Have you been thinking of taking an instant loan from Haloo Credit? If yes, I'll advise you not to try that unless you're ready to be scammed.

Fraudsters are now engineering different scamming techniques to defraud innocent people and I'm very sure they have found a new way to steal from people.

Different lending companies are starting their business in Nigeria and the CBN has been quiet regarding the regulation of these businesses. Most of these companies are imposing exorbitant charges or interest on their loans. These activities have remained unchecked and we're seeing more of these frauds going on every day.

How will a loan company charge over 30% interest for a loan of 7 days, isn't that stealing?. In today's article, I'll be discussing Haloo Credit and the reason why I believe the company is operated by fraudsters or yahoo boys in Nigeria.

Read Complete Article

https://www.deloanspot.com.ng/2021/11/haloo-credit-or-hcredit-is-scam-lending.html

They are not forcing you to opt for their loan...

Una nor dey tire for dis forum sef?!
Everyday they keep discovering new loan shark apps.

The loan sharks are becoming too much now. I think CBN has no standard or requirement needed to become a money lender. People now find it easy to install app and website scripts for lending then use them for fraud.
How will someone start a lending business without a verifiable address or CAC registration?

Well I know nothing about this loan app or credit but I liked knowing about it before hand. I have come across content about it on PleaseLoans but I never really read any. It was informative to come to this site actually.