NewStats: 3,261,468 , 8,174,108 topics. Date: Thursday, 29 May 2025 at 11:19 AM 17292r

Hello everyone, please I need help and guidance on this whole issue with Palmcredit loan app. I will provide as much information as possible. I will be grateful if it can be taken to front page for maximum exposure and help.

Sometimes, last year around April 2023, my phone was stolen by a one chance korope bus. The phone was a major tool for my office work, so I had to get another about three days later. I was not expecting to spend on phone but the lost of my phone made me bought a phone in one of the slot shop where there was EASYBUY ....I paid 30% and allowed to pay instalmental payments for 4 months. I had no issue paying back the loan as I was in a paid employment. I paid back as and when due.

Little did I know that EASYBUY is same as PALMCREDIT, the name of the company is NEWEDGE FINANCE LIMITED but they have different loan apps that they manage.

I assumed that EASYBUY gave my data to Palmcredit which I have also used before. They started calling me to take loans. I believe the calls ware due to my prompt payment for the phone I bought without defaulting in the instalmental payments.

Fast forward, in late October 2023, I was no longer in a paid employment as I had resigned from the company I work for. I needed a small amount of money to complete a payment so I ed PALMCREDIT LOAN APP, they already have my information, I'm sure it was given to them by EASYBUY, their sisters company where I bought a phone. In the loan app of Palmcredit, there was a pop up that showed I qualified for N78,000 - N200,000 loan.

This is quite above the average loan given to Nigerians. Note, I was not employed at this time. So the first question was, what did I need the loan for? I chose Business.....

Immediately, I received a pop up message which stated congratulations your loan of N200,000 is on its way.

I was shocked. I have not indicated how much loan I wanted, I have not checked the interest rate and I have not check the time to repay and the loan was disbursed to one of my old that I had used the last time I used the app about two years ago or so.

Immediately, the loan was disbursed to my , the app went BLANK. Nothing was clicking, NO information about repayment nor interest rate. (I made a screen record of this)

After about 1 hour, the update came that the repayment is 3 months (28 days interval) and that with the N200,000, I would payback 303,000.

How could I pay back 303K for a loan I didn't even request for. I am not stupid to collect a loan of 200K in this economy and pay back 303K....that's over 50% .

This PALMCREDIT pushed their loan on me...now I'm struggling to payback....and for each ing day...they are increasing the loan balance for me.

This is a daylight robbery, I didn't request for N200,000.

I even asked their loan collector where their office is, whether I should visit them....she refused to tell me.

I am being blamed for keeping their money when they sent it to me....that I should have sent it back to them?

But as soon as they send it, their app went blank and I could not reach their customer service representative.

I did a little research and I realized that this loan app intentionally gives loan to some people without them requesting for such amount, because they know they have good records.

Please I need your advice. I have paid back the money sent to me but they are disturbing me to pay the full loan with interest.

How can I give free 100K to loan app when I didn't even use the loan for my personal gain.

Please I need professional advice

Some people are looking for such loans and will repay within the time frame.

Owing isn't a crime
Accept the reality and pay back when you can.

go change your ATM card and throw that sim away

1TrippleCee:
Some people are looking for such loans and will repay within the time frame.

use your head please. Is he part of the people looking for such loans ? I wonder why some of you are so insensitive and talk carelessly especially when people are facing problems.

Op, I suggest you get any Central Bank of Nigeria and send them a detailed complaint, I'm sure they'll take it up. You can also involve the consumer protection council and alternative dispute resolution department of any high court in your state of residence. I'm not an expert in these things but there's no harm in trying your luck

urbobo20:
go change your ATM card and throw that sim away

Best advice..

1TrippleCee:
Some people are looking for such loans and will repay within the time frame.

What kind of low risk genuine business gives 50% profit within 3 months

MASTAkiLLAh:
use your head please. Is he part of the people looking for such loans ? I wonder why some of you are so insensitive and talk carelessly especially when people are facing problems.

Op, I suggest you get any Central Bank of Nigeria and send them a detailed complaint, I'm sure they'll take it up. You can also involve the consumer protection council and alternative dispute resolution department of any high court in your state of residence. I'm not an expert in these things but there's no harm in trying your luck

Thanks for your advice. I will consider it

1TrippleCee:
Some people are looking for such loans and will repay within the time frame.

He is not some people. He is an individual not in need of such a loan.

Imagine the kind of response vomit from your brain.

Rayymond:
Hello everyone, please I need help and guidance on this whole issue with Palmcredit loan app. I will provide as much information as possible. I will be grateful if it can be taken to front page for maximum exposure and help.

Sometimes, last year around April 2023, my phone was stolen by a one chance korope bus. The phone was a major tool for my office work, so I had to get another about three days later. I was not expecting to spend on phone but the lost of my phone made me bought a phone in one of the slot shop where there was EASYBUY ....I paid 30% and allowed to pay instalmental payments for 4 months. I had no issue paying back the loan as I was in a paid employment. I paid back as and when due.

