You’ve taken a few loans. You’ve missed repayments. Now the calls and messages from loan collectors won’t stop. Maybe you’ve been added to a WhatsApp group. Maybe they’ve even messaged your contacts.
It’s a tough situation, but it’s not the end of your financial story.
First, take a breath. You’re not the only one. Many Nigerians are facing the same thing. What matters now is how you respond, not with panic, but with a plan.
Step 1: Don’t ignore it
It’s tempting to block the calls, delete the app, or avoid opening the messages. But silence won’t solve it. Ignoring loan apps can lead to:
- Higher penalties and interest
- Bad credit reports
- Possible public shaming
Face it directly. That’s how you take back control.
Step 2: Know exactly what you owe
If you’ve borrowed from multiple apps, things can get confusing fast. Write down:
- The name of each loan app
- The original amount borrowed
- The interest and any penalties
- The current balance
- The due dates
Seeing everything in one place helps you think clearly. No more guessing.
Step 3: Contact the lenders
Yes, really. Many digital lenders are more flexible than you think, especially when you show effort.
Call or message their customer service, ask them to:
- Ask for a breakdown of what you owe
- Request an extension or payment plan
- Clarify any unfair charges
Keep it polite and honest. Most lenders just want to see that you’re trying to pay.
Step 4: Prioritize your repayments
If you can’t pay everything at once, pay what you can. Start with:
- Loans with the highest penalties or daily interest
- Loans where collectors are most active
- Small loans you can clear quickly to reduce your stress
Every repayment, no matter how small, counts.
Step 5: Get organized with Credwize
When you’re under pressure, your mind is scattered. That’s where Credwize can help.
Credwize is a free AI assistant that:
- Helps you list and track all your loans in one place
- Sends you gentle reminders before repayment dates
- Gives you a clear picture of your debt and how to tackle it
- Supports auto repayments if you want to avoid forgetting
It won’t judge you. It’s just here to help you clean up the mess step by step.
Final Word
Being in debt is not a failure. Staying stuck without a plan is.
Loan apps are not your enemy. But they must be managed properly. Even if you’re in a bad spot right now, it’s never too late to reset.
Start with clarity. Ask for help. Make a move. And let Credwize walk with you as you get back on track. Join our waitlist today.
