Expert Counsel

Important Information for LairaPlus Users:

Downloaded the App Outside Play Store?
If you installed LairaPlus from outside the official Play Store, you may have granted the app permission to access your contacts. To safeguard yourself, generate your own disclaimer using this tool.

Avoid Loan Scams:
Before falling prey to fraudulent loan agents, especially in online groups, educate yourself. Learn more about how loan agents are scamming people on Facebook by reading this article.

Can Loan Apps Clear Your Contacts?
Be cautious of any claims that loan apps can clear your contacts from their databases. Learn the truth about clearing your contact information in this detailed explanation.

Ignore Harassing Messages:
If loan agents have reached out to your friends or family, don’t let it worry you. You don’t owe them more than what you’ve borrowed. Focus on moving forward and reclaiming your peace of mind.

Unlicensed Apps Are Powerless:
Apps that resort to shaming tactics are not legitimate and cannot harm you legally. Their only tool is defamation—don’t let it get to you.

Your Contacts Can’t Help:
Even though loan sharks might contact people you know, most of them won’t be able to assist, and many already understand the unethical methods used by these loan apps.

Beware of Short-Term Loans:
Avoid loans with a duration of 7 days and high interest rates, as they often lead to threats and defamation. If you need to borrow, always choose licensed lenders for protection.

Debt Can Lead to Bankruptcy:
Borrowing from unscrupulous loan apps can ruin your finances, pushing you towards bankruptcy. The best way to protect yourself is to stop borrowing from these platforms altogether.

Ignore Demands for Overdue Interest:
Once you’ve repaid the principal and the initial interest, there’s no need to entertain additional demands for overdue interest.

Avoid the Debt Cycle:
Taking out a loan to pay off another debt creates a cycle of borrowing that’s hard to escape. Loan sharks operate through multiple apps, trapping you further.

Block Loan Shark Calls with Truecaller:
Install Truecaller to identify and block calls from loan sharks. You can also report these numbers on WhatsApp and the Google Play Store to protect others.

Break Free from Loan Sharks:
The only way to escape loan sharks is by cutting off your reliance on them. You survived before they came into your life—don’t let them tarnish your reputation.

Prioritize Your Financial Health:
Always remember that your well-being comes first. Don’t let loan sharks jeopardize your future. Health is wealth!

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