Little did I know that EASYBUY is same as PALMCREDIT, the name of the company is NEWEDGE FINANCE LIMITED but they have different loan apps that they manage.

I assumed that EASYBUY gave my data to Palmcredit which I have also used before. They started calling me to take loans. I believe the calls ware due to my prompt payment for the phone I bought without defaulting in the instalmental payments.

Fast forward, in late October 2023, I was no longer in a paid employment as I had resigned from the company I work for. I needed a small amount of money to complete a payment so I ed PALMCREDIT LOAN APP, they already have my information, I'm sure it was given to them by EASYBUY, their sisters company where I bought a phone. In the loan app of Palmcredit, there was a pop up that showed I qualified for N78,000 - N200,000 loan.

This is quite above the average loan given to Nigerians. Note, I was not employed at this time. So the first question was, what did I need the loan for? I chose Business.....

Immediately, I received a pop up message which stated congratulations your loan of N200,000 is on its way.

I was shocked. I have not indicated how much loan I wanted, I have not checked the interest rate and I have not check the time to repay and the loan was disbursed to one of my old that I had used the last time I used the app about two years ago or so.

Immediately, the loan was disbursed to my , the app went BLANK. Nothing was clicking, NO information about repayment nor interest rate. (I made a screen record of this)

After about 1 hour, the update came that the repayment is 3 months (28 days interval) and that with the N200,000, I would payback 303,000.

How could I pay back 303K for a loan I didn't even request for. I am not stupid to collect a loan of 200K in this economy and pay back 303K....that's over 50% .

This PALMCREDIT pushed their loan on me...now I'm struggling to payback....and for each ing day...they are increasing the loan balance for me.

This is a daylight robbery, I didn't request for N200,000.

I even asked their loan collector where their office is, whether I should visit them....she refused to tell me.

I am being blamed for keeping their money when they sent it to me....that I should have sent it back to them?

But as soon as they send it, their app went blank and I could not reach their customer service representative.

I did a little research and I realized that this loan app intentionally gives loan to some people without them requesting for such amount, because they know they have good records.

Please I need your advice. I have paid back the money sent to me but they are disturbing me to pay the full loan with interest.

How can I give free 100K to loan app when I didn't even use the loan for my personal gain.

Please I need professional advice

Do not pay back that money....they did the same to me back in 2022...i tried all i could to reach back to them immediately, all efforts proved abortive and they started ing me a week before the due date with over 50% interest. I cursed the lady that called me with anger and reported them to CBN and consumer protection agency.
Till date, they stopped calling me. I am sure either CBN or the consumer protection council get back to them and they chickened out.

How on Earth couldyou ask for over 50% interest on a loan you forced on peolpe?

@ OP if u allowed them to harrass u and u paid...shame on you.

Ignore them if you pushed the money back to them immediately.

They'll keep increasing it bro, I have repaid 200k for a loan of 50k before, they add 1200 everyday, the more I keep making deposits to decrease it the crazier they get with the additional intrest, I paid and at the end I paid over 150k intrest for a loan of barely 60k.

dauntless15:
They'll keep increasing it bro, I have repaid 200k for a loan of 50k before, they add 1200 everyday, the more I keep making deposits to decrease it the crazier they get with the additional intrest, I paid and at the end I paid over 150k intrest for a loan of barely 60k.

You Bleep up big time

1. Do everything to pay back the money
Or alternatively
2. Stop paying back anything and let them do their worse.

Me that needs this type is 5k they give me

Rayymond:


What kind of low risk genuine business gives 50% profit within 3 months

he's thier agent, they're everywhere

If u are sure you've paid the 200k, ignore them.

You said you have used the app before but kept insinuating it was the easy buy that gave them your info for them to sell loan service to you, was it easy buy that also gave them your number they credited

MrFourSHIRTS:
1. Do everything to pay back the money
Or alternatively
2. Stop paying back anything and let them do their worse.

no 2

urbobo20:
go change your ATM card and throw that sim away

Smart bro

1TrippleCee:
Some people are looking for such loans and will repay within the time frame.

Shut up, you must be among the creemenals giving people daylight robbery loan.

Don't worry, i have collected and eaten lots of loans from all these company and i have no intention of paying back shishi, just throway your atm card and get a new one that's all.
When they call you on the phone you rain curses on them!

urbobo20:
go change your ATM card and throw that sim away

exactly what I did and experienced peace of mine

EquitableTech:


Do not pay back that money....they did the same to me back in 2022...i tried all i could to reach back to them immediately, all efforts proved abortive and they started ing me a week before the due date with over 50% interest. I cursed the lady that called me with anger and reported them to CBN and consumer protection agency.
Till date, they stopped calling me. I am sure either CBN or the consumer protection council get back to them and they chickened out.

How on Earth couldyou ask for over 50% interest on a loan you forced on peolpe?

@ OP if u allowed them to harrass u and u paid...shame on you.

how did you report to Efcc, cbn and consumer protection council?

