Being in debt is not a crime, CREDICORP warns lenders over recovery tactics

The Nigerian Consumer Credit Corporation has warned lenders against harassing or humiliating borrowers over unpaid loans, saying debt recovery must be conducted lawfully and with respect for consumers’ dignity. The corporation stated this in a statement on Thursday, listing threats, abuse, contacting borrowers’ family members or employers, and publicly shaming debtors on WhatsApp or social

Read More: https://punchng.com/being-in-debt-is-not-a-crime-credicorp-warns-lenders-over-recovery-tactics/