Osobi32:
Are u aware that this loan sharks are just taking advantage of the economic hardship in Nigeria to reap people off? Do you even understand that it's an act of criminality to give someone a loan at 50% interest within 7days. They annoying part of it all is that these companies are owned by Chinese!

...but no One was ever forced into taking a LOAN. They're free to even charge a 999% interest rate. You people are funny - You take something, then default to agreement.

Iceking1:



Okay thank you so very much, I will not borrow to pay them and whenever they calls I will pick their call and assure them that I would pay, or better still I will take one month extension until I finally sold my TV to pay.

I really hope that they won't debit my other account, because I have money for contributions from people there.

I don't think they can exercise GSI mandate yet.

bassdow:


I'm tempted to say "I don't blame them" because MOST Nigerians are good at defaulting. Can't recall how many times I've had to cancel debts owed to Me. To the extent When they ask, I tell them I wouldn't give them. I don't bother telling a LiE that I don't have.

MOST HUMANS default on loans
It's a worldwide phenomena not a Nigerian thing
That's why USA is helping out with student loans
Same reason little kenya ,botswana and Tanzania chased every loan shark out
That agberoism and thuggery is accepted here doesn't make it legal to insult a person for defaulting

headbasher96:
No collect gbese wey u know say u no go fit pay its very simple why not borrow from someone than these people

They CAN'T borrow from "someOne" because often times, that "someOne" knows they hardly would pay back + that "someOne" knows their LOCATION

They are already all under investigation and when it done non of them would escape.....!!!

The worst of all is almost all of them are Chinese owned and the stupid Nigerians be acting like slaves to them....!!
Can a Chinese do this to their own people if it where a Nigerian company they borrowed from?

I don't think this people they deferm would ever pay back that money again...!!

OriOko88:
Na only fairmoney and palm credit I dey deal with. The new method they employed in getting their money back is liking ur ATM card with their app,so anytime one defaults they can debit u straight from ur acct. They re now smarter. Na palmcredit did that for me..dem deduct 5k from from my acct out of d 15k I dey owe them.. I shaperly withdrew my 4k balance from my bnk

Is it only the account that you linked with your atm that they can debit? Or they can also debit your other bank accounts linked to your bvn? Please respond.

bassdow:


They CAN'T borrow from "someOne" because often times, that "someOne" knows they hardly would pay back + that "someOne" knows their LOCATION

thats quite true so hw is your new going boss

SergeantTitus:
Around 2020 or so I made a mistake borrowing from them . The exact day loan was due they started sending messages to my contacts that I'm a criminal on the run with company money and I should be reported to the nearest police station if found. Family and friends started calling to ask what was happening.

Mistakenly?
Say “walahi”

remsonik:

Ole ni e! Chop their money clean mouth but your stomach will burst and if you borrow it to defraud them same way you will live with people defrauding you all the days of your life. All through the days of your life you will always live in pain, shame and disgrace

..... Ogun kee your pa.... Mugu.... U defame me, make i pay you your money? Go collect the money from the people wen you report me give.... Oyibo people talk say you can't eat your cake and have it...... The only leverage fools like you in form of loan sharks have on me is the contacts at your disposal but since you have exhausted your leverage... I must use mine.... An eye for an eye....... Make ogun split your head into 800 pieces.... Useless pikin..... Those who have died as a result of depression caused by loan sharks, who pays for their deaths..... It will never be well with you or anyone who wants to render you help in life.... Son of a bloody fool.
Make werin you nor know kee you.... As long as you guys keep defaming people, Nigerians will keep collecting your money without intentions to pay back..... What is good for the goose is good for the gander...... Hopeless son of a witch and a pedophile....

Nazgul:
The problem is people would still borrow money from them, then come online to cry victim. If everyone stopped patronizing them, they'll shut down. It's that simple.

Nigerians dont just like repaying loan, thats why most banks went under, if they dont do it this way their business will collapse. Just lend money to 10 people, 9 must default the payment terms with one reason or the other.
One went and I collected my money behind my back, when I asked he said that he used it to pay rent that things are very hard in Nigeria.

