Expert Counsel

Important Information for SomeMoni Users:

If You Downloaded the App Outside the Play Store
Downloading the app from sources other than the Play Store may mean you’ve allowed access to your contacts by granting permission. To protect your privacy, it’s crucial to generate your own disclaimer. You can easily do this here.

Beware of Loan Agents Scams
Before trusting any loan agents in this or other groups, make sure to check out the growing number of scams targeting users. Read more about how agents on Facebook groups are scamming people here.

Clearing Your Contacts from Loan Apps Databases
Wondering if it's possible to remove your contacts from a loan app’s database? Get all the facts and see what’s true or not here.

Ignore Harassing Messages
If loan apps have contacted your friends or family, don’t worry. You’ve repaid what’s owed and don’t need to respond further. Keep moving forward and focus on your life.

Unlicensed Loan Apps Have No Power
Loan apps that resort to defamation are not legitimate and can’t take legal action against you. Their only tactic is shaming—don’t let it affect you.

Your Contacts Can’t Save You
Most of your contacts won’t be able to help, and they’re likely aware of the unfair methods some loan apps use.

Watch Out for Short-Term Loans
Loans with 7-day durations and high interest often come with threats and defamation tactics. Avoid loan sharks. If you need to borrow, always choose licensed lenders.

Debt Can Lead to Bankruptcy
Borrowing from predatory loan apps can ruin your finances and push you toward bankruptcy. The best way to protect yourself is to stop borrowing from these apps altogether.

Ignore Overdue Interest Demands
If you’ve already repaid the principal and initial interest, any demands for overdue interest can be ignored.

Avoid the Debt Cycle
Taking out one loan to pay off another is a dangerous cycle. Loan sharks operate multiple apps, and this can trap you further in debt.

Use Truecaller to Block Harassing Calls
Install Truecaller on your phone to identify and block loan shark calls. You can also report them on WhatsApp and Google Play Store to help stop their activities.

Break Free from Loan Sharks
The only way to escape loan sharks is to stop borrowing from them. Remember, you managed just fine before these apps, and you can do so again without them tarnishing your reputation.

Stay Strong and Protect Your Financial Well-being
Always prioritize your financial health. Don’t let loan sharks endanger your future. Your peace of mind and well-being are worth far more.

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