FairMoney Loan Harassment; What You Should Do

One of the worst complaints that users give about most loan apps in Nigeria today is the harassment some of them give to their customers when they do not pay their loan on time. This has been a serious issue which even the Nigeria Government has taken interest in, where they have on several occasions banned some loan apps because of the harassment they give customers.

We cannot say if Fairmoney is one of those loan apps that harass their customers, but in case there’s any way you have faced or are currently facing harassment from Fairmoney, we are going to guide you in this article on what you should do.

What is Loan Harassment?

Loan harassment is when a loan platform starts calling their customers or the contacts of their customers, threatening them about a loan which their customers took and has not been paid off. In some cases, they may even go as far as sending messages to the contacts of the customers, telling them that the borrower is a criminal and is holding their money.

Though anybody that takes a loan is expected to pay back, the approach some of these loan platforms follow is a total harassment and a bridge in people’s privacy. 

However, no loan platform will harass you if you actually pay your loan on or before the agreed due date. This is why we always advise that before taking a loan, you should be sure that there is a means of paying back on or before the due date. But on some occasions, things may go sour and one may not meet up with paying up the loan as expected. 

What You Should Do if You Are Facing FairMoney Loan Harassment

FairMoney Loan Harassment

Before you take any loan from any loan platform, make sure there is a means you have to pay the loan on or before the due date. However, sometimes things may not go as expected. In this case, facing harassment from loan apps can throw one into depression.

Though we cannot say if Fairmoney does harass their customers, but in any way you face any form of harassment from the platform, you can simply report the loan app. There are some ways through which you can report loan apps for harassment, it could be to regulatory bodies, media houses, or Playstore, etc. 

  • Report to Regulatory Bodies: there are Government bodies that oversee the actions of these loan platforms. Some of them are the Central Bank of Nigeria (CBN),  the Federal Competition and Consumer Protection Commission (FCCPC) and the National Information and Technology Development Agency (NITDA). You can report to any of them and save yourself from depression.
  • Report to Law Enforcement: You can also report to the Police about what you are facing with the loan platform, since the police may be closer to you and more accessible.
  • Report to Media House: You Can also report to big media houses like Newspapers, they may decide to make publications about the issues you are facing and the Government will take it up from there.
  • Report the to Play Store or App Store: You can also report the Google play store or App store and the app may be removed from the platform.

How to Stop Fairmoney From Calling My Contacts

These online loan apps in Nigeria are able to see your phone contacts because you gave them such access. This means that if you don’t give them access to your phone contacts, they won’t be able to see and download your contacts. If you have given them such access, you can remove it from the app settings on your phone.

  • Go to Settings on your phone..
  • Go to Apps or Apps & Notifications
  • Select the loanapp 
  • Tap on Permissions.
  • Then disable any permission related to contacts.

Does Fairmoney Call Contacts

Fairmoney may not call your contacts if you pay your loan on or before the dues date. However, they may call you when your loan has reached the due date. But if your loan has passed the due date and the grace period, they may take another action. This is why it’s always good to be sure of a means of paying back before taking a loan from any loan platform.


While we cannot say if Fairmoney harasses their customers, if in any way you face any form of harassment from Fairmoney, you can simply report them to authority. You can also deny them access to your phone contacts so that they won’t be able to see and call your contacts. However, whenever you take a loan, it’s good to find a way to pay it back because no loan platform can harass you if you pay your loan on time.

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