Expert Counsel

Important Information for TecCash Users:

Downloading Outside Play Store:
If you downloaded TecCash from a source other than the Play Store, it likely means you've granted permission for the app to access your contacts. To protect yourself, consider generating your own disclaimer here: Disclaimer Generator.

Beware of Loan Scammers:
Before falling victim to loan agents in this group or others, read up on how loan app agents are scamming people on Facebook groups: Scam Awareness.

Contact Database Clearing is a Myth:
No one can clear your contacts from loan app databases. Learn more here: Clearing Contacts - True or Not?.

Ignore Harassing Messages:
If they have contacted your friends or family, don’t stress. You owe them nothing beyond what you've agreed to. Focus on your life and move forward.

Unlicensed Apps are Powerless:
Loan apps that use defamation as a tactic are not legitimate. They can’t harm you legally—their only method is to shame you.

Your Contacts Can't Help You:
Most of your contacts won’t be able to assist, and they likely already know about the shady tactics loan sharks use.

Watch Out for Short-Term Loans:
Loans with very short durations and high interest often come with threats and defamation. Avoid loan sharks, and if you need to borrow, choose licensed lenders.

Debt Can Lead to Bankruptcy:
Taking loans from these apps can damage your finances and potentially lead to bankruptcy. The best approach is to stop borrowing altogether.

Avoid Overdue Interest:
If you’ve already repaid the principal and initial interest, don’t let them pressure you into paying overdue interest.

Don't Fall into a Debt Cycle:
Taking one loan to pay off another leads to a dangerous debt cycle. Loan sharks have many apps, and you may end up in more trouble.

Block Loan Shark Calls:
Install Truecaller to identify and block loan shark calls. You can also report these apps on WhatsApp and the Play Store.

Break Free from Loan Sharks:
The only real way to escape loan sharks is to stop borrowing from them. You survived before they entered your life—don’t let them ruin your reputation.

Prioritize Your Well-being:
Stay strong and focus on your financial health. Remember, health is wealth—don’t allow loan sharks to endanger your future!

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