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Nairaland Forum / Nairaland / General / Business / Loan Sharks Persist With Cruel Recovery Practices (35084 Views)
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Loan Sharks Persist With Cruel Recovery Practices by ijustdey: 4:32pm On Nov 11, 2022 |
Several customers of some online money lenders have complained of undignified ways the lenders often employ to recover loans from them. These illegal practices, according to the victims, include declaring the debtors dead, designing and circulating their obituary to family and friends or tagging them HIV positive, among others. https://leadership.ng/loan-sharks-persist-with-cruel-recovery-practices/ 8 Likes 3 Shares
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Re: Loan Sharks Persist With Cruel Recovery Practices by successmatters(m): 4:34pm On Nov 11, 2022 |
This happens because of the evils of past governments. Vote Wisely. 46 Likes 3 Shares |
Re: Loan Sharks Persist With Cruel Recovery Practices by Hezzyluv: 4:40pm On Nov 11, 2022 |
Some customers wouldn't even bother reading 2ru the terms and conditions of these loan sharks. But I believe in a saner country, this nonsense will not and can never happen. Because sabotage from these loan sharks alone would make people 2be committing suicide. 31 Likes 5 Shares |
Re: Loan Sharks Persist With Cruel Recovery Practices by Thesaint141(m): 4:50pm On Nov 11, 2022 |
As I type right now Money in Minutes just debited my 16400 just because of 7k 44 Likes 5 Shares
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Re: Loan Sharks Persist With Cruel Recovery Practices by Eyesstone(f): 5:06pm On Nov 11, 2022 |
That is because we have a very useless government in the country. 41 Likes 2 Shares |
Re: Loan Sharks Persist With Cruel Recovery Practices by OllyArt(m): 5:13pm On Nov 11, 2022 |
Lol |
Re: Loan Sharks Persist With Cruel Recovery Practices by lordm(m): 5:29pm On Nov 11, 2022 |
Thesaint141:don't you have friends or family members to borrow from. Did you read their terms and conditions before borrowing. Blame yourself first. Upon all the stories you have heard about loan sharks, you still went ahead to borrow from them. You people never learn 83 Likes 6 Shares |
Re: Loan Sharks Persist With Cruel Recovery Practices by bmd1010: 5:33pm On Nov 11, 2022 |
Oh snap |
Re: Loan Sharks Persist With Cruel Recovery Practices by Klington: 5:34pm On Nov 11, 2022 |
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Re: Loan Sharks Persist With Cruel Recovery Practices by WowSweetGuy(m): 5:35pm On Nov 11, 2022 |
Idiots are still in business? 2 Likes |
Re: Loan Sharks Persist With Cruel Recovery Practices by TA4TA4: 5:35pm On Nov 11, 2022 |
Lol..... I dey fear who no fear loan sharks... Its just the messed up situation we find ourselves in this country.... Na so them dey take step out when them wan guzzle the small change from your account https://www.youtube.com/watch?v=dha-tdfyobE |
Re: Loan Sharks Persist With Cruel Recovery Practices by irunoko(m): 5:35pm On Nov 11, 2022 |
![]() Both the lenders and the loan companies are very funny and ridiculous 7 Likes 3 Shares |
Re: Loan Sharks Persist With Cruel Recovery Practices by TechCapon(m): 5:35pm On Nov 11, 2022 |
It's a lie, Nigerians borrow without intention of paying back. Loan apps now have a feature that allows you to extend your payment date if you can't afford to meet the payment deadline. Nothing stops you from extending your deadline instead of allowing yourself to be embarrassed. Some of my contacts have been embarrassed by loan apps shame dey catch me 46 Likes 1 Share |
Re: Loan Sharks Persist With Cruel Recovery Practices by Ekundayo7574(m): 5:36pm On Nov 11, 2022 |
Lol if you need a loan tell me I will tell u ways you can apply without them sending messagess to your contact 7 Likes 1 Share |
Re: Loan Sharks Persist With Cruel Recovery Practices by RaptObserver: 5:36pm On Nov 11, 2022 |
Na their interest be the problem |
Re: Loan Sharks Persist With Cruel Recovery Practices by lesbiconverter: 5:36pm On Nov 11, 2022 |
Thank God I'm free from the thieves ![]() Now everyday they call and beg me to borrow money from them ![]() The interest they charge is so daring because they know you are desperate. I cried the last time I paid my whole salary and was still owing. It's like working for some people sitting and waiting for the money. I had to sell my valuable to clear my debt. No matter how much I block them now, they still find a way to get their call through. My advice : never patronize the loan app again because the debt will keep growing 70 Likes 5 Shares |
Re: Loan Sharks Persist With Cruel Recovery Practices by FalseProphet1(m): 5:36pm On Nov 11, 2022 |
Only an otondo would be embarrassed by a loan shark. If they choose to be ruthless then you must be smart. Having seen how quick they are to defame their customers and you need money urgently but can't stand the embarrassment that comes with their money, buy a cheap fairly used Android phone (not your main phone with your contacts) store fake contacts on the phone and download their app and borrow money. If you default, they would be sending defaming messages to your fake contacts on the phone you used to download their app while your main contacts are in your phone safe. That's how to follow them, if they insult you as 99% of them have bad mouth, insult their entire generation back and if it's a female tell her that you've locked her womb that she'll be barren for life. Threaten them with juju and tell them that they'll all die by accident before the end of the week, Las Las they're the ones who would beg you to pay. That's how you follow loan shark operators. This I have seen. 135 Likes 6 Shares |
