Avoid loan apps, a word of advice. - page 5.

batang_bitcoin

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Quote from: mm2543363580 on August 01, 2022, 11:35:24 AM

THere is another solution - where one can take loan and check the terms and conditions and pay a few installment and payoff all the loan in one go.
But - one should try to avoid taking loans as much they could and bet on the money they have in their pocket. It easy to lose the money you have rather than losing others money and then paying off the other loans.

That's the whole thing, just completely avoid getting loans whether it be from loan apps, banks, a person or anywhere you can take a loan. If you can see yourself that you don't really need that loan, just don't.
Don't add another burden to yourself and make yourself a loan-free person as much as you can. There are many reasons why people can't get out of debt for some reasons so to start with, just don't.

Quidat

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Quote from: mm2543363580 on August 01, 2022, 11:35:24 AM

Quote from: Lubang Bawah on August 01, 2022, 09:57:35 AM

When financial problems occur, the easy and instant thing to do by anyone is to make online loans, they do not care about high interest, when the loan is approved then what they get is not full as proposed for reasons for administrative costs, and other costs, in my opinion this is Mistakes that will make us miserable because we have to pay a bunga that can reach 15% per month.

THere is another solution - where one can take loan and check the terms and conditions and pay a few installment and payoff all the loan in one go.
But - one should try to avoid taking loans as much they could and bet on the money they have in their pocket. It easy to lose the money you have rather than losing others money and then paying off the other loans.

Not really that worth on losing money which isnt yours and on the time you do lose it then you do still need to repay those and that would really be adding up more problem.If you dont like
to have that kind of problem then better to avoid to take up some loans and spend on the money which you do only have that money in your pocket.Once you do lost it all then stop
and wont tend to go further but if you do really insist then go ahead and take a loan but dont regret when things turns out to be negative later on.
Avoid loan as much as you could and you would really be freeing yourself into those possible problems.

mm2543363580

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Quote from: Lubang Bawah on August 01, 2022, 09:57:35 AM

When financial problems occur, the easy and instant thing to do by anyone is to make online loans, they do not care about high interest, when the loan is approved then what they get is not full as proposed for reasons for administrative costs, and other costs, in my opinion this is Mistakes that will make us miserable because we have to pay a bunga that can reach 15% per month.

THere is another solution - where one can take loan and check the terms and conditions and pay a few installment and payoff all the loan in one go.
But - one should try to avoid taking loans as much they could and bet on the money they have in their pocket. It easy to lose the money you have rather than losing others money and then paying off the other loans.

Lubang Bawah

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When financial problems occur, the easy and instant thing to do by anyone is to make online loans, they do not care about high interest, when the loan is approved then what they get is not full as proposed for reasons for administrative costs, and other costs, in my opinion this is Mistakes that will make us miserable because we have to pay a bunga that can reach 15% per month.

bitgov

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Quote from: minime0105 on July 31, 2022, 05:07:42 AM

People that is making use of loan app. Is people that from this countries that's full of scammers. I believe that does loan application is not good to use because the developers of the app have advantages over to the people that is making use of the app by having access of penetrating into their account and the percentage of the account and the loan collected from the app we are higher than the money collected from them and only disadvantages I found that when you are unable to refund then they have access to withdraw any money that comes to your account so in final conclusion that app is not good for someone to use because it will cause a continuous debit alert from your account

.Loan is a curse whatever form it is .. it is a slow poison and they are going to kill you sooner and later.
I made a loan a few years ago and that was my worse mistake I ever did. Do live with in your means and stay happy

minime0105

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People that is making use of loan app. Is people that from this countries that's full of scammers. I believe that does loan application is not good to use because the developers of the app have advantages over to the people that is making use of the app by having access of penetrating into their account and the percentage of the account and the loan collected from the app we are higher than the money collected from them and only disadvantages I found that when you are unable to refund then they have access to withdraw any money that comes to your account so in final conclusion that app is not good for someone to use because it will cause a continuous debit alert from your account

LogitechMouse

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Quote from: Queentoshi on July 16, 2022, 05:59:37 PM

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.

Your friend is the one to blame if you will ask me.
It's his/her responsibility to pay the loan in due date and the company behind the loan app doesn't need to notify the borrower. I've seen numerous advertisements on Facebook and Youtube regarding these loan apps and I don't like it and I don't want to use it. The way they are asking the borrowers to pay is very unprofessional base on the videos I watched on Youtube.

