Credichola Loan App is not a scam. They will definitely give you a loan but they have some drawbacks. Their initial loans are too small and worse, they will disrespect you even before the due date.
If you want to borrow from Credichola, or if you have already borrowed, there’s a chance you might default, here is what you can do
There’s nothing strange about failing to pay Credichola
What you should know is that there’s nothing strange about failing to pay a loan. It happens so often that there are legal provisions for dealing with such cases.
What no loan company cannot do is harass and insult you. That’s not unethical. Threats of exposure to embarrass you are outright illegal and are not tolerated by regulatory bodies or Google Play Store, where most of these apps are downloaded from.
What illegal actions can you expect from Credichola Loan App?
- Harrassing calls and texts
- Insults
- Threats to expose you on Facebook
- Threats to contact people in your phone book to embarrass you.
- Threats to harm you physically
What do you do if you believe you will not manage to pay on time
If you have borrowed from Credichola Loan App but believe that you won’t be able to pay back on time, ignore their calls and messages.
One thing I tell people to do is to block calls and messages coming from numbers that are not in your contact list.
This might not be ideal if your business involves getting calls from new clients who are not in your phone. This is why I advise people to install TrueCaller.
Using TrueCaller to avoid harassing calls from Credichola
TrueCaller has features that allow you to see the identity of people calling you even though you don’t have them in your contact list.
Since Credichola has called multiple people before who have saved them, it TrueCaller will show you the name of the caller. These often show as ‘Martha Credichola’, ‘Credichola agent’, ‘Loan People’, etc.
Whats even better is that TrueCaller often marks these as spam beforehand. All you have to do is let it ring, then immediately block the number. In three or so days, you will have blocked all their lines.
Avoid reading their Credichola messages
I remember one time, I was dealing with Mwachangu Loan App. I was not even late. On the due date, while the day was still young, a Mwachangu agent texted me and was very disrespectful.
The mistake I made, which I have never repeated, was reading their message. The same applies to Credichola or any other quick online loan app in Zambia.
The fact is that there is nothing helpful they will tell you in those texts. All you will do is stress yourself and ruin your day. Once you read the few words and realize it’s from them, just tap ‘block’ without reading.
This is not to say so don’t pay them. The idea is to avoid their insults until you pay them back.
What if they have already insulted you?
If this were a registered financial institution like Zamcash, you could simply report their behavior to the Bank of Zambia.
The problem is that Credichola, like many 5-minute online loan apps in Zambia, are not registered. This makes it hard to hold them accountable. The last resort is to use Google Play Store punish them.
How to report Credichola to Google Play
You have grounds to report Credichola Loan App and have them removed from the Play Store for illegal handling of your data.
This is because of their threats to contact people in your phone book to embarrass you, and also threats to use use your personal details to post you on social media.
When enough people report them, Google will yank Credichola off their platform and it’s wry difficult to appeal. I suspect this is why they have changed their name 3 times so far.
Best Credichola Online Loan App Alternatives
Zeed Loan App: Zeed Loan is very flexible. Even if you have poor credit score, you will be given.
Zamcash: This is the most reliable online loan platform. It is owned by BIU capital and is registered in with the Bank of Zambia.
Wamaka Loan App Zambia: Wamaka is quick but with small initial loans and short repayment periods.
Floan Loan App: Floan is new but in the short time6it has been around, it has garnered positive reviews.