Expert Review
-
iCredit
Instead of directly informing your contacts about your debt, they opt for sending SMS messages to them, indicating that you owe money. Additionally, if you miss your repayment deadline by just one day, iCredit begins sending derogatory messages via WhatsApp to your contacts.
Their repayment plans typically range from 6 to 14 days, making it challenging for borrowers to meet their obligations. What exacerbates the situation is their high overdue interest rates, which can range from 5% to 7% per day, leading to further accumulation of debt.
It's crucial to refrain from repaying them once they tarnish your reputation, as this only serves to satisfy their agenda. Since they are unlicensed loan apps, iCredit and similar services lack legal recourse and rely primarily on defamation as their tool of coercion.
Attempting to borrow from other loan apps to settle your debts with iCredit is not advisable, as it could lead to bankruptcy. They have numerous apps on mobile app stores, making it easy to inadvertently borrow from them again and plunge further into debt.
To protect yourself from their persistent efforts, consider installing Truecaller on your mobile device to identify and block their calls. Additionally, blocking them on WhatsApp and reporting their activities directly on both WhatsApp and Google Play Store can help deter their actions.
Ultimately, the most effective solution to break free from loan sharks like iCredit is to cease borrowing altogether. By taking control of your finances and avoiding further indebtedness, you can safeguard your financial well-being in the long run.
-
QuickCheck
Let's talk about QuickCheck and how it can help you navigate your financial needs with confidence.
First things first, QuickCheck doesn't engage in defamation tactics. You won't have to worry about negative repercussions or derogatory remarks from them, which is a huge relief, right?
Now, if you happen to have any outstanding dues with QuickCheck, they're pretty straightforward about it. They'll report it to the appropriate authorities, ensuring that everything is above board and in compliance with regulations.
Speaking of dues, QuickCheck's approach to overdue interest is quite reasonable. While they may have some overdue interest charges, you have the option to prioritize paying off the capital and initial interest rate first. Once you've taken care of that, you can decide whether to settle the overdue interest based on your financial situation.
Here's a crucial tip: avoid borrowing from other loan apps to pay off your QuickCheck dues. It's always best to pay them when you have the money available. If you need to spread out your payments over several months, that's totally fine. Just make sure you're making progress towards clearing your debt with QuickCheck.
To stay on top of your communication with QuickCheck, consider installing Truecaller on your mobile phone. This handy app helps you identify incoming calls, so you'll know if it's QuickCheck trying to reach you. If you prefer not to take their calls at certain times, you can easily avoid them.
By keeping these points in mind and managing your financial commitments responsibly, you can build a positive relationship with QuickCheck and stay in control of your finances.
Hope this helps!
-
FairMoney
Let's talk about FairMoney and what you need to know to navigate your borrowing journey smoothly.
First off, FairMoney is different from your typical loan app. They won't resort to defaming you or harassing your contacts if you fall behind on payments. Instead, they take a more professional approach and report any delinquent accounts to the appropriate authorities. It's a more respectful way of handling things, don't you think?
Now, when it comes to overdue interest, FairMoney is pretty fair (hence the name). Their rates are reasonable, and if you've paid off the capital and initial interest, you can decide not to pay the overdue interest. It's a nice little perk that gives you some flexibility in managing your finances.
Here's a golden rule: never borrow from another loan app to repay FairMoney. It's a slippery slope that can lead to even more debt. Instead, only borrow what you need when you have the money, and make sure to spread out your payments over several months. That way, you can stay on top of your finances without feeling overwhelmed.
To help you avoid any unwanted calls from FairMoney, consider installing Truecaller on your phone. This handy app can identify incoming calls and allow you to block them if you prefer not to answer. It's a simple but effective way to maintain some peace and quiet.
So, there you have it. FairMoney is a reliable option for borrowing money when you need it most. Just remember to borrow responsibly, stay on top of your payments, and you'll be well on your way to financial freedom.
Take care, and happy borrowing!
-
KoboGo
No Name-Calling Games: Look, life throws curveballs sometimes. If you hit a bump in the road with KoboGo, they won't go full blast on public shaming. As long as you're making an effort to gradually pay them back, they won't drag your name through the mud.
