Loan apps, one of the worst platforms to borrow money due to their unethical ways of handling issues, especially when a borrower fails to pay before the due date.
In Nigeria, these loan application platforms frequently exhibit unprofessional behavior, rudeness, and a lack of courtesy. It is perplexing why individuals opt to borrow money from these platforms given their conduct.
And one major reason why I advise people to steer clear of these loan apps is their unethical way of having full access to someone’s phone, especially the person’s contacts.
In this article, I will discuss how to stop loan app harassment and also how to handle the issue.
How to stop loan app harassment
The best way to stop loan app harassment is by paying up and filing a complaint against them.
However, this may not necessarily work if you’re in Nigeria.
I know why I am saying this.
To stop loan harassment, I recommend that you pay up the loan you borrowed from them. If the harassment still persists, then you have the right to threaten them with the police.
But the issue here in Nigeria is that these loan apps platforms do not have a physical office or address.
Yes, they will give you an address, claiming it is their office address, but that is a big fallacy.
Most of them don’t have an office and which makes it quite difficult to locate them. Aside from that, they don’t use a corporate bank account which I usually look very fishy to me.
In Nigeria, it is difficult to stop the harassment, especially if you still owe money to these loan apps. You can only manage the situation, and I have explained how to do that below.
How to handle loan apps platforms
- Simply ignore their threats.
- Send a notice to your contacts to disregard messages or calls from any loan apps about you.
- If it gets worse, get the police involved.
Let me explain them one after the other.
1. Simply ignore their threats
One significant concern I have with these loan applications in Nigeria is that they initiate a threatening approach towards borrowers who default on their payments.
While it is understood that defaulting on a loan is not an appropriate action, it does not justify the commencement of threats within a short timeframe of three days after nonpayment.
I see them threatening to block the defaulters bank verification number (BVN), blocking the person’s bank account, and even threatening to go to the person’s house.
Now, listen. These loan apps can never block your BVN and bank account.
They can never have access to your bank account, even to withdraw money from it.
Yes, they have your BVN, but they won’t be able to do anything with your bank account unless it gets hacked.
There are some who will threaten you with a police or court order. In most cases, it is a false alarm because these loan apps are not registered.
As long as you are sure that the loan app is not a registered one, please disregard their police or court order threat.
It is an empty threat.
Most times they will resort to defaming.
2. Send a notice to your contacts to disregard messages or calls from them
Another thing these loan apps do is Defamation.
Because they have full access to your contacts, they resort to defaming the loan defaulter by sending tons of messages to your contacts stating that you are a debtor.
The most annoying part is that even if you go ahead to make the payment or clear up your debts, they won’t stop defaming you.
It’s very painful receiving calls from your friends, colleagues, and family members that they are receiving messages, especially on WhatsApp, about you being a debtor.
For example, it happened to a close family member of mine, and I kept receiving messages along with his picture, name, and phone number stating that this very person is a debtor.
Right in the picture is a large text that says “Debtor.”
I wasn’t even the only one receiving the messages, my uncles and auntie’s, his friends and colleagues.
He was receiving calls from those who cared to call and ask about the messages they were receiving. At one point, I had to advise him to send multiple messages to his contacts to disregard such messages.
This is what you should do if your friends and family members inform you about unsolicited calls and messages they are receiving about you from these loan apps.
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3. Get the police involved
This will come down if you have made the payments but still receive calls or threats from the loan app, or your contacts still receive calls and messages from them.
Then, you need to take action by involving the police.
As I mentioned earlier, most of them do not have a physical office or a real address, but they can be tracked through their bank accounts.
Most of these loan apps are owned by foreigners, not Nigerians, making it quite difficult to track the real owner.
Avoid unregistered loan apps
Due to the unethical ways of handling loan defaulters, most of these loan apps in Nigeria have been banned.
You download the app, the have full access to your contacts even without your permission, if you fail to pay up the harass and threaten you, send unsolicited messages and calls to your contacts.
It is crucial to conduct transactions only with registered loan applications for your own safety and security.
These applications are officially recognized by the Central Bank and adhere to ethical standards.
They refrain from engaging in insulting or harassing behavior, and they do not send debtor messages to the contacts of their borrowers.
Additionally, they respect your privacy and do not access your contacts without your explicit consent or permission.
