How Do I Know Which Loan Apps Report to the Credit Bureau in Nigeria?

Not all loan apps report to Nigeria’s credit bureaus. Learn how to identify the ones that do and how Scorewise can help you track your credit standing easily.

When applying for loans in Nigeria, many people don't realize that not all loan apps operate the same way. Some lenders report your repayment behavior to official credit bureaus, while others don't. Knowing which apps report to the bureaus is critical because it affects your credit score — either positively or negatively.

In Nigeria, major credit bureaus like CRC Credit Bureau, FirstCentral Credit Bureau, and CreditRegistry gather information from registered financial institutions, including licensed loan apps. Apps that report to these bureaus will influence your credit history every time you borrow and repay.

Some of the well-known loan apps that typically report to credit bureaus include:

• Carbon
• FairMoney
• Branch
• Palmcredit
• Aella Credit
• Okash
• Migo

Using these apps responsibly, by repaying on time can actually help you build a stronger credit profile over time. However, if you default or delay payment, the negative history will stay on your record and affect your ability to borrow in the future.

If you want to be sure whether a particular loan app reports to a bureau, check their terms and conditions, visit their website, or ask customer support. Licensed lenders operating under Nigeria’s CBN guidelines are usually required to report your borrowing behavior.

The easiest way to stay informed about your credit report and the loan apps affecting it is by using a smart credit monitoring tool like Scorewise. With Scorewise, you can instantly see your credit score, track your score effectively, and stay one step ahead of surprises when applying for future loans.

Download Scorewise available on Apple store or playstore today to stay on top of your credit health and make smarter loan decisions in Nigeria!