Expert Counsel

Protect Your Privacy: If you downloaded an app outside of the Play Store, it means you've likely granted them access to your contacts by giving permission. It's crucial to safeguard yourself in such situations. You can generate your own disclaimer here:
Create Your Disclaimer.

Beware of Loan Agent Scams: Before dealing with loan agents in any groups, make sure to understand how they operate. Many agents scam people through Facebook groups. Learn more here:
Read About Loan Agent Scams.

Clearing Your Contacts: Can loan apps clear your contacts from their database? Discover the truth behind this claim:
Find Out More.

Ignore Harassing Messages: If loan companies have contacted your friends or family, stay calm. You don’t owe them more than what’s agreed upon. Focus on moving forward and living your life.

Unlicensed Apps Have No Power: Loan apps that resort to defamation are often unlicensed and cannot legally harm you. Their only tactic is public shaming, which holds no legal weight.

Your Contacts Can't Help: Most of your contacts can’t assist you in these matters, and they’re likely already aware of the tactics that loan sharks use.

Avoid Short-Term Loans: Loans with high interest rates and short durations, like 7-day loans, often come with threats and defamation. If you must borrow, choose licensed lenders to avoid falling victim to loan sharks.

Debt Can Lead to Financial Ruin: Borrowing from unreliable apps can damage your finances and push you toward bankruptcy. The best option is to avoid these loans altogether.

Avoid Paying Overdue Interest: Once you’ve paid the principal and the initial interest, you aren’t obligated to pay any additional overdue interest.

Don’t Get Trapped in a Debt Cycle: Taking a loan to pay off another creates a cycle of debt. Many loan sharks operate multiple apps, leading you deeper into financial trouble.

Use Truecaller to Block Harassment: Install Truecaller to identify and block loan shark calls. Report any harassment on WhatsApp and Google Play Store.

Break Free from Loan Sharks: The best way to escape from loan sharks is to stop borrowing. You survived without them before—don’t let them ruin your reputation.

Prioritize Your Financial Health: Stay strong and focused on your financial well-being. Health is wealth, and loan sharks should not be allowed to jeopardize your future!

Reviews