Map1:
but what about the one who asked for our BVN ?

MichaelSokoto:

wat can dey do wit ur bvn?

Map1:
don't you think they can withdraw some one's money later?

mascot87:
The secret of loan shark is very simple.
Before you borrow money from any loan app company, MAKE SURE you take off all your phone contact and store them in a different phone. Make sure you have FAKE contacts on the phone you are installing the loan app.
Make sure you have fake phone contacts on the phone you are installing the loan app

Make sure you have fake phone contacts on the phone you are installing the loan app

Please take that information seriously.
Don't keep your original contacts on that phone you are installing that loan app.
That's is the only way they can blackmail you.
A word is enough for the wise

PoliteActivist:


Only one flaw in your advice: when people borrow the money, 95% have no intention of defaulting - it just later turns out that way. So why would they be doing all this??

mascot87:


That is why I want them to know so they learn from experience

PoliteActivist:


Only scammers who have no intention of repaying the money in the first place , will go to all that trouble

mascot87:


You have no idea what you are talking about. If you are not a loan shark agent then I hope you fall into there trap one day then you will know what's up

PoliteActivist:


What I'm saying is, someone like me for example, I'll NOT take the loan if I'm not sure I can pay it back. I'm sure most people are like that.
Your advice is good, but for someone to go to all that trouble and do all that work, they must know in advance they likely won't be repaying the loan as stipulated

mascot87:


Through your bank card when they ask you to bond your card during registration. After bonding your card, change your password or deactivate the card

Map1:
most of the loan sharks are asking for BVN before granting loan.

ufotunang:
...ok no problem....but they do not ask for ones BVN number during registration...just asking

armadeo:


Agree with you 100%.

But you cannot put your hand in the mouth of a tiger, get bit and blame the government.

We also have a responsibility of looking at the tiger from afar or while in its cage and not entangling with it for any reason. That's logic.


Nobody should take a loan that requires 100% payback in a week for any reason. Unless you'll be dead by the end of the week.

mascot87:


They do

allenpaul:
. I just don't understand is it that some of you don't read or just choose to be stupid? If you had read those two women experienced you wouldn't be so daft to spew this craz

ufotunang:
..ok giving them your BVN is risky...that means they can withdraw money anyhow in ones bank account if the person defaults in payment

buttlover:
Lol I remember that year. My family nearly disowned me. Please stay away from loan apps.

MrBroke:


Also make sure you have no photos of yourself or anyone close to you cause they read your gallery too and your messages, so you have to make sure the phone is filled with fake stuffs all through

mascot87:
The secret of loan shark is very simple.
Before you borrow money from any loan app company, MAKE SURE you take off all your phone contact and store them in a different phone. Make sure you have FAKE contacts on the phone you are installing the loan app.
Make sure you have fake phone contacts on the phone you are installing the loan app

Make sure you have fake phone contacts on the phone you are installing the loan app

Please take that information seriously.
Don't keep your original contacts on that phone you are installing that loan app.
That's is the only way they can blackmail you.
A word is enough for the wise

armadeo:


Agree with you 100%.

But you cannot put your hand in the mouth of a tiger, get bit and blame the government.

We also have a responsibility of looking at the tiger from afar or while in its cage and not entangling with it for any reason. That's logic.


Nobody should take a loan that requires 100% payback in a week for any reason. Unless you'll be dead by the end of the week.

mascot87:


No one can withdraw your money using your bvn. They ask for your bvn to verify your identity.
They can withdraw your money if you bind your atm card and don't change the pin or even deactivate it

Nwanna2588:
SOMETIMES WE ARE UNABLE TO PAY BECAUSE WE DON'T HAVE. READ MORE:

A few months ago, a fellow neighbour noticed me on my way back from work and decided to walk alongside me until we reached my home. His behaviour struck me as unusual, but soon enough, he explained that he had been waiting for me. Without giving me a chance to respond, he went on to request a specific amount of money.

Despite not having a close relationship with him, we had been neighbours for two and a half years. I decided to take a leap of faith and lent him the requested amount. Internally, I mentally prepared myself to consider it a loss, as my approach in recent times had been to either decline lending money or lend and then forget about it.

From that point onwards, the individual made promises but consistently failed to fulfil them. On the other hand, I chose to remain silent. I even noticed him attempting to avoid me at times, yet I feigned ignorance. Days turned into weeks, and weeks into months, and I continued to maintain a restrained response.

Although I contemplated raising my voice when it became apparent that he had no intention of repaying, I held back. Today, to my surprise, he showed up at my doorstep to repay the debt.

This experience has taught me several valuable lessons. Firstly, many people are willing to pay their debts but may appear unreliable when they lack the means to do so. Secondly, not every situation requires shouting at debtors as a solution. Lastly, it's important to avoid judging people solely based on societal perceptions. In this case, the young man hails from a region known for its reputation as notorious debtors, but that does not define his character.

Gentlesoul2021:


Lol. Did u end up to clear Ur debts....

GloriousGbola:


are you an illiterate?

cant you read?

or are you just a special kind of stupid?

do you think a business will lend you money without creating interest?

why don't you have any friends or family lending you money?


You're a very big fool

maybe because like the loan sharks they have all tagged you for what you are a lazy entitled good for nothing who will take a loan for a party for bet 9ja or some other daft scheme.

your argument is as follows.

i need a loan
the only service that will give me the loan is a loan shark.
i will take the loan but they are wicked people who have told me i will pay high interest on the capital
this justifies my failure to repay the loan

nonsense

emezuo17:
. 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.

allenpaul:
. 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

DKM123:
Don't take loans from online loan apps, una no go hear. Una go collect finish come dey disturb us say dem dey drag una brutally. Dem force you collect am?

Una go dey do like say dem use loan swear for una. You borrow every where when it's not a matter of life and death. Stop living above your means and know your level. Taking loans you know you can't pay for is stealing by trick.


Go and pay your debts and stop being a nu!sance....

tallfish145:
Keep quiet there. The fact that life never hit you hard to collect loans does not mean others can't when they don't have other means

ADAMUdaCOWBOY:

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.

armadeo:



I totally agree. They are thieves so why collect loans from them. That's my grouse here. I'm not supporting the loan apps I'm wondering why people collect those loans.