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7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria - Career (5) - Nairaland

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Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by ubee(m): 6:01pm On Jun 18, 2021
My guy you guessed right. Carbon is number 1 by a mile. But mehn those texts are damaging! It's now looking like a very unprofessional organisation employing crude methods in their operations. People should just try their best to avoid borrowing. I know how i felt for the two months i was overdue. It was very uncomfortable. They sent me texts with all sorts of threats about listing my name and pics in a public list of defaulters, and how they would inform all my contacts. It wasn't easy o!
Dogasas:

Either carbon or branch. At least those ones dey try, they'll just be reminding you with calls and texts..

Unlike sokoloan, xcredit etc
They'll send shits like this to all your contacts. Including your exes, boss, family, business partners
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by tuboi: 6:04pm On Jun 18, 2021
Now that more people are aware of Mental Health and trying to stay away from anything that can steal their peace,I’ll advice that you stay off Loan apps.Imagine someone you’ve not spoken to for 5-10yrs getting a text, that you are a criminal on the run....Nothing is urgent..That’s one thing I learnt during my service year...
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by Oyinlomobambam(m): 6:20pm On Jun 18, 2021
I happen to borrow from them something back and before I could pay na war, I nearly die. Thank God now.

But what I don't like about them is after paying my loan and delete their app from my phone, they keep calling and sending messages to come and borrow another one.

Please what can I do to stop them from calling and message me?

Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by joshuaudom(m): 6:24pm On Jun 18, 2021
Great article
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by DOCU(m): 6:29pm On Jun 18, 2021
Create a separate google account.
Save unknown numbers there...500+.
Each time you want to apply for loan, use the scam profile as your phone account.
If they want to send message to your contacst, they will send it to those unknown numbers.
I clashed with one Mr Daniel at Sokoloan. Their app malfunctioned and I could not repay. All they did was to send those messages. When they discovered that their approach has no impact, they started begging. The threat that they will report you to Credit Bereau is nonsense.

6 Likes

Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by evil1: 6:34pm On Jun 18, 2021
easybuy is the worst
those guys stole 8k funds from a direct family of mine and still came up with different amounts from different agents that he's owing. today they will say 58k tomorrow it will be 15k. meanwhile the dude has cleared the debt.


dhoncesar:
Most of them are owned by most of our politicians. This I have checked and confirmed. ... This is this other app that loans money and they have another name called easyby which you can buy phones and electronics and pay small small. They re all scam. Your bvn is at stake .

Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by headTO: 6:36pm On Jun 18, 2021
Where in Abuja are u? U can send me a mail on osechichi@gmail.com
Nicholaspepe:
Is there any Nairalander that can just call me and saw come and take dis job offer in Abuja no matter how humbling or menial it may be?
I want to share this testimony pls. Life after NYSC had been so so tormenting
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by toluxe0075: 6:36pm On Jun 18, 2021
Felixalex:
Hmmmm

Make Una listen o, until this stuff is almost ruining your life before you realize what u've gotten urself into.. u keep borrowing and paying and they keep increasing the limit, before u know it, ure using Ur salary to service loans...

This happened to me until I had a big deal that gave me a lump sum, before any other thing, I paid off all loans (even those that were not due), uninstalled the apps and prayed to God never to allow me get into a situation that would make me seek such loans again... I was lucky, u may not be!


I pray I get a lump sum too o so I can be free from these guys. Borrowed money to do business but things didn't go as planned. I've been servicing debt since then.
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by Felixalex(m): 6:38pm On Jun 18, 2021
toluxe0075:


I pray I get a lump sum too o so I can be free from these guys. Borrowed money to do business but things didn't go as planned. I've been servicing debt since then.