He said he will pay a fifth of the money, i told him to pay me half in the first payment, he said that he dont have money that he has to feed his family.
I know a lot of people who has collected money from these people and has made up their mind not to pay them .Nigerians are bunch of ruthless, religious, ungodly people especially when it comes to issues of money

Naturally, I do not like owing at all, so I once patronized one of these loan apps, I got a phone from them in which I was made to pay in instalments. I cleared the said amount about two months before my due final payment. After then, they kept calling & texting, praising me that I was such a loyal costumer. They kept luring me to go for a financial loan from them, gave me juicy offers but I kept turning them down. I hardly borrow. However, things got really tight for me at a point this year, I had tried many options but there seemed no way, then I remembered my darling loan app. I went through their offers, as a good old customer, they were willing to give me 88k even as a first timer (for the cash loan) based on my "excellent" past record. While going through the app, I wanted to check the low interest rate they were always promising me, I wasn't at the last stage of application, suddenly I got an alert of 88k. These people like me o, I thought to myself until I checked again to see the interest. I insulted their ancestors in my mind from my heart. Fast forward, my dear loan people sent one very terrible sample of WhatsApp message they had prepared to send to my contacts if I defaulted. This was like two days to the d-day. Omoh, that night, I look for money settle them jejely. From then on, I paid twice in a month sometimes. I will never try any of those loans again, no matter the hailings and enticement. If you owe, please pay, but don't go borrowing from these guys if you're one who doesn't pay back loans, simple.

Moz22:
gotta feel for these people... I was once their customer like 3 years ago until they did me dirty, although I paid back tho.. but I vowed to have my revenge. Some idiots texted me about some loan whatever and asked if I was interested, I went to do a due diligence on the app but I couldn't find it on play store and they don't even have a licence from CBN to operate, I sha took the loan to repay in 7 days.. on the 7th day, they started with their calls and threat. I sha paid them and borrowed again.. this time, about 5 other sister app of that loan contacted me so I borrowed from all of them, lol.. I went to refuse them permission from accessing my contacts, location and the likes just immediately I borrowed.. on the my due dates, they called and called and called.. issuing threats and all but I returned their threats saying if any of my contact should inform me of any loan app calling them, they will have themselves to blame.. it got a point they began to beg me pay.. I have blocked all their access to reach me, I blocked all the numbers they use to text me.. I deleted the app and they can't even move my money from my account..

How is it possible that they can't touch the money in your account, it's this in anyway possible??

mu2sa2:
Haven't you heard about Jaiz Bank?

yes but it only exist in the north, what about it?

GodPrince:
yes but it only exist in the north, what about it?

Apart from the north, they have branches in Lagos, osun, oyo and rivers.

Don't you agree to the payback conditions before receiving the loan? Why focus on measures the loan company take instead of paying on time as agreed? You can't keep your end of the bargain then just be prepared for the consequences. Smartness did not work.... so we complain.

mu2sa2:
Don't mind him, ignorance is a disease. Some people are even criminally minded - they never wanted to repay the loan in the first place. With bvn and nin there's no hiding place. If you take a loan from anyone, you're under a moral and legal obligation to pay back. Interest-free loans (mostly propagated by shariah-inclined financial institutions) are better alternatives to loan sharks, but some people are blinded by religious prejudice to take advantage of it.

Please tell me what loan sharks would do to your BVN and NIN if you don't repay a loan?

mu2sa2:
Apart from the north, they have branches in Lagos, osun, oyo and rivers.

so what does the bank do regarding loans

LIGHTHEARTED0:
.



I pity non of you, if you can borrowed even a token you shouldn't be anyway forced to pay,not even 1 day default.

majority of Nigerian are just criminal-minded that need to be drag on the floor to reset their brain

Telling you

Does this work anymore? They once sent this to the Oga of one coy I used to work and I was asked to investigate. I just laughed and explained what was going on immediately. They have lost their touch fa....the silly demation stories are becoming too preposterous and common place.

Alfred74:


Don't take the loan if you can't adher to terms and conditions. No one is forcefully being coerced into taking a 50% interest loan. This is more like a case of paying 2m for a rent. when rent is due, tenant goes into defence mode saying 2m is too high,did the landlord force the tenant in the first place?

You enter Mr Biggs chop rice and chicken,you were aware of the price of their food before eating. After u chop finish you talk say their food too expensive say u no go pay. Does that make sense? If the rate is too high,leave the loan company and go get loan from friends and families,it's not a rocket science.

Nigerians will see fire,put head inside cone still dey complain, chai!!!

People wey dey even borrow friends and family money without interest, dem no dey gree pay back. Go check eye-opener for Instagram dem full there. Nigerians are mean people.

You have said it all

remsonik:
You are a thief, well the heart of man is desperately wicked. Why borrow when you know you can't pay within your due date. Why not live within your means? Why would you allow a loan shark who you know is bad defame you. They didn't force you to pay, alot has borrowed money from me and not pay, some bought goods which they promise to pay later and they won't. If you know them as illegal loan apps why not borrow from your bank, shebi you know they have no access to your bvn that's why you borrowed their money with evil at the back of your minds to defraud them. Later you will say the govt, nation, leaders are fraudulent but you yourself are you not fraudsters. Two wrongs cannot make a right! Walk in the right ways and do good

Sir, what would you say about a loan app, defaming you at 12 noon on your due date?

generalwo:
..... Ogun kee your pa.... Mugu.... U defame me, make i pay you your money? Go collect the money from the people wen you report me give.... Oyibo people talk say you can't eat your cake and have it...... The only leverage fools like you in form of loan sharks have on me is the contacts at your disposal but since you have exhausted your leverage... I must use mine.... An eye for an eye....... Make ogun split your head into 800 pieces.... Useless pikin..... Those who have died as a result of depression caused by loan sharks, who pays for their deaths..... It will never be well with you or anyone who wants to render you help in life.... Son of a bloody fool.
Make werin you nor know kee you.... As long as you guys keep defaming people, Nigerians will keep collecting your money without intentions to pay back..... What is good for the goose is good for the gander...... Hopeless son of a witch and a pedophile....

