Scam Loan Apps

Chymall Investment Trading: Facebook Money Doubling Scheme

If you found this, then you’ve probably been scammed or is about to get scammed by a money doubling scheme advertising on Facebook as Chymall Investment Trading platform. I was also scrolling through my Facebook feed when this advert from a Channels TV clone page caught my eye. It was an advert about a money …

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swift loan, phoenix credit, speedy loan

BEWARE: Phoenix Credit, Speedy loan and Swift Loan are a scam

Phoenix Credit, Speedy loan, and Swift Loan are all scam operations under one fintech going by the name Orange valley on Google play store. All these three loan apps operate their scam with the same method as they are owned and operated by the same individuals. Most of the loan apps in Nigeria are unregulated …

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BEWARE: LendMeNow loan advertising on Instagram is a scam

There’s a new lending platform advertising its services on Instagram. LendMeNow is an ATM card phishing scam that should be avoided. Plenty of online loan apps already operate in Nigeria without regulation. Most of them do give loans and charge extortionate interest. Then they coerce their victims by threatening to defame them to their friends …

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How to stop borrowing from loan apps

Borrowing from one loan shark to pay another is the new addiction of most Nigerians. Due to the harsh economic situation in the country, most Nigerians now take online loans not necessarily for business, but just to survive. Loan sharks are unregistered and unregulated financial service providers that usually give short term loans to anyone …

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CashClub Loan App Review: This app is not legit

There is a proliferation of scam loan apps that target unsuspecting borrowers on Google play store. These apps take advantage of the economic situation in Nigeria – most people turn loan apps to meet their immediate financial needs. Unfortunately, scammers are now feeding fat on the little money most of these borrowers have, one of …

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