Over the week, a friend and I had a conversation about loans and loan apps and she shared a bitter experience of how she was unable to write a very important exam because the money meant for payment of fees to qualify for that exam was deducted by a certain loan app that she collected money from a while ago. Who will you really blame? My friend for not paying up as at when due or the loan app for not notifying her before the deduction.
Well if you ask me I will say the fault is from your friend for have delayed the payment on till that time the loan app deducting it from h/her app. It could be that the loan app may have tried several times to let her pat off her outstanding Dept but all to no avail. One thing I know for sure, is that loan app don't just remove money from app anyhow. Maybe your friend should be properly asked because for loan app to have deducted that money, it means that the money has been overdued and perhaps many warning signal has been given to her before that.
In all, I advice that we should try to avoid any business with loan apps as they seem to be very numerous these days and are easily accessible. Most importantly, You should know that you are at the danger of developing a habit of borrowing from them if you patronise loan apps even for the smallest amount.
Actually loan app was meant to serve as a rescue resources when we are out of emergency fund, but it's obvious that some people misused the opportunity. But I will like to say that anyone taking loan should take loan for a more reasonable thing and pay on time and avoid being embarrassed by loan app and blaming them for ones misfortune.