Many people keep arguing that if loan apps decided to sell our information to hackers, nothing would happen because of two-factor authentication. It's evident that they do not understand how hacking works and lack important information about it. Let me list 12 things hackers can do with your full details if traded off by loan apps.

1. Open Fraudulent Accounts: They can use your BVN and other personal information to open new bank accounts, obtain loans, or apply for credit cards in your name, leaving you responsible for unpaid debts. Those evil loan apps usually create Opay and PalmPay accounts with the customer's name. 

2. Impersonation: They could impersonate you to gain access to services, conduct financial transactions, or engage in illegal activities 

3. Unauthorized Transactions: With access to your bank details, a hacker may initiate unauthorized withdrawals, transfers, or purchases using your bank account. 

4. Account Takeover: The hacker might attempt to reset passwords or security questions using your BVN and other personal data, taking control of your online banking, mobile banking apps, or even digital wallets 

5. Targeted Phishing Attacks: With personal details such as your BVN and Date of Birth, a hacker can craft highly personalized phishing emails or messages to trick you or others into sharing even more sensitive data, like passwords or PINs 

6. Obtain Loans in Your Name: Hackers may use your BVN and bank details to apply for loans or credit in your name 

7. Fake Loan Apps: They could use your information to sign you up for dubious loan services or apps, which could further compromise your identity and funds 

8. Hijack Phone Numbers: Hackers may use your personal details to conduct a SIM swap fraud, where they take control of your phone number. This allows them to intercept OTPs (One-Time Passwords) sent to your phone for secure transactions, giving them full control of your bank accounts and online platforms 

9. Blackmail or Extortion: Threaten to Leak Personal Data like your photos, nuuu*de Pictures, and personal details about you 

10. Selling Your Information on the Dark Web: Hackers often sell stolen personal information like BVNs, bank details, and birth dates on the dark web, where other criminals can purchase and use it for a wide range of fraudulent activities 

11. Targeted Attacks on Social Media: With your basic personal information, hackers can attempt to hijack your social media accounts, manipulate your online presence, or use your identity to scam others. 

12. Credit Card Fraud: With access to your BVN and bank details, a hacker can apply for credit cards in your name