LCredit is one of the many lending apps in Nigeria that claims to be giving out quick loans to customers but recent happenings and developments have revealed their true identity to be a loan shark terrorising borrowers.
Actually the way fake loan apps in Nigeria send shame and defamatory messages to their customers and their contact lists is becoming alarming, worrisome and calls for urgent attention from government financial authorities and consumer protection agencies such as the (Central Bank of Nigeria (CBN) and Federal Competition and Consumer Protection Commission (FCCPC) respectively.
For many who have been into the instant loan business for quite some time now, it is easy to tell that there was once a lending app called LCredit on the Google Play Store known for its notorious activities in sending defamatory messages to people’s contacts barely days after taking a loan.
Whereas, the new people who recently started using loan apps might not know about this app but might have seen it listed on blogs and asked: What happened to LCredit loan app? Why was it shut down? Why was it taken down?
LCredit loan app was taken down from Google Play Store by Play Protect, an Android security system that scans apps hosted on Play Store for malware and other malicious virus and fraudulent apps and protects users from privacy infringement and invasion. LCredit is fond of violating the policy rules of Google and breaching its customers’ data privacy by exposing them to the public and threatening them.
What Company Owns LCredit?
LCredit lending platform is owned by Cashigo International Limited and managed by some Chinese allies who portray the attitude of defaming Nigerians barely days after their loan tenure without providing additional extension or grace period. These Chinese owners are mostly loan sharks which charges very high interest and harass Nigerian customers.
Is LCredit Loan App Genuine? Or Is LCredit a fake loan app?
No, LCredit loan app is not genuine or legit lending platform for any reason. LCredit is a fake loan app and one of the worst money borrowing platforms that ever existed in Nigeria. The app sends defamatory messages to contacts once you take a loan with them. LCredit would start sending threatening messages to your contacts, friends, and families and exposing your photos and banking details on social media, asking you to pay back your loan even before the expiration date.
LCredit App Download
Unfortunately, there’s no further option for you to download the LCredit app from Google Playstore as they infringed on users’ privacy and violated Google policy on customers’ data security with their continuous defamatory and shame messages. Regretfully, the app can no longer be downloaded.
LCredit Loan Defaulters
There are a lot of LCredit loan defaulters no doubt. Despite the fact that the loan company is in the habit of threatening and defaming users’ privacies, they were still some defaulters who blatantly refused to repay their loans within and during the expiration of their loan tenure.
I mean for any reason you are taking a loan, you should be willing to pay back and not become a loan defaulter and be denied further opportunities for a loan the next time an emergency happens.
LCredit WhatsApp Number
LCredit always uses about two different WhatsApp and Telephone numbers to defame and threaten its customers. The numbers are 01 227 1640 and 0708 004 8717. However, Cashigo International Limited, the owner of the platform’s official LAN Line is 01 631 0555.
What Happened to LCredit loan App?
LCredit loan app was taken down from Google Play Store by Play Protect, an Android security system that scans apps hosted on Play Store for malware and other malicious virus and fraudulent apps and protects users from privacy infringement and invasion. LCredit is fond of violating the policy rules of Google and breaching its customers’ data privacy by exposing them to the public and threatening them.
Google had caught LCredit app trying to spy on phone contacts, recordings, photos, banking details and other sensitive contents on the devices of its customers. This is against Google Privacy Policy and the infringing app was immediately removed from Play Store.
