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Nairaland Forum / Nairaland / General / Career / 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria (50404 Views)
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Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by Emmakul8: 4:49am On Jun 20, 2021 |
We are taking this up even legally. If you are sure of yourselves provide an address Naa. The Soko guy said Agidingbi, our team went there, Na fake address. We later called him he changed his words and later said it's Abuja. You people know the wickedness and havocs you have created into people's life. But watch out, God lives. Evil loans would go down. We are just starting. I NIGERIA MUST DO SOMETHING URGENT ABOUT THE KILLER LOAN APPS IN THIS COUNTRY. Nigerians are at present being terribly exploited by on-line money lending platforms. It is like a sort of prison without walls. And the experiences with these debts 'Prison' are simply traumatising. Today, there are hundreds of loan apps on the goggle play store literally feasting on Nigerians with their outrageous interest rates and very short term repayment tenors. Some sites offer loans with repayment tenors of only 7 days and 14 days. The most curious thing is that their advertisements, targeted at luring unsuspecting, poverty stricken and dire need audience, are deliberately skewed to give false picture by making their offers look customer friendly. They usually advertised 60, 90, 180 days, etc repayments plans/tenors with attractive interest rates. But once you signed up, the real monster picture is unvail to you. Take Sokoloan that gives say N14, 000 for subscribers to repay N21, 175 (N7, 175 interests) and its subsidiaries, and co - travellers like 9ja Cash, 9credit, Gocash, Lcredit, imoney, Okash, Kas Kas, Xcrosscash, icoin, Naira plus, Fast Cash, Fast Money, Naira cash, cashmall, xcredit, easy money, etc. Apart from extremely short repayment tenors, high interest rates, they have highly temperamental and abusive staff. Just a day default on repayment can earn you the highest embarrassments. They will send threats text messages to all your contacts, rain abuses, insults on you and your family. In fact they go to the extent of threatening you with Police, EFCC, Inter Pol, and declaring you a fugitive. That is besides charging you huge defaulting fee. The aim is not just to drive fear into you but actually to tarnish your image and reputation. And they do boldly communicates their devilish intentions to you. Look at these two messages: THIS IS TO INFORM THE GENERAL PUBLIC THAT THE ENTIRE FAMILY OF GBOT ARE THIEVES, THEIR DAUGHTER MERCY GBOT WHO IS AN ARM ROBBER/HARLOT WITH NO ..... DUPED A COMPANY AND SHE IS NIT TO BE TRUSTED WITH ANY FORM OF TRANSACTION HENCE DISTANCE FROM HER AS SHE HAS PROVEN TO BE A THIEF (22163911745) A CHRONIC DEBTOR AND FRAUDSTER MR. DUCK SAM WITH PHONE NUMBER .... WANTED BY NPF/EFCC HE ABSCONDED WITH COMPANY'S MONEY, INFORMED HIM TO PAY BACK OUR MONEY NOW OR HE GET ARRESTED .... imoney. It is high time the government of Nigeria did something about these wicked merchants taking undue advantage of the prevailing economic situation in our country to ripe poor Nigerians off mercilessly. Research has shown that the damage caused in the lives of people by the unscrupulous activities of loan companies can better be imagined. Some of the loan sites have device fraudulent ways of debiting people's account illegally. The criminal indulgence usually happens between 1am to 4am. Many have lost huge money through debious channels. The Kenyan government recently sanctioned similar financial merchants in her country, Nigeria can do the same. The loan apps have become slaughter slab where the already impoverished citizens of this country are being bruised, battered and bloodied. These human abattoirs must be shown the way out of this country fast. Debtors are not thieves! "Na condition dey make crayfish bend." 4 Likes 1 Share |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by Dogasas: 7:01am On Jun 20, 2021 |
Emmakul8:Fact is, how many family and friends are willing to help? See for this life ehn nobody send you o. Nobody gives a damn about you. When you're in need or suffering nobody will help you but when you die, they can drive a thousand miles to come and eat your burial rice . That's how cruel man is so don't blame people using this loan sharks despite their crazy interests and unrealistic tenors, it's because they don't have choice. Even the loan sharks knows this. They know you can never meet up and will likely default. Cc generalwo 1 Like |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by Dogasas: 7:04am On Jun 20, 2021 |
Emmakul8:That method of retrieving their money is simply blackmail. They are sending false messages to your contacts simple because they want you to pay up, that's blackmail and it's a criminal offence. See most people never had the intention of defaulting. But common man what's the essence of paying when you've already embarassed me by telling my contacts I'm a criminal on the run. Some apps like Lcredit will even go as far as lying to some of your contacts that you used them as guarantor and they should beg you to pay. Imagine someone you've not spoken to in years calling to para for you as to why you used him as guarantor for a loan . 3 Likes |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by Dogasas: 7:22am On Jun 20, 2021 |