Quote from: Queentoshi on July 16, 2022, 05:59:37 PM

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'd rather get a loan here in the forum than installing an android app and will get a loan there. I have no experience in using loan apps but I have watched some videos with regards on how brutal these people behind these apps are.

There are some who are cursing the borrower if they will not pay in due time, there are some who will say some bad words to the borrower etc. etc. In short, I don't recommend using them or just avoid getting a loan at all if you don't have some money to pay into it in the future.

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I can't blame anyone, because when two subjects meet and offer each other a loan out of urgency, it's someone's action when they have no way out of paying when it's due.

Actually, not all charge more than 100% interest. If your friend has an alternative loan with a lower interest rate then he or she will think twice and weigh the risks. The problem here is that we don't know when urgent need will drive someone to take a dangerous risk. Believe me, we have been in a phase where the urge to fulfill our needs requires us to make difficult choices.

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Quote from: Queentoshi on July 16, 2022, 05:59:37 PM

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?

I have read a lot of news about the victims of online loans, moreover the illegal ones. they only ask for small loans, but they must turn back the money with very high interest until they cannot pay for the debts and the interests. then, the provider of the online loans will tell and contact all names or contacts on the phone books automatically. this is so weird because not only the person who gets loans is disturbed but also all contacts in the phonebook.
I know that the problem or mistake is not only on the illegal online loan itself, the person who takes the loans also made mistakes. because commonly, they will ask for online loans without even reading or understanding the T&C because mostly they need the money very soon.
Well, if we have known about the mechanism, we will not fall into the trap of online loans, moreover illegallly. But if it is another person, well, we may be able only to give them the infomration.

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Quote from: Pujangga on July 27, 2022, 11:50:39 PM

The easier it is to get a loan but certainly the interest will be higher, in my country online loan cases often make borrowers very disadvantaged, if they don't want to pay then they spread all data to the public even in inappropriate ways, this is a lesson that we should never rely on online loans via applications even in difficult conditions.

Loan is a cure - most importantly when you take it from a bank. It never ends.
We have never taken a bank loan because once my father took it and it took him ages to pay off the loan.
So better be very careful with money dealing - better live within your means.

Pujangga

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The easier it is to get a loan but certainly the interest will be higher, in my country online loan cases often make borrowers very disadvantaged, if they don't want to pay then they spread all data to the public even in inappropriate ways, this is a lesson that we should never rely on online loans via applications even in difficult conditions.

TelolettOm

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Yes, that is true. I often come across various types of advertisements about loans. They package the advertisement very promising, reliable, and also attractive full of various conveniences. But in fact, it does not match the reality. They seem to provide various conveniences for customers, but in fact they are trying to attract customers and do not want to let them go.
This is very risky, especially if we want to do it by using loan funds. So, it's better not to follow it.

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Quote from: Uang_kartal on July 27, 2022, 07:18:04 PM

The trend of online loans is indeed very vulnerable. in my country, almost many are tempted because of the ease and closure when submitting, including TOS that is not appropriate in the field. Both interest rates, billing and maturity are on one side.
if the goal for this investment will be heavy because it must continue in the specified date.

Online loans or loan apps are quite massive in our countries. People are interested to use them because they offer easiness and effectiveness for modern loans. However, online loans, loan apps, and non-online loans are all the same. They have the same risks and probably make use be addicted to adding more loans. Finally, we don't realize that we are out of the capability to pay the loans, then we must give them our lands, homes, or vehicles. Even worse, if we use the loan money for crypto investment, we may end up losing everything. I don't claim all will experience this, but it has a high chance to experience it. So, it is better to avoid any kind or type of loan (borrow money), both online or non-online.

Uang_kartal

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The trend of online loans is indeed very vulnerable. in my country, almost many are tempted because of the ease and closure when submitting, including TOS that is not appropriate in the field. Both interest rates, billing and maturity are on one side.
if the goal for this investment will be heavy because it must continue in the specified date.
If there is compulsion for an action, I think this is neither an excuse nor a solution.
loans will continue to make people addicted if they are smooth in installments but sometimes there are times when there is no money for non-principal needs. and they can be brutal beyond banks or conventional offline services

Quidat

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Quote from: Natalim on July 27, 2022, 06:53:29 PM

Quote from: MiF on July 27, 2022, 05:36:38 PM

Quote from: Queentoshi on July 16, 2022, 05:59:37 PM

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.
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 did not patronize loans because i know that the company that give you a loan is a business and if we are going to have that loan they will earn from the interest and in it is very easy to understand that we the loaners make them very rich and make our self very poor, i will only get a loan in case of emergency and no other option or choices than getting that loan.

