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

Read all about what happens if you don’t pay fairmoney loan.

Fairmoney is a fintech company that offers loans for personal and business use. You can get up to 3 million naira as loan within a period of 24 months depending on your credit history.

To get a loan in fairmoney, all you have to do is download the app on your phone, install it and register by providing the required details like your phone number and Bank verification number.

After registering, you will need to answer a few questions, and you will be given a loan in just under 5 minutes.

If you are asking the question “what happens if I don’t pay my fairmoney loan?”, I will answer you in this post.

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…

Read my post on Fairmoney loan app

About Fairmoney loan?

Fairmoney is a fintech company that offers loans for personal and business use. You can get up to 3 million naira as loan within a period of 24 months depending on your credit history.

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

We have seen stories of several loan apps who harass people who fail to pay by sending them threatening messages and also spreading false rumors about them to their friends and families.

Fairmoney fortunately don’t do that, but that doesn’t mean that failure to pay will have no repercussions.

Failure to pay back your loan and fairmoney will report you to the credit bureau. You might think this is not a big deal, but it really is.

When you are reported to the credit bureau, you will have problems accessing loans in the future, since your credit history has been tainted.

The smart thing to do is never to take a loan, if you know that you will be unable to pay back in the agreed period of time, so as to avoid this.

Fairmoney customer contact

You can contact fairmoney via the following channels:

Email: help@fairmoney.ng

Conclusion

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