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Nairaland Forum / Nairaland / General / Business / Why Are Loan Sharks Like This? (230 Views)
Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink / Loan Sharks Persist With Cruel Recovery Practices / How To Stop Loan Sharks From Getting Your Phone Contacts (2) (3) (4)
Why Are Loan Sharks Like This? by Lawly: 11:31am On Aug 29 |
I borrowed N,1800 from this Plenty Cash loan shark to pay back N3,000 to them. When it became due, I defaulted for 3 days and they increased it to N4,200. I paid back N3,500 remaining N700. They still kept increasing the interest for me back to almost 4k again now. I woke up this morning to see this curse after trying to reach my contacts and my contacts denied knowing me. Besides cursing them back, what should I do to these idiots please π‘ 1 Like
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Re: Why Are Loan Sharks Like This? by Everyday247: 11:33am On Aug 29 |
Lawly:Chai!!!πππ Na mafia be this? 1 Like |
Re: Why Are Loan Sharks Like This? by budaatum: 12:03pm On Aug 29 |
We go block any Loan App wey harass customers - FCCPC https://www.bbc.com/pidgin/articles/cj5l1958ljjo 1 Like
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Re: Why Are Loan Sharks Like This? by budaatum: 12:05pm On Aug 29 |
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Re: Why Are Loan Sharks Like This? by rottable(m): 7:32pm On Aug 29 |
How do this guys those multiple numbers from? |
Re: Why Are Loan Sharks Like This? by Kobicove(m): 7:40pm On Aug 29 |
Lawly: You mean it's actually possible to borrow as little as N1,800 on these loan apps? 1 Like |
Re: Why Are Loan Sharks Like This? by budaatum: 7:55pm On Aug 29 |
rottable: A condition of giving you a loan is you give them your contacts. In some cases, their app is designed to steal those contacts in case they are needed when you don't pay. https://www.aljazeera.com/economy/2023/12/25/the-dark-world-of-illegal-loan-apps-in-india 1 Like
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Re: Why Are Loan Sharks Like This? by Lawly: 12:37am On Aug 30 |
budaatum: Thanks Sir. This "Plenty Cash" loan people want to try themselves. 1 Like 1 Share |
Re: Why Are Loan Sharks Like This? by Lawly: 12:38am On Aug 30 |
Kobicove: Yes |
Re: Why Are Loan Sharks Like This? by fkelly(m): 6:54am On Aug 30 |
Government needs to look into this loan app issues. They give loans with exorbitant interest rate, yet mandate people to pay in an unreasonable specific period of time. They are all the same Look at what someone is offering me as loan 2 Likes 1 Share
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Re: Why Are Loan Sharks Like This? by budaatum: 2:10pm On Aug 31 |
fkelly: I think loan applicants need to look into the loan they apply. Why would a sensible person accept a loan for β¦6000 and accept to pay β¦10910 after 7 days unless they have no sense at all? |
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