Why Are Nigerians Still Borrowing Money From Scam LCredit Loan App?

Today, QUICK LOAN ARENA is asking Nigerians why are they still patronising the scam LCredit loan app? What’s the special attraction to LCredit for Nigerians that they still feel comfortable to borrow money from this unrepentant fraudulent, defamatory and scam lending platform whose only objective is to shame and defame its customers and borrowers?

Why Are Customers Still Borrowing Money From The Scam LCredit Loan App?

This medium has written countless number of stories and reports about the fraudulent activities of the scam LCredit loan app and spread widely to Nigerians. Even Google has once alerted Nigerians that LCredit are spying their banking and personal information. Yet customers won’t stop from borrowing money from them.

QLA Readers Continue To Lament The Tormentous Approach Of Scam LCredit Loan App

Please see below comments from customers of LCredit, and if after reading all these, you still find it convenient to patronise this scam LCredit loan app, then we cannot help you. They are unrepentant saddist whose only interest and joy is to inflict pains and torments on their customers.
New comment on your post “Top Loan Apps Banned In Nigeria”
Author: Adeola (IP address:,

Jun 1, 2022, 2:31 PM (2 days ago)
New comment on your post “Top Loan Apps Banned In Nigeria”
Author: Adeola (IP address:,
Email: Adeola2205@gmail.com
I am going through similar experience with L credit. My loan was overdue, they started cursing me a day after, calling me names. Threatening me and I have good record with them, with every passing day, they are increasing due amount by close to 2000 naira. The government should please see to this and help us. This is just a 2 weeks loan with too much interest. Imagine 46,000 to pay 58,000 in just two weeks😢
New comment on your post “Why Google removed Rapid Naira, LCredit from its Play Store”
Author: Hmd (IP address:,
Email: tben03900@gmail.com
Am glad you deleted the app on play store !! Lcredit is a scam and I told them that already whenever they called meYou can see all comments on this post here:

The worst one Lcredit does is that they would start calling all your contact saying you are owing them
Literally a friend of mine was owing Lcredit as a student instead they called his father who was at home and the dad had to come to school unaware to query the son, and they disturbed the father till he paid the money.

My experience with them was very terrible.. After paying them the loan, they still send me mail that am owing them, sending messages down to my contacts for a Loan have paid off since.. These loan apps are supposed to be banned seriously, most especially the aspect of tarnishing someones image bcos owing u is too bad.

I won’t pay a dime after threatening me and defaming me to all my contacts. They even posted it on my friend’s whatsapp status. That is the height of privacy invasion.

Do You Need Quick Or Emergency Best Rated Loan Apps In Nigeria With Low Interest?

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.

Reliable Best Rated Loan Apps In Nigeria With Low Interest To Borrow From

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

Read Also: See The Reply This Female Secretary Gave Her Boss For Telling Her To Cook For Him On Her First Day At Work

If you need reputable best rated loan apps in Nigeria with low interest, 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.

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, fraudulent and fake loan apps in Nigeria.

And if you ever planning to study abroad or you have someone who does, then check this out: Top Requirements For Nigerians Planning To Study Abroad In Germany. And if you are a student and need loan desperately even with bad credit, then this is for you. And if you are wondering which option of university to choose to study abroad,
this article will guide you.

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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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