Yeah their operational system is not encouraging....You can hardly see the one that's really solid in borrowing people's money. We now have tons of them on the play store that, you can hardly know which one is real and which one is not. Some of them maybe for phishing, which means we just have be very wary where we in put our personal details.
Bro people that I have heard of only need your BVN with the assistance of some black market tools, your money is gone. Though, I don't support this kind of dastard act but we should be very carefully how we input our BVN on any app. We have so many of those apps on the internet, what's the guarantee that all of them are purely legit. We just have to be wary about that!
It is not possible to use the bvn for hacking attempts and it turns out successful, the bank ready said, but always nice too, to keep it intact and never expose it. Ever since i started following the loan apps I've never heard about the fraudulent ones using the details provided by customers to hacking their accounts, and stealing their hard earned finance.
Seriously, what If those loan apps are scammers that just want to get your BVN for the purpose of scam later. Because if you check play store you can find so many of these apps, and I doubt if the primary purpose behind some of them borrowing money to people are pure. I just have a hunch that some them do it because of the BVN.
Laughs, you should fear for their BVN, and the exposed debit/credit card they used in taking the loan. Cos its vulnerable, the loan company will surely act in an acrimonious fashion by removing more than the user borrowed when the payment is overdue. If one can't take it insults follow through when they find out you aren't ready to repay them back.
Technically, if you check those apps you would see that they have no salvations, only to add to someone's problems, just as you have said. Though, I have seen many people borrowed from those apps but it's against their BVN, which is highly risky. Some even plan on scamming them by using different bank account to receive the cash, but I fear for their BVN eventually.
Seriously, it's even unsafe to borrow from those people because of what they require most times. And I wouldn't want to experience such, where most of families would be called or texted that I borrowed money from someone...Just like your friend experienced. It's better to avoid them than sorry later.
Loan App? Hmm.. I will not try it after have had the experience of a friend if mine that took loan from them despite that their intrest is much yet the frustration is too much.