Before you go ahead to download a loan app, please be sure that they are registered with the Central Bank in order to avoid asking how to stop loan app harassment in Nigeria.
Good day I want to ask a question like me I have downloaded some loan apps on my phone and I have borrowed money from them to pay for my sick father which runs in to thousands of naira and to be candid I have defaulted them how can I go about it because I have been receiving calls from different loan companies and they have my Whatsapp account what will i do please help me I need your advice
First, pay up your debts, and afterward, I will recommend that you send a notice to your WhatsApp contacts to ignore any messages or calls tagging you as a debtor.
Secondly, you need to give them a warning or perhaps threaten them with the police if they don’t stop the harassment, especially toward your contacts.
Third, kindly remove the loan apps from your phone.
There are registered loan apps, but it seems the ones you borrowed money from are illegal loan apps that are not civil or ethical in their dealings.
It’s quite unfortunate that these loan apps or loan shark have no physical office or address, this is the only way to deal with them.
good day ma.
pls is okash,fairmoney and palmpay a registered to central bank of Nigeria
I can only speak for FairMoney. However, this is Nigeria, they may disappoint and embarrass you if you default on loan repayment.
I don’t trust the regulatory body when it comes to defaulting on loan repayment.
Hello,
At least now I know that they can’t block or blacklist my bvn.
I have a question – there was a lien placed on my bank account and my funds were in mid air waiting, I called my bank after I find out and asked why and to whom the lien was for, they could not provide the name of the merchant or the bank of the merchant – the lien was up for 2days and nobody in that bank could tell me who put the lien up. My bank asked me if I had used my Atm on any app, which was no because I knew if I did that, it meant auto debit and I didn’t want that. The lein was directly on my bank account – I never sign any permission regarding such and til now I wrote asking me bank to tell me who approved the lien – they are silent on that and won’t reply my query! The bank is question is Alat by Wema – they said it was the agreed transaction I had with a merchant and I asked, did I sign any permission for such? No reply! Who did? No reply!
So does this mean that someone in the bank did this?
Because I have read the terms and conditions of the loan app and nowhere there does it mention a lien be placed directly on my bank account and I know I never inputted my Atm card details on any platform. Never!
Sorry for the late reply. I haven’t been feeling well these past few days.
Hmm, this is quite strange if you know nothing about the lien.
And you can’t remember using any loan app or maybe someone close to you using your account details for such activity.
Here’s the truth, the bank should know the merchant address, but most times they act so nonchalant.
Try to contact your account officer right away or even the bank branch manager and explain your situation.
Good morning ma’am
My problem now is that I borrowed money from HubCash through Under oyescredit loans app. When the due date reach I paid back the loans with the interest. After 2 hours I made the payment, they credited my bank account without me requesting for the loans. I tried to send them messages on whatsApp they didn’t respond to my messages. Until 2 days ago, when they started asking me to pay for the loans I didn’t apply for. They kept threatening me that they will post me on all social media and they will call my contacts or they will post me as a rapist, killer or fraudulent person. To avoid issues i deleted the loan app from my phone and i made the payment yesterday. After I made the payment is not even upto 50 minutes they credited my bank account again.i Even tried to ask what is the meaning of this, they refused to answer me. This is the second time they credited my bank account without my consent. I tried to repost the case to the police yesterday. Here is the HUBCASH contact details : this is their company phone number : 234-6797365231. Here is the Address, no 18 oremeta street, Lagos Nigeria.https://www.hubcashs.com/
Email:
HUB-CASH@outlook.com
Company name
ECON CREDIT FINTECH LIMITED
Here is the number of their agent they sent out to threatening people:
+234 909 660 1073, +234815 597 9751, +234812 954 3195.
Hello Mr. DANIEL, I recommend that you simply ignore them.
They are loan sharks, and I’m sure that address doesn’t exist.
Now, what you need to do is notify your contacts to ignore messages tagging you as a debtor or whatsoever.
Secondly, if your debit card was linked to the loan app, block the debit card and request a new one.
Lastly, they won’t tag you as a rapist or a killer, highest they will do is to tag you as a debtor.
Again, ignore them and move on with your life. It’s quite unfortunate that you’re dealing with a loan shark, which I believe is not registered with the CBN.
Good day ma’s, my own question is that I requested for loan, but term is too much for me try to avoid them till I got the money but they’re threatening me, calling my contacts, but I went in to the app settings dined access to my contacts..but I’m still waiting, please what should I do.I planned of paying small small with my nysc money, but I’m not sure after denying them the access,can they still reach my contacts??
