Iliveforever:


You’ll go to court and tell them you borrowed and can’t pay back.
Keep quiet jare you’ll do nothing

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.

Octavoral:
To be honest, Nigerians are just assholes. In Nigeria, you borrow your friend money and you lose both the friendship and the money. Why must you apply for a loan that you don’t any reliable means to foot the loan? Even if they charge 40% weekly, your predicament shouldn’t be a yardstick to accept. The moment you accept the terms and conditions, you should be prepared to face the consequences if you default.

You put up a pathetic face when approaching for friend for a loan then you start acting up when it’s time to pay back. Nobody gives at dier convenience. Say I help u no mean say I no get Wetin I want use money do.

If you want die, die. Which one be “do you have any 60k you’re not using?”

I once met a Nigerian in Canada who opened 6 accts frim different banks, acquired credit card and spend the money on phones to resell in Nigeria for quick turnover. Things didn’t go as planned and his credit score was badly affected. Now he’s due for PR but his bad score is haunting him. E no make sense.

franciskaine:
how will you act in this situation?

You've just 200k in your account and you've your rent to pay in 2months time. A friend comes to you and laments how life has been difficult blablabla, requested for a loan of 100k which he promises to pay back next month after you explained your rent due date to him. Two months after, your rent is due, and all efforts to reach your debtor friend proves abortive because his number is deliberately switched off and location changed. Now your landlord is kicking you out. How will you feel?

Now consider this same situation for this loan firms.

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.

Lightway:



Mumu

Hanibbal:


Those borrowing money and refusing to pay are the thieves and bastards not loan companies. Loan companies didn't force their loans on you, you approached them for money so why default.

grandstar:
Do not borrow if you have no intention of paying back. It's that simple

CSTRR:
Why does that lady's status has available for hookup?

GenAbacha:


Shut tf up!

Ranting from a position of privilege.

One day you find yourself in the gutters and we’ll see if you’ll talk like this.

========================

On the loan topic, these companies should scrap this no collateral loan system they practice.

There has to be smart ways one can hedge something for a loan. Companies that also do this kind of business should also understand the risks involved in no collateral loans.

Do they even do risk management in those companies sef

Lightway:


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.

princewarri1985:
THESE LOANS COMPANIES ARE VERY STUPID I SWEAR, IF ANYBODY WANT TO COLLECT A LOAN, THE SHOULD ASK THE PERSON TO SUBMIT THEIR BVN AND ALSO MAKE THEM TAKE AN UNDERTAKING AND WORK WITH BANKS SO THAT ANY MONEY THAT ENTERS THE DEBTORS ACCOUNT SHOULD BE WIPED OUT IF THEY DEFAULT, BECAUSE NIGERIANS ARE VERY TERRIBLE IN PAYING BACK LOANS! THEY ARE BAD DEBTORS

SailorUgo:
They did same to my guy.
Person wey be millionaire o, had a few lands.
He ran out of cash working for a client.
Naso the yeye client no pay him in time and him don forget about the loan sef.

These loan guys no get joy. They called to remind him and as him dey run around to to get money to pay back, his pictures and that their wicked message don circulate Lagos, don even reach village, even to potential clients.

Baba just lean immediately.
The guy no get himself for 2 months.

Worst part be say the loan app no retract their messages or apologize after him pay Dem off oo.

Just avoid those guys abeg

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.

SeriouslySense:
But some Nigerians, have entitlement mentality, they are fake, they disguise themselves initially as decent, but will not pay what they collected, it ends in drama. It's better to not give, and have peace of mind if they are your friends, they may as well be fake, its better they call you names, and one loses such kind of fake friends, after all, they are fake and only want to take, not add value.

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.

SailorUgo:
They did same to my guy.
Person wey be millionaire o, had a few lands.
He ran out of cash working for a client.
Naso the yeye client no pay him in time and him don forget about the loan sef.

These loan guys no get joy. They called to remind him and as him dey run around to to get money to pay back, his pictures and that their wicked message don circulate Lagos, don even reach village, even to potential clients.

Baba just lean immediately.
The guy no get himself for 2 months.

Worst part be say the loan app no retract their messages or apologize after him pay Dem off oo.

Just avoid those guys abeg

Siberia01:


But I thought Nigerians are wealthy people as always portrayed on social media

Young ladies and men buying mercedes Benz and mansions everday