Rayymond:
Hello everyone, please I need help and guidance on this whole issue with Palmcredit loan app. I will provide as much information as possible. I will be grateful if it can be taken to front page for maximum exposure and help.

Sometimes, last year around April 2023, my phone was stolen by a one chance korope bus. The phone was a major tool for my office work, so I had to get another about three days later. I was not expecting to spend on phone but the lost of my phone made me bought a phone in one of the slot shop where there was EASYBUY ....I paid 30% and allowed to pay instalmental payments for 4 months. I had no issue paying back the loan as I was in a paid employment. I paid back as and when due.

Little did I know that EASYBUY is same as PALMCREDIT, the name of the company is NEWEDGE FINANCE LIMITED but they have different loan apps that they manage.

I assumed that EASYBUY gave my data to Palmcredit which I have also used before. They started calling me to take loans. I believe the calls ware due to my prompt payment for the phone I bought without defaulting in the instalmental payments.

Fast forward, in late October 2023, I was no longer in a paid employment as I had resigned from the company I work for. I needed a small amount of money to complete a payment so I ed PALMCREDIT LOAN APP, they already have my information, I'm sure it was given to them by EASYBUY, their sisters company where I bought a phone. In the loan app of Palmcredit, there was a pop up that showed I qualified for N78,000 - N200,000 loan.

This is quite above the average loan given to Nigerians. Note, I was not employed at this time. So the first question was, what did I need the loan for? I chose Business.....

Immediately, I received a pop up message which stated congratulations your loan of N200,000 is on its way.

I was shocked. I have not indicated how much loan I wanted, I have not checked the interest rate and I have not check the time to repay and the loan was disbursed to one of my old that I had used the last time I used the app about two years ago or so.

Immediately, the loan was disbursed to my , the app went BLANK. Nothing was clicking, NO information about repayment nor interest rate. (I made a screen record of this)

After about 1 hour, the update came that the repayment is 3 months (28 days interval) and that with the N200,000, I would payback 303,000.

How could I pay back 303K for a loan I didn't even request for. I am not stupid to collect a loan of 200K in this economy and pay back 303K....that's over 50% .

This PALMCREDIT pushed their loan on me...now I'm struggling to payback....and for each ing day...they are increasing the loan balance for me.

This is a daylight robbery, I didn't request for N200,000.

I even asked their loan collector where their office is, whether I should visit them....she refused to tell me.

I am being blamed for keeping their money when they sent it to me....that I should have sent it back to them?

But as soon as they send it, their app went blank and I could not reach their customer service representative.

I did a little research and I realized that this loan app intentionally gives loan to some people without them requesting for such amount, because they know they have good records.

Please I need your advice. I have paid back the money sent to me but they are disturbing me to pay the full loan with interest.

How can I give free 100K to loan app when I didn't even use the loan for my personal gain.

Please I need professional advice

I really think you should have sent back the money immediately, by holding on to it it means you accepted the of the loan.

However, try and see if you can get their customer care email or number and make an official complaint

Did they call your s?


They'll keep increasing it bro, I have repaid 200k for a loan of 50k before, they add 1200 everyday, the more I keep making deposits to decrease it the crazier they get with the additional intrest, I paid and at the end I paid over 150k intrest for a loan of barely 60k.[/quote]

Don’t pay shishi, abandon sim for 4-5months

I'm deleting this app as soon as this is resolved. My son was just playing with this app and loan was granted without authorization and authentication. No loan condition and agreement to at least control such authentication. This is a pushed loan and I do not want it for any reason.
This i guess they pushed on people with credible loan repayment history.
I will be reporting them to regulatory bodies if I have no way of fully liquidate this loan without any interest on me this morning.
Consumer protection and CBN will surely be in copy

1TrippleCee:
Some people are looking for such loans and will repay within the time frame.

Did he tell you he wanted such an amount of loan? Think before you come out in public to show your stupidity. A guy who's out of job is saying that he was wrongly credited and you are blabbing

You would have mail your experience and domain to Federal Competition and Consumer Protection Council screenshot and attach loan details to lenderstaskforce.gov.ng. and copy www.fcc.gov.ng.
Make sure you are you are right with all your evidences.

Op relax jare. Change ya atm card and ignore dem calls.

Na their new business model bdat oh. Send u unauthorized loans and threaten you with embarrassment so u go fear con payback.
All na scam.
Abeg enjjoy urself. Pple no send again

kolaaderin:
I'm deleting this app as soon as this is resolved. My son was just playing with this app and loan was granted without authorization and authentication. No loan condition and agreement to at least control such authentication. This is a pushed loan and I do not want it for any reason.
This i guess they pushed on people with credible loan repayment history.
I will be reporting them to regulatory bodies if I have no way of fully liquidate this loan without any interest on me this morning.
Consumer protection and CBN will surely be in copy

Hello,

How were you finally able to resolve it? They did the same to me..

They refused to take calls or respond to messages..

I was automatically loaned after paying off my loan.