Just collect half give am like #250k, the country hard. At least he's hustling and even the debt he got into He's still servicing it. So make he leave hustle and be disturbing u for money for upkeep. He's your Dad and he's done all he could to see you successful and even at it they still duped him. My candid advice is you should see to how He's running his business maybe you can even give him tips. At least if he can feed himself he wouldn't be a burden to you anymore in future.

aanuoluwami14:
Your father wants to ruin your life, ignore him. What has he done with all the money collected?! Na by force?

yes nah by force cos he made him who he is today. did his dad came to dis forum to ask if he should train him? imagine dis guy o. so u don't kno dat God can bless u more?. Thank God for my brother's o. God keep blessing them n me o. my family 4life.

Tiggo:
He's your father . You must do whatever he says

Even at his own detriment?

Mercychen:
See, op. He's your dad. Also remember he got into debt because of you. He meant well for you and if not for how everything turned out badly, you'll prolly be doing a 6 digit job and living large by now. So consider him and do this.

Take a 100k loan. at least you can conviniently pay back in case he defaults. Just test him with that first and see how it goes. Don't just turn him down outrightly.

That's all.

Truism and trusted

FlipModeSquade:
Nigerians and entitled mentality..
He be Mumu because his father wants to emotionally blackmail him,into getting a loan that he would be stuck with?
He doesn't have to accept ANY loan on behalf of ANYBODY,if he is not financially capable of paying it back.

haa are u kidding me, what rubbish mentality, the old man suffered to sent his children to school just to make life easier for them in future, now his business is dying and need to revive it, it's time for the young lad to repay the kindness gave to him, how many parents sent their children to higher institution in this Nigeria and you said Nigeria mentality the loan will be repaid by him not by the son, just to use his account to take a loan,with this your reply I can sight that you're not brought up with good parents. and u are part of people that discourage parents to send their children to school, yeye fowl.

Nelchuksmandela:
Good day Niralanders,

I need your sincere advice on my present situation.
Please ignore any grammatical error or punctuation. I’m the first son of my family, my father is an average Nigerian trader, he single handedly sponsored my schooling from nursery to higher institution.

After my service year, one of his friends scammed him of 300k in the name of they will get me a job in NUPENG before he paid that money I told him my pastor’s revelation about the NUPENG job, which my pastor said She does not like the job and shared ill references associated to the job with me and I told my dad when I got home, he countered and rebuked the revelation, he doesn’t take any of our advice, he finally fell for the scam.

To cut the long story short, I’m now working class that earn 75k monthly, however I’m still squatting with a friend and I’m still struggling to survive.

Recently I received a call from my dad, he told me he needs 500k for trading, that he wants me to take loan on his behalf he will be paying the debt once it’s due, since he is yet to complete the outstanding loan he took from the same bank, which is remaining 3 months to complete. I later discovered he had another debt he’s still servicing (Paying ) of a different bank that is remaining 6 months to complete.
After pondering over it i asked him; what if he defaults what will happen ? he shunned me and said why will I be negative and I politely told him my mind that I cannot help the current issue. Since then he started reporting me to my mum relatives to talk to in order to accept and collect the loan of 500k on his behalf.

Please your advise on this will be helpful.
Thank you.

If you take that loan on his behalf, zero your mind that you will service that loan because your dad deliberately want to get his entitlement from you by force for singlehandedly seeing to your education.

How long before he asks for another loan? He earns 75k. He shouldn't be taking unnecessary loans.

Mercychen:
See, op. He's your dad. Also remember he got into debt because of you. He meant well for you and if not for how everything turned out badly, you'll prolly be doing a 6 digit job and living large by now. So consider him and do this.

Take a 100k loan. at least you can conviniently pay back in case he defaults. Just test him with that first and see how it goes. Don't just turn him down outrightly.

That's all.

Mercychen:
See, op. He's your dad. Also remember he got into debt because of you. He meant well for you and if not for how everything turned out badly, you'll prolly be doing a 6 digit job and living large by now. So consider him and do this.

Take a 100k loan. at least you can conviniently pay back in case he defaults. Just test him with that first and see how it goes. Don't just turn him down outrightly.

That's all.

