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Nairaland Forum / Nairaland / General / Business / Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink (22269 Views)
Loan Sharks Persist With Cruel Recovery Practices / Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians / How To Stop Loan Sharks From Getting Your Phone Contacts (2) (3) (4)
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Re: Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink by tonytony208(m): 11:07am On Nov 18, 2023 |
DKM123: May you not be in a desperate situation that will force you to make desperate decisions. Say amen in your best interest 1 Like |
Re: Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink by allenpaul(m): 11:11am On Nov 18, 2023 |
I felt so bad reading some of this stuff the other women were not even allowed the options just automatic credit that was fraudulent and some demented being are supporting those dubious loan sharks & expecting things to get better for the Nation it can't you can not be supporting evil & expect the good outcomes |
Re: Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink by tonytony208(m): 11:12am On Nov 18, 2023 |
Kingozymandias: Lolz. Imagine a loan app saying you are qualified for 13k but sent only 7k to your account, claiming that the rest is deducted as service charge. ![]() If you are not in the shoes of the borrowers, don't judge, except if you are one of the evi lenders taking advantage of the people's financial desperation. |
Re: Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink by Formularcr7: 11:14am On Nov 18, 2023 |
Some of them will start threatening you a day before your due date |
Re: Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink by PARADIZEPRIEST: 11:17am On Nov 18, 2023 |
PARADIZEPRIEST:how can so deviously this digi lenders give bonkers N50k or 100k to pay back in 2weeks? What is that |
Re: Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink by allenpaul(m): 11:17am On Nov 18, 2023 |
DKM123:. what you wrote projected you as someone mentally unfit to respond to a sensitive matter so shut up |
Re: Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink by mascot87(m): 11:17am On Nov 18, 2023 |
Sermwell: Mr man, I don't have time for irresponsible talks. I have said what I said and people have gotten my information |
Re: Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink by SamuelLoch: 11:19am On Nov 18, 2023 |
DKM123: Your advice is really good, but then, people need money to take care of some immediate needs that can't wait. My issue with Nigerians is playing victim, and the "una no smart pass me" thing.. Lastly, mismanagement of funds. Some would take a loan to do a a big party for their grandmother's burial!!! The burial is over now, it's time to pay, but they arr running upandan. The average Nigerians that take loans don't want to pay back, voluntarily. They will go the extra mile to find a way to avoid paying back that loan. I don't want to mention some of the things they do, so I don't give some others ideas to do it. It's worse because most of these online loan vendors don't have access to GSI to debit defaults account across banks. They need their money to do business! This is where CBN comes in! If you know the volume of these japa candidates that took loans and left the country ehn... How do the loan vendors get the funds back? |
Re: Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink by MichaelSokoto(m): 11:19am On Nov 18, 2023 |
I never still see the bastard loan shark wey go make me sweat! Lcredit can tell u my full gist! ![]() |
Re: Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink by ADAMUdaCOWBOY: 11:20am On Nov 18, 2023 |
armadeo:You don't give a loan at 60% interest rate to be paid in 7 days. They are theives! Any working class person can obtain loans in sane climes because the interest rates are sane. |
Re: Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink by Formularcr7: 11:22am On Nov 18, 2023 |
GloriousGbola:you made some sense in your post, but imagine a situation a loan app started threatening you a day before your due date and go on to defame you on your due date or a day overdue simply because the salary you expect to pay with was delayed |
Re: Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink by Sermwell(m): 11:22am On Nov 18, 2023 |
mascot87:You're the one talking irresponsibly here, advising prospective loan defaulters on how to evade paying loans!! You're criminal!! 1 Like |
Re: Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink by TrustNone: 11:22am On Nov 18, 2023 |
Sprints3:ignore that loan agent you just quoted |
Re: Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink by histechs(m): 11:24am On Nov 18, 2023 |
Imagine,swift nigeria will collect #500 each day for defaulting.And insulting one |
Re: Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink by SamuelLoch: 11:24am On Nov 18, 2023 |
Formularcr7: Did they call to threaten or remind you? |
