Loan Apps

What to do when Loans Apps Send Messages to Your Contacts and Still Threaten You and Them

What to do when Loans Apps Send Messages to Your Contacts and Still Threaten You and Them

Many loan apps have offered individuals convenient access to financial assistance. These apps promise quick loans with minimal documentation, making them an attractive option for those in urgent need of funds. 

However, a concerning trend has emerged where some of these loan apps resort to unethical and even illegal practices, such as sending messages to your contacts and issuing threats. 

In this write-up, I will show you What to do when Loans Apps Send Messages to Your Contacts and Still Threaten You and Them.

Without the need for taking much of your time, let’s delve into the main topic (What to do when Loans Apps Send Messages to Your Contacts and Still Threaten You and Them) now.

What to do when Loans Apps Send Messages to Your Contacts and Still Threaten You and Them

What to do when Loans Apps Send Messages to Your Contacts and Still Threaten You and Them
What to do when Loans Apps Send Messages to Your Contacts and Still Threaten You and Them

Here is what you need to do when loan apps send messages to your contacts and still threaten you and people in your contact list:

Understand Your Rights and the Law

The first step in dealing with loan apps that engage in harassing practices is to understand your rights as a borrower. 

In Nigeria, there are laws and regulations that protect consumers from abusive debt collection practices. 

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Research the relevant laws in your jurisdiction to know what actions are prohibited.

Review the Loan Agreement

Take the time to carefully review the loan agreement you signed with the app. 

Pay close attention to the terms and conditions, especially those related to communication and debt collection. Ensure that the app is not violating any of these terms.

Document the Harassment

If you are receiving messages or threats from the loan app or its representatives, document each instance. 

This includes saving text messages, recording phone calls (where legally permissible), and taking screenshots. Having a record of their actions will be crucial if you decide to take legal action.

Contact the Loan App

Reach out to the loan app’s customer support or helpline to address the issue. Calmly explain your concerns and request that they stop sending messages to your contacts and refrain from making threats. Be sure to document this communication as well.

Report the App

If the loan app continues its harassment despite your attempts to resolve the issue, consider reporting them to the appropriate regulatory authorities in your region. 

Read: What to do After Having Too Many Debts with Online Loan Apps and Couldn’t Pay Back

This step can help protect not only yourself but also others who may fall victim to similar practices.

Protect Your Contacts

Inform your contacts about the situation and advise them not to engage with the loan app or its representatives. 

Warn them about potential risks associated with such apps and encourage them to be cautious.

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Consider Loan Consolidation

If you are struggling with multiple loans from different apps, consider consolidating your debts through a legitimate financial institution. 

This can help you pay off the high-interest loans and avoid dealing with predatory loan apps.

Practice Financial Wellness

In the long term, it’s essential to practice good financial management. Create a budget, save, and plan for emergencies to reduce your reliance on loan apps that may resort to unethical practices.

FAQs On What to do when Loans Apps Send Messages to Your Contacts and Still Threaten You and Them

Here are some helpful frequently asked questions related to What to do when Loans Apps Send Messages to Your Contacts and Still Threaten You and Them with their respective answers:

How to deal with loan app harassment in Nigeria?

Dealing with loan app harassment in Nigeria involves several steps:

Document the harassment.

Contact the loan app’s customer support to request a stop.

Report the app to regulatory authorities if the harassment persists.

Seek legal advice if necessary to protect your rights.

How to stop loan shark harassment?

To stop loan shark harassment:

Contact the police and report the harassment.

  • Cut off all communication with the loan shark.
  • Seek legal assistance to handle any outstanding debts.
  • Consider debt consolidation to manage your finances better.

How does the loan app access your contacts?

Loan apps usually request access to your contacts during the installation process. They may claim it’s for verification purposes or to find potential references. Be cautious and only grant such access to trusted apps.

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Can loan apps access my gallery?

Generally, loan apps should not access your gallery without your explicit permission. 

Always review the permissions requested during app installation and grant access only if it’s necessary for the app’s functionality.

How do I stop an app from accessing my contacts?

To prevent an app from accessing your contacts:

  • Go to your phone’s settings.
  • Find “Apps” or “Application Manager.”
  • Select the app in question.
  • Navigate to “Permissions.”
  • Disable the permission to access contacts.

How do I block a loan app from my contacts?

To block a loan app from your contacts:

  • Go to your phone’s settings.
  • Find “Apps.”
  • Select the loan app.
  • Navigate to “Permissions.”
  • Disable the permission to access contacts.

Also, you can set up a contact group called “Do Not Answer” and assign loan app numbers to it. 

Then, configure your phone to send calls from this group directly to voicemail or block them altogether, depending on your phone’s capabilities.

Conclusion

Dealing with loan apps that send messages to your contacts and threaten you and them can be distressing, but it’s essential to take action to protect your rights and the rights of your contacts. 

However, by understanding the law, documenting harassment, and seeking assistance when needed, you can navigate this challenging situation and work towards a resolution that safeguards your financial well-being. 

Additionally, always exercise caution when considering loan apps, and opt for reputable financial institutions whenever possible to avoid falling into such predicaments.

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