Loan apps are just the absolute worst. They would constantly notify you of your balance and would even send a message to your family and friends for you to get ashamed and hopefully pay back your loans immediately. Plus the interest rates are also higher. If that isn't enough, some of them are even selling your information to advertising agencies, and this is confided to me by my friend who's working on advertisements for years and had the chance to talk to this client, a director of some sort from a local loan app.
They will make every effort to pressure borrowers to repay loans on time, but illegal loan applications do not have good collection procedures for borrowers. However, suppression in any way against borrowers is not accepted, including publishing/selling loan data to others, threats against borrowers, physical contact and confiscation of goods, but all the worst collection procedures are never written in advance in the loan terms, so you must avoid loan applications and alternative solutions to borrow from family, friends and relatives. 
Topic: Avoid loan apps, a word of advice. - page 4. (Read 2758 times)
Loan apps are just the absolute worst. They would constantly notify you of your balance and would even send a message to your family and friends for you to get ashamed and hopefully pay back your loans immediately. Plus the interest rates are also higher. If that isn't enough, some of them are even selling your information to advertising agencies, and this is confided to me by my friend who's working on advertisements for years and had the chance to talk to this client, a director of some sort from a local loan app.
Also, I don't see the reason why people need to have credit cards or take a loan. Do not spend what you don't have, and never go beyond where your pockets can take you. It's a simple rule that a lot of people cannot follow because they want to impress other people. It won't take you anywhere, and would only cause a lot of problems for you in the long run.
Also, I don't see the reason why people need to have credit cards or take a loan. Do not spend what you don't have, and never go beyond where your pockets can take you. It's a simple rule that a lot of people cannot follow because they want to impress other people. It won't take you anywhere, and would only cause a lot of problems for you in the long run.
Over the week, a friend and I had a conversation about loans and loan apps and she shared a bitter experience of how she was unable to write a very important exam because the money meant for payment of fees to qualify for that exam was deducted by a certain loan app that she collected money from a while ago. Who will you really blame? My friend for not paying up as at when due or the loan app for not notifying her before the deduction.
Lol why does the Loan APP needs to notify before the deduction when the borrower should Maintain a constant checking about His due?sometimes people are just looking for reason to blame others when the truth is it was their own mistakes and failure.
If you know how to Loan then you must Know how to pay.
This is where should people do really mind off because if they do know on how to take a loan then they should really know on how to pay so that you would really be putting yourself off with possible trouble specially with
high interest rates where these loan companies do really make money on.
As much as you could then it would be better if you do avoid taking up some loans.Try to borrow first from your loved ones or relatives before taking last step or last resort because
if you do really tend to calculate the interest then it would really be just worsen up your financial situation.
If you can find other alternatives or choices to borrow funds, avoid loaning apps as much as possible. They usually let you borrow easily but will put up high charges and interest. They will just take advantage of your situation but will put you in trouble later on. Yes, borrowing from your friend and family will be better because loan apps are not really there to help but to take advantage.
Over the week, a friend and I had a conversation about loans and loan apps and she shared a bitter experience of how she was unable to write a very important exam because the money meant for payment of fees to qualify for that exam was deducted by a certain loan app that she collected money from a while ago. Who will you really blame? My friend for not paying up as at when due or the loan app for not notifying her before the deduction.
Lol why does the Loan APP needs to notify before the deduction when the borrower should Maintain a constant checking about His due?sometimes people are just looking for reason to blame others when the truth is it was their own mistakes and failure.
If you know how to Loan then you must Know how to pay.
This is where should people do really mind off because if they do know on how to take a loan then they should really know on how to pay so that you would really be putting yourself off with possible trouble specially with
high interest rates where these loan companies do really make money on.
As much as you could then it would be better if you do avoid taking up some loans.Try to borrow first from your loved ones or relatives before taking last step or last resort because
if you do really tend to calculate the interest then it would really be just worsen up your financial situation.
I do not understand why people must be willing to pay interest more than 100% in a year or even less, really this is a serious and feasible violation for the country to make the owner of an online loan as a crime, in my country the bank interest is only 5% means that online loans give 20x higher than banks.
