If you're using more than one loan app, say PalmPay for airtime, FairMoney for bills, and maybe Branch for a quick emergency, you’re not alone. Many Nigerians today are juggling multiple digital loans. And while these apps have made access to money faster and easier, managing all of them at once can get stressful fast.
One late repayment. One forgotten due date. One too many deductions you didn’t see coming.
Before you know it, you’re thinking, “How did I even get here?”
First of all, breathe. You’re not the only one
This is more common than you think. The truth is, digital loans are helpful. They’ve stepped in where banks often don’t. But if you’re starting to feel overwhelmed, it doesn’t mean you’re bad with money. It just means you need a better system to track what you owe.
Step One: Write it down
Yes, just write it down.
It may sound simple, but this is the most important first step. Don’t try to keep it all in your head. That’s what creates stress and confusion.
Here’s what to note:
- The name of the app (for example Carbon, Okash, FairMoney)
- How much you borrowed
- The interest rate if you know it
- Your repayment date
- Any penalties if you miss the date
You can write this in a notebook, on your phone’s Notes app, or even in a WhatsApp chat to yourself.
Once you see it all in one place, it becomes easier to think clearly. You’ll notice things like:
- Which loan is due first
- Which one is costing you the most in interest
- Whether you're borrowing more than your monthly income
And that clarity is powerful.
Step Two: Make a basic repayment plan
Now that you can see everything, the next move is to decide which loans to pay off first. A good rule is:
- Start with the smallest loan or the one with the earliest due date
- If one loan has a high daily interest or late fee, try to clear it first
This doesn't need to be perfect. Just take it one loan at a time.
Step Three: Let Credwize help you stay on track
If you’re tired of managing this all manually, Credwize is built to make your life easier.
Instead of downloading another app, Credwize works right on WhatsApp. You chat with it like you would with a friend. It helps you:
- List and track all your current loans
- Remind you before repayments are due
- See how your borrowing is affecting your credit
- Even set auto repayments if you want
You don’t have to figure it all out by yourself.
Finally,
If your loan situation feels out of hand, start small. Start by writing everything down. Don’t guess, get clear.Once you’ve done that, you’re not stuck. You’re in control. And Credwize is here to help you stay that way. Join our waitlist today
