FG Delists 37 Illegal Loan Apps - Politics

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FG Delists 37 Illegal Loan Apps - Politics - Nairaland

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FG Delists 37 Illegal Loan Apps by adenigga(m): 4:52am On Sep 12, 2023

The number of delisted loan apps rose from nine to 37, according to the Federal Competition and Consumer Protection Commission’s new report.

The number of fully approved loan apps also grew to 164 from 154 as of its last updates obtained by The PUNCH from its website on Monday. The number of loan apps with conditional approval declined to 38 from 40, and the number of apps on the commission’s watchlist grew to 56 from 20.

This followied a sustained shakeup of the digital money lending space by the FCCPC, after harassment of Nigerians by the lenders.

According to the commission, delisted loan apps were permanently deleted by Google from Play Store.

It stated that the list of delisted apps included, “Swiftkash App, Hen Credit Loan App, Cash Door App, Joy Cash-Loan Up To 1,000,000 App, Eaglecash App, Luckyloan Personal Loan App, Getloan App, Easeloan Apps, Naira Naija, Cashlawn App, Easynaira App, Crediting App, Yoyi App, Nut Loan App, Cashpal App, Nairaeasy Gist Loan App, Camelloan App, Nairaloan App, Moneytreefinance Made Easy App

“Cashme App, Secucash App, Creditbox App, Cashmama App, Crimson Credit App, Galaxy Credit App, Ease Cash App, Xcredit, Imoney, Naira Naija, Imoneyplus-Instant, Nairanaija-Instant, Nownowmoney, Naija Cash, Eagle Cash, Firstnell App, Flypay, and Spark Credit.”

Source: https://punchng.com/FG-delists-37-illegal-loan-apps

18 Likes 4 Shares

Re: FG Delists 37 Illegal Loan Apps by izuch(m): 4:57am On Sep 12, 2023

Half of them might even be owned by one person, they shut these ones down and in the next 2 months he opens another 50. undecided

191 Likes 9 Shares

Re: FG Delists 37 Illegal Loan Apps by Nobody: 5:14am On Sep 12, 2023

Very good development.

10 Likes 1 Share

Re: FG Delists 37 Illegal Loan Apps by dapsoneh: 5:14am On Sep 12, 2023

Better

5 Likes

Re: FG Delists 37 Illegal Loan Apps by Nobody: 5:14am On Sep 12, 2023

They are always deleting but those apps are springing back under different names.

83 Likes 3 Shares

Re: FG Delists 37 Illegal Loan Apps by donleo92(m): 5:15am On Sep 12, 2023

I have a question concerning this loan app. let's say you owe them a specific sum, and the app happens to be delisted... what happens to those owing them?

33 Likes 1 Share

Re: FG Delists 37 Illegal Loan Apps by apache4: 5:16am On Sep 12, 2023

Good news for debtors

5 Likes

Re: FG Delists 37 Illegal Loan Apps by Femich18(m): 5:16am On Sep 12, 2023

Government need to do more aside delisting these apps before Chinese people turn our people into something else.
Borrowing from these apps is just like jumping from frying pan to fire. If your mind no strong you fit commit suicide

67 Likes 4 Shares

Re: FG Delists 37 Illegal Loan Apps by BoldBrainz(m): 5:18am On Sep 12, 2023

I fvcked up! Should have gotten that 50K loan from Joy Cash when they were literally begging me to take it.

48 Likes 2 Shares

Re: FG Delists 37 Illegal Loan Apps by Babaflenjor: 5:18am On Sep 12, 2023

Re: FG Delists 37 Illegal Loan Apps by BoldBrainz(m): 5:19am On Sep 12, 2023

donleo92:
I have a question concerning this loan app. let's say you owe them a specific sum, and the app happens to be delisted... what happens to those owing them?

They resurface in the forms of new loan apps, move their database to the new platform, then resume harassing you to repay their suffocating loans.

135 Likes 6 Shares

Re: FG Delists 37 Illegal Loan Apps by nautybride: 5:21am On Sep 12, 2023

. Scam spamming Scam

Re: FG Delists 37 Illegal Loan Apps by Chatham1: 5:26am On Sep 12, 2023

donleo92:
I have a question concerning this loan app. let's say you owe them a specific sum, and the app happens to be delisted... what happens to those owing them?

. But are you owing any of the deleted loan app ?

5 Likes 1 Share

Re: FG Delists 37 Illegal Loan Apps by helinues: 5:27am On Sep 12, 2023

Better

If you want to live long without having unnecessary hypertension, stay away from loans.

Cut your cloth according to your fitting. We waste money on irrelevant things while neglecting the important basic things.

Food for example, it's kinda cheap compared to other jargons things we spend money on but for us to afford decent meals dey always do us somehow.

140 Likes 6 Shares

Re: FG Delists 37 Illegal Loan Apps by bluefilm: 5:28am On Sep 12, 2023

Okash why?

