Loan sharks lending apps
By aubrey
@averygirl72 (38848)
Philippines
December 19, 2022 5:18am CST
I don't know but a few days ago I got interested in exploring loan apps. At first I got very interested. I thought it would solved my need for capital for my business. I downloaded several of them and most of them reject me.
Some of them is also like a scam because they say it will take 150 days to pay the loan but then they will say you need to pay just after 7 days. The interest are also high. Some have many hidden fees so you won't get the exact money you want to loan.
I will never try them again. I think they are all scams. I can just borrow from my siblings and pay them a reasonable interest so I can help them earn too. Have you tried loan lending apps?
6 people like this
5 responses
@brokenbee (11937)
• Philippines
19 Dec 22
I haven't tried them yet... But I was offered several times by Home Credit and I always decline. I said I don't have money to pay them back... And I had activated my SLoan in Shopee but I haven't used it yet.
Yes, they have high interest rates.
@averygirl72 (38848)
• Philippines
21 Dec 22
@brokenbee Yeah that is true they asked for 3 contacts
1 person likes this
@brokenbee (11937)
• Philippines
22 Dec 22
@averygirl72 But they are not limited to those that you give. They have access to the contacts on your phone especially when you give that apps permission to do so. Some were shocked to know that their friends and other family members were contacted.
@brokenbee (11937)
• Philippines
21 Dec 22
@averygirl72 What I am scared of aside from where I will get money to pay is that I heard they will call those on your contact list on your phone when you cannot pay... LOL
@solidcodes (1798)
• Philippines
20 Dec 22
@averygirl72
Yeah I think it's good.
It is designed for SME (Small Medium Enterprises)
They will approve within 24 hours if you have proper government documents.
You can borrow up to 5 million, I'm not sure if the 5 million is the maximum.
Anyways if you have the option to borrow from your friend and relatives I guess that is the best idea.
@averygirl72 (38848)
• Philippines
20 Dec 22
@solidcodes I'm interested in that because we are looking for housing loan
1 person likes this
@averygirl72 (38848)
• Philippines
19 Dec 22
They just get my information and contact number
1 person likes this
@cabuyogty (4487)
• Philippines
23 Dec 22
Wow, good for people that we're aware of these online loan scams . Have a nice day 
@averygirl72 (38848)
• Philippines
27 Dec 22
There is no easy money. They will make it hard for you to get some loan it is not really easy
1 person likes this
@cabuyogty (4487)
• Philippines
29 Dec 22
@averygirl72 It's true . I believe in you . I know someone who was an online loan app victim . Better be stay away from these scams online .
I hope they will gone one day
