Taking a loan through a digital lending app can provide quick financial assistance when you need it. However, repayment can become difficult when unexpected expenses, reduced income, or other financial challenges arise. If you find yourself unable to repay a loan app in Nigeria, there are legal and practical steps you can take instead of ignoring the debt. Request a Clear Loan Statement Start by asking the lender for a detailed statement of your account. This should show the original amount borrowed, interest, applicable fees, penalties, previous payments, and the outstanding balance. Reviewing the statement can help you identify incorrect calculations or charges you do not understand. Negotiate a Repayment Plan If you genuinely cannot afford the outstanding amount, contact the lender and explain your situation. You may be able to negotiate a repayment schedule that allows you to pay in smaller installments. In some circumstances, a lender may also agree to reduce certain charges...
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