I wish you the same

remsonik:

I wish you the same

.... Wish you same kill you there..... Recently, a woman who has been seeking the fruit of the womb for 12 years got pregnant..... She had issues in her business and had to borrow 10k for antenatal....... Then the loan sharks struck and because of the shame and depression they caused her, she eventually lost the child through stress and high blood pressure.... Who will take responsibility for that?? You or your useless family..... Do you know how many people have lost their lives because of the defamation messages loan sharks send to their contacts?? Make ogun wipe out your family for supporting loan sharks...... Useless child....... Infact, thunder will ruin everything you lay your hands into..... Ekuke!!!

This isn't right. But Nigerians love borrowing without paying back. If you don't want the embarrassment from them then don't borrow from them after all they did not put a gun to you head neither did they go to your house. You went to them so pay up your debt.

You've hit a gold mine, see a lawyer
immediately.

generalwo:
.... Wish you same kill you there..... Recently, a woman who has been seeking the fruit of the womb for 12 years got pregnant..... She had issues in her business and had to borrow 10k for antenatal....... Then the loan sharks struck and because of the shame and depression they caused her, she eventually lost the child through stress and high blood pressure.... Who will take responsibility for that?? You or your useless family..... Do you know how many people have lost their lives because of the defamation messages loan sharks send to their contacts?? Make ogun wipe out your family for supporting loan sharks...... Useless child....... Infact, thunder will ruin everything you lay your hands into..... Ekuke!!!

Two wrongs does not make a right, keep teaching them lessons or paying them evil for their wrongs in the wrong ways or fraudulent ways is bad. If they defame you or assault you why not sue them. Stop using evil to pay evil!

Iceking1:



Is it only the account that you linked with your atm that they can debit? Or they can also debit your other bank accounts linked to your bvn? Please respond.

Yes.. Only the account u link ur atm with their app

jasent:

Nigerians don't like going to court. If any of the app foolishly do this to my relatives then do buy market be that.

if you have money to go to court, will you be taking loan of change from loan company?

remsonik:

Two wrongs does not make a right, keep teaching them lessons or paying them evil for their wrongs in the wrong ways or fraudulent ways is bad. If they defame you or assault you why not sue them. Stop using evil to pay evil!

..... They take people's jobs, cost people their lives and source of income, make them lose relationships both with family and their loved ones...... And you expect Nigerians to keep being good to them? U and i know how harsh this economy is.... If we had a good government, there would be no need to borrow from loan sharks but this government have put us in a position where even if we hVe a chance to borrow money from the devil himself, we will...... They take advantage of the hardship in the land to borrow people with very high interest rates, short pay back periods and people are still expected to pay back what they borrow Who does that....... Go out there and see what loan sharks are doing... Maybe your perspective will change when you or any member of your family become victims of the stupidity of loan sharks and their agents!!!

Sue them!

I believe, it is because you guys allow them.

This is a clear case of slander and libel, if they calls and also post those things.

I understand that, most people who borrow from these sharks do that because they were temporarily down on their lucks and may not have the resources to pursue a slander/libel case.

However, our young lawyers instead of idling away doing nothing, they should sense the gold mine opportunities here and take these cases pro-bono, then split the payout when they win.

This is exactly what happens abroad, lawyers scan internet, companies, etc looking for winnable cases like these and then start looking for injured parties and use them to file class action lawsuits.

This is an opportunity to make money, fame and clean up this industry for young and upcoming lawyers who just graduated from law school.

SergeantTitus:
Around 2020 or so I made a mistake borrowing from them . The exact day loan was due they started sending messages to my contacts that I'm a criminal on the run with company money and I should be reported to the nearest police station if found. Family and friends started calling to ask what was happening.

part of the condition of collecting their loan is that you give them access to your phone contact. you sign off on that and give away your privacy. thats how they get access to your contacts. inasmuch as what the loans apps do is wrong, you guys that take loans from them are also complicit by being so careless in signing away your privacy because of loan. they tell you these things before you sign and am sure you like many others dont sit down to think of the implication of what you are signing before you sign. go to any court, you cant defend yourself because you signed