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.
Until now, online loan apps are still rampant. Especially here in our country, and many online loan apps here in our country have also been raided because they are unregulated and even threaten those who lend money if they cannot pay the installments on the loan.
So to avoid such loan apps, do not really enjoy online loan apps because the interest they charge is really high.
Yup, with those kind of action from those online app they are being raided and some them are being link to another kind of online services, those who are not under the regulation are being persecuted as there are reports that those who use the service are being harass and been exposed with their loans, it's really something that those online apps owners did to force the person who owe to pay their bills, to the point that they are really threatining the person.
It's better not to deal with it if it's not really important or if there's no business or investment that you'll going to use the money, just deal with what you have and be contented.