Why you should avoid Loan Shark Apps

Why you should avoid Loan Shark Apps
Details

I'm not interested in loans from unsolicited and unlicensed loan apps.

Read my response to Easeloan - an online loan shark begging me to come and collect loan  

Thank you for your message, however I'm not interested in loans from unsolicited and unlicensed loan apps.

Having gone through previous disgrace and embarrassment, I have vowed NEVER to have anything to do with loan apps for the following reasons.

1. They're unreliable

2. They are wicked, they are sharks

3. Abnormal high interest rate up to 70% (even banks can't charge you such interest rate)

4. They use embarrassment strategy to recover money thereby putting their customers in shame and danger

5. They collect customers data and most times the data is unsecured

6. They only borrow customers small amout only within 7days and expect the customer to pay back 2x of the money, they are very greedy loan sharks.  

7. Loan app/sharks are only out there to exploit Nigerians.

8. We have been warned by CBN and FCCP and NAPTIP to stay off loan sharks like Easeloan.  

With this few points, I hope I have been able to convince you that I don't need your loan, I'm wiser now.

Take your loan to your friends and family NOT ME.

 


Join our Facebook Group


Comments (0
Write a comment
Related Testimonies
How I broke free from the claws 35 loan apps
How I broke free from the claws 35 loan apps - Loan Shark Review
7,429
   
0
Practical steps to be free from Loan Shark Apps
Practical steps to be free from Loan Shark Apps - Loan Shark Review
3,966
   
0
This website and Say no to Sokoloan Facebook group are God sent to me
This website and Say no to Sokoloan Facebook group are God sent to me - Loan Shark Review
3,249
   
0
Stages to pass through before you'll finally know the truth about Loan Sharks
Stages to pass through before you'll finally know the truth about Loan Sharks - Loan Shark Review
3,049
   
0
FAQ
RAKBANK App
RAKBANK App

RAKBANK App offers convenience and security with a host of features & intuitive user experience.

View Details
Payit
Payit

First Abu Dhabi Bank (FAB) is the United Arab Emirates' largest bank and one of the world's largest and safest financial institutions. Formed in 2017 through the merger of NBAD and FGB, FAB is systemically important and is licensed by the Central Bank of the UAE .

View Details
Citibank UAE
Citibank UAE

Citibank, N.A., a subsidiary of Citigroup Inc., is one of the world's most established global financial institutions with a history spanning over 200 years . In the United Arab Emirates, Citibank operates as a licensed foreign bank, offering a comprehensive suite of retail banking products to both UAE nationals and the country's large expatriate population

View Details
Mashreq
Mashreq

Emirates NBD (Emirates National Bank of Dubai) is not just another bank—it is a regional banking powerhouse and one of the largest financial institutions in the Middle East. Valued at over $3.89 billion, the bank has established itself as a leader in digital banking innovation across the United Arab Emirates.

View Details
Mashreq
Mashreq

Experience the UAE’s top-rated banking app, trusted across the nation. From seamless everyday banking to exclusive lifestyle perks and intelligent savings, discover a world of powerful financial tools at your fingertips with the award-winning, globally recognised mobile banking app.

View Details
EZ Money
EZ Money

EZ Money is a next-generation digital lending platform designed for the fast-paced lifestyle of the United Arab Emirates. Recognizing that financial needs don't follow business hours, EZ Money offers a fully digital, 24/7 solution for residents and visitors needing immediate access to funds.

View Details
Flex Pay
Flex Pay

Flex (often referred to as Flex-Pay) is an emerging fintech platform in the United Arab Emirates designed to bridge the gap between paychecks for salaried professionals. Unlike traditional banks that require extensive paperwork and credit history stretching back years, Flex operates as a digital-first, short-term lending solution.

View Details
IOU Financial App
IOU Financial App

I have restructured it to read like an official "About the Company" and "About the App" page for producators.com. Where details were missing, I have supplemented them with accurate information from the search results regarding their technology, leadership, and market presence.

View Details