I thought that there are no more sensible girls on nairaland but you proved otherwise. You get sense

Bonesbreaker:
your a stupid idiot for saying trash

Senseless swine

newdawnlive:
haa are u kidding me, what rubbish mentality, the old man suffered to sent his children to school just to make life easier for them in future, now his business is dying and need to revive it, it's time for the young lad to repay the kindness gave to him, how many parents sent their children to higher institution in this Nigeria and you said Nigeria mentality the loan will be repaid by him not by the son, just to use his account to take a loan,with this your reply I can sight that you're not brought up with good parents. and u are part of people that discourage parents to send their children to school, yeye fowl.

Na that yeye fowl go kill you..
Since you lack decorum..
Sending your kids to school is not an achievement..
They never asked you to bring them into this shithole..
And the fact that you trained them does not give you the entitled mentality,to make their lives a living hell..
The young man earns 75k and you want him to take a loan of 500K out of it?
Na your type dey kill their brother,because he refuses to pay for your frivolities..

Richy4:


You are right.. those parents shouldn't have sent him to school after secondary school because that's what they owe him... After all 18 years is seen as adult.. he should have trained himself as a young adult... Borrow money from one of Nigerian bank as a student loan and promise to payback after graduation...

And the parents would have used the money they spent on seeing him through school to look after themselves..is that not fair enough?

IMO! Be prepared as a parent to give the best to your kids
Why procreate when you're not ready.
I sure will be a Dad someday

donbachi:
sacrifice

Sacrifice comes with reasonable expectations..

Asking a person earning 75k,to take out a loan of 500K,on which the monthly repayment comes up to about 40K,is EXHORTATION..

Mercychen:
See, op. He's your dad. Also remember he got into debt because of you. He meant well for you and if not for how everything turned out badly, you'll prolly be doing a 6 digit job and living large by now. So consider him and do this.

Take a 100k loan. at least you can conviniently pay back in case he defaults. Just test him with that first and see how it goes. Don't just turn him down outrightly.

That's all.

hmmm. So deep. Take the loan for him and prepare your mind to pay part of it incase he defaults. Remember, he his your and he will never see things from the angle you are seeing it. Please, please him

jeph19:


IMO! Be prepared as a parent to give the best to your kids
Why procreate when you're not ready.
I sure will be a Dad someday

I will give the best to my kids buddy trust me on that but I will never raise selfish kids because most apples does not fall far from the tree. ..

Richy4:


You are right.. those parents shouldn't have sent him to school after secondary school because that's what they owe him... After all 18 years is seen as adult.. he should have trained himself as a young adult... Borrow money from one of Nigerian bank as a student loan and promise to payback after graduation...

And the parents would have used the money they spent on seeing him through school to look after themselves..is that not fair enough?

Don't born if you can't cater for your kids..
They certainly didn't beg you to give birth to them..
And that you caterd for them does not mean that you are entitled to exhort them,because this is what this scenario is about..
How is the young man supposed to pay off a loan of about 35K per month,on a 75k salary in this current economy?

Is your dad related to Buhari?


ft][/left]r [sub][/suquote author=Nelchuksmandela post=105741756]Good day Niralanders,

I need your sincere advice on my present situation.
Please ignore any grammatical error or punctuation. I’m the first son of my family, my father is an average Nigerian trader, he single handedly sponsored my schooling from nursery to higher institution.

After my service year, one of his friends scammed him of 300k in the name of they will get me a job in NUPENG before he paid that money I told him my pastor’s revelation about the NUPENG job, which my pastor said She does not like the job and shared ill references associated to the job with me and I told my dad when I got home, he countered and rebuked the revelation, he doesn’t take any of our advice, he finally fell for the scam.

To cut the long story short, I’m now working class that earn 75k monthly, however I’m still squatting with a friend and I’m still struggling to survive.

Recently I received a call from my dad, he told me he needs 500k for trading, that he wants me to take loan on his behalf he will be paying the debt once it’s due, since he is yet to complete the outstanding loan he took from the same bank, which is remaining 3 months to complete. I later discovered he had another debt he’s still servicing (Paying ) of a different bank that is remaining 6 months to complete.
After pondering over it i asked him; what if he defaults what will happen ? he shunned me and said why will I be negative and I politely told him my mind that I cannot help the current issue. Since then he started reporting me to my mum relatives to talk to in order to accept and collect the loan of 500k on his behalf.

Please your advise on this will be helpful.
Thank you.[/quote]

Nelchuksmandela:
Good day Niralanders,

I need your sincere advice on my present situation.
Please ignore any grammatical error or punctuation. I’m the first son of my family, my father is an average Nigerian trader, he single handedly sponsored my schooling from nursery to higher institution.

