What happens if I don’t pay my fairmoney loan?

Read all about what happens when you don’t pay fairmoney loan.

Fairmoney loan app allows you to access loans of up to 3 million naira in a few minutes without any paperwork or collateral.

All you have to do is download the app, register, answer a few questions and you will be granted a loan with a reasonable interest rate.

When you get a loan on Fairmoney, you will be given a time frame in which you should pay back the loan.

If you do not repay the loan given to you, there will usually be some actions that will be taken against you.

In this post, I am going to be answering the question “What happens if I don’t pay my fairmoney loan?” and more.

Remember to leave us a comment after you finish reading and also share with your friends on social media.

Let’s get into it then…

Read my post on how to stop loan app harrasment

About Fairmoney?

Fairmoney loan app allows you to access loans of up to 3 million naira in a few minutes without any paperwork or collateral.

All you have to do is download the app, register, answer a few questions and you will be granted a loan with a reasonable interest rate.

What happens if I don’t pay my fairmoney loan?

We have all heard stories of loan apps that send you threatening messages and spread false lies and rumors about you to your friends and families, in a bid to get you to pay back your loan.

Fortunately, fairmoney does not indulge in such illegal and shady business, however when you fail to pay back your fairmoney loan, you will incur additional interests, which means that when you do decide to pay, you will pay a way higher amount than you are initially supposed to.

If you fail to pay back the loan, they will report you to the credit bureau and you will be blacklisted, which will affect your ability to get loans in the future loans.

You should always make sure that you will be able to repay a loan before you take it, to avoid any of the above actions that can be taken against you.

Fairmoney customer care

You can contact fairmoney via the following channels:

Email: help@fairmoney.ng

Conclusion

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