YesCredit

YesCredit - Loan Shark Review
Interest Rate 47%
Duration 7 days
Access Level Public
Company Name YES CREDIT COMPANY LIMITED
Phone 1 09131038044
Phone 2
Website or Store https://yescreditng.com/
Address No. 11b Phase 2 Plaza, Beside FCMB Jakanda 1st Gate, Lekki-Epe Expressway, Lagos, Nigeria.
Category Dangerous Loan
Company Email support@yescreditng.com
Views 2,557

FAQ

Can I still pay them if they defame me?

Once a loan app has defamed you — by sharing your information, contacting your friends, or posting false claims — they have violated your privacy and broken the law. At that point, the agreement between you and them is already compromised.

You should report them to the FCCPC, CBN, and NDIC or any agencies in your country instead of paying. Paying them after such illegal behavior only encourages their abuse and gives them more power to exploit others.

Can loan apps post my pictures on social media?

You should not worry about loan apps threatening to post your picture on social media. If you check their accounts, you’ll notice most of them have fewer than 100 followers. This means they are mainly circulating your picture among themselves just to instill fear in you. Never pay a dime if any loan app posts your picture online; they are actually the ones owing you, not the other way around. Instead, report the account to the appropriate social media platform, and it will likely be closed down.

Can they auto-debit my account?

If you linked (bound) your ATM card during registration with a loan app, they can automatically debit your account. To prevent this, you should go to your bank, block the card, and request a new one.

For fully licensed Microfinance Banks that may use the Global Standing Instruction (GSI) or place a lien on your account, the safest option is to move your money to another bank account that has never been registered with loan apps. This will stop them from debiting your funds.

Can they come to my house or office to arrest me?

99% of loan apps cannot come to your house or office because most of them operate illegally and have no legal right to pursue you physically. Only fully licensed and approved Microfinance Banks with a registered office address and reputation as a legitimate financial institution can pay you a friendly visit, but never to arrest you.

Borrowing is a civil matter, not a criminal case. That means you cannot be arrested simply because you owe money. If any licensed microfinance bank tries to harass or threaten you, please contact us immediately—we will take the right steps to deal with them.

As for loan apps, they cannot legally come to your house or office to arrest you.

Can this loan app defame me?

Yes and No, a loan app can defame you, but it usually depends on where you downloaded the app from and what permissions you gave it.

  1. If you downloaded the app outside the Play Store or App Store (for example, from a direct link or third-party site), it’s very likely the app will misuse your information. Many of those apps are not properly regulated.
  2. How they access your contacts:
  • Loan apps need Contact permission to copy your phone contacts.
  • They also sometimes request Call log permission, which allows them to see your dialed, received, and missed calls—but not your full contact list.
  1. If you used the app before 2023:
  • Before 2023, many loan apps could freely access contacts because the rules were not strict.
  • From 2023 onward, Google Play Store and Apple App Store introduced policies that restrict apps from accessing contacts and call logs unless it’s absolutely necessary.



Can this Loan App Hack my Account

An app itself can’t magically “hack” your bank account, but a malicious loan app can steal your data or enable attacks that give criminals access — so treat them as potentially dangerous. Never download apps outside Play Store or App Store

Can you categorize this Loan Apps as a good loan apps?

Any loan app that charges above 7% per month and does not allow repayment to be spread across 3 to 6 months is a criminal organization. Stay away from them—they will ruin you financially

Do I need to Generate Disclaimer for this Loan App

You only need to generate a disclaimer if the loan apps have access to your contacts or if they are not licensed. To know whether a loan app is likely to defame you, check the permissions it has on your device. If it has access to your contacts or call logs, and it is not a licensed or approved agency such as the Central Bank, then you need to send a disclaimer.

Do you suggest I fight back against this loan app if they send abusive messages?

Yes — fight back. They prey on fear; pressure and exposure make predatory loan apps back down. Upload all their messages and evidence to our platform immediately — we are working to sue them. They’ll often flee once they’re documented and reported.

Explain How Credit Bureau Works


How a malicious loan app can compromise your details

Phishing / social engineering: tricking you into giving OTPs, passwords, or BVN details.

Permission abuse: access to SMS, contacts, call logs, or accessibility services can let an app read OTPs or intercept communications.

Fake login pages/overlay attacks: an app may show a fraudulent screen that captures your bank credentials.

Malware/keyloggers: Some apps can record taps or keystrokes if they get high-level permissions.

Linking to compromised websites: clicking links can download malware or steal details.

Never share OTPs, BVN, or passwords with anyone.

Don’t grant Accessibility or SMS-read permissions to untrusted apps.

Install apps only from official stores and check reviews/permissions.

How do I get rid of their daily messages and calls?

To stop their frequent calls, you can install Truecaller, upgrade to Premium, and use the Block Spam Calls feature. This will automatically filter out most unwanted numbers. (Check the video below for step-by-step details.)

For WhatsApp calls and messages, fight back smartly: never listen to their voice notes or read their messages. Instead, use the response strategy in the link below to reply safely. When you push back confidently, scammers usually give up and flee.


https://loansharkreview.com/MessageTemplate



I received several emails from loan apps claiming to be from the court and other agencies. What should I do?

Most of the emails you receive from loan apps are fake and meant to scare you. What you should do is verify the authenticity of the message — check if it is truly coming from a genuine government or legal agency. If the email is not from an official source, simply ignore it or reply that they are impersonating an authority and that their account has been reported to the appropriate body.

No loan app can sue you in court because most of them operate in clear violation of existing financial and data protection laws. And if any of them attempts such action, our legal team is fully prepared to represent you. In the past seven years, not a single loan app has successfully taken any borrower to court.

