How Can I Fix My Poor Credit Score After Blacklisting by Loan Apps?

Being blacklisted by a loan app can feel like a dead end, especially when your credit score takes a hit. It often happens after missing payments, defaulting on short-term loans, or carrying multiple unpaid debts. But the truth is, a poor credit score isn’t permanent. With the right steps, you can recover and rebuild your financial reputation over time.

The first step is understanding why you were blacklisted in the first place. Loan apps typically blacklist borrowers who delay repayments, miss deadlines, or default completely. If these actions are reported to Nigeria’s licensed credit bureaus, they can negatively affect your credit score. That’s why it's important to dig into your credit history and pinpoint what went wrong.

Start by checking your current credit score through credit score checkers such as Scorewise. Look closely for signs of unpaid loans, defaults, or errors like incorrect or outdated entries. Knowing exactly what’s on your report helps you create a targeted plan to fix it.

Once you’ve identified any outstanding debts, your top priority should be to pay them off. Even if your default has already been reported, settling it shows accountability and can begin to repair your credit record. If you can’t pay it all at once, reach out to the lender to arrange a repayment plan. Always ask for a written confirmation once your debt is cleared, and request that they notify the credit bureau about your repayment. These small but crucial actions can go a long way in restoring your profile.

In cases where your credit report contains errors, you have the right to dispute them. File a formal complaint with the credit bureau, providing proof like payment receipts or bank statements to support your case. Stay consistent with follow-ups until the issue is resolved. Once corrected, you might notice a significant improvement in your score.

After clearing your past debts, it’s time to rebuild. Start by borrowing only from approved loan apps or regulated lenders. Take out small loans you’re confident you can repay, and make those payments on time. Avoid applying for multiple loans at once, and keep your credit usage at a level you can manage. Just a few months of responsible borrowing and prompt repayments can help your score recover steadily.

It’s also crucial to avoid unregulated or shady loan apps going forward. Some of them operate without oversight, harass borrowers, or misreport repayments. Before taking any new loan, always verify that the lender is licensed by the Federal Competition and Consumer Protection Commission (FCCPC).

Finally, make it a habit to check your credit score as frequently as possible. Monitoring your credit helps you track your progress, detect issues early, and stay informed. The more proactive you are, the easier it becomes to stay in control of your financial journey.

Fixing a poor credit score after blacklisting won’t happen overnight, but with patience and discipline, it’s absolutely possible. Take the right steps, use trusted tools like Scorewise to stay updated, and focus on building a healthier financial future.

Remember, you can always check your credit score on Scorewise available on Apple store or Playstore.