QUICK LOAN ARENA, the number 1 review blog for loan apps and digital banks in Africa brings you the list of top 20 loan apps that call your contacts in Nigeria.
Illegal Loan Apps That Call Your Contacts In Nigeria Threaten Families, Friends and Contact List of Loan Defaulters
Many borrowers have been speaking against the way and manner these fake and illegal loan apps in Nigeria blackmail their customers and talk rudely to them like they don’t matter. Some go as far as referring to their customers and borrowers as ‘crazy’, ‘stupid’ and all manner of derogatory statements.
How To Recognize Loan Apps That Call Your Contacts In Nigeria
One of the characteristics of illegal loan apps that call your contacts in Nigeria include the sending of blackmails, defamatory messages and threats to their customers, their family members and their contacts’ list and thereby invading their data privacy.
Most of these lending apps’ staffs lack manners, they talk to customers anyhow, call their contact list and refer to them as criminals. They send threatening and derogatory messages to them.
List of Top 20 Loan Apps That Call Your Contacts In Nigeria
The following is a list of top 20 loan apps that call your contacts in Nigeria. borrowers and customers are warned not to patronize any of them and must be avoided at all cost like a plague.
Some of them have been banned by the Federal Government and a few have been banned by Google and Apple Play Store. However unfortunately many of them are still operating covertly, scamming and defrauding hapless and poor Nigerians in the name of quick instant lending loans. Be warned, don’t fall for any of the following scandalous, fraudulent lending platforms that abuse customers data and are fond of calling their contacts and their families.
- LCredit
- 9credit
- LionCash
- Nkash
- ForNaira
- Cashrain
- Xcredit
- ICoin
- PalmCredit
- CashLion
- GoCash
- Okash
- EasyCredit
- Ease Cash
- KashKash
- Speedy Choice
- FastMoney
- GetCash
- 9ja Cash
- Sokoloan
10 Critical Ways To identify Loan Apps That Call Your Contacts In Nigeria
- Accessing the contact’s number and picture stored in mobile phone.
- Misuse of contact numbers and pictures saved in mobile.
- Invading customers’ data privacy and sending defamatory and threatening messages to them and their contact list
- Very high interest and penalties.
- Deduction of processing and/or security deposit before loan processing
- Interest deducted before providing the loan.
- Constant harassment and threats on customers
- Online Harassment.
- Harsh and unethical means of recovery.
- Use of rude and derogatory statement by loan app staff on customers
7 Warning Signs Common With Loan Apps That Call Your Contacts In Nigeria
- No verification of previous repayment history
- Gives out loan to customers for 7 days tenure instead of minimum of 60 days by law
- Creation of sense of urgency and pressurizes into acting immediately
- Hidden or undisclosed charges/ fee amounts.
- Unsecured websites and in some cases no website at all
- No physical address disclosed by lender.
- Most times, they have no social media platforms, no contact telephone numbers, non valid customer service support
5 Safety Measures To Protect Yourself Against Loan Apps That Call Your Contacts In Nigeria
- Check for lenders contact information like phone number, email address and physical address.
- Verify the online reviews by customers given for the lender.
- Check the professional reviews on trust worthy lenders.
- Make sure the loan app has been properly licensed by the Central Bank of Nigeria (CBN)
- Review the app permissions regularly and give access permissions ONLY tor the purpose of the loan applied for.
7 Comments
What happens to those who borrowed from the app but never repaid?
Ok sir a lot is happening ,they will threatening your life ,calls every day and night , even use your BVN to threatening you , they said they will lie against you ,call all ur contact on ur phone ,all because of 10 thousand naira ,too much embarrassments , even post you on social media that you are a criminal and theif , just so many nonsense ,we all understand our situation in Nigeria that Nigeria is difficult but they did not want to listen or understand you ,all what they want is their money ,is not that someone didn’t want to pay or something , noooo they won’t still listen until they embarrassed themselves not us thanks
Pls help me out I borrow money 4rm different loan apps just too survive…..all bcuz I didn’t have money too my debit….dey are now sending message too all my contacts and tag my picture with it since 3 weeks now they are sending message too my contact even till dis morning….pls help me out dis embarrassment is too much for me is like I should kill myself….bcuz I dt have money 2 pay dem off pls are pls help me what should I do about dem pls
Mazaloan they have declared me wanted
I borrowed loan from palmcredit I have paid they keep threatening me with calls and messages I sent proof of payment yet they keep disturbing me
My loan was just due yesterday they threatened and kept insulting me they sent messages to my contact’s telling them I’m a thief
They added my picture to it sef
It’s not like I have been owing them for too long my own was just due yesterday
Very useless app
Omo na them sabi, everyone know say country hard, but for these loaners they’re demons. God forbid bad thing. Like this eh, I no dey pay shishii 😒😏.them think say them dey wise. Rubbish people😂😋.if you are still worried about them or what they will do to you if you’re owing them, sorry oooo 😂🤣na u sabi, that’s to your own detriment. Do not mind whatever messages or threats they send to you on daily basis. Most of those loaners are fast killers, crooks, life hunters and real time scammers. Like this eh……. Am owing about 8 of them, but I no dey pay shishii 😒 it’s over 6 months now since overdue and none of them have been able to call or send messages to my contacts and post my pictures anywhere. They are even tired of calling me😌😏.Dem dey crase. If you wish to know how to deny them access and how to clear your contacts and data from their server send me a DM on WhatsApp @09151977310. But if you’re one of their agents and you near my DM, I pray make thunder no fire you and your smartphone shaa 😏. Nonsense people.