They already have access to your contacts. You should have declined access to your contacts the first time you installed the app on your phone.
You’re dealing with a loan shark. In this type of situation, simply send messages to your contacts via WhatsApp and notify them to ignore messages tagging you as a debtor or anything like that.
Since you planned to pay gradually, block any debit card linked to the account you gave them and request a new account.
The reason I’m saying this is because some loan apps usually wipe out money from their debtors’ accounts once there’s money in their accounts.
So you do that before they will wipe out your entire alawee money.
Again, because these loan apps, especially the loan sharks, do not have a physical address or office, it makes it difficult to reach out to them, aside from the uncivilized people who will call to harass.
The only thing you can do is ignore their calls and harassment. Also, make sure that you have removed all permissions from the app so that they won’t have access to your new contacts.
Since you plan to repay your loan, don’t delete the app. Put the app in deep sleep mode until you are ready to repay the loan.
hello ma, I borrowed a loan from pocash and they stated that they will borrow me 10000 and repay 10700 but after ther disbursed the money they paid 6500 now stating that I will repay 10700 but was not stated like that before I borrowed, unfortunately for me I can’t pay because if I had known the they would deduct the money and lied to me that I will borrow 10k to pay 10,700, I won’t have continued with them now for me the interest is choking which was not stated before from d beginning, now the loan is due and they av been threatening me even before the loan is due, what can I do ma. they said they will block my bvn and all that.
Oh, sorry for the late response. I haven’t been available lately.
First, they cannot block your BVN, and you should not be scared at all.
Second, if they were not transparent with you, I recommend that you pay the exact amount of money they lent to you and forget about paying the interest accrued.
However, you can still repay the loan, which includes the interest, if your mind tells you to.
Here are the facts: they are loan sharks, and they will never do anything to you other than insult and harass you.
If they have access to your contacts, they will call and harass them too.
That’s the only thing they can do to you, to harass and embarrass you or destroy your reputation among friends, family and colleagues.
I have a bad experience with those loan apps, they started harassing and calling my contacts on the due date and even went as far as sending messages to over 700 contacts on my phone, I spoke with few of their agents to stop doing that or else I’ll not pay off the loan but they still continued. So I spoke with someone that claimed to be the manager and we agreed that I should pay the principal and they’ll clear it and stop the harassment which I did. The next day another agent called and said I’m still owing, I explained to her and even sent the screenshot but she said the agent that I spoke with the previous day is not the manager and has been sacked so I should pay up or they’ll continue harassing my contacts. What do you think I should do in this case?
Why do you all always fall for these cheap tactics?
Now, listen. You’ve already paid the money, so don’t pay again. They appear to be nothing more than criminals.
In this situation, simply ignore them and send messages to your contacts to also ignore messages from such people because they are thieves.
Block their numbers on your phone, and if they call with another number, end the call right away and block the number.
At one point, they will get tired and stop calling.
Remember, do not pay them any money because they are thieves.
Good morning,am glad I found this,I boworred money but I lost my phone before the date,I lost their app,but l have their account number,which I paid some amount,told them to hold on for me but they wouldn’t do that rather they kept adding interest on a daliy bases,and is not good,I sent message to them telling them to remove the daliy interest and give me discount but they refuse,I want to pay off the capital money gradually,now my question is can they have access to my computer in my new phone and new line,bc they are sending wasap messages to me using the formal line in my lost phone,bc they number I used was my wasap number
Can they access my contacts in my new phone through the wasap number which is in the phone I lost,
Should I change the wasp number until I pay off, would they still have access if change the number
First, no financial institution, be it bank or non-bank, will put the daily interest on hold if you didn’t repay the loan.
Second, as long as the app is not installed on your new phone, they will not have access to your new contacts.
Third, you agreed to their terms, including their daily interest. I advise you to repay everything you owe unless you don’t care or they were not transparent during loan disbursement.
Please what can I do, I get a loan am not yet paid because of challenges I face but now the overdue charges have 4x the amount I borrowed. What can I do
What do you want me to tell you?
Not to repay the loan and ignore them?
You agreed to their terms and conditions, so you need to repay the loan.
I don’t advise people not to repay loans to them because it’s unethical.