JavaScript90:
he just want to kill these SMEs. Nigerians don't like paying back loans. how to do you expect the loan companies to get back their money without collateral

The bolded kee you there. You won't know xup until you become a victim.

Omoluabi!

JimiJunji:
Great....but why would one collect a loan when you don't have a structured plan to pay back. I think what we need is a credit rating system that blacklists loan defaulters

The loan companies gan are wicked. 30% interest on a one week loan. Why won't people default? Many are collecting the loans because they are hopeless.

JavaScript90:
he just want to kill these SMEs. Nigerians don't like paying back loans. how to do you expect the loan companies to get back their money without collateral

Shut up!
For once think!

Can he present a better way the lenders can retrieve the monies lent to defaulters?

CryptoClub2018:


Which stupid SME, so for your mind now, all this loan companies are SMEs? A 7 day loan with over 40% interest and up to 2.5% daily overdue charges on principal plus interest. God punish the SME

Don't mind the hypocrites. A whole 40% interest on a seven days loan. Wicked people.

The matter don dey past becareful

SmartPolician:
What? Nigerians are irresponsible bunches!
Those companies didn't force anyone to come and take loans. Will Akin Alabi pay when a borrower defaults on loan repayment?

you missed the point ,what really happened was that the loaners will call contacts on their debtor sim saying embarrassing things, downgrading ,insulting calling them crooks. wherass the contact do not in any way know how and when the deal was sealed, they loaners are crooks themselves, they need to be sanctioned ed

shut up and read the whole scripts then you will understand better

dont just rush to comment

hyfr:
The wise would wonder how a criminal is publicly admonishing other lesser criminals, later they toast to success and mock a whole nation.

It looks he has has a deceased of these loan firms

Emeskhalifa:
Before they blame the loan apps they should,

1. blame the OniGbese wey go collect loan without intention or preparation of how to pay back.

2. Are the defaulters daft? Or they can't read? Didn't they see terms and conditions? Yet went ahead to agree to all the terms of the loan platforms?

3. Is like most of us don't understand that most of these loan apps are someone's business. They have bills to pay, staff to pay and all that.


How then are they going to get their money back when there was no any collateral on ground before loan was issued to OniGbese?

We have many bad people in this country.
They always take those loan, with the intention of not paying back.

DoggoneDogg:
He should move a motion to shut down bet companies that manipulate customers' tickets in order to dodge hooge payouts first.

Don't bet! Simple!

JavaScript90:
he just want to kill these SMEs. Nigerians don't like paying back loans. how to do you expect the loan companies to get back their money without collateral

are u a soko loan agent? How do u expect someone in distress to pay up a loan of 54% in 7days? I already designed a loan app, but conscience wont allow me operate it. The excessess of those loan app really need to be curtailed. There has to be proper regulation viz their interest and customer privacy. They should also train their customer care agents well and not employing touts. With the BVN, no customer can actually escape

unitysheart:


The loan companies gan are wicked. 30% interest on a one week loan. Why won't people default? Many are collecting the loans because they are hopeless.

Never seen anyone as high as 30%. But if you as an individual can't pay the high interest why still go on to borrow? They aren't forcing you to borrow.

Stop supporting shit.. these frusters you called loan company are booming because they know people are hungry... only a hungry person will borrow 5k to pay 8k in 7 days.. which eventually they will default after they get trap by collecting one to pay the other.. there's no way they can last...how can a loan company base their requirement only on access to contacts..that is stupid and crazy..no confirmation of work place or home address only phone contacts

Iliveforever:
If I own a loan company, you’ll have to assent that if you default Payment, I have the right to take your life..

These politicians are useless, you guys make life hard for people and at the same time want to shut them up. These loan companies are like heavens these period to some people and those people will still have the mind to default..
The politrickian should be more concern about not using his betting company to launder public funds...

Emeskhalifa:
Before they blame the loan apps they should,

1. blame the OniGbese wey go collect loan without intention or preparation of how to pay back.

2. Are the defaulters daft? Or they can't read? Didn't they see terms and conditions? Yet went ahead to agree to all the terms of the loan platforms?

3. Is like most of us don't understand that most of these loan apps are someone's business. They have bills to pay, staff to pay and all that.


How then are they going to get their money back when there was no any collateral on ground before loan was issued to OniGbese?

Agreed, but why would a loan shark harrass me because a borrower has my phone numbet on their contact?

If you sanction the company and they stop giving loans would the government or big banks replace them by giving low interest loans to those who need them and can really pay back?