Re: Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink by MichaelSokoto(m): 11:26am On Nov 18, 2023 |
Natbrowny:Naxo we dey run am bro! ![]() Me I need more loan sharks in my life abeg! Free money everywhere! ![]() |
Re: Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink by DKM123: 11:26am On Nov 18, 2023 |
allenpaul: You are obviously one of those low budget tiffs who think they can eat thier cakes and have it. Onigbese Jati Jati. Men like you are out there hustling with thier bl00d and sweat but you want to go to loan apps because there is no one around you that can give you small loan knowing fully well you are a perpetual serial debtor who doesn't pay. Ode! Keep patronising this dubious loan apps cos you have lost all the goodwill of those around you and then come here to cry. Ewu! |
Re: Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink by GloriousGbola: 11:26am On Nov 18, 2023 |
Formularcr7: The loan apps have been around for over 3 years. No one can pretend ignorance about how they work or operate. Anyone using a loan app knows exactly what he is going in for. 1 Like |
Re: Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink by emezuo17: 11:27am On Nov 18, 2023 |
Sprints3:. Same thing happened to me, tried applying from credit box, after a long while got approved for one loan, I repaid on time only for me to get like five different loan apps from the same application sending me money that I did not solicit for, when I repaid those ones about 12 other loan apps sent me money again, had to ignore them till it enters overdue, now they are all calling me, I don't even know their names, I will pay though but I know they won't dare send me money again after this default. |
Re: Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink by MichaelSokoto(m): 11:27am On Nov 18, 2023 |
mascot87:Long story! Me I keep my real contacts on d fone... Na me dey call loan shark agent dey give am d ppl dey suppose call for my head! ![]() 1 Like |
Re: Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink by supaman04(m): 11:29am On Nov 18, 2023 |
In as much as i don't support people default on loan obligations they gladly accept the terms and conditions however, i think their modus operandi should be well spelt. I had an ugly experience with one of them i think cash bus or so cant remember. I needed an extra fund to add with what's on me over the weekend. I read their terms and conditions, i knew they were going to charge advance fees and it is a 7days tenor. I gladly accepted the terms. On the 5th day i got a message from one of the agent and he said i was due on that day and started harassing me sent obituary messages to i think 3 of my contacts on the 5th day. This got me infuriated. Told the guy i have their money, showed him my acct balance butwill only pay on my due date. However, i had to made the payment that day because my personality is seriously at stake. I still have the chats and the whatever. They were so dubious they had to change the due date on their own system to the 5th day, i got to know this when one of the contacts they sent the obituary message engaged them. I gladly accepted the T&C when i borrowed and to repay back but treating a client like that even when the loan is not due is unspeakable. If i had the gut wouldnt have paid the money after that idiotic act but i have conscience and my person is at stake too 1 Like |
Re: Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink by MichaelSokoto(m): 11:30am On Nov 18, 2023 |
emezuo17:if u pay dem ONE KOBO mek ur nyash bend! Baba nor pay dem any shingba! I giv u go ahead! ![]() |
Re: Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink by MichaelSokoto(m): 11:31am On Nov 18, 2023 |
supaman04:u dey make me vex! ![]() |
Re: Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink by jojothaiv(m): 11:33am On Nov 18, 2023 |
Never been a fan of all this loan sharks and would not be till death wave man in. Same thing apply to all this airtime loan too, make everybody dey him dey. |
Re: Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink by allenpaul(m): 11:41am On Nov 18, 2023 |
DKM123:. Nah i wasn't raised to borrow as a matter of fact I have dealt coupla giveaways to ur fellow miscreants here u can drop asa if not shy but i for like to know wether ur stupidity na hereditary or a choice |
Re: Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink by DKM123: 11:45am On Nov 18, 2023 |
allenpaul: Taaaa! Who dash monkey banana? Coming from someone that writes like a primary 3 pupil. Too dum..bb to know how to use simple punctuations and write correct sentences. Your lack of intelligence must be inbuilt. Edited: LMAO! It's how you are trying to correct your post but instead creating more blunders. Hahahaha! |
Re: Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink by barinedan(m): 11:46am On Nov 18, 2023 |
It is better you avoid them so you don't get embarrassed |
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