Loan Apps

List of Loan Apps That Call Contacts and Send Messages to Contacts

List of Loan Apps That Call Contacts and Send Messages to Contacts

Loan apps that call your contacts in Nigeria are becoming increasingly popular in the country’s lending market. 

These apps truly offer a convenient way for individuals to access quick loans through their mobile devices, often requiring users to provide contact information of friends or family members as references. 

In this article, a list of loan apps that call contacts and send messages to contacts, you will also know why loan apps request permission to your contacts as a borrower. If you are not a borrower, you are out of this mess. 

But if you are one, then you may have to explore this article till the end. The article also includes what you can do to stop them from accessing your contact list. Now, let’s see the list of loan apps that call contacts and send messages to contacts in 2023.

List of Loan Apps That Call Contacts and Send Messages to Contacts

List of Loan Apps That Call Contacts and Send Messages to Contacts
List of Loan Apps That Call Contacts and Send Messages to Contacts

Here is the list of loan apps that call contacts and send messages to contacts in 2023:

LCredit

LCredit is a notable player in the Nigerian lending market, offering users the convenience of quick loans. 

However, it’s crucial for you to be aware that LCredit may call your contacts during the loan application process. 

This contact is usually made to verify your identity and assess your creditworthiness.

Xcredit

Xcredit is another popular loan app in Nigeria that may access your contact list. They do so to connect users with potential lenders and may contact your references for this purpose. 

While this can expedite the loan process, it’s crucial to be mindful of your privacy.

PalmCredit

PalmCredit offers hassle-free loans to Nigerians. 

One common practice with this app is accessing your contact list. 

This is primarily done to confirm the accuracy of the information you provided during the loan application process.

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Nkash

Nkash, like other loan apps, calls your contacts for various reasons. This often includes reporting loan terms violations or promoting its lending services to your acquaintances.

While it’s a means of ensuring responsible borrowing, users should be aware of this practice.

That aside, if you refuse to make your loan repayment on time, this loan app may begin to call or message people in your contacts list.

ForNaira

ForNaira may require a guarantor for your loan, and to get started with your loan offer, they may contact your contacts to seek their consent. 

This is part of their process to ensure the repayment of loans.

GoCash

GoCash is known for its quick and easy loan approvals. 

However, it may access your contact list to verify your identity and assess your creditworthiness.

Cashrain

Cashrain, like other loan apps, may contact your references to verify your identity and the details of your loan application.

KashKash

KashKash may use your contact list to promote its lending services and find potential customers. 

This can lead to unsolicited calls to your contacts.

9credit

9credit, a player in the Nigerian lending market, may access your contact information to cross-verify your identity and assess your creditworthiness.

ICoin

ICoin, another loan app in Nigeria, may access your contacts to confirm the information provided during the loan application process. 

This is part of their risk assessment process.

Sokoloan

Sokoloan, a widely used loan app, may call your contacts to promote its lending services and identify potential borrowers.

LionCash

LionCash offers quick loans but may access your contact list to verify your identity and assess your creditworthiness.

CashLion

CashLion may contact your references to confirm the accuracy of your loan application details. 

This is to ensure that you provide truthful information.

Okash

Okash is among the loan apps that may call your contacts for identity verification and credit assessment. 

This is part of their diligence in assessing borrowers.

EasyCredit

EasyCredit is known for its accessibility, but it could reach out to your contacts for various reasons, including identity verification and loan promotion.

Oxloan

Oxloan may use your contact information to confirm your identity and assess your creditworthiness. 

This is part of their risk assessment process.

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Ease Cash

Ease Cash may contact your references to verify your loan application details and promote its services.

Speedy Choice

Speedy Choice, as the name suggests, offers quick loans but may access your contacts to verify your identity and assess your creditworthiness.

FastMoney

FastMoney may call your contacts for identity verification and loan application confirmation.

GetCash

GetCash could reach out to your references for various purposes, including promoting its lending services and seeking potential customers.

9ja Cash

9ja Cash may use your contact list to assess your creditworthiness and confirm your identity.

Softpay

Softpay may contact your references to verify the information provided during your loan application. 

This is part of their risk assessment process.

Rapid Naira

Rapid Naira, while offering quick loans, might access your contacts for identity verification and credit assessment.

Monicredit

Monicredit may call your contacts to promote its lending services and identify potential borrowers.

Ucredit

Ucredit could reach out to your references for various reasons, including identity verification and loan promotion.

Why Do Loan Apps Request Permission To Borrowers Contacts?

Loan apps often request permission to access borrowers’ contacts for a few important reasons, and I’ll break them down for you in a friendly, conversational tone.

Verification of Identity: One of the key reasons loan apps want access to your contacts is to verify that you are who you say you are. 

By checking your contact list, they can confirm the information you provided during the loan application, such as your name and phone number. 

This helps them reduce the risk of fraud and ensures they’re lending to the right person.

Connecting with Potential Lenders: Some loan apps act as intermediaries, connecting borrowers with potential lenders. 

To do this effectively, they may need access to your contacts. 

By analyzing your network, they can match you with lenders who might be more inclined to provide the loan you’re looking for. It’s like finding the best fit for your financial needs.

Assessing Creditworthiness: Your contacts can provide valuable insights into your creditworthiness. 

Loan apps may use the information from your contacts to gauge your financial stability. 

For instance, if you have friends or family members who are financially responsible and reliable, it could positively impact your chances of getting approved for a loan.

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Contact in Case of Default: In some cases, loan apps may use your contacts as a backup plan. 

If you happen to default on your loan, they might reach out to your contacts to try and recover the funds. 

It’s a way for them to mitigate their risks and ensure they have a way to reach you or someone close to you in case of payment issues.

How to Prevent Loan Apps From Calling Contacts and Sending Messages to Contacts

In my previous article, I have provided full details on how to stop or prevent loan apps from calling a contact, you can access them here.

FAQs On List of Loan Apps That Call Contacts and Send Messages to Contacts

Here are some helpful frequently asked questions related to the List of Loan Apps That Call Contacts and Send Messages to Contacts with answers:

Can loan apps send messages to contacts?

Yes, some loan apps have the capability to send messages to your contacts, usually for purposes like promoting their services or seeking references.

Does Fairmoney send messages to your contacts? 

No, Fairmoney does not typically send messages to your contacts.

Does Okash send messages to contacts? 

Yes, Okash is one of the loan apps that may send messages to your contacts, especially for promotional or verification purposes.

Can a loan app have access to all my contacts?

Yes, when you grant a loan app permission to access your contacts, it can potentially access all the contacts stored on your device.

Does Palmcredit call your contacts? 

Yes, Palmcredit is one of the loan apps that may call your contacts, primarily for purposes like verifying your identity or assessing your creditworthiness.

Do uninstalling loan apps access your contacts?

No, uninstalling a loan app from your device should revoke its access to your contacts. 

However, any information that the app may have already collected may still be retained by the app’s servers or databases. 

To ensure complete data removal, you can contact the app’s customer support or review their data retention policy.

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