Expert Review
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PALMPAY FLEXI CASH
Here’s what you need to be aware of:
Broadcasting Your Debt: They won't hesitate to notify your contacts via SMS, alerting them about your debt.
Harassment on WhatsApp: Be prepared for a barrage of harsh messages if you're even a day late on repayment.
Tight Repayment Window: Their repayment periods are typically short, ranging from just 6 to 14 days, making it difficult to meet deadlines.
High Interest on Overdue Payments: Their overdue interest rates can escalate fast, anywhere from 1% to 5% per day, which can quickly sink you deeper into debt.
Reputation Over Debt: Once they start defaming you, paying them back won’t fix your reputation. They've already achieved their goal by tarnishing your name.
Unlicensed and Defamatory Tactics: Despite not having proper licensing, their primary strategy is defamation — a cheap shot to force repayment.
Don't Borrow from Other Loan Apps: Avoid the trap of borrowing from another loan app to pay them back. This will only lead you into a vicious cycle of debt.
Block Their Calls: Use apps like Truecaller to identify their numbers and block their relentless calls.
Break Free: The best solution? Stop borrowing from them entirely and free yourself from the cycle.
Take Action: Block them on WhatsApp, and don’t hesitate to report their unscrupulous behavior to WhatsApp and the Google Play Store.
Stay in Control: You were managing just fine before they came along. Don’t let their tactics harm your reputation or drain your finances.
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L Credit
Allow me to shed some light on LCredit and what you need to know to safeguard your financial well-being.
To begin with, LCredit 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. LCredit 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 LCredit 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 LCredit. 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 LCredit's 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 LCredit's 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 LCredit or any other loan shark drag you down.
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Freshmoni
- They will send SMS messages to your contacts, claiming that you owe them money.
- Prepare yourself for an onslaught of unpleasant WhatsApp messages if you are even a day late.
- Their repayment schedules typically range from 6 to 14 days, making it extremely challenging to settle your debts.
- Anticipate daily overdue interest rates ranging from 5% to 7%, pushing you further into debt.
- Once they tarnish your reputation, there is no need to repay them. They have already achieved their goal.
- Since they lack a license, they are unable to pursue legal action against you. Their sole tactic is to damage your reputation.
- Avoid borrowing from other loan apps to clear your debts; this will only worsen your situation.
- Utilize Truecaller to screen and block their calls, sparing yourself unnecessary stress.
- The most effective way to break free from loan sharks is to cease borrowing altogether.
- Block them on WhatsApp and report them directly to WhatsApp and Google Play Store to prevent others from falling victim to the same scheme.
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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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