STOP LOAN RECOVERY AGENT HARASSMENT: YOUR SIGNATURE CAN MAKE A DIFFERENCE. I’M WRITING TO YOU TODAY TO RAISE AWARENESS ABOUT THE DANGERS OF LOAN SHARKS AND TO URGE YOU TO JOIN ME IN THE FIGHT AGAINST THEM

STOP LOAN RECOVERY AGENT HARASSMENT: YOUR SIGNATURE CAN MAKE A DIFFERENCE. I’m WRITING TO YOU TODAY TO RAISE AWARENESS ABOUT THE DANGERS OF LOAN SHARKS AND TO URGE YOU TO JOIN ME IN THE FIGHT AGAINST THEM 

Stop Loan Recovery Agent Harassment: Your Signature Can Make a Difference. I’m writing to you today to raise awareness about the dangers of loan sharks and to urge you to join me in the fight against them.

Loan sharks are unscrupulous lenders who prey on vulnerable individuals and trap them in a cycle of debt that can be impossible to escape. They often charge exorbitant interest rates and fees, and use threats and intimidation to keep their victims under their control. This predatory behavior is unacceptable and must be stopped. 

By signing this petition, you can show your support for stricter regulations on loan sharks and the lending industry as a whole. We need to hold these lenders accountable for their actions and protect consumers from their harmful practices.  Help Stop All These Loan Apps that Scam People With unnecessary charges and Threat Massage. Let’s get to 100!

Are you facing a harassment call from Loan Recovery Agent?

At 10,000 signatures, this petition is more likely to get a reaction from the decision-maker! I hope you all doing well. As we are facing a severe economic recession in Nigeria. Day by day Mobile Instant Loan App organizations pressurizes you for Loan repayment.

Are you facing threatening Emails, Messages, and voice calls? Not to worry anymore.FCCPC has permitted petition signing

List of Mobile Loan Application Apps

Ymoney-VeryCritical- (Involved in Data Hijacking, Abusing calls to reference, Vulgar Talks with customer’s partner, Should get banned)

Ease Cash- Low (Under Review, Not under FCCPC Guidelines)

Some Money- High (Female staff abusing customers, Blackmailing, and data breaching)

Some money - High - (Threatening customers, Data Hijacking, Misusing of customer data) 

Ease Cash - High and Critical (Involved in Data Hijacking-Should be Banned)

Cashbus - High and Critical ( Involved in Data Hijacking - Forging Government document for recovery of the loan amount )

HiFunds - High ( Multiple Threatening over emails and messages )

Joy cash - High (Multiple Call and threat messages)

Ease Cash - High (Threatened for payment and Fake commitments)

HiFunds - Medium (Charging High penalty per day).

 SomeMoney - High - (Involved in Social Abusing by Loan Recovery Agent.

SomeMoney - High - (Pressurizing customer to pay the partial amount for extension) Ymoney - High - (Under Review)

Please note: Many more applications will be added here with the public interest.

Know your Rights!

Mobile Loan Application doesn’t have any rights to blackmail you in this recession period. LPThey do not have any right to misuse your contact details, Government IDs like voter cards, or TM cards. If they are threatening you, Please lodge a police complaint against the recovery team.

If they Threaten you with your data. That is completely against Information Technology Law.

Know the rule:

You, as a debtor, have certain rights. Knowing those rights will help you handle a recovery agent.

Identity: You can ask the recovery agents to show their identity cards issued by the bank or under the authority of the bank.

Privacy: You have a right to privacy. The recovery agent cannot discuss the debt with another person. So don’t panic if he threatens to tell neighbors or co-workers about your debt. If he does so, you can file a complaint against him with the bank.

Time: The recovery agent should contact you between 7 am and 7 pm. However, if your working hours or work shift does not permit this, you may be contacted beyond this time limit.

Calls: You can choose the place and time for receiving recovery calls. You can also request them to not call you at a particular place or time. For instance, if you don’t want to receive calls at work, specify the same to the agent or the bank. Keep in mind, they will respect your request only till they feel you are not avoiding them.

Decency: The recovery agent has to talk to you in a decent and civilized manner. No abusive language should be used. Also, the written communication sent by the banks or NBFC should be easy to understand.

Data Threat: The recovery agent does not have any rights to access or misuse your data. If they threaten you with your data.

That is against to Information Technology Act, Section 66: Protection against data theft has been provided under this section. This section imposes the penalty of imprisonment of up to 3 years or a fine of up to 50000 or both on the person who commits the crime of data theft.

 disclosure of information, knowingly and intentionally, without the consent of the person concerned and in breach of the lawful contract has been also made punishable with imprisonment for a term extending to three years and a fine extended.

Investigation: If you file a complaint against a recovery agent, the bank needs to investigate the matter. This makes recovery agents accountable for their collection practice.

Inappropriate occasions: If there is a death in your family or any such event, you can tell the agent not to call you or make visits for a few days.

Records: Banks document the content of conversations between customers and agents along with the time and number of calls. Banks also need to keep all copies of communications sent to customers. Disputes: If you face any dispute or differences regarding dues, seek the assistance of the lender.

If you think the agent is not following any of the above mentioned rules, you should sign a petition here. Let us know about your experience. We promise we decided to take legal action against those above-mentioned companies. If you feel you are one of them, You are facing threat messages, Calls, Data-Hijacking. You are most welcome to sign this petition.

Save people from criminals. We need your support. Because your smile is important to us. Confidence!