They must pay if they agree on this term and then took the loan because if not then I don't know what can happen to them. The reason why a loan company can make a rule like that is because they know that there are still people that will take it because they are also in need of money.I think this is not a violation because no one is forced to take a loan. It's like the same with other business like for example grocery. They can also increase their pricing because know that it was in demand. Good for you if banks in your country has that nice offer but not all countries are the same bro. Some are worse than that but people have no choice. They already used to it.
Over the week, a friend and I had a conversation about loans and loan apps and she shared a bitter experience of how she was unable to write a very important exam because the money meant for payment of fees to qualify for that exam was deducted by a certain loan app that she collected money from a while ago. Who will you really blame? My friend for not paying up as at when due or the loan app for not notifying her before the deduction.
Lol why does the Loan APP needs to notify before the deduction when the borrower should Maintain a constant checking about His due?sometimes people are just looking for reason to blame others when the truth is it was their own mistakes and failure.
If you know how to Loan then you must Know how to pay.
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In all, I advice that we should try to avoid any business with loan apps as they seem to be very numerous these days and are easily accessible. Most importantly, You should know that you are at the danger of developing a habit of borrowing from them if you patronise loan apps even for the smallest amount.
I never Borrowed any amount from Loan APPs and Even in our local exchange that i am qualify to take a loan is being denied from my side because I know that this is an obligation that I must be committed . 
I do not understand why people must be willing to pay interest more than 100% in a year or even less, really this is a serious and feasible violation for the country to make the owner of an online loan as a crime, in my country the bank interest is only 5% means that online loans give 20x higher than banks.
You live in a great country My country loan interest in 33% these days. Can you believe it or not - the economy is crashing and there is no stability coming anytime sooner.
when something like this happens then we really have to manage money properly so that when things happen that we don't want we still have some reserve funds to support life because if you look at the 33 percent interest, it's clear it's not a loan and you have to think several times to make loans there.
I do not understand why people must be willing to pay interest more than 100% in a year or even less, really this is a serious and feasible violation for the country to make the owner of an online loan as a crime, in my country the bank interest is only 5% means that online loans give 20x higher than banks.
You live in a great country My country loan interest in 33% these days. Can you believe it or not - the economy is crashing and there is no stability coming anytime sooner.
Hard to believe if bank interest can reach 33%, with a high bank interest then the easiest thing and safe is to save money in the bank, I'm sure 33% is from online loans or loans without collateral that is high in risk, in my country the bank interest is also very very Low is no more than 8% per year, low bank interest to help the economy can grow well.
I do not understand why people must be willing to pay interest more than 100% in a year or even less, really this is a serious and feasible violation for the country to make the owner of an online loan as a crime, in my country the bank interest is only 5% means that online loans give 20x higher than banks.
You live in a great country My country loan interest in 33% these days. Can you believe it or not - the economy is crashing and there is no stability coming anytime sooner.
This does signify that you should really do your very best not to take any loan or borrow money if you do see that you would really be putting yourself in much more bigger trouble due to interest.
It isnt really worth but if you dont really have any choice or this is some sort of last resort then go ahead but be responsible on repaying it back.
I do not understand why people must be willing to pay interest more than 100% in a year or even less, really this is a serious and feasible violation for the country to make the owner of an online loan as a crime, in my country the bank interest is only 5% means that online loans give 20x higher than banks.
You live in a great country My country loan interest in 33% these days. Can you believe it or not - the economy is crashing and there is no stability coming anytime sooner.
I do not understand why people must be willing to pay interest more than 100% in a year or even less, really this is a serious and feasible violation for the country to make the owner of an online loan as a crime, in my country the bank interest is only 5% means that online loans give 20x higher than banks.
Most loan app has a high interest rates which makes it really bad to apprehend for users that want to risks with that. I tried that loan app which I surely regret in the because it surely has high interest returns of what I borrowed. I was just forced to take the loan because of the emergency situations I had that time but now I am trying to avoid those loan apps from now and surely I will not do that again. They will borrow you money pretty fast cause they know they will be the one to benefited in the end.
