How LCredit Was Finally Booted Out Of Play Store After Quick Loan Arena Story

Multiple violating loan app in Nigeria, LCredit has been finally shown the way out of Google Play Store after QUICK LOAN ARENA damning report on the serial abuses, loan application and tenure violation and abuse of customer data privacy and other several infringements recorded against the lending platform.

LCredit Threatening Our Lives Over Unpaid Loans — Customers Cry Out To QLA
LCredit Threatening Our Lives Over Unpaid Loans — Customers Cry Out To QLA

LCredits Is One Of The Worst Loan Apps In Nigeria To Ever To Exist – Customers’ Testimony

LCredit is the of worst lending platforms to ever exist in Nigeria judging from the way and manner it has been conducting its activities, nothing could be more unethical and uncouth in the serial abuses and invasion of privacy that LCredit has subjected its various customers to.

QUICK LOAN ARENA had exclusively reported in October last year that the internet giant, Google removed Rapid Naira and LCredit loan apps from its Play Store after found to be serially violating its policies on loan application, approval and loan tenure, terms and conditions, and privacy polices guiding finance apps hosted on its network. This medium has been on the forefront reporting against  scam apps such as LCredits, Rapid Naira  ForNaira and some others on Google Play Store predating on poor Nigerians and violating Google Policies on lending apps.

According to one of the policy statements of Google for loan apps hosted on its Play Store: “We only allow personal loan apps with full repayment required in greater than or equal to 60 days from the date the loan is issued… apps that fail to do so will be removed without further notice.”

Another Google Policy states that: “Any app that offer personal loans with an Annual Percentage Rate (APR) of 36% or higher are no longer expected to be available on the Play Store. To keep their apps in the Play Store, lenders must adjust their products and business models to meet Google’s requirements.”

However many of the lending apps, including LCredit and many other loan apps in Nigeria give loan ranging from 7 days to 30 days at very exhorbitant interest rate and APR higher than that specified by Google. The network should enforce its policies and show these violating apps the way out.

LCredit Was First Removed By Google Play Store Over Violation

LCredit was removed by Play Protect, the security system on Playstore that scans apps hosted on Google for malware and other malicious virus and fraudulent apps. The internet giant had warned users from using LCredit app because it was trying to spy on phone contacts, recordings, photos, banking details and other sensitive contents on their devices. This is against Google Privacy Policy.

LCredit Was Later Reinstated And Allowed Back Into Google Play Store

QUICK LOAN ARENA had exclusively reported in Novermber that Google has restored and readmitted the rogue app, LCredit into its Play Store exactly one month after the initial ban. The internet giant has removed LCredit and Rapid Naira from the Store on the 21st of October, for data breach and violation of customers’ data privacy.

LCredit Continued To Defame and Threaten Nigerians Once It Got Back Into Play Store

However LCredit continuesd to threaten and defame its customers, borrowers and Nigerians in general. We reported a few of LCredit threats and abuses against Nigerians and expected Google to take action: LCredit Should Stop Threatening Me Or I Will Die — Frustrated Borrower, LCredit, Stop Blackmailing Borrowers, We Are Going Through Agony — Customer Cries Out, I Got Fired From Work After LCredit, Sokoloan Sent Shame Messages To My Boss — Nigerian Worker, LCredit Still Threatening, Blackmailing Customers, Contacts After Google Play Ban. Even with all these reports, Google failed to take action until the final report few days ago, when some customers cried out to QUICK LOAN ARENA that the dreaded LCredit was threatening their lives over unpaid loans.

QUICK LOAN ARENA Story That Finally Broke The Camel’s Back Of LCredit

We quickly reported the life threatening story made by LCredit against some customers and also made a formal report to Google Inc through their Nigerian representative asking for the internet giant to take action against the scam loan app and remove it from its play store.

LCredit Threatening Our Lives Over Unpaid Loans — Customers Cry Out To QLA
LCredit Threatening Our Lives Over Unpaid Loans — Customers Cry Out To QLA was published 6 days ago. 

Fortunately this time around, Google responded to our story and the threats by LCredit against Nigerians and booted the scam loan app from its playstore. With this ban, Nigerians can finally have some good rest and patronize only reputable loan apps in Nigeria for loans.

Do You Need Quick Or Emergency Loan From Reputable Loan Apps In Nigeria?

In need of an instant loan or an emergency cash loan in Nigeria? You can apply through any of the top loan apps in Nigeria and get funded under 3 hours, a few more hours or within 24 days. No hidden charges, no document needed, no collaterals needed with any of our list of reputable loan apps in Nigeria. One of such reputable emergency loan platforms is Taka loan.

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Instant Loan Apps In Nigeria In Minutes
 Instant Loan Apps In Nigeria Have Changed The Dynamics of The Loan Industry

There are many loan apps designed for urgent and emergency cash if you are a Nigerian and live in Nigeria.  An emergency cash loan is available for anyone who has an urgent financial obligation that cannot wait.

Reputable And Reliable Instant Loan Apps In Nigeria To Borrow From

Read Also: Top 10 Best Reputable Betting Companies In Nigeria 2022

If you need a reputable and reliable instant loan app in Nigeria, you can apply for quick cash loans from other platforms apart from ALAT By Wema app. However if you are a business owner, you can apply for a bigger loan amounts from Lendigo platform. The funds can be used to grow and expand your business.

Read Also: Top 40 Fake Betting Companies In Nigeria

We should also add that if you are a Nigerian or non Nigerian but resident in United States (USA), you can apply for an emergency cash advance loan even if you have a poor or bad credit rating. Please ensure you avoid like a plague any of the following top 22 loan sharks in Nigeria. They are scam and fraudulent.

READ ALSO! TOP 13 ACCOUNTING SOFTWARE FOR SMALL AND MEDIUM SCALE BUSINESS

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About the Author: Femi Adeoya

Mr Femi Adeoya is a Chartered Forensic Accountant and a Certified Fraud Examiner. He has over 20 years professional work experience in accounting, finance and business management processes. As an Accounting Software Expert, he has implemented and supervised accounting solution set up of over 50 small and medium businesses in Nigeria. As a passionate blogger, Mr Adeoya is an ardent writer and communicationist. He is the CEO of QUICK LOAN ARENA (quickloanarena.com), the number 1 loan apps review website in Nigeria. He is very passionate about the quick and instant loan industry in Nigeria and has written over 200 reviews on different loan apps and digital banks in Nigeria, USA, Canada and UK.

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