Do you think you’re done with Naira loan? Do you want to delete the app from your phone or probably deactivate it?
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In today article, I will walk you through the process on how to delete, close or deactivate your Naira loan account in some minutes. Do well to follow me to the end of the article.
What is Naira loan?
Naira loans have become a popular financial platform for many Nigerians, providing quick and easy access to cash for various needs. They typically offer unsecured personal loans to borrowers within Nigeria and offer quick approval and disbursement of loans, and may require minimal documentation from borrowers.
There are several reasons why you might need to close, delete, or deactivate your Naira loan account. Some common scenario include;
- Financial constraints: If you are experiencing financial difficulties and can no longer afford to repay your loan, closing or deactivating your account can prevent further debt accumulation.
- Completion of loan repayment: Once you have fully repaid your Naira loan, closing your account is a good way to maintain a clean financial record.
- Concerns about account security: If you suspect unauthorized activity on your Naira loan account or have concerns about data privacy, closing or deleting your account can protect your personal information.
Before initiating the account closure process, it is essential to ensure that you have fulfilled all outstanding loan obligations. This includes repaying any remaining loan balance and clearing any accrued interest or fees. Gather any necessary documentation, such as loan statements or repayment records, as this may be required during the closure process.
Steps on How to Close, Delete or Deactivating Your Naira Loan Account
Closing, deleting, or deactivating your Naira Loan account is a straightforward process that can be completed in a few simple steps
Step 1: Settle All Outstanding Debts
Before you can close your Naira Loan account, you must ensure that you have settled all outstanding debts and balances. This includes any remaining loan principal, interest payments, and any late fees or penalties. Once you have cleared all outstanding payments, you can proceed with the account closure process.
Step 2: Contact Naira Loan Customer Support
To initiate the account closure process, you will need to contact Naira Loan customer support. You can reach them through their website, email, or phone number. Provide them with your account details and inform them of your intention to close your account.
Step 3: Provide Necessary Information
Naira Loan customer support will ask you to provide some basic information to verify your identity and account details. This may include your name, email address, phone number, and account number. They may also ask you to provide a reason for closing your account.
Step 4: Confirm Account Closure
Once you have provided all the necessary information, Naira Loan customer support will process your request and confirm your account closure. You may receive a confirmation email or SMS notifying you of the account closure.
In some cases, are alternative options to closing your Naira Loan account entirely. These options include;
- Pausing Payments: If you temporarily need a break from loan repayments, you can consider pausing your payments. This will temporarily halt your repayment schedule and prevent any late fees or penalties.
- Reducing Loan Amount: If you want to reduce your loan amount, you can contact Naira Loan customer service to discuss your options. They may be able to assist in adjusting your loan agreement and reducing your monthly payments.
Conclusion
Thanks for reading to the end of this article. I hope you find this article educative. Now, I have provided you with the tips, and steps you need to close, delete, or deactivate your Naira Loan account.
FAQs
What happens if online loan is not paid?
Failing to repay an online loan can have severe consequences, such as;
- Late fees and penalties: Late payments will incur late fees, and your lender may also charge penalties for non-payment. These additional charges can increase the overall cost of your loan significantly.
- Damage to your credit score: Late payments and defaults are reported to credit bureaus, which can damage your credit score. A poor credit score can make it difficult to borrow money in the future, and it can also lead to higher interest rates on loans you do qualify for.
- Collections: If you consistently miss payments, your lender may turn your account over to a collections agency. Collections agencies can be aggressive in their attempts to collect the debt, and they may contact you multiple times a day or week.
- Legal action: In some cases, lenders may take legal action against borrowers who default on their loans. This could result in a lawsuit, wage garnishment, or even bankruptcy.
- Impact on employment: In some cases, employers may check your credit history as part of the hiring process. A poor credit score due to unpaid loans could make it more difficult to find a job.
Can loan app access my contact after uninstalling the app?
Whether a loan app can access your contacts after uninstalling the app depends on whether you granted the app access to your contacts and whether the app has stored a copy of your contacts on its servers.
If you did not grant the app access to your contacts, then it should not be able to access them after uninstalling the app.
However, if you did grant the app access to your contacts, it is possible that the app has stored a copy of your contacts on its servers. In this case, the app may still be able to access your contacts even after you uninstall it.
How do I stop loan app from calling me?
- Revoke phone permissions: Go to your phone’s settings and find the “Apps” or “Applications” section. Locate the loan app you want to block and tap on it. Then, find the “Permissions” section and revoke the app’s access to your phone number.
- Block the app’s phone number: If the loan app is still calling you, you can block its phone number directly. To do this, open your phone’s call log and find the loan app’s number. Long-press on the number and select the “Block” option.
- Report the app to the authorities: If the loan app is engaging in harassing or threatening behavior, you can report it to the relevant authorities. For instance, if the app is based in the United States, you can report it to the Federal Trade Commission (FTC).
- Consider legal action: In extreme cases, you may need to consider taking legal action against the loan app. This would likely involve consulting with an attorney to determine your options and assess the potential ramifications.