Tapout:
Any day I receive any message from any loan company saying someone I know defaulted on his/her loan, I personally will forward the person's house address and every other necessary information to help track him/her. Because i don't understand why someone will take a loan and not repay it. It's understandable if you were unable to meet up with the time frame given, but there are some people that have no plans of repaying at all. To them it's free money, someone's business oh

Most people don't have the intention of paying back.
We just have many bad people in this country.
Some people are even more corrupt than our politicians

Emeskhalifa:
Before they blame the loan apps they should,

1. blame the OniGbese wey go collect loan without intention or preparation of how to pay back.

2. Are the defaulters daft? Or they can't read? Didn't they see terms and conditions? Yet went ahead to agree to all the terms of the loan platforms?

3. Is like most of us don't understand that most of these loan apps are someone's business. They have bills to pay, staff to pay and all that.


How then are they going to get their money back when there was no any collateral on ground before loan was issued to OniGbese?

God bless you oo

Tapout:
Any day I receive any message from any loan company saying someone I know defaulted on his/her loan, I personally will forward the person's house address and every other necessary information to help track him/her. Because i don't understand why someone will take a loan and not repay it. It's understandable if you were unable to meet up with the time frame given, but there are some people that have no plans of repaying at all. To them it's free money, someone's business oh

Sokoloan staff spotted. God punish all of una Sokoloan and other loan companies that blackmail people just because of a 3k loan to pay back 5.5k in 7 days. Oloshi people

Mrbenny001:
Stop supporting shit.. these frusters you called loan company are booming because they know people are hungry... only a hungry person will borrow 5k to pay 8k in 7 days.. which eventually they will default after they get trap by collecting one to pay the other.. there's no way they can last...how can a loan company base their requirement only on access to contacts..that is stupid and crazy..no confirmation of work place or home address only phone contacts

It is crazy! If they lend me money on the basis of just phone contacts they are really foolish.

Please how can i borrow money from them? They can keep my whole contact.

Loan company and bet company is for the big hrt


Affordable men clothing payment on delivery

CryptoClub2018:


Sokoloan staff spotted. God punish all of una Sokoloan and other loan companies that blackmail people just because of a 3k loan to pay back 5.5k in 7 days. Oloshi people

Sorry bro, but did they force you to collect loan?

streetsoldier1:



are u a soko loan agent? How do u expect someone in distress to pay up a loan of 54% in 7days? I already designed a loan app, but conscience wont allow me operate it. The excessess of those loan app really need to be curtailed. There has to be proper regulation viz their interest and customer privacy. They should also train their customer care agents well and not employing touts. With the BVN, no customer can actually escape

See my Oga, I personally don't support interests.
My point is, most people saw that. Infact some people don't really need money.
They just take the loan with the intention of not returning it.

Calitoscassius:
It is crazy! If they lend me money on the basis of just phone contacts they are really foolish.

Please how can i borrow money from them? They can keep my whole contact.

See this

Tapout:
Any day I receive any message from any loan company saying someone I know defaulted on his/her loan, I personally will forward the person's house address and every other necessary information to help track him/her. Because i don't understand why someone will take a loan and not repay it. It's understandable if you were unable to meet up with the time frame given, but there are some people that have no plans of repaying at all. To them it's free money, someone's business oh

Yes, true! But what kinda loan company lends money with such useless requirments?

Mrbenny001:
Stop supporting shit.. these frusters you called loan company are booming because they know people are hungry... only a hungry person will borrow 5k to pay 8k in 7 days.. which eventually they will default after they get trap by collecting one to pay the other.. there's no way they can last...how can a loan company base their requirement only on access to contacts..that is stupid and crazy..no confirmation of work place or home address only phone contacts

It’s people like you I’m sure is owing them. Did anyone force you to borrow??
If the bet9ja owner you’re covering up do his part to better the life of those he’s representing, do you think anyone from his contact will borrow??
Instead of you to caution him, you’re encouraging defaulters, just pray you don’t own such company one day so u don’t see what these loan companies are passing through.

unitysheart:


Na una useless pass. Useless agents fighting for 3k daily and as such damaging other people's reputation even while still charging overdue penalty.

If you had any reputation in the first place, your family and friends will be your point of call for such loans.

You think they are dashing out money abi.

Ammishaddai:
It seems he has been a victim of these loan companies

I have been receiving voice message, calls just because some1 didn't pay back the loan and its been a pain in the ass

It seems you don't know him. Nairabet jagaban.

Ammishaddai:
It seems he has been a victim of these loan companies

faithfull18:

If you had any reputation in the first place, your family and friends will be your point of call for such loans.

You think they are dashing out money abi.

Most of them have borrowed money from friends and family without refunding it.
While others, just want to borrow with the intention of not paying back

Sounds like a good move,may it see the light of the day.