Does palmcredit call contacts or send messages to contact list when Default?


Can palmcredit call my contacts when I default in payment? I have always wanted to clear the air on this question but I will be using this medium to find a solution to this because it is very important in this era when loan issues are flooding the internet.

This was the question on palmcredit was sent to me through the social media and I can tell you that online loan apps have dealt with people in many ways and we have similar situation on ground talking about loan app but we will be using this medium to update and provide answer to few loan apps that call contacts and those that doesn’t call contacts.

Palmcredit is a loan app that was seen as legit and registered loan app that are free to use, they offer fast disbursement and palmcredit don’t really give problem but their palmcredit interest is quite on the high side. I once used palmcredit, got their loan then and all they claim was true when it come to getting a loan with smoothness and quick payment.

Can palmcredit call my contacts if I default in Payment? The truth is that for the time I used palmcredit, I have never heard palmcredit call my contacts or call people’s contact list to report about a loan default but now I don’t use palmcredit anymore but instill heard people saying they now call contact list which I don’t think is true.


Palmcredit haven’t call my contacts that I took a loan and not pay back. But what I see is that when you keep to your promise of prompt repayment of palmcredit loan, your palmcredit rating with them increases which is good for you so as to get more loan from palmcredit.


Palmcredit is one of the recommended loan app for Android and iphone users and I also palmcredit is a registered online loan company with good services and what I know as at the time I was using palmcredit was that palmcredit won’t call your contacts as a defaulter but palmcredit will just set an auto reminder for you that calls you alone most time to keep reminding you of your loan.

If you are new and you want to seek loan from palmcredit, obtaining a loan from palmcredit not that hard but cool, you need to register using your phone to register at first, then you get a code to confirm your phone number or email, then you update your profile and check loan calculation loan with quick disbursement into your account. Some people get their palmcredit loan denied maybe because they didn’t grant access to location, phone, storage, contacts, sms etc.

Can palmcredit block my bvn? This is one of the other questions we need to as ourselves, and after my research on palmcredit mode of operation, I see that palmcredit can’t block bvn for any reason because they don’t own the bank. Even if you didn’t pay the loan on the due date palmcredit can’t still block your BVN simply because they are not a bank yet.

I think we need to let people know that most of the loan app will always say they will block your BVN but the truth is that they cant. Only your bank where the account was opened or the Central Bank can block your bvn and not palmcredit or any other loan app.

Some loan recovery agent of some loan àpp believe that people will get scared and fall when you heard the app can block your bvn if payment is nt made in 24hrs, if any loan app tells you this then they are scam, not registered because they don’t have access to your bvn although they may have your bank details or payment details.

Does palmcredit send messages to contact list after due date?

I don’t think palmcredit do send messages to contact list after due date of repayment of loan. I got to know that some other loan app offer terrible method of recovering loan like sending messages to contact list Incase you didn’t make the due date while some loan apps will keep sending messages to contacts to friends and family, colleagues, staffs ate work etc.

Palmcredit loan app will not send messages to phone contact list or Whatsapp contact list with picture of yourself, your address, your phone number while they tell people that you once work with them, you defrauded them and on the run with company’s money. We have a lot of these phone apps you need to do away with.

Can palmcredit block my account? If we want to go by the way other loan app do their thing like loan recovery, it’s very worrisome with so much lies that they can block your account, report your details to credit bureau all which are false.  Palmcredit loan recovery agent can’t block your account and they will only tell you to pay on time but can’t  block your bank account.

Sometimes ago, palmcredit was in charge of Easybuy where people get a phone and pay in installments monthly but I don’t know if they are still in charge of easy buy now

The truth on palmcredit: Let me tell you the truth about palmcredit, plamcredit is reliable and legit but they made be aggressive when it comes to recovery of loan but they aren’t going to call your contacts or send messages to your contact list.

They don’t offer 7 to 14days loan repayment method which makes them legit and registered and if you look at reviews online, they are mentioned among the best loan app after mentioning fairmoney, Branch and carbon. But when I hear some people say palmcredit decided to call their contacts or send message to contacts, then they don’t do that I can tell. They offer one month loan repayment type and their customer care is cool.

In conclusion, all we have discussed is not just for saying sake but I have borrowed money from palmcredit and paid. I think I am in a position to tell you few things about palmcredit. I told you that palmcredit is a legitimate and reliable online loan app which is fast in payment and doesn’t call your contact list and also palmcredit don’t send messages to contact list or Whatsapp contacts like other other loan app that won’t let your contact or friends and family rest. So, we give palmcredit a good rating as a good loan app that does not call or send messages to contacts list.


3 thoughts on “Does palmcredit call contacts or send messages to contact list when Default?”

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  2. All these loan app issue, I support the basic 4 which are Branch, Carbon, Paylater and Palmcredit although I haven't used palmcredit. I think I will like to go for no borrowing when I know fully well that I can't pay

  3. This loan issue is not good at all if not for the state of the economy that is very bad. Palmcredit have been having some report these days on calls and claiming they can block bvn. It's seems they are just like other loan apps

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