It is well o
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by Nobody: 6:54pm On Jun 18, 2021
headTO:
Where in Abuja are u? U can send me a mail on osechichi@gmail.com

Alright sir. I will do that right away
You can check your email now.
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by Nobody: 6:57pm On Jun 18, 2021
coming2america:


What do u do? Whats your level. Wher do u liv e

I stay in Karu, Abuja.
B.sc Statistics
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by Tekzyflex(m): 7:00pm On Jun 18, 2021
Perfectbeing:
Yes. But with low interest, a minimum of 7 years grace period and long period of about 20 years to repay the loan.

The truth is that sometimes you maybe in a very tight corner and no one will loan you.

2 Likes

Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by toyinpin: 7:09pm On Jun 18, 2021
Abragidi:
Sorry for the embarrassment OP...But,most time I ask myself,what Bussiness or Emergency would demand 7k to solve??



Can you help teach fx and binary?
Loans are meant to be collected for business purpose so you pay back...5k loan is for what emergency please in this Nigeria??..

God help us and Bless every Hustler out there...E go better...I teach FX and Binary and how you can be making $5-$10 almost every day... and Cashout weekly...

My advice is,learn skill that brings money not one that you start putting in CV to apply for jobs..
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by funshint(m): 7:22pm On Jun 18, 2021
Nicholaspepe:
Is there any Nairalander that can just call me and saw come and take dis job offer in Abuja no matter how humbling or menial it may be?
I want to share this testimony pls. Life after NYSC had been so so tormenting
Go out to companies and search online stop looking for one anonymous person to call you up for an imaginary job...many kidnappers and ritualists are on the prowl.

1 Like

Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by QueenVaji: 7:30pm On Jun 18, 2021
DOCU:
Create a separate google account.
Save unknown numbers there...500+.
Each time you want to apply for loan, use the scam profile as your phone account.
If they want to send message to your contacst, they will send it to those unknown numbers.
I clashed with one Mr Daniel at Sokoloan. Their app malfunctioned and I could not repay. All they did was to send those messages. When they discovered that their approach has no impact, they started begging. The threat that they will report you to Credit Bereau is nonsense.

cheesy die hard
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by QueenVaji: 7:33pm On Jun 18, 2021
Nicholaspepe:


Alright sir. I will do that right away
You can check your email now.

your not worth help...see the way you kept replying to people here...mannerless goat go back to your b4 they kill you for nothing in abj..
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by QueenVaji: 7:33pm On Jun 18, 2021
Nicholaspepe:


Alright sir. I will do that right away
You can check your email now.

your not worth any help...see the way you kept replying people here...mannerless goat go back to your house b4 they kill you for nothing in abj..
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by Map1(m): 7:52pm On Jun 18, 2021
Nicholaspepe:


There's no point saying all these pls
am sorry bro, every one has the same problem we are just trying to change the narrative, just that everyone one of us can't take the same path, what I was trying to bring in then was trying to advise you to change your location,it always amazed me when people are searching for job there's alot we can do on our own and we will live fine
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by Map1(m): 7:54pm On Jun 18, 2021
Oyinlomobambam:
I happen to borrow from them something back and before I could pay na war, I nearly die. Thank God now.

But what I don't like about them is after paying my loan and delete their app from my phone, they keep calling and sending messages to come and borrow another one.

Please what can I do to stop them from calling and message me?
thank them and move on
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by otomatic(m): 7:55pm On Jun 18, 2021
sylve11:


i know you're a manager in one of those shark[s companies. embarassed cool

On the contrary. I'm an earth scientist and an investor. And in investing, I must see how my money will be recovered or NO deal.
That being said, I would have loved to get in on this loan action.
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by Nobody: 8:04pm On Jun 18, 2021
Map1:
am sorry bro, every one has the same problem we are just trying to change the narrative, just that everyone one of us can't take the same path, what I was trying to bring in then was trying to advise you to change your location,it always amazed me when people are searching for job there's alot we can do on our own and we will live fine

It's ok. No problem. Sorry for the way I reacted. It's really been tough and tormenting. Been the first child isn't easy and has compounded the issue. Thanks, and God bless

1 Like

Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by Nobody: 8:08pm On Jun 18, 2021
QueenVaji:


your not worth any help...see the way you kept replying people here...mannerless goat go back to your house b4 they kill you for nothing in abj..

