Why You Should Not Collect Loan Online No Matter What

Many people are have been collecting loans online without knowing the risk of it.

Now that things are getting tougher due to coronavirus pandemic, scammers have find a way of making money by scamming people with these methods.

The number of people who collect loans online have increased to 53%.







Before you collect an online loan, the first thing is require of you is your bank verification number (BVN), why, because your BVN stands as your own guarantor in case you fail to pay the loan, they will deduct their money from your bank account automatically.

BVN is very powerful that with only your BVN, someone can use it to do anything on your bank account.

Now that the number of people who collect loan online have increased due covid-19 effect, scammers are using the opportunity to gain access into people's bank account by using these tactics below.






What these guys are using now is that, they are creating a photocopy of online loan app. what i mean by photocopy is that they will create app that look exactly like the online app you are using, they will name it the same name with the online loan app and then go to the original online loan app and copy all the information there and put it in their own fake app to make it look real.

So, after they have done that, anyone that download the app thinking it's original one, after you have sign up or log in and filled all your information with the hope of getting a loan not knowing it is a trap, this guys will then backup your data so that even if you log out or delete your account with them, they may still wound you using your BVN.






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Another method is that they will create a copy of log in that look exactly like the original loan app you are using and then send you a message with a link that look exactly like the original loan app telling you that you have an issue in your account and you should log in to the app to solve your problem and once you log in using that link that they sent to you then they will see your password and username and then use it to log in to your account and steal your BVN and other information they needed to scam you.

What you should DO is that, stop collecting loans online because that loan app you are giving your BVN to, you don't know if the app is the original one or fake one from scammers.

Don't ever click any link anytime you receive a message from someone telling you that you have won an iPhone or any prize.

Don't ever give your BVN to anyone who ask of it online.