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Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos - Business (5) - Nairaland

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How I Pampered Myself After Collecting My Contribution Of 4 Months. / Man Tries To Commit Suicide In Banking Hall After Fraudsters Withdrew His Money / Help! Embarrassing Calls From Loan Companies (2) (3) (4)

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Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by TheKingIsHere: 9:51pm On Jan 04, 2022
folks4luv:

And there are people that won't pay even with all the embarrassments. The point is, there are legal ways to go about this.
Imagine a company i dont know threatening me over a loan someone else too. Someone i haven't spoken to in years o. It's crazy na
Dem no dey default loans in America or Britain? Can these companies go to those countries to display this madness?

Lol, what legal ways do you want them to take against someone who defaulted a N5,000 - N7,000 loan? Do you know the huge cost for legal action?

You guys should think and put yourselves in their shoes too. Yes, their interest rates is high but they didn't force you to take it.

The issue here is that most Nigerians are chronic debtors who love taking loans without a single plan of paying back. Even your president is a chronic debtor and has put the country at the mercy of China.

I have had several experiences in loaning people money. Once they collect the loan, they refuse to pay back.

I don't blame these so called loan companies, they're running a business with the intention of making profit and paying their workers/bills

5 Likes

Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by Ifakiland(m): 9:51pm On Jan 04, 2022
drololaaof:
They should be fined , regulated, it is unethical the degrading messages they send out , they have breached privacy act ,they are shylock. If I have my way I will sue them . Govt should do something about them ,the loan companies expose people to danger ridicule,their interest rate is another problem
Se your mouth like sue dem...smh their terms and conditions allow dem access to your contact and you clicked it

2 Likes

Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by Blue3k(m): 9:52pm On Jan 04, 2022
Lol why kill yourself when you can just declare bankruptcy and be done with the whole affair. Nigeria doesn't have debtors prisons as far as I know.

1 Like

Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by Obivestor: 9:56pm On Jan 04, 2022
BluntTheApostle:
They dare not try that nonsense with me.

If you tarnish my image, just kiss your money goodbye, and also be ready to pay for damages.

Because I will sue your ass from heaven to hell. In fact, should I die while still on the case, my ghost will carry on with the case.


You nairalanders won't kill me with laugh


See person wey borrow loan and no fit pay back.. wey u see money to go Sue company

Chai nairalanders are comedians

7 Likes

Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by Bigcowhorn: 9:56pm On Jan 04, 2022
InterpolEyes:
Loans and gambling will claim more lives if they are not banned . That is how chibudollar winnerly and bigcowhorn took 200k loan combined to gamble and lost , now na robbery them dey do

Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by NoToPile: 9:57pm On Jan 04, 2022
I have been receiving messages concerning 3 different people.

They even called me about on a pre-recorded message that one person I don't know is owing and he used me as guarantor blablabla, shey one can be a guarantor without knowing ni abi how.

Also got a watsap message about another person. Please help inform him, it's 68days overdue.

Got another text for another person.

I don't even know 2 of these people, the 3 Rd person name is someone I knew in 2016-2017

Due to the nature of my job I give out these 2 nos to everyone well and it's those 2 nos I receive those mssge on.

My main line and the other one doesn't get such messages.

To give out your phone number is now a problem, Nawa oo
Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by omoadeleye(m): 10:02pm On Jan 04, 2022
All these stvpid debtors now growing wings ern.. you borrowed money and you are failing to pay, how will you feel if you are the one that borrow someone money? You already know that embarrassment awaits you so why borrowing Again?

4 Likes

Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by ednut1(m): 10:02pm On Jan 04, 2022
Why take loans you have no means of paying

1 Like

Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by Mom007(f): 10:02pm On Jan 04, 2022
This loan app and loan shark thing is not our culture and should not be encouraged at all. The average Nigerian wants to 'borrow' money and not pay back! We know how we do handle ourselves, either give a fraction of what is asked or give and forget about it because you loose friends and loved ones when you ask them to repay loans! How do you carry the above bad character to a company whose sole business is giving and recovering loans? You see someone ready to lend you money at the shortest possible notice with no questions asked and u refuse adamantly to return it.. So you want their own to spoil while your own should be well Abi? Haba! Look, any money that you don't have and cannot raise from your current circle of family and friends, you don't deserve to have it at that time, lock up and wait till a more convenient time! Stop using your own to spoil others own!