After my service year, one of his friends scammed him of 300k in the name of they will get me a job in NUPENG before he paid that money I told him my pastor’s revelation about the NUPENG job, which my pastor said She does not like the job and shared ill references associated to the job with me and I told my dad when I got home, he countered and rebuked the revelation, he doesn’t take any of our advice, he finally fell for the scam.

To cut the long story short, I’m now working class that earn 75k monthly, however I’m still squatting with a friend and I’m still struggling to survive.

Recently I received a call from my dad, he told me he needs 500k for trading, that he wants me to take loan on his behalf he will be paying the debt once it’s due, since he is yet to complete the outstanding loan he took from the same bank, which is remaining 3 months to complete. I later discovered he had another debt he’s still servicing (Paying ) of a different bank that is remaining 6 months to complete.
After pondering over it i asked him; what if he defaults what will happen ? he shunned me and said why will I be negative and I politely told him my mind that I cannot help the current issue. Since then he started reporting me to my mum relatives to talk to in order to accept and collect the loan of 500k on his behalf.

Please your advise on this will be helpful.
Thank you.

Why can't the relatives he is reporting you to...... Either take out the loan too or raise the money for him?

Tell him you already applied and the bank declined.........

Mercychen:
See, op. He's your dad. Also remember he got into debt because of you. He meant well for you and if not for how everything turned out badly, you'll prolly be doing a 6 digit job and living large by now. So consider him and do this.

Take a 100k loan. at least you can conviniently pay back in case he defaults. Just test him with that first and see how it goes. Don't just turn him down outrightly.

That's all.

I swear down I love wise women. You are wise!

Look for 200K and give him, service it with half of your salary for 6-7 months.

I can't read further but this is one of the best advice so far. He's your dad, "he single handedly sponsored your edu" like you said. Bro don't turn him down like she said just walk him like 40%

Mercychen:
See, op. He's your dad. Also remember he got into debt because of you. He meant well for you and if not for how everything turned out badly, you'll prolly be doing a 6 digit job and living large by now. So consider him and do this.

Take a 100k loan. at least you can conviniently pay back in case he defaults. Just test him with that first and see how it goes. Don't just turn him down outrightly.

That's all.

Hmmm....this is a dicey situation.

Op...since your dad have not finished paying some previous loans he took.

Just assume that you're the person that will end up repaying any loan that you take for him... because he may not have money to pay when the time comes.

If you take 500k loan from any Nigerian bank you will end up paying 800k or more including interest... probably for a period of 2 years or more.

And they will be deducting nothing less than 30k from your salary every month... it's likely going to be more than this amount.

The question is...can you survive on 40k or less every month?

If you're taking loan better take an amount that you can repay easily...

Don't go and put yourself in a situation that would make you resent or hate your father, especially if he's unable to keep his word.


And for those saying that your Father suffered for you. Well, it's his DUTY as a parent to train you & your siblings either in school or to acquire a handiwork... otherwise he shouldn't have given birth to you.

For the sake of family
U should do this one

FlipModeSquade:
Don't born if you can't cater for your kids..
They certainly didn't beg you to give birth to them..
And that you caterd to them does not mean that you entitled to exhort them,because this is what this scenario is about..
How is he supposed to pay off a loan of about 35K per month on a 75k salary in this current economy?

The father and mother did not ask for kids to come..They were simply having fun when they came ... They saw them as a gift... Since they are here they have no choice but to take care of them....
I admire the Whites, It only most of them that understands the selfishness of some of the kids... They love them but don't train them in universities... They ask them to be responsible by sending them to go and borrow money at the bank and pay back on their own when they graduate...

If Nigerian parents should be doing that, u will realise the sacrifice they have been making...
U think @ 18, when the law sees u as an adult, a parent still owe u the so called right to education u were claiming? Dear, Your right simply stopped when U graduated from secondary school... Training u in the university is just a special privilege not a right..

Mercychen:
See, op. He's your dad. Also remember he got into debt because of you. He meant well for you and if not for how everything turned out badly, you'll prolly be doing a 6 digit job and living large by now. So consider him and do this.

Take a 100k loan. at least you can conviniently pay back in case he defaults. Just test him with that first and see how it goes. Don't just turn him down outrightly.

That's all.