Overdue Interest Trap: Watch out for those extra charges! Once you've paid back the original loan amount and the usual interest, you don't have to pay those additional overdue fees. Think of it like closing the gate on extra costs once you've fulfilled your initial agreement.
Silence the Buzzer: Feeling pressured by constant calls and messages? Block their numbers! Download Truecaller to help you identify and block unwanted calls and messages from KoboGo. You have the right to peace of mind while you figure things out.
Avoid the Debt Spiral: Borrowing from one loan app to pay another is like digging a deeper hole. Trust me, there are better ways to manage your finances. Remember, getting deeper in debt won't solve your problems.
Stop the Cycle: The key to breaking free from any loan app, including KoboGo, is simple: stop borrowing. It might seem like your only option right now, but it's not! Explore other ways to manage your money, like budgeting, talking to trusted advisors, or finding alternative solutions.
Report and Block: Don't let them control you! If they're harassing you, report them directly to WhatsApp and Google Play Store. And don't hesitate to block them on your phone and cut off all communication.
Live Beyond Loans: You were here before them, and you'll be here after. Don't let loan apps like KoboGo damage your integrity or control your life. Remember, your well-being and dignity are worth more than any loan.
Remember, you're not alone. There are resources and support available to help you manage your finances and find a healthier path forward. Don't let loan apps bully you. Make informed choices, take control of your situation, and break free from the cycle.
-
LifeLine
These apps ain't playing fair:
- They blast embarrassing messages to your contacts if you're even a day late. Imagine your grandma getting spammed about your loan! Yikes!
- Their repayment plans are super short, like 6-14 days, making it tough to catch up. Feels like they're setting you up to fail.
- They charge crazy interest, 2% to 7% per day! That adds up faster than a speeding bullet, sinking you deeper in debt.
Hold up, don't play their game:
- If they start shaming you, don't give in! They already got their money by messing with your reputation. Don't give them more power.
- These apps are like bullies without a license. They can't hurt you legally, their only weapon is embarrassment. Don't let them win!
- Don't even think about borrowing from another app to pay them back. It's a trap! They have tons of apps, so you'll just end up deeper in debt with different faces.
Here's how to fight back:
- Get Truecaller! It helps you ID their calls and block them like nobody's business. Peace out, pests!
- Remember, the best way to escape these loan sharks is to stop borrowing from them in the first place. You got this!
- Block them on WhatsApp and report them directly. Let the platforms know these guys are bad news.
- If you don't borrow from them, you'll find a way to make it work. You were surviving before they came along, right? Don't let them mess with your life and self-respect.
Remember, you're not alone. There are resources available to help you deal with debt and get back on your feet. Don't let these loan sharks bully you. You've got the power to break free!
-
Plenty Cash - safe & Instant loan
1. Your contacts might receive SMS notifications indicating that you owe money to Plenty Cash.
2. If you're overdue by just one day, you might start receiving derogatory messages via WhatsApp from the loan provider.
3. Repayment plans typically range from 6 to 14 days, which can prove challenging for many borrowers.
4. The interest rates on overdue payments can vary from 2% to 7% per day, potentially increasing your debt significantly.
5. It's advisable not to repay them if they resort to defaming you. Remember, they've already received their money, and defamation is their only means of recourse.
6. Since these loan apps are unlicensed, their only means of enforcement is through defamation.
7. Borrowing from another loan app to settle debts with Plenty Cash could potentially worsen your financial situation and lead to bankruptcy.
8. Installing Truecaller on your mobile phone can help you identify and block calls from Plenty Cash and similar entities.
9. The best solution to break free from loan sharks like Plenty Cash is to stop borrowing altogether.
10. Take proactive steps to block them on WhatsApp and report their activities directly on WhatsApp and Google Play Store.
11. Remember, you have options beyond borrowing from these loan apps. Prioritize your financial well-being and integrity.
Step by step guide to break free from loan apps
What you should know
-
Any loan sharks that defame are never linked to the credit bureau in anyway and all they say to you are lies.
-
Loan shark money cannot help solve anybody matter to better 40% - 70% in 7 days, they are simply misery compounders!! Do away with them.
-
Loan Apps major aim is to make outrageous profit from people and render people bankrupt. Dont be a victim
What people are saying
Add a review
Your comment could save a life! Share your experience with loan apps and help others escape the clutches of Loan Shark Apps.
