Expert Counsel

Important Information for Plenty Cash Users

Downloaded Outside Play Store?
If you’ve installed the app from outside the Play Store, you may have granted access to your contacts by providing permission. To protect yourself, generate your own disclaimer here: Create Your Disclaimer.

Avoid Loan Agent Scams
Before falling victim to loan agents in various groups, be informed. Read how scammers operate on Facebook: Loan Agents Scamming People.

Can You Clear Your Contacts from Loan Apps?
No one can remove your contacts from a loan app's database. Learn more: Clearing Contacts from Loan App Databases.

Ignore Harassing Messages
If a loan app has contacted your friends or family, stay calm. You don’t owe them anything more. Focus on moving forward with your life.

Unlicensed Apps Have No Power
Loan apps that resort to defamation aren’t legitimate. They can’t take legal action against you. Their only tactic is to shame you, which holds no real threat.

Your Contacts Can’t Help
Most of your contacts won’t be able to assist you, and they are likely aware of the unethical practices used by loan sharks.

Be Wary of Short-Term Loans
Loans with 7-day terms and high interest rates are often followed by threats and defamation. Avoid such loan sharks and only borrow from licensed lenders.

Debt Can Lead to Bankruptcy
Borrowing from these apps can damage your finances, leading to bankruptcy. The best way to protect yourself is to stop borrowing entirely.

Avoid Paying Overdue Interest
If you’ve already paid off the principal and original interest, ignore any demands for overdue interest.

Don’t Get Trapped in a Debt Cycle
Borrowing from one loan app to pay off another only deepens your financial troubles. Loan sharks operate multiple apps, and it’s easy to get trapped in a vicious cycle of debt.

Use Truecaller to Block Loan Sharks
Install Truecaller to identify and block calls from loan sharks. You can also report them on WhatsApp and Google Play Store.

Break Free from Loan Sharks
The only real way to escape loan sharks is to stop borrowing. You lived without them before—don’t let them tarnish your reputation now.

Prioritize Your Financial Health
Stay strong and focus on your financial well-being. Your health and future matter more than what loan sharks try to impose on you.

Remember: Health is wealth—don't let loan sharks jeopardize your future!

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