Does FairMoney Really Call Your Contacts?
This is one question many people always ask, especially if they are owing FairMoney. Let me clear the air — FairMoney is not supposed to call your contacts. In fact, as per the rules set by the Federal Government of Nigeria and the Google Play Store policy, no loan app is allowed to call or embarrass your contacts. If they do, my brother or sister, don’t keep quiet — report them straight to FCCPC.
FCCPC (that’s the Federal Competition and Consumer Protection Commission) is the body that fights for customers’ rights in Nigeria. Their job is to protect people like you and me from all those loan apps that like to harass or embarrass borrowers.
So to be clear, FairMoney doesn’t call contacts anymore. But please, this is not licence to owe anyhow o! If you don’t pay your loan, they can still take legal steps — and in some cases, their recovery agents can visit your house. Especially if you’re living in Lagos or other big cities. And if they come, make sure you ask for proper ID or arrest warrant before following anybody.
Why You Should Consider Early Repayment on FairMoney
Let me just tell you, paying off your loan early is a smart move. Apart from the peace of mind, you can get up to 5% discount on interest, and FairMoney will trust you more for bigger loans next time — plus longer time to pay back. Sweet deal, abi?
If you pay early, you can also apply again immediately for another loan without wahala. And paying back is very easy — you can use bank transfer, USSD, or your debit card. Whether you want to do it manually or you prefer automatic debit, the option is there.
How to Delete Your FairMoney Account the Right Way
So you want to close your account? No wahala, but hear this first: you must clear every single kobo you’re owing and withdraw your remaining balance to zero. If you have any debt or money left in your wallet, forget it — they won’t close it for you.
Here’s the step-by-step:
Send them an email — Write to help@fairmoney.ng. Your subject should be “Account Deletion Request”. Don’t forget to include your registered phone number or email in the message.
They will verify you — Be ready to provide things like your NIN or BVN, just to confirm you’re the rightful owner of the account.
Follow their instructions — Whatever they tell you to do, just do it as they say.
Wait for confirmation — When everything is done, they’ll send you a message to confirm your account has been deleted.
But I say it again — no debt, no problem. Make sure you pay what you owe first before starting the process.