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

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Palmcredit is a loan app in Nigeria that is owned by newedge finance limited, the app offers you loan from 5,000 naira to 300,000 naira without any form of collateral.

To get a loan on this app, all you have to do is download the app, register and provide all the required information and request for a loan.

If you want to know what happens if you don’t pay Palmcredit loan, then you will need to continue reading.

In this post, I am going to be answering the question “What happens if I don’t pay my Palmcredit 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…

About Palmcredit loan app?

Read my post on how to borrow money from PalmPay

Palmcredit is a loan app in Nigeria that is owned by newedge finance limited, the app offers you loan from 5,000 naira to 300,000 naira without any form of collateral.

To get a loan on this app, all you have to do is download the app, register and provide all the required information and request for a loan.

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

We have seen loan apps harass defaulters who fail to pay back their loans by sending defaming messages to all their contacts and even go as far as threatening defaulters.

While there are many Loan apps who involve themselves in such tactics, palmcredit is one of the loan apps that do not.

If you fail to pay back your Palmcredit loan, they will report 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.

Conclusion

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