Many years ago, the most common place to get a loan is the traditional banks. Today, loan apps have made borrowing money easier. The downside is that this convenience comes with some disadvantages when you are unable to pay back as an when due.
Imagine this: You’re already stressed about repaying a loan, and now your phone buzzes nonstop with calls, texts, and even threats. Unfortunately, this is the reality for many borrowers.
Some loan apps have taken things a step further, resorting to illegal practices like public shaming and home visit threats. Let’s be clear—these actions cross the line. Stories of aggressive debt collection methods like that have left many borrowers asking, “Can a loan app come to my house?”
Can Loan Apps Visit Your House?
No. Loan apps are not legally allowed to send agents to your house. Debt collection in Nigeria is governed by strict regulations that must be adhered to by all loan apps.
If anyone does show up claiming to represent a loan app, do not be intimidated as it’s most likely an illegal act. Legitimate debt recovery relies on communication—calls, texts, or emails—not intimidation.
What Should You Do If Someone Shows Up?
Someone knocking on your door for money can be downright terrifying. If this ever happens, here’s how to handle it:
- Don’t Open the Door: Safety first! Confirm their identity through the door or a window.
- Call for Backup: Get neighbors, friends, or family involved. It’s better to have support.
- Demand Proof: Ask for identification and check if they represent a licensed agency.
- Report the Incident: Contact the Federal Competition and Consumer Protection Commission (FCCPC) through their website immediately.
How to Report Loan App Harassment
If you’re dealing with excessive calls, threats, or illegal home visits, file a complaint with the FCCPC:
- Visit the official website at fccpc.gov.ng.
- Go to the “Complaints” section and fill out the e-complaint form.
- Include details about the loan app, harassment, and evidence like screenshots or recordings.
This step ensures the authorities take action against unethical loan apps.
Protect Yourself from Loan App Harassment
To avoid getting caught in this mess, follow these tips:
- Revoke App Permissions: Don’t let loan apps access your contacts or data.
- Verify Before Borrowing: Stick to reputable apps. See top 20 reputable loan apps you can borrow from
- Avoid Loan Sharks: Illegal apps are often the worst offenders when it comes to harassment.
Final Thoughts
Can a loan app come to your house? Legally, no. But that doesn’t mean they won’t try underhanded methods to pressure you. Knowing your rights is your first line of defense. If you ever feel harassed, take action—report them, protect yourself, and stand your ground.
Debt recovery shouldn’t feel like a warzone. You deserve respect and fair treatment, even when you owe money. Don’t let anyone bully you into thinking otherwise.
