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Nairaland Forum / Nairaland / General / Business / What Will Happen If One Fails To Pay Back Loan From Loan App? (274791 Views)
The Best Way To Avoid Embarrassments From Loan apps / How To Remove My Bvn From Loan Apps / Help! Embarrassing Calls From Loan Companies (2) (3) (4)
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Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by jacoik(m): 2:15pm On Jan 12, 2020 |
YoungBlackRico:so his bvm will just carry naija flag like that ? Is not good at all 5 Likes 4 Shares |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by agarawu23(m): 2:15pm On Jan 12, 2020 |
Edoziesmart:kwickmoney is 15% for 14 days. Check below
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Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by mascot87(m): 2:16pm On Jan 12, 2020 |
Charmingrascal: Flee from Soko loan. If you owe them, they will send embarrassing messages to all your contact that you are fraudulent and that they will arrest you. 10 Likes 1 Share |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by Edoziesmart(m): 2:17pm On Jan 12, 2020 |
Catchfirez: Kwikmoney told me as of September that they will breach my privacy and call and text all my contact telling them all that I'm owing their company. Till now none of the thousands contacts I have on my android phone, tell me that kwikmoney contacted them on my unpaid debt. |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by brainhgeek(m): 2:17pm On Jan 12, 2020 |
They have your bvn and some of them can accrdd your phone contacts. They will start by sending a message to your contacts (including your in-laws and your boss and people who can disgrace you ![]() ![]() Others can blacklist you on public finance bureau. Chose your poison wisely 1 Like 1 Share |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by kunleweb: 2:17pm On Jan 12, 2020 |
Let's not kill this system the way we kill other things. I've been lending and repaying steadily. Not that I need the money but to grow a good credit score incase of future needs. From small to very big loans with multiple lending agencies. I highly recommend paying back loans but personal or corporate. You stand alot to lose if you default servicing your loan payments as against making steady payments. 30 Likes 5 Shares |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by Nobody: 2:18pm On Jan 12, 2020 |
UDOKABESTLUV: The interest will keep adding up, depending on the loan default agreement. Some charge 1.5% per extra day. I've fallen for it before, it wasn't easy. You could find yourself paying 200k plus on a loan of 150k. There'll be a lien on your bank account and it will put a dent on your credit worthiness. The responsible thing to do is pay up ASAP 8 Likes |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by NiggasInParis: 2:19pm On Jan 12, 2020 |
Most of these Loan apps are just Money Sharks. They keep increasing in number by the day out to take advantage of the crooked economic situation hitting hard on people. The give you loans with eye teary interest to pay back in a very short period of time. There is only one platform which stands out and I recommend... And that is Paylater now Carbon. They give you reasonable amounts, enough time to back and as a responsible person you definitely should be able to pay back in that time. If you wouldn't, then don't go collecting the loan. Simple. Ultimate solution?? Hustle make your money long, so much money not necessarily wealthy but at least comfortable enough, so you won't have to be jumping from one app to the other looking for petty loans that even without it you will still survive. No doubt... 13 Likes |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by lawanson2k3: 2:20pm On Jan 12, 2020 |
toniblacman:branch has being favourable to me, its giving me 60k from 1500 gradually. 1 Like |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by Slimguy0(m): 2:20pm On Jan 12, 2020 |
They'll frustrate you with Calls You begin to pay interest on each day you default They'll frustrate you with more calls Your mind won't be at peace at all They may outsource to Collection agencies which could be very embarrassing And then Prolly Flag your BVN... It's Over 2 Likes 3 Shares |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by Edoziesmart(m): 2:21pm On Jan 12, 2020 |
agarawu23:I know bro. I have been using their service from April to September last year. They charge 28% in one month. But I guess it is server problem that made them charge me 28% for 15 days. And those customer care refused to rectify the issue before my loan was due for repayment. So I won't bother paying for now. 4 Likes 1 Share |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by MartinsD12(m): 2:21pm On Jan 12, 2020 |