6 Likes

Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by Goldie16(f): 10:05pm On Jan 04, 2022
When you borrow, please pay back. If you can't pay back, then stay away

1 Like

Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by Goldie16(f): 10:06pm On Jan 04, 2022
omoadeleye:
All these stvpid debtors now growing wings ern.. you borrowed money and you are failing to pay, how will you feel if you are the one that borrow someone money? You already know that embarrassment awaits you so why borrowing Again?
I just taya. Borrow and pay back is problem for some people

1 Like

Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by TheKingIsHere: 10:07pm On Jan 04, 2022
Ishitinyourlife:

First off, they are a corporation,not individuals,there are ways to get your money back from defaulters legally without driving them to damn suicide, it is just common sense,you start by reviewing your damn credit score.it is not rocket science, this bastards don't do that,as soon as a day or two goes by and you don't pay they come roaring like a lion

What legal action do you take against someone who defaulted in a 7k loan? Or do you think legal action is cheap?

I don't support these loan companies but most Nigerians love to default on their loans. Default on your loan, face the consequences. Shikena!!

2 Likes

Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by TheKingIsHere: 10:12pm On Jan 04, 2022
Mom007:
This loan app and loan shark thing is not our culture and should not be encouraged at all. The average Nigerian wants to 'borrow' money and not pay back! We know how we do handle ourselves, either give a fraction of what is asked or give and forget about it because you loose friends and loved ones when you ask them to repay loans! How do you carry the above bad character to a company whose sole business is giving and recovering loans? You see someone ready to lend you money at the shortest possible notice with no questions asked and u refuse adamantly to return it.. So you want their own to spoil while your own should be well Abi? Haba! Look, any money that you don't have and cannot raise from your current circle of family and friends, you don't deserve to have it at that time, lock up and wait till a more convenient time! Stop using your own to spoil others own!


Goldie16:
When you borrow, please pay back. If you can't pay back, then stay away

Gbam!!
Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by onlinestaff2020: 10:14pm On Jan 04, 2022
Iliveforever:
This is complete stupidity.
If you collect loan, simply pay back and if you can’t don’t collect the loan..
This isn’t that bad or difficult to do.
The country is hard, you now see a company that wants to lend you money and you still have the guts to default,
See ehh If I own a loan company and you default payment, I will hunt you and kill you.


God punish you and your generations for that comment of killing loan defaulters.

Don't you have family?

You want your family to wail because of you.

Stop spewing thrash from your tuberculosis infested mouth.

slowpoke!

3 Likes 1 Share

Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by SeriouslySense(m): 10:17pm On Jan 04, 2022
kikiki, cheesy cheesy cheesy
Obivestor:


You nairalanders won't kill me with laugh


See person wey borrow loan and no fit pay back.. wey u see money to go Sue company

Chai nairalanders are comedians
Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by SeriouslySense(m): 10:18pm On Jan 04, 2022
na free trouble him dey for. cheesy cheesy cheesy

just imagine.


Kajaard:


You said nothing but the truth.

I even read a story of how one idiot took a loan from one of these loan companies and used the money to throw a birthday party for himself. Just imagine.
Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by prohet: 10:21pm On Jan 04, 2022
MrJames007:
If I were these debtors, once you message my contacts, just forget the money. Nothing would ever make me pay you back.
I will equally do same, I can't lose reputation and still lose money. They must choose one

3 Likes

Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by SeriouslySense(m): 10:22pm On Jan 04, 2022
Maybe you should do the same in China.

prohet:
I will equally do same, I can't lose reputation and still lose money. They must choose one
Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by michelz: 10:28pm On Jan 04, 2022
Lightway:
angry grin grin grin

Look at the criminals. After borrowing, you don't want to pay back... After committing suicide let your dead bodies and organs be sold to pay back the loan.


Can you imagine this rubbish. This is why you should avoid poor people in all that you do.

Poor people will reck your business no matter what

How can someone borrow you money and you don't want to pay back. Then you claim rubbish and commit suicide.

Let them die

We have too many fools in the country already.

Every Nigerian has criminal tendencies and you can see it here

Fools.

Some of you have very awkward way of reasoning. In sane climes, if someone is a defaulter, do they go about publicly publishing the person's details and calling him/her a thief outrightly? Or you want to say that that is part of the conditions the person agreed to while requesting for the loan?
Nobody is perfect. Even the Fg borrows and defaults, and we are yet to see where Buhari was called a criminal for owing.
There are regulations for this kind of issues and criminalizing or slandering the defaulter isn't one of it. Who even told you that the borrower would not want to pay back? How did you arrive at that conclusion?

4 Likes

Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by michelz: 10:33pm On Jan 04, 2022
Ifakiland:

Se your mouth like sue dem...smh their terms and conditions allow dem access to your contact and you clicked it
Oga, their "Terms and Conditions" is illegal in the first place. Those companies operate illegally due to oversight by the regulating bodies of the country. They don't have any right to criminalize anybody for defaulting on loan.