Re: Loan Sharks Persist With Cruel Recovery Practices by Kiddogarcia(m): 5:37pm On Nov 11, 2022 |
I'm not justifying anything ooo, but you have to use God beg God before some people will ever think of repaying their debt. Na we be your best plug for everything sexual enhancement tho 8 Likes 1 Share |
Re: Loan Sharks Persist With Cruel Recovery Practices by Brendaniel: 5:37pm On Nov 11, 2022 |
When there is a cruel government like APC in power, what do you expect... Thanks to Tinubu who brought such cruelty to governance through Buhari Thank God for President Peter Obi(GCFR) who has come to remove such cruelty 15 Likes 2 Shares |
Re: Loan Sharks Persist With Cruel Recovery Practices by ecolime(m): 5:38pm On Nov 11, 2022 |
Crazy Loan sharks VS Chronic debtors Na God go help una settle the matter. But make we talk true, most Nigerians lack the main ingredient in credit which is character. Why borrow money with no intention of paying? 30 Likes 2 Shares |
Re: Loan Sharks Persist With Cruel Recovery Practices by mytime24(f): 5:38pm On Nov 11, 2022 |
V 1 Like |
Re: Loan Sharks Persist With Cruel Recovery Practices by Gee64: 5:38pm On Nov 11, 2022 |
Preying on the people's poverty! 3 Likes 2 Shares |
Re: Loan Sharks Persist With Cruel Recovery Practices by Brokeloser: 5:38pm On Nov 11, 2022 |
Now this is funny.Loan sharks dem be werêy.From printing people's obituary photos to declaring them hiv positive.Nigerians are a special breed. 15 Likes
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Re: Loan Sharks Persist With Cruel Recovery Practices by MuslimMuslim: 5:38pm On Nov 11, 2022 |
Nigerians are wicked. Treat them with kids gloves at your own peril 20 Likes 2 Shares |
Re: Loan Sharks Persist With Cruel Recovery Practices by Henix(m): 5:38pm On Nov 11, 2022 |
There are many ways to beat loan sharks in their games nowadays na 6 Likes |
Re: Loan Sharks Persist With Cruel Recovery Practices by ATEAMS: 5:39pm On Nov 11, 2022 |
Ok |
Re: Loan Sharks Persist With Cruel Recovery Practices by NotKnown: 5:39pm On Nov 11, 2022 |
They keep doing that again and again cos they know that there's nothing the government will do. Highest they will go behind and bribe them and the enforcers look the other way. If govt was serious, just as they banned Twitter effectively they can also ban them, place a lein abi na lien on the accounts or PND on the accounts of the loan sharks. Cos I am. 100% sure people who collect loan from them pay back through Nigerian banks. This is typical see finish. It's a slap on the face of the government. They just told them to the face that there's nothing government can do about it. These days they have started printing fliers obituary fliers and print fake HIV status for defaulters just to shame them the more. That's more than cruel. It's now barbaric. The only thing is that if you have collected from them and then they shame you, don't ever pay back. That's the highest they can do. All that threat to come to your house is a lie. All that arresting you and taking you to court na wash 100% ![]() If you can endure and hold for 30 days they will give up and count it as a bad loan. However, don't collect again. 18 Likes 1 Share |
Re: Loan Sharks Persist With Cruel Recovery Practices by remi4ever(m): 5:39pm On Nov 11, 2022 |
What they did to my friend last week was more than cruel!! If we had a sane government, companies like this should not be sprouting everywhere. What a shame!! What a country!! 4 Likes |
Re: Loan Sharks Persist With Cruel Recovery Practices by Houseofglam7(f): 5:39pm On Nov 11, 2022 |
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Re: Loan Sharks Persist With Cruel Recovery Practices by BATified2023: 5:39pm On Nov 11, 2022 |
God bless loan sharks, Nigerians are d hardest to deal with when money is involved. At this stage of my life I have realized the best thing is never to allow your money enter anybody hand unless u want give am cos money given to Nigerians on d pretense of Loan is as good as gone One guy use abeg borrow 15k from my hand n he promised to pay d following week,I call tire na excuse e reach one stage e no pick my call again for over 4 months ooo One day wey I vex send am message he sent me 10k n since then none of us talk about d money again,I don learn my lesson Na Nigeria u go borrow person money u go ask am for your money e go tell u say call me by 8pm U go call am by that time n he will tell u Oga u are disturbing me n before u know it e don end call Once u borrow some people money them go clear u say last last make we go station make I write statement say I go dey pay u 1k per month All in all don’t borrow people what u can’t give them 20 Likes |
Re: Loan Sharks Persist With Cruel Recovery Practices by bigcee(m): 5:40pm On Nov 11, 2022 |
Thesaint141:Please explain how? Wetin really happen? 2 Likes |
Re: Loan Sharks Persist With Cruel Recovery Practices by generalwo(m): 5:40pm On Nov 11, 2022 |
ijustdey: Na them know..... All i know be say you no fit defame me and expect me to repay what i owe you... My reputation for your money. If you value your money, i value my own reputation..... If you want your money, don't defame me.... The moment you defame me, forget that i owe you because i wont pay N1...... Take me anywhere, i go beat you..... All of us can be mad at the same time!!! Id government no fit fight for me, i go fight for myself!!!! 25 Likes |
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