They sent a message to me that they will block my BVN. Is it possible?

Loan apps do not have the authority or technical access to block your BVN. Only the Central Bank of Nigeria (CBN) or your bank can restrict or blacklist a BVN, and that only happens in cases involving serious fraud or court orders.

Any loan app threatening to block your BVN is simply trying to intimidate you. It’s a scare tactic, not a legitimate action

Will this loan apps report me to the Credit Bureau?

In most cases, 90% of loan apps cannot report you to the Credit Bureau. This is because many of them are not licensed financial institutions or they charge exorbitant interest rates that violate government policies.

However, fully licensed and approved microfinance banks can report you to the Credit Bureau. Even when they do, they usually report only the actual amount you borrowed and the original agreed interest — not the inflated charges or penalties. If you notice incorrect information in your credit report, you have the right to contest it with the Credit Bureau and request correction.

About YesCredit

YesCredit: 

 

Introduction:

 

YesCredit is a premier loan app company that specializes in providing safe and reliable online loans in Nigeria. We understand the financial challenges individuals face in their daily lives, and we aim to offer a seamless and convenient borrowing experience to meet their needs. With our competitive interest rates and commitment to excellent customer service, YesCredit is here to empower Nigerians with instant financial solutions.

 

Interest Rate:

 

At YesCredit, we believe in fair and transparent lending practices. Our interest rates are competitive and designed to align with industry standards. We understand the importance of affordability and ensure that our customers have a clear understanding of the interest rates and associated loan terms before making a decision.

 

Company Profile:

 

YesCredit is a trusted and reputable loan app company operating in Nigeria. We have built a strong reputation for our dedication to customer satisfaction and secure lending services. With our user-friendly interface and innovative features, we strive to make the borrowing process quick, efficient, and hassle-free.

 

About Us:

 

At YesCredit, we are committed to providing financial solutions that empower individuals and help them achieve their goals. Our team of experts combines years of experience in finance and technology to deliver a seamless borrowing experience. We have developed a state-of-the-art mobile application that enables our customers to apply for loans conveniently, anytime, anywhere.

 

Company Services:

 

YesCredit offers a wide range of loan services to cater to the diverse financial needs of our customers. Whether you require a personal loan for unexpected expenses, education fees, or business capital, our platform is designed to provide quick access to funds. With our instant loan approvals and efficient disbursement process, we ensure that you receive the funds you need when you need them.

 

Our Mission:

 

Our mission at YesCredit is to revolutionize the lending landscape in Nigeria by providing safe, reliable, and accessible loans to individuals. We aim to bridge the financial gap and empower our customers with instant funds, enabling them to seize opportunities, overcome challenges, and achieve financial stability.

 

Our Vision:

 

Our vision is to be the leading loan app company in Nigeria, recognized for our commitment to customer satisfaction, innovation, and ethical lending practices. We aspire to create a positive impact on the lives of individuals and contribute to the financial well-being of the Nigerian community.

 

Our Core Values:

 

Excellent Customer Service: We prioritize the needs of our customers and are dedicated to delivering exceptional service. Our customer support team is available to assist with any queries or concerns, ensuring a smooth borrowing experience.

 

Cooperative Partner: We believe in building strong relationships with our customers based on trust and transparency. We work closely with our borrowers, understanding their unique circumstances, and providing tailored loan solutions.

 

Ease of Use: We have designed our mobile app to be user-friendly, ensuring a seamless and convenient borrowing process. Our intuitive interface allows customers to apply for loans, monitor their repayment schedules, and access support easily.

 

Security: At YesCredit, we prioritize the security and confidentiality of our customers' personal and financial information. We employ advanced encryption technology and strict data protection protocols to safeguard their privacy.

 

Instant Loans: We understand the urgency of financial needs and provide instant loan approvals. Our streamlined application process ensures quick decisions, enabling customers to receive funds directly into their accounts within a short time frame.

 

Conclusion:

 

YesCredit is committed to providing safe and reliable online loans in Nigeria. With our competitive interest rates, excellent customer service, and dedication to security, we strive to be the preferred choice for individuals seeking quick and convenient financing solutions. Install the YesCredit app today and experience the future of lending in Nigeria.

Reviews
  • User loan Review

    Not bad Although high interest

    • 6/26/2023
  • User loan Review

    This loan app is not reliable at all, i av been trying to add my bank card for a week nw nd it is nt even connecting... Nowhere to even apply for a loan.....

    • 6/24/2023
  • User loan Review

    Can't bind my card. When I try, I get an error message saying selfie is invalid. I've uploaded several different selfies and still get the same message, not that I can see what my selfie has to do with binding my card anyways

    • 6/18/2023
  • User loan Review

    Do not download this virus

    • 6/17/2023
  • User loan Review

    Am trying to add my bank card and account umber, it's writing invalid selfish,

    • 6/14/2023
  • User loan Review

    Can't get verification code 

    • 6/14/2023
  • User loan Review

    Absolutely confusions. God go punish Una wey get this app enternity for deception. You can't understand it not to talk about operating it. It kept on taking you backward

    • 6/10/2023
  • User loan Review

    At the point of wanting the amount i wanted, it started misbehaving and showing me error to contact customer support.

    • 6/7/2023
  • User loan Review

    This very terrible app and can't be able to login again you have collect all my datas why that?

    • 6/3/2023
  • User loan Review

    De are a scam,block your card

    • 5/30/2023
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Quick Updates
Lesson 10: Why You should Generate Your Own Disclaimer

Lesson 8: How Loan App Agents are Scamming people on Facebook Groups

Lesson 13: How Loan Apps Operate