensed Loan Apps Have No Power
  Loan apps that resort to defamation are not legitimate and can’t take legal action against you. Their only tactic is shaming—don’t let it affect you.

  Your Contacts Can’t Save You
  Most of your contacts won’t be able to help, and they’re likely aware of the unfair methods some loan apps use.

  Watch Out for Short-Term Loans
  Loans with 7-day durations and high interest often come with threats and defamation tactics. Avoid loan sharks. If you need to borrow, always choose licensed lenders.

  Debt Can Lead to Bankruptcy
  Borrowing from predatory loan apps can ruin your finances and push you toward bankruptcy. The best way to protect yourself is to stop borrowing from these apps altogether.

  Ignore Overdue Interest Demands
  If you’ve already repaid the principal and initial interest, any demands for overdue interest can be ignored.

  Avoid the Debt Cycle
  Taking out one loan to pay off another is a dangerous cycle. Loan sharks operate multiple apps, and this can trap you further in debt.

  Use Truecaller to Block Harassing Calls
  Install Truecaller on your phone to identify and block loan shark calls. You can also report them on WhatsApp and Google Play Store to help stop their activities.

  Break Free from Loan Sharks
  The only way to escape loan sharks is to stop borrowing from them. Remember, you managed just fine before these apps, and you can do so again without them tarnishing your reputation.

  Stay Strong and Protect Your Financial Well-being
  Always prioritize your financial health. Don’t let loan sharks endanger your future. Your peace of mind and well-being are worth far more.

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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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