Online loans with a high level of risk, namely the number of borrowers who do not pay, of course, must be closed with high interest rates, for us, financial management is the most important thing, if we cannot manage finances then we can be sure to be included in online loans and this is the beginning of suffering.
Loan application are a very popular thing today, even according to the data of online loan providers companies provide a large salary for their employees, and I must say that this technique is forbidden because they provide an unreal interest, even the borrower must pay more than more than 10x because it does not pay for 6 months.
Interest out of these online loans are on the roof if you do compared into those physical lending firms or companies that why its a tough choice but if you dont really have any choice for someone who arein badly in need of money then they would really be dealing with these high interest rates and its up to them on taking such loan despite of the high interest but if its for emergency or really that needed
then go ahead but be sure that you would really be that responsible on repaying back loans so that you wont really be having any problems ahead.
Loan application are a very popular thing today, even according to the data of online loan providers companies provide a large salary for their employees, and I must say that this technique is forbidden because they provide an unreal interest, even the borrower must pay more than more than 10x because it does not pay for 6 months.
that is indeed a bad thing. borrow money on a loan application. I've also experienced that, when the money I have is deducted without notice. on the other hand, there is someone I know who is late paying the money, and the app sends an automatic message to all the contacts it has that the person I know still has some debt on the app. it's really embarrassing. besides the interest that is too big, it is a loan shark that will suck all the money you have. it's highly not recommended. However, the advice I have is try not to get into debt, or if you really need money, you can still find someone you trust to lend you money, if not, try to find a trusted loan place.
in our religion we are forbidden to take loan which has interest on it. but then again people make the mistake of doing that. sometime people learn it hard way. Better be careful and dont indulge in loan
When there are difficulties, of course people do many things, the presence of online loans becomes an instant path for those who are very difficult, but we must realize that high levels will be a more complicated problem, this is the importance of managing finances so as not to go bankrupt and borrow in the application.
that is indeed a bad thing. borrow money on a loan application. I've also experienced that, when the money I have is deducted without notice. on the other hand, there is someone I know who is late paying the money, and the app sends an automatic message to all the contacts it has that the person I know still has some debt on the app. it's really embarrassing. besides the interest that is too big, it is a loan shark that will suck all the money you have. it's highly not recommended. However, the advice I have is try not to get into debt, or if you really need money, you can still find someone you trust to lend you money, if not, try to find a trusted loan place.
in our religion we are forbidden to take loan which has interest on it. but then again people make the mistake of doing that. sometime people learn it hard way. Better be careful and dont indulge in loan
that is indeed a bad thing. borrow money on a loan application. I've also experienced that, when the money I have is deducted without notice. on the other hand, there is someone I know who is late paying the money, and the app sends an automatic message to all the contacts it has that the person I know still has some debt on the app. it's really embarrassing. besides the interest that is too big, it is a loan shark that will suck all the money you have. it's highly not recommended. However, the advice I have is try not to get into debt, or if you really need money, you can still find someone you trust to lend you money, if not, try to find a trusted loan place.
I never believe in taking loan .It is easy to collect a loan but sometimes very difficult to pay back even if it is from a bank. Loans can easily land one in to serious problem causing them to forcefully lose their assets some time have never use a loan app and will not cause of the dangers associated with it.
Getting loan from loan apps or loan customers comes when two things happen.
1. When the need to get the money is absolutely necessary.
2. When you cannot get from trusted friends and relatives.
Some of these loan apps are not regulated and they do not have regards to privacy. They can assassinate character. Even when the borrower have settle the depth they will still go ahead to call or message anyone close to the victim, advertising him as a debtor.
If you want a loan, go to the bank and with collateral and get a loan.
1. When the need to get the money is absolutely necessary.
2. When you cannot get from trusted friends and relatives.
Some of these loan apps are not regulated and they do not have regards to privacy. They can assassinate character. Even when the borrower have settle the depth they will still go ahead to call or message anyone close to the victim, advertising him as a debtor.
If you want a loan, go to the bank and with collateral and get a loan.
I am not personally aware of these loan apps but, a lot of people have newly heard about these issues. There are other legal and genuine loan apps that are available despite the fact that many pop up without any legal backing. They breach our privacy and cause chaos, so be aware of these traps before taking any loan.
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