Ah! Are u sure I deserve such response?
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by Jinglebell70: 8:12pm On Jun 18, 2021
Well I won’t advice someone to be lending from all this online lending app.. during my final year at university I was in virtual mess to the extent that I have no choice than to borrow from multiple Loan app, though I check people review to avoided downloading wrong app and the ones with bad image and devastating way of recovering there money back..
thanks to God it help me during my last year in school and before I knew I was owing up to 200k gbam e shock me..
I wasn’t threatened just normal message few times and they never tried to message my contacts cos I lend from the ones I see people don’t complain a lot on the app review..
fortunately after my Nysc I made sure I cleared all my loans and since then not me and them again doing any fucking buisness..
there are some logic to it if you ain’t buoyant or you are incapacitated to pay back for now..
your money won’t be removed while I put you through some steps..
contact me on WhatsApp if you are going through mess because of loans app..
I will kindly advice and put you through on how to deal with them till you sort them out..
07068023004..
Woo don’t be addicted to this fucking loan apps ooo e no good ajeh

1 Like

Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by Map1(m): 8:22pm On Jun 18, 2021
Nicholaspepe:


It's ok. No problem. Sorry for the way I reacted. It's really been tough and tormenting. Been the first child isn't easy and has compounded the issue. Thanks, and God bless
let me tell you first erase the issues of being a first child from your heart,if you can't find a white collar job, change location find your way into transportation business it requires no certificate or boss from their you get your self together.

1 Like

Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by Fantazy(m): 8:32pm On Jun 18, 2021
The best post I have read so far on this forum

Nice one!
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by funshint(m): 8:34pm On Jun 18, 2021
Please avoid these loan companies; like run away as fast as your leg can take you...Sokoloan, 9Credit, imoney, Xcredit, Cashlion , L-money etc very terrible apps. How can you lend to people at very high interest with low maturity; some 6, 7 or 8day! It's just a matter of time that person will borrow to the point that he/she becomes overwhelmed, then default starts. Pls run away from those apps they do more harm than good. But I must commend the exceptional ones among them...Carbon, Branch, Palmcredit, Moneypal(Zedvance), Okash, NodCredit.
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by Oyinlomobambam(m): 8:36pm On Jun 18, 2021
Map1:
thank them and move on


They're stalking me... Everybody ooo
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by Map1(m): 8:40pm On Jun 18, 2021
Nicholaspepe:


It's ok. No problem. Sorry for the way I reacted. It's really been tough and tormenting. Been the first child isn't easy and has compounded the issue. Thanks, and God bless
May God be with you,take my case as a case study, when I finished from school I was employed as a sales representative in one telecom industry in Ibadan,I worked for for years I have to resign,then move to Jos get another job under foam company ,I av to resign once again because I see my self working under modern day slavery and I came back to Ibadan,I purchased a brand new trycicle at the rate of 380k that was then o,and I was doing transport business in a month I made nothing less than 100k , now if anyone will give me a job I will not take less than 150k as salary, tell me which company go pay me that with the small book wey I read? but maruwa is now 870k oooo and we are doing fine, just try and change location.its well brother
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by chrizzyace: 10:48pm On Jun 18, 2021
If there's one loan company in Nigeria that has the worst loan officers, it should be Soko Loan. You dare not exceed your due date, they will frustrate your life and even threaten you verbally, as if one doesn't know the implications for defaulting a loan.
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by Nobody: 12:39am On Jun 19, 2021
A very criminatory text about someone close was sent to me by one of this loan sharks. Having read much about them on NL, I didn't even bother to call the person because I know she must be going through a lot already. I just deleted the foolish text immediately.

Govt needs to ban these loan sharks. They are doing more harm than good.
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by aviationguy: 5:27am On Jun 19, 2021
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