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Nairaland Forum / Nairaland / General / Business / What Will Happen If One Fails To Pay Back Loan From Loan App? (274943 Views)
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Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by Edoziesmart(m): 2:32pm On Jan 12, 2020 |
lastchild: Me I'm putting money into my bank account. Even ₦2M entered my bank as of 29 December base on btc transaction and nothing happen to the money till I transfer it out. Kwikmoney their papa ![]() 5 Likes |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by kayodez: 2:32pm On Jan 12, 2020 |
agarawu23: Really.. but they don't have app. How will they get ur contacts? |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by PremiumTrends(m): 2:32pm On Jan 12, 2020 |
They don't have that right at all to debit your other bank accounts, CBN didn't even give banks the right to do so. It is still on the pipeline. NaijaDonCast: 4 Likes |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by dangoteinlaw: 2:33pm On Jan 12, 2020 |
I know the hardship hit everybody but I advice if you have cash pay back your loan. nothing sweeter than having somewhere you can always fall back to when it gets tight. In USA the richest ones are not those with cash in the bank but those with good credit scores. 13 Likes |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by fish23(m): 2:33pm On Jan 12, 2020 |
Why you no wan pay back? 2 Likes |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by doggedfighter(f): 2:35pm On Jan 12, 2020 |
nedekid:Ohhh no ! |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by Alexmecury4: 2:36pm On Jan 12, 2020 |
UnknownT: So how do they get your contacts? |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by id911(m): 2:37pm On Jan 12, 2020 |
omoharry: Don't mind dumb people that plan to default on loan repayment. Those dishonest guys think they are wise and smart but don't know they are fools. Personally I need a loan urgently but I can't proceed if I don't have a concrete means of repayment. Not paying back loan is criminal 24 Likes 1 Share |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by nedekid: 2:37pm On Jan 12, 2020 |
agarawu23:Quick money is outrageous. Just avoid them. Ie 30% for 1month. Crazy 1 Like |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by walex2(m): 2:39pm On Jan 12, 2020 |
Catchfirez:i will advise people never to take loan from SOKOLOAN, that person will regret it, they charge 37 percent in 10 days, very stupid and rude people, as for getting your contact through app download is very true but i believe you can report and they will be blocked from playstore. it is illegal to collect personal data through GPS 2 Likes 1 Share |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by maddman: 2:40pm On Jan 12, 2020 |
... 8 Likes |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by AbidemiAy(m): 2:40pm On Jan 12, 2020 |
pwansunriseteam: GTB if your salary account is eligible to get up to 2m |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by armadeo(m): 2:42pm On Jan 12, 2020 |
Edoziesmart: Were you aware of this before you took the loan or it was an error from thier side. 3 Likes |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by Mufasa2010: 2:44pm On Jan 12, 2020 |
Op pls don't get loan that you can't repay, those loan guys will surely get back at you. Sometimes last year I apply for a loan from one of the loan app ,I couldn't meet up with the deadline to repay, could you believe that they removed there money wihen a certain amount came into my account without my constent. Those guys are money shark just be careful,apply for for what you can repay. God bless us all |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by Prechy08(m): 2:46pm On Jan 12, 2020 |
I will give an important advice because of my work experience. Don't allow them to call you first or start harassing you, contact them or go to their office. be honest. it's now up to them to allow the month go or you pay something. but honestly, a monthly debit has being set in your account so even if you pay some the mandate still stand and waiting. even if you don't use that account, CBN has given credit firms power to take money from other account you have. not paying Will lead to you being black listed, in the future you can't do any serious credit transactions with any bank. at the embassy self it will show , you can be denied Visa. interest will keep accuring on the account, before you say jack it will increase or tripple and you must pay. in other words the implications are high, so go and pay, avoid the stress, it's not worth it. 16 Likes 3 Shares |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by Influential101: 2:46pm On Jan 12, 2020 |
Edoziesmart:What's funny? Someone lent you money and you're boasting about not paying back? really? ![]() Even if you don't agree with the rate or whatever, go and settle it with them or atleast pay the portion you agree with.. Do not let 20k or whatever meagre amount be a stumbling block for you in the future.. Do the right thing. 15 Likes 1 Share |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by nedekid: 2:47pm On Jan 12, 2020 |
agarawu23:While kwickmoney charges are outrageous. You saw the terms before taking the money. It is in your best interest to pay ohh. Unless you no longer wish to use the credit system in Nigeria. 1 Like |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by Edoziesmart(m): 2:49pm On Jan 12, 2020 |
armadeo: That's an error from their server. How can I be aware and still proceed? I love that company then, but that act made me had a rethink on using their platform again. I might change mind and pay them when I receive free money elsewhere, just because of my credit score. |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by Influential101: 2:49pm On Jan 12, 2020 |
walex2:Didn't you agree to their terms and conditions ? ![]() |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by armadeo(m): 2:49pm On Jan 12, 2020 |
Influential101: Now many nigerians will know why they arent given visas despite presenting all the proper documents. 20k stops your trip abroad when you are ready to pay thousands for ticket alone. Imagine the shame 11 Likes 1 Share |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by armadeo(m): 2:50pm On Jan 12, 2020 |
Edoziesmart: Oga pls pay up oh. Dont let some silly sum stop you somewhere in front. 2 Likes 1 Share |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by Edoziesmart(m): 2:51pm On Jan 12, 2020 |
Influential101: I will sir. But that will be when I receive free money elsewhere. I will pay just to maintain my credit score. Though I know my credit score will be very low currently |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by Sike(m): 2:51pm On Jan 12, 2020 |
YOUR ACCOUNT WILL JUST BE BLACKLISTED. 1 Like |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by walex2(m): 2:51pm On Jan 12, 2020 |
mascot87:SOKOLOAN has negative report already we are working to remove them from Google play store they operate as touts 5 Likes |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by APCNig: 2:53pm On Jan 12, 2020 |
UDOKABESTLUV: The person will be traced, arrested, prosecuted and jailed. That person is definitely a thief and will end up in jail for trying to block other people's chance of benefiting same. 5 Likes 1 Share |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by walex2(m): 2:53pm On Jan 12, 2020 |
Edoziesmart:SOKOLOAN will breach your