Emmakul8:Don't waste your time. They have plenty employees but don't have a physical office. They have a gathering center sha where some of their workers gather with laptops and phones to perpetrate evil. But they are so discreet and prudent with their address they warn workers not to lay it off to customers. 2 Likes 1 Share |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by generalwo(m): 10:40am On Jun 20, 2021 |
Dogasas:.. They will meet their waterloo soon...... That's for sure 1 Like |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by generalwo(m): 10:40am On Jun 20, 2021 |
Dogasas:...... Very soon. They will drop guard....... Trust me on that 1 Like |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by Tonysmith4sure(m): 11:04am On Jun 20, 2021 |
Their intimidation and humiliation is something else 1 Like |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by MrFollowFollow(m): 5:29pm On Jun 20, 2021 |
generalwo: Then what will happen?! |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by MrFollowFollow(m): 5:41pm On Jun 20, 2021 |
Tonysmith4sure: That is the only language Nigerian debtors understand. Trust me I'm talking from experience if you treat Nigerian loan defaulters with kid gloves they will take you for a fo0l and wreck your business. 2 Likes |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by generalwo(m): 7:41pm On Jun 20, 2021 |
MrFollowFollow:.... Why spoil the fun with details? Just wait till then |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by chiboi19(m): 4:49am On Jun 22, 2021 |
Dogasas:You call loans they give evil just because you can’t pay back and you use evil to justify your own very wicked self How will you take a loan and not want to pay back? Y’all are the evil ones for wanting to take a loan and not pay, for wanting the government to bring it down and leave thousands of people jobless because you owe a lot of loans apps and you simply need a way of not paying back now y’all a Mobilizing yourself to shut them down because you are jobless Nigerians are the problem everywhere |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by chiboi19(m): 4:53am On Jun 22, 2021 |
MrFollowFollow: Exactly Debtors will be proudly telling you that they won’t pay on the due date when you call them and that you should do your worst They’ll be so arrogant at first and then when you take your own decisions they take it around and say the company is perpetrating evil when they themselves have evil intentions of not wanting to pay back |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by chiboi19(m): 5:07am On Jun 22, 2021 |
Dogasas: If the client had paid up ⬆️ on time Messages won’t be sent This is business nobody prays for unforeseen eventualities but that’s not the company issue it is yours to take care of just pay back the loan as agreed is what the company cares about because if everyone who takes loan start talking about their own issues then the company will go bankrupt because the company also pays people that work for them, y’all don’t know how much paystack charge this companies and they also don’t have any excuses for not meeting up with pay-stacks payment Don’t be selfish and think of yourself as the only one that has a cross to carry And If you’ve ever worked as a collector in a loan company you’ll know the pain and inconvenience people who default can cause and how many staff have been sacked for not retrieving loans. y’all think it is easy for these staffs too |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by Nobody: 8:12am On Jun 23, 2021 |
I just paid 300k and installed everything. Never again guys. This is a very sincere advice. Leave the sharks o. 7 days to pay over 30 percent interest. 1 Like |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by MrFollowFollow(m): 2:58pm On Jun 23, 2021 |
Tonysmith4sure: That is the most effective way to recover their money because Nigerian debtors hate paying back loans. On due date a Nigerian debtor will start giving useless excuses about how their bank app has stopped working. When they want the loan they will be begging and chasing you around all over the place but as soon as it's time to pay back the loan you will start hearing all types of lies and excuses |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by Dogasas: 3:02pm On Jun 24, 2021 |
chiboi19:Oga keep quiet and stop quoting me. 3 Likes |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by Dogasas: 3:06pm On Jun 24, 2021 |
