How to Close, Delete or Deactivate your Fairmoney Account Easily

FairMoney is a mobile banking application that offers financial services primarily in emerging markets, especially in Nigeria.

It allowed users to apply for loans directly from their smartphones. The loan application process was quick and easy, usually requiring users to provide some personal information, identification documents, and bank account details with the exception of collateral. 

The app also provided other features such as bill payment services, airtime top-ups, and access to financial education resources. 

Users could also track their loan repayment schedule, view transaction history, and manage their accounts through the app. This article is primarily written to show you how to close, delete or deactivate your fairmoney account easily in 2023.

Before looking into how to close, delete or deactivate your fairmoney account easily in 2023, let’s see some benefits users may enjoy from using FairMoney.

Benefits Of Choosing FairMoney Loan App

Choosing the FairMoney loan app offers several benefits for individuals and small businesses. Here are some potential advantages:

Quick and Convenient

FairMoney provides an online platform that allows users to apply for loans directly from their smartphones. 

The application process is usually fast and straightforward, enabling users to access funds quickly without the need for extensive paperwork or visiting a physical location.

Instant Approval

As far as I’m concerned with evidence, FairMoney gives loans to eligible borrrowers making it one of the loan apps that offers instant approval in Nigeria.

Accessibility 

The FairMoney app is designed to be user-friendly and accessible to a wide range of individuals. 

It can be downloaded and used on most smartphones, making it convenient for people who may not have access to traditional banking services.

Transparent Terms

 FairMoney has always been striving to ensure they provide transparent loan terms and conditions, ensuring that users understand the interest rates, repayment schedules, and fees associated with their loans. 

This transparency allows borrowers to make informed decisions.

Credit Building

Regular and timely repayment of FairMoney loans can help users build a positive credit history. 

This can be beneficial for individuals who may not have a well established credit profile or who want to improve their creditworthiness.

Additional Services

 In addition to loans, FairMoney also offer other financial services such as savings, investment, bill payments, airtime top-ups, and access to financial education resources. 

These features can provide convenience and support for users’ financial management needs.

Now let’s get going into learning how to close, delete or deactivate your fairmoney account easily.

How to Close, Delete or Deactivate your Fairmoney Account Easily in 2023

Here’s the needed procesess on how to close, delete or deactivate your fairmoney account easily:

Contact FairMoney Support

Similarly to closing Renmoney account, you would need to contact and explain your ordeals regarding account closure to their customer representative.

To get in touch with the fairmoney customer representative, kindly send an email to help@fairmoney.in requesting for account deletion.

FairMoney has specified that account closure can be done via email, compose an email stating your request to close, delete, or deactivate your account. Include your account details, such as your registered email address or phone number, to help them identify your account. Be clear and concise in your request.

Follow Instructions

Wait for a response from FairMoney’s customer support team. 

They will likely provide instructions on how to proceed with closing, deleting, or deactivating your account. 

Follow their guidance and complete any necessary steps as provided.

Await Confirmation

After submitting your request, wait for confirmation from FairMoney that your account has been closed, deleted, or deactivated. 

They may provide you with a confirmation email or notification once the process is complete.

That’s all on how to close, delete or deactivate your fairmoney account easily.

How To Reactivate Your FairMoney account

To reactivate your FairMoney account, you will need to contact FairMoney’s customer support directly via their email address provided earlier in this article and your account will be reactivated upon request.

FAQs On How to Close, Delete or Deactivate your Fairmoney Account Easily

Below are some frequently asked questions on How to Close, Delete or Deactivate your Fairmoney Account Easily with their respective answers:

What happens if you don’t pay FairMoney?

If you don’t pay FairMoney, it may have negative consequences, including but not limited to:

Late Payment Fees: FairMoney may charge late payment fees or penalties for missed or delayed payments.

Negative Impact on Credit Score: Non-payment or late payment of FairMoney loans may negatively impact your credit score, making it more difficult to obtain credit in the future.

Legal Actions: In severe cases of non-payment, FairMoney may take legal actions to recover the outstanding amount. This could include engaging collection agencies or pursuing legal remedies.

It is crucial to read and understand the terms and conditions of the loan agreement with FairMoney to be aware of the consequences of non-payment.

Can FairMoney deduct money from my bank account?

FairMoney may have authorization from borrowers to automatically deduct loan repayments from their bank accounts on agreed-upon due dates. 

This authorization is provided during the loan application process when linking your bank account with FairMoney.

Which bank owns FairMoney?

FairMoney is an independent financial technology (fintech) company, and it is not owned by any specific bank. 

It operates as a digital lending platform providing loans and other financial services.

How do I contact FairMoney customer care?

To contact FairMoney customer care, you can try the following methods:

Official Website: Visit FairMoney’s official website and look for a “Contact” or “Support” section. They provide a contact form and email address for customer inquiries.

In-App Support: If you have the FairMoney app installed, there may be an option to access customer support or submit a query within the app.

Social Media: FairMoney might have active social media accounts where you can reach out for support or send direct messages.

Phone: If available, you can try to find a customer care phone number provided by FairMoney and contact them directly for assistance.