Edoziesmart:My brother what am telling you is what is written in Fidelity bank terms and conditions concerning Migo money and its on their website too, so since September you have been owing them you sure |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by kunleweb: 2:21pm On Jan 12, 2020 |
lawanson2k3: What level are you now in branch.! +? Did you jump to 60k from 40k level? |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by Anban11: 2:22pm On Jan 12, 2020 |
olasco2035:. bros pay back oh. when you want to apply for visa and travel abroad,na tha small money dem go use trap you and even if u pay den,dem no go gri give u visa 4 Likes |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by saint17: 2:22pm On Jan 12, 2020 |
Please is there anyone who knows any platform where I can raise funds to pay for my tuition fees Just let me know |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by walex2(m): 2:23pm On Jan 12, 2020 |
ossaisly:please how do they get the contacts on your phone, apart the two quarantors contact you provided, is it not criminality by using GPS to scan the contact on your phone |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by Edoziesmart(m): 2:23pm On Jan 12, 2020 |
MartinsD12: I'm owing them oo. No joke. |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by MartinsD12(m): 2:23pm On Jan 12, 2020 |
agarawu23:Omo you be their customer they give you 100k plus? |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by mu2sa2: 2:24pm On Jan 12, 2020 |
Coldie:You're suggesting the guy is wise. Well, he isn't, not with bvn. Using bvn, all his accounts with any bank will be flagged. It's useless and ultimately embarrassing to dodge paying back a loan - anyone who tries it isn't wise but is a big fool. 7 Likes 2 Shares |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by kayodez: 2:24pm On Jan 12, 2020 |
Reffone: Which app did that bruh? |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by omoharry(f): 2:25pm On Jan 12, 2020 |
Wow I never knew such app existed.This is really a nice concept for an emergency,especially now in these hard times. Nigerians pls you guys should not abuse this one oo!!Remember our bank became hardened and stopped giving us loan becos of our dishonesty.They only provide loans only to people that provide them with a strong collateral and an evidence of a good paying job or stable means or income. Pls do not abuse this.I don't know why we have been program to be dishonest at every given opportunity. The world does not trust us anymore becos we are always looking for how to cheat or outdo any good program design to help us. 18 Likes 2 Shares |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by millionboi2: 2:26pm On Jan 12, 2020 |
brainhgeek:hahahaha |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by MartinsD12(m): 2:27pm On Jan 12, 2020 |
Edoziesmart:Is it 30 days loan plan |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by nedekid: 2:27pm On Jan 12, 2020 |
olasco2035:Lol. You do not know the damage you have done to your credit rating based on little money. The damage is worth millions. Nigeria is getting to the stage like its obtainable abroad where you do not pay cash for cars, household appliances, mortgage for housing, phones etc. Your credit rating detemines acess to credit. A friend of mine that started collecting 10k with paylater and built it up to the point he collected 500k from them. He then defaulted. All the other loan companies declined his loan request citing his debt with paylater and bad credit. He eventually had to pay his debt. When he tried collecting money again, he was downgraded to 20k! ![]() 17 Likes 1 Share |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by lastchild: 2:28pm On Jan 12, 2020 |
olasco2035:are you still putting money in your bank account? |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by kayodez: 2:29pm On Jan 12, 2020 |
armadeo: What if circumstances changed... situations like financial constraints might come in place. So I don't one would borrow money without having mind of repaying. |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by scopusng(m): 2:29pm On Jan 12, 2020 |
blessochampion: Na lie bro. It's only when u borrowed from the bank and not thru app. For two years now nothing do me. Lol 1 Like |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by galadima77(m): 2:30pm On Jan 12, 2020 |
pwansunriseteam: That thing you're going to confirm is here in naija... We die here together...lolz But see traffic for this topic... |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by XklusivGistBlog(m): 2:30pm On Jan 12, 2020 |
You will be simply blacklisted from taking loans by the bureau. Or some may be start calling all the contact on ur phone. I just paid back 100k from paylater |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by eneyoduke(m): 2:30pm On Jan 12, 2020 |
You will be judge according to the law |
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