Let's say that they were getting rich because of us loaners but we think also that somehow they save us in times of financial difficulties. Of course, this is business, and it designs to make a profit. So, it doesn't matter how much they get from us loaners as long as it helps us, in fact, they are also risking their money to do this. as in some cases, some people don't repay their loan which is also a big loss for them.

Its a mutual benefit i would say which is definitely true that loaners do get some benefits and advantage and same goes to those who do give out loans and if you do have
that kind of mindset that you dont really like for them to make some income or profits then dont take some loan.You arent forced on doing so and its optional but
if you are on a condition where you are really badly in need or emergency then for sure you wouldnt really be minding those issues that you do have in mind.
This is indeed a business and they are doing this for profits but of course it would be always accompanied with risk.

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Quote from: MiF on July 27, 2022, 05:36:38 PM

Quote from: Queentoshi on July 16, 2022, 05:59:37 PM

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.
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 did not patronize loans because i know that the company that give you a loan is a business and if we are going to have that loan they will earn from the interest and in it is very easy to understand that we the loaners make them very rich and make our self very poor, i will only get a loan in case of emergency and no other option or choices than getting that loan.

Let's say that they were getting rich because of us loaners but we think also that somehow they save us in times of financial difficulties. Of course, this is business, and it designs to make a profit. So, it doesn't matter how much they get from us loaners as long as it helps us, in fact, they are also risking their money to do this. as in some cases, some people don't repay their loan which is also a big loss for them.

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Quote from: Queentoshi on July 16, 2022, 05:59:37 PM

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.
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 did not patronize loans because i know that the company that give you a loan is a business and if we are going to have that loan they will earn from the interest and in it is very easy to understand that we the loaners make them very rich and make our self very poor, i will only get a loan in case of emergency and no other option or choices than getting that loan.

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Quote from: boyptc on July 16, 2022, 07:11:25 PM

These loaning apps are terrible in customer service, they really are a business that will suck every customer's money that have taken loan from them.

If you're going to take a loan, just go with the banks and they've got lesser interest rates.

The twist from these apps are they've got lesser requirements so those that are in dire need, they're the best options but when they've got the loan, terrible experiences will be made from them.

That’s true as I have come to take a loan before online and experienced the worst. Though it’s seemed so easy for us to make our loans approved, but in times that we can’t pay our loan in due time, they surely put an interest that I think is very high and I’ve got no choice but to pay for it. I swear I won’t be attracted to any loan apps again. In general, it’s always not ideal taking loans because you are giving them chances to take advantage on you. If you want to invest, then save for it. If you want to own something, then you should strive hard to prepare your funds so you won’t be taking a loan as a last resort.

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Is this some kind of crypto or fiat based online loan? If it's fiat, I really think it's a bad thing to do, but otherwise crypto lending is more advisable if you have some sort of collateral.

To be honest, so far I have never been tempted to make a loan through any online application. Even if I am in a very bad financial situation, I think it is still good to think about making a loan from close friends or family. So far I have tried to stay away from any loan because I don't really like to burden my salary or income to pay off loans, especially for loans that have high interest rates.

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Quote from: erep on July 26, 2022, 10:36:44 AM

Quote from: ultrloa on July 26, 2022, 08:30:05 AM

What more worse there is they give threats or other disturbance to their clients who cannot repay their loans and if you go on this situation for sure will get disturbing phone calls as well as emails from time to time so if you don't have capabilities to pay better not to take this option because for sure we will be in bad shape. Better to avoid taking loans since life is so good without anything bad things comes in our minds.

Illegal loan applications do not have appropriate loan billing procedures other than stressing the client in any way, the worst possibility awaits you when you are out of the house. I recommend avoiding illegal loan applications because they increase high interest rates after passing the payment period, many hidden rules are decided unilaterally by loan management.

They can't urge debtors to pay their loan as they are illegally running a business but somehow, they are more serious about dealing with you if you can't pay and even make your friends and family members get informed as they call them to make know about the default loan. Actually, this is have been called out by the authorities in my country due to their wrong approach. Maybe, the best thing to deal with them as well is to report them in order to stop their illegal operation and let the authorities punished and imposed penalities.

Topic: Avoid loan apps, a word of advice. - page 5. (Read 2758 times)