Mental Health Risks in Digital Debt Recovery: Insights from Nigeria's Digital Money Lending Sector
MENTAL HEALTH RISKS IN DIGITAL DEBT RECOVERY
Author(s) / Creator(s)
Oyeleke, Johnson T.
Abstract / Description
The proliferation of digital money lending, propelled by fintech innovations and data analytics, has revolutionized access to credit, particularly for the unbanked and underbanked sectors. In efforts to compel debt repayment, digital lenders resort to cyber coercion tactics, including cyberbullying, harassment, and stigmatization. While these methods may yield financial results, their psychological repercussions on debtors remain poorly understood. This study investigated the extent of psychological harm inflicted by cyber coercion tactics on the mental well-being of victims. The study employed a qualitative research design of scooping review of victims interviewed by Newspapers online. Method involved systematic searches in databases for studies on digital money lenders' impact on debtors' mental health in Nigeria, employed thematic synthesis, CASP tool for study quality, and sensitivity analyses. Extracted data using standardized forms, coded text, and developed descriptive and analytical themes. The results showed that digital money lenders in Nigeria use various stigmatizing tactics, including debt-shaming, cyberbullying, and defamation of character, to recover funds from debtors. These tactics have negative implications for the mental health of debtors, including depression, anxiety, and suicidal ideation.
Keyword(s)
Digital money lending Debt recovery tactics Debt-shaming Defamation of character Cyberbullying Harassment Stigmatization Depression Anxiety Suicidal ideationPersistent Identifier
Date of first publication
2024-08-14
Journal title
Nigerian Journal of Clinical Psychology
Volume
14
Issue
1
Page numbers
104 - 118
Publisher
Nigerian Association of Clinical Psychologists (NACP)
Publication status
publishedVersion
Review status
peerReviewed
Is version of
Citation
Oyeleke, J. T. (2024). Mental Health Risks in Digital Debt Recovery: Insights from Nigeria's Digital Money Lending Sector. Nigerian Journal of Clinical Psychology, 14(1), 104–118.
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NJCP 2024, Vol. 14, No. 1, 104 - 118.pdfAdobe PDF - 365.72KBMD5: 8b89422e94f93887560fba63584c4005
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There are no other versions of this object.
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Author(s) / Creator(s)Oyeleke, Johnson T.
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PsychArchives acquisition timestamp2024-08-14T14:58:21Z
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Made available on2024-08-14T14:58:21Z
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Date of first publication2024-08-14
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Abstract / DescriptionThe proliferation of digital money lending, propelled by fintech innovations and data analytics, has revolutionized access to credit, particularly for the unbanked and underbanked sectors. In efforts to compel debt repayment, digital lenders resort to cyber coercion tactics, including cyberbullying, harassment, and stigmatization. While these methods may yield financial results, their psychological repercussions on debtors remain poorly understood. This study investigated the extent of psychological harm inflicted by cyber coercion tactics on the mental well-being of victims. The study employed a qualitative research design of scooping review of victims interviewed by Newspapers online. Method involved systematic searches in databases for studies on digital money lenders' impact on debtors' mental health in Nigeria, employed thematic synthesis, CASP tool for study quality, and sensitivity analyses. Extracted data using standardized forms, coded text, and developed descriptive and analytical themes. The results showed that digital money lenders in Nigeria use various stigmatizing tactics, including debt-shaming, cyberbullying, and defamation of character, to recover funds from debtors. These tactics have negative implications for the mental health of debtors, including depression, anxiety, and suicidal ideation.en
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Publication statuspublishedVersion
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Review statuspeerReviewed
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CitationOyeleke, J. T. (2024). Mental Health Risks in Digital Debt Recovery: Insights from Nigeria's Digital Money Lending Sector. Nigerian Journal of Clinical Psychology, 14(1), 104–118.
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ISSN0189-2304
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Persistent Identifierhttps://hdl.handle.net/20.500.12034/10662
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Persistent Identifierhttps://doi.org/10.23668/psycharchives.15233
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Language of contenteng
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PublisherNigerian Association of Clinical Psychologists (NACP)
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Is version ofhttps://doi.org/10.5281/zenodo.13311739
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Keyword(s)Digital money lending
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Keyword(s)Debt recovery tactics
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Keyword(s)Debt-shaming
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Keyword(s)Defamation of character
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Keyword(s)Cyberbullying
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Keyword(s)Harassment
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Keyword(s)Stigmatization
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Keyword(s)Depression
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Keyword(s)Anxiety
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Keyword(s)Suicidal ideation
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Dewey Decimal Classification number(s)150
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TitleMental Health Risks in Digital Debt Recovery: Insights from Nigeria's Digital Money Lending Sectoren
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Alternative titleMENTAL HEALTH RISKS IN DIGITAL DEBT RECOVERYen
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DRO typearticle
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Issue1
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Journal titleNigerian Journal of Clinical Psychology
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Page numbers104 - 118
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Volume14