What happens if you don’t pay PalmPay loan?

Read all about what happens if you don’t pay PalmPay loan.

PalmPay is mobile money operator that offers services like money transfer, buying airtime, paying cable bills, paying electricity bills, getting loans and many more.

PalmPay is a legit app that is certified by the central bank of Nigeria to operate and carry out financial services.

On PalmPay, you can get small loans to pay back with interest after a period of time. If you want to know what happens if you don’t pay PalmPay loan, then you need to continue reading.

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Read all about how to deactivate palmpay security plugin

About PalmPay?

PalmPay is mobile money operator that offers services like money transfer, buying airtime, paying cable bills, paying electricity bills, getting loans and many more.

PalmPay is a legit app that is certified by the central bank of Nigeria to operate and carry out financial services.

What happens if you don’t pay PalmPay loan?

We have seen several memes made out of PalmPay officials supposedly harassing and arresting people who have failed their loans. It has almost become a trend on social media for PalmPay officials tracking down loan defaulters and arresting them.

The truth is PalmPay are not in the business of harassing loan defaulters, however, they do take some steps to ensure that you pay back your loan.

For example, they have a security plugin, that prevents you from using your mobile phone, should you fail to pay back your loan.

They also have the option of reporting you to the credit bureau, which will prevent you from getting loans in the future.

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.

PalmPay customer care

If you need more information, you can contact the PalmPay customer care via the following channels:

Phone number: 234 17005700

Email: support@palmpay.co

Twitter: @palmPay

Facebook: https://facebook.com/palmpay

Conclusion

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