Nelchuksmandela

This advice is not only a bad one, it's very terrible. Op, ignore the number of likes, don't take this loan.

Rather, tell him to give you some time to save up some money, like 200k and give to him. He can source for the balance elsewhere.

No parent, except they were selfish and expect high returns from you for raising you, would ask for such a favor, knowing fully well your monthly income. This is absurd.

Mercychen:
See, op. He's your dad. Also remember he got into debt because of you. He meant well for you and if not for how everything turned out badly, you'll prolly be doing a 6 digit job and living large by now. So consider him and do this.

Take a 100k loan. at least you can conviniently pay back in case he defaults. Just test him with that first and see how it goes. Don't just turn him down outrightly.

That's all.

Good advice

I just lost my dad on the 1st of this month and I'll take a loan of 500million just to have him back

"Experience (they say) is the best teacher";
From experience, and I say this vigorously, if u do it just know ur not getting it back, any loan request involving family na "family money"... That's how my elder brother's travel plans got into a rot because he was being "Mr nice guy"

Semaj77:



Good advice

I just lost my dad on the 1st of this month and I'll take a loan of 500million just to have him back

Awwnnn.. sorry about your dad.

Op, come and see. Now you have the opportunity to make him happy, please do. Nothing is ever too much for them.

Sorry, dear.

Mercychen:
See, op. He's your dad. Also remember he got into debt because of you. He meant well for you and if not for how everything turned out badly, you'll prolly be doing a 6 digit job and living large by now. So consider him and do this.

Take a 100k loan. at least you can conviniently pay back in case he defaults. Just test him with that first and see how it goes. Don't just turn him down outrightly.

That's all.

Best advice, at least he can pay back under 2 months

Nelchuksmandela:
Good day Niralanders,

I need your sincere advice on my present situation.
Please ignore any grammatical error or punctuation. I’m the first son of my family, my father is an average Nigerian trader, he single handedly sponsored my schooling from nursery to higher institution.

After my service year, one of his friends scammed him of 300k in the name of they will get me a job in NUPENG before he paid that money I told him my pastor’s revelation about the NUPENG job, which my pastor said She does not like the job and shared ill references associated to the job with me and I told my dad when I got home, he countered and rebuked the revelation, he doesn’t take any of our advice, he finally fell for the scam.

To cut the long story short, I’m now working class that earn 75k monthly, however I’m still squatting with a friend and I’m still struggling to survive.

Recently I received a call from my dad, he told me he needs 500k for trading, that he wants me to take loan on his behalf he will be paying the debt once it’s due, since he is yet to complete the outstanding loan he took from the same bank, which is remaining 3 months to complete. I later discovered he had another debt he’s still servicing (Paying ) of a different bank that is remaining 6 months to complete.
After pondering over it i asked him; what if he defaults what will happen ? he shunned me and said why will I be negative and I politely told him my mind that I cannot help the current issue. Since then he started reporting me to my mum relatives to talk to in order to accept and collect the loan of 500k on his behalf.

Please your advise on this will be helpful.
Thank you.

Can you repay the N500 k plus interest from your N75k salary ?

Remember that repayment will be drawn from your salary account.

Make I laugh first. It's like your dad doesn't know that business has scatterered in Nigeria.

That is why he is owing up and down.

Your papa no know wetin him dey do.

It will end on tears.

toren:


Nelchuksmandela

This advice is not only a bad one, it's very terrible. Op, ignore the number of likes, don't take this loan.

Rather, tell him to give you some time to save up some money, like 200k and give to him. He can source for the balance elsewhere.

No parent, except they were selfish and expect high returns from you for raising you, would ask for such a favor, knowing fully well your monthly income. This is absurd.

Were you raised by a father at all?

What's the difference between taking the loan and saving up 200k? Isn't it the same thing to use that savings to be paying back the loan? Or what exactly are you merry-go-rounding about for?

what if he needs the money urgently? he has to wait till op saves it for how long and if something bad happens to him, you go come collect the money na??

Just close that your mouth there if you don't know what to say.

From your explanation here that man love you do it for him, if am in your position, i dont mind taking a loan of even 1 million naira for him, just know that he is your father if he default then you pay off the loan, then it will be on record that you did this for him and there absolutely no way he will ask you to take a loan for him again or ask you for any money again because you'll tell him that you are still trying to pay of the money you borrowed to serviced and pay off the loan you took on his behalf while you both still maintain a good cordial relationship