5 Likes

Re: FG Delists 37 Illegal Loan Apps by charsoso: 5:31am On Sep 12, 2023

Femich18:
Government need to do more aside delisting these apps before Chinese people turn our people into something else.
Borrowing from these apps is just like jumping from frying pan to fire. If your mind no stong you fit commit suicide

I personally know someone that committed suicide because of one of these loan apps. It's not a joke

22 Likes

Re: FG Delists 37 Illegal Loan Apps by donleo92(m): 5:35am On Sep 12, 2023

Chatham1:
. But are you owing any of the deleted loan app ?

I don't owe.....

and I detest borrowing, I prefer to make do with what I have.

1 Like 1 Share

Re: FG Delists 37 Illegal Loan Apps by Femich18(m): 5:36am On Sep 12, 2023

charsoso:

I personally know someone that committed suicide because of one of these loan apps. It's not a joke

Wow. I have only heard of it. That's too bad. Those loan app calls ehen. I reject their snares for my enemy

5 Likes

Re: FG Delists 37 Illegal Loan Apps by donleo92(m): 5:36am On Sep 12, 2023

BoldBrainz:

They resurface in the forms of new loan apps, move their database to the new platform, then resume harassing you to repay their suffocating loans.

Thanks for the information.

1 Like

Re: FG Delists 37 Illegal Loan Apps by Ladymillion(f): 5:38am On Sep 12, 2023

donleo92:
I have a question concerning this loan app. let's say you owe them a specific sum, and the app happens to be delisted... what happens to those owing them?

they have your BVN no which ensures you repay the amount borrowed

Re: FG Delists 37 Illegal Loan Apps by ozo13(m): 5:45am On Sep 12, 2023

izuch:
Half of them might even be owned by one person.

u know their modus operandi.like it is just too difficult to do the proper thing by people in this our country

Re: FG Delists 37 Illegal Loan Apps by Majesty7: 5:48am On Sep 12, 2023

donleo92:
I have a question concerning this loan app. let's say you owe them a specific sum, and the app happens to be delisted... what happens to those owing them?

You don't have to repay an illegal entity. Being delisted means they are illegal. Forget about them.

Even if they are approved by FCCPC doesn't even mean they are legal. It just means that they have vow not to harass their customers. They still need license from CBN to become an approved lending agency or if they are only operating in s state, needs the license of such state to operate. So, they are still illegal business even if approved by FCCPC.

Now, to be delisted by FCCPC even means that are not even worthy at all to talk to or be in your phone. Uninstall them and move on.

26 Likes 1 Share

Re: FG Delists 37 Illegal Loan Apps by Psady(m): 5:50am On Sep 12, 2023

By mere hearing the names of this loan apps delisted you had know it's all trash,they are probably owned and managed by a struggling individual who needs quick way to double it's capital.

10 Likes

Re: FG Delists 37 Illegal Loan Apps by FirstCounsel(m): 5:55am On Sep 12, 2023

Nut Loan app"...
What a name cheesy

9 Likes

Re: FG Delists 37 Illegal Loan Apps by lokotamak(m): 5:56am On Sep 12, 2023

Sokoloan

1 Like

Re: FG Delists 37 Illegal Loan Apps by 96ACE: 5:58am On Sep 12, 2023

Majesty7:

You don't have to repay an illegal entity. Being delisted means there are illegal. Forget about them

But their harassment and blackmail is not something a sane person would want to contend with useless you sef like to shalaye

3 Likes

Re: FG Delists 37 Illegal Loan Apps by stormborn28(m): 6:00am On Sep 12, 2023

BoldBrainz:

They resurface in the forms of new loan apps, move their database to the new platform, then resume harassing you to repay their suffocating loans.

O goodness me

Re: FG Delists 37 Illegal Loan Apps by aikyg(m): 6:00am On Sep 12, 2023

donleo92:
I have a question concerning this loan app. let's say you owe them a specific sum, and the app happens to be delisted... what happens to those owing them?

Oga go and pay your money. The fact fact that the were delisted does not mean they cannot recover the money they loaned out to people.

3 Likes

Re: FG Delists 37 Illegal Loan Apps by BoldBrainz(m): 6:07am On Sep 12, 2023

stormborn28:

O goodness me

You never see anything😅! Come and run from your financial obligations let us see. Except you dispose the Sim card you used for the registration, in which case they'll call even your church pastor for their money.

5 Likes

Re: FG Delists 37 Illegal Loan Apps by Kaiser20: 6:07am On Sep 12, 2023

charsoso:

I personally know someone that committed suicide because of one of these loan apps. It's not a joke

Nigerians are very stubborn people, Remove your mind from the Loan App una say no, pay back your loan, una say No!
Before You borrow money, you've already planned to scam the company why?

5 Likes

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