I just paid 300k and installed everything.At a point in time , you'll still be tempted to go back to them. Best thing is to borrow and don't pay so that when next you're tempted, you won't be able to collect their blood money coz there's a pending debt. If you know how many people have commited suicide coz of those vagabonds you'd know it's blood money @ekene101 and generalwo stop quoting this MrFollowFollow dude. If he never send stupid messages to someone's contacts all because of 3k commission, he no fit see food chop. Just ignore him. Na sokoloan landlord. 4 years now he don dey work with them he never see better work. Ignore him, he no get life. 5 Likes |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by seunadio1: 4:06pm On Jun 24, 2021 |
Emmakul8: Please Lalasticlala come and move this topic to the front page. People are really dying daily in this country because of these evil loans. |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by chiboi19(m): 8:14am On Jun 25, 2021 |
That’s just the truth Other people take loans from Soko, 9ja cash and their only complaints is that the interest is high or the they didn’t get responded to on time The ones who don’t pay back loan on the due date and the ones saying rubbish everywhere They want to borrow and not pay and pay when they like as if there was not an agreed loan repayment date People tend to look away with the T & C because of their urgent need after which when satisfied and they can’t meet up they start saying all sort of things to get away with their own evil 1 Like |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by MrFollowFollow(m): 12:51pm On Jun 26, 2021 |
Dogasas: See who dey talk. You see food chop? No be him make you dey borrow 5K upandan wey you no fit repay? |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by generalwo(m): 6:45pm On Jun 26, 2021 |
MrFollowFollow:...... I still dey find better name wen I go give you...... Borrow no be thief...... And the way e go take better for u na if you never borrow before..... Na people like una dey build castle for air... At the end of the day, na borrow borrow some of una friends take store una name 3 Likes |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by ekene101: 6:37am On Jun 27, 2021 |
MrFollowFollow:the time it took me to reply u is d distance between u and sense. No salary for u dis month as we no go pay back d loan. Murderers.. 2 Likes |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by MrFollowFollow(m): 5:48pm On Jun 27, 2021 |
ekene101: You're nothing but a two-bit career criminal |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by MrFollowFollow(m): 5:49pm On Jun 27, 2021 |
generalwo: I think you should focus more on repaying your loan of 14K! |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by Dogasas: 5:57pm On Jun 27, 2021 |
MrFollowFollow:Haha.. small pikin like you. If I see another of una app I go collect another 5k use am drink beer. Even if I get 20 billion for account. I go still collect your useless apps awoof. Craze dey worry you. 2 Likes |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by Dogasas: 5:59pm On Jun 27, 2021 |
ekene101:Person for ibadan don commit suicide because of those idiots before. Person wey no strong no fit withstand those bastards. |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by generalwo(m): 6:04pm On Jun 27, 2021 |
MrFollowFollow:..... Loan wen your pman gimme abi? Odeh! If life better for u, u for no dey draw money follow the whole 9ja.....na borrow I borrow I no thief.... Carry me go court I go win you because them no recognize your company as a financial service provider..... And that's why fear no dey let una disclose una identity and location..... U and your company are as guilty as every loan defaulter... U are only registered under CAC which can be done with 20k or less these days. You idiots don't pay tax and are more of criminals than the loan defaulters you label criminals. Other credible apps like fair money and branch have offices and staffs who are well known and respected but no one respects soko loan and their staff because they are all criminals who are constantly hiding to perpetrate their evil acts but I assure you, one day your guard will drop and you will feel the wrath of the people you have tarnished their images. And lest I forget, you got your info wrong.... I'm owing more than 14k....comma beat me in my house or bring police to arrest me. Ewu 4 Likes |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by ekene101: 7:52am On Jun 28, 2021 |
MrFollowFollow:murderers.. we will keep collecting and not return till u run out of business..I am in my house come and arrest me and continue messaging my dummy contacts,who cares.. 1 Like |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by MrFollowFollow(m): 8:15am On Jun 28, 2021 |
ekene101: Shameless onigbese! |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by MrFollowFollow(m): 8:18am On Jun 28, 2021 |
Dogasas: Onigbese! You go soon reach your last bus stop |
Re: 7 Reasons Why You Should Avoid Loan Apps (Sharks) In Nigeria by MrFollowFollow(m): 8:19am On Jun 28, 2021 |
generalwo: Shebi you have already lost a job because of loan default. You will still loose another job |
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