3 Likes

Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by mrdipye(m): 10:34pm On Jan 04, 2022
Na Buhari cus am
Nai him begin borrow first
Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by Edoziesmart(m): 10:37pm On Jan 04, 2022
Lol na mumu they feel embarrassed from messages from all these loan sharks.

The ones I'm owing since 2019 I have vowed not to pay them.
If I collect loan from any loan company and they went ahead to breach my privacy by telling my contacts I'm owing them, that's the end of me paying them the loan.
N/b: I'm not poor as you guys may think currently, but I can't pay any of those loan shark penny cus they breach my privacy.
I'm just sad that the money I borrowed all together from those bastards then is not upto ₦100k. They can't come and be embrassing me cus of money below ₦100k now, when they had tarnished my image online already.

Let them meet Buhari to pay them back

1 Like

Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by TheKingIsHere: 10:39pm On Jan 04, 2022
deepwater:


I am sorry, but you guy is a scam and a theif !
how can he forget about the loan that helped him in his time of needs?

You dey mind dem? cheesy

His guy didn't forget when he wanted the loan but when it's time to pay, he will now forget. cheesy

2 Likes

Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by MrJames007: 10:41pm On Jan 04, 2022
prohet:
I will equally do same, I can't lose reputation and still lose money. They must choose one
You gerrit. cool

1 Like

Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by Chris2863(m): 10:42pm On Jan 04, 2022
All I see in your topic and writings is stupidity. Be prudent in your spending and save yourself from all these rubbish thread you are creating. As simple as ABC, don't borrow if you can't pay back on or before your due date. I have a friend who sees owing loan companies as an achievement and I just had to cut him off. Most of you ass holes would borrow from more than 10 diff apps. How do you plan to be successful with that reckless life

2 Likes

Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by olaszydaruma(m): 10:48pm On Jan 04, 2022
Lightway:


Borrow borrow.. have sense and stop borrowing money
Did I borrow from you? Please learn to mind your business, oga busy body angry
Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by catice(m): 10:52pm On Jan 04, 2022
Why would anyone take a loan they know they won't pay back. Isn't that callous and wicked? That's going to deprive people that are in genuine need of loans. Spreading their I formation on social media is not enough. They should be arrested docked and made to pay the money.
DONSIA:
And here ithe ANONYMOUS COMPANY that can hide its own name and the sum of money thier victim are owing them by fighting dirty but they can go extra mile my attaching pictures of individual victim just to be at the receiving end. Thier own message context seff is like that of a criminal..

BECAUSE OF THE ATTACHED PICTURE, I HAD TO GO THROUGH THE PROCESS OF TYPING WORDS BY WORDS



Mods please push forward
Cc
Freiburger
r231
Seun
Lalasticlala
Mynd44
Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by Sleekfingers: 10:55pm On Jan 04, 2022
To be sincere, I can never loan money to any nigerian. Most of them, don't like paying what they owe......

I will rather just give them the money.
Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by Iliveforever(m): 10:55pm On Jan 04, 2022
onlinestaff2020:



God punish you and your generations for that comment of killing loan defaulters.

Don't you have family?

You want your family to wail because of you.

Stop spewing thrash from your tuberculosis infested mouth.

slowpoke!

“Don’t I have family”

So you think the owners of the company don’t have family as well??
Shame on you potential criminal..
It’s you God will punish from stealing another mans sweat..
Ezi ofia

1 Like

Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by derek2(m): 10:57pm On Jan 04, 2022
Nigeria and our black way of thinking. You borrowed money and you refused to pay back, and if I may ask who owns the money?? Is it the lender or the borrower.

This topic shows that must Nigerians have lost there senses of reasoning. This shouldn’t even be a topic for discuss at all. Asides Nigerians not having an habit of paying back loans and averagely are criminals. If you borrow money and you do not pay back , the finance company is expected to do what it takes to collect there money back from you. Period!! What nonsense talk!!

1 Like

Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by Htt0: 10:57pm On Jan 04, 2022
grin
Re: Loan Companies In Nigeria & Their Contribution To Suicide In 2022 + Photos by michelz: 10:59pm On Jan 04, 2022
BluntTheApostle:


You must be an illiterate if you can't see grounds for suing these loan sharks.

First, there is a case of defamation of character. Except you can prove beyond reasonable doubt that the borrower is deliberately withholding repayment, you should never call them fraudsters. How can you call someone a fraudster simply because they have failed to repay their loans?


Second, criminal threat. I have seen messages where a Sokoloan agent was threatening someone with Ogun. In fact, this is a criminal offense.

Third, breach of my privacy right.

I can go on and on.

Defaulting on a loan is not a criminal offense. The law allows these loan sharks to report you to the supervisory and moderating credit agency. But the law does not allow them to threaten or publish your private details without your permission.
You just wasted precious time and energy explaining something to someone who doesn't have the capacity to reason logically.

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