How to Prevent Loan Applications from Accessing Your Contacts

Loan applications have been quite beneficial to many Nigerians, particularly during these difficult economic times. However, there have been reports of lending applications accessing people's contact lists and sending insulting messages to them. When consumers fail to return their debts on time.

It may be exceedingly frustrating since they ruin the defaulter's image. It is preferable if the app loan notifies the credit bureau of the defaulter.

According to the legislation on credit and loans. No lender should harass any user who fails to return a loan. The lender's only legal recourse is to report your name and contact information to a credit bureau. However, this legal procedure indicates that the defaulter is no longer eligible for loans and is not permitted to leave the country.

Please keep in mind that we are not pushing anyone to take out a loan with no expectation of payback. If at all possible, avoid taking out a loan, but if you must, always have a repayment plan in place.

This post will explain how to prevent loan applications from accessing your contacts.

Check out my post on how to find out whether my BVN has been banned.

How the Loan App Gains Access to Your Contacts

When you borrow money via a lending app, your contact is typically utilized as your loan repayment guarantee. When you initially download a lending app on your phone, the app will ask for specific permissions from your phone after installation. These rights include access to your location, contacts, camera, and messages, among other things.

However, after your loan has been approved, you should go to your phone and disable these rights. The reason for this is that most loan officers use the app to get the defaulter's phone number if the authorization is still enabled.

Although they may threaten to send messages to your contact, if you have disabled the permission, they will be unable to do so.

Nonetheless, when they are unable to contact you after you have failed on repayment. You may receive third-party connections to other lending applications where you may apply for more loans. This is a ploy to encourage you to follow up on your loan application. Once you enable the new loan app access to your phone, they will be able to get your contact information.

How to Prevent Loan Apps from Accessing Your Contacts

For Android users

• Go to your phone's settings.

• Select applications and notifications.

• Look for the loan app and choose it.

• Select permission.

• Turn off your contact, camera, location, and microphone permissions.

For the iPhone

• Go to your phone's settings.

• Scroll down until you reach the loan application.

• Disable the authorization.

You may read

Can a lending app disable my BVN?

Only the Central Bank of Nigeria has the authority to ban your BVN. Although the lending app occasionally threatens to disable your BVN, they lack such authority.

Can the lending app file a lawsuit?

The lending app may send your name and contact information to a credit bureau. If a defaulter is reported to a credit agency, they will be unable to get loans or travel outside of the nation.

Which lending app in Nigeria provides the largest loan amount instantly?

Nigeria's top five fast loan apps

• Branch loan application

• App for fair money loans

• Palm credit loan application

• Aella fast loan app

• Migo loan application

Can I go to jail in Nigeria for failing to repay an internet loan?

Failure to repay debt may result in legal action. Loan defaulting, on the other hand, is a civil offense, thus you cannot go to jail for it.

How to Prevent Loan Apps from Accessing Your Contacts

The simplest approach to prevent the loan app from obtaining your contact information is to not take out a loan from them. If you need a loan for an emergency, make sure to pay it back by the due date.

Conclusion

Thank you for taking the time to read this article. I hope you learned a lot about how to prevent loan applications from accessing your contacts.

How to Prevent Loan Applications from Accessing Your Contacts