What is Credit Bureau? (And Why Loan Apps Use It Against You)

Loan apps keep threatening to "report you to the credit bureau." But what does that actually mean?

In this video, I explain everything you need to know about Credit Bureaus in Nigeria including CRC Credit Bureau and CreditRegistry.

What you will discover in this video:

• What a credit bureau does with your loan history
• Can loan apps really report you? (Yes and no)
• How your BVN connects to your credit report
• The difference between licensed and unlicensed lenders
• How to check if you have been reported
• Your legal right to dispute incorrect credit information

If you have ever borrowed from loan apps like PalmPay, Carbon, FairMoney, or Opay, this video is for you. Do not let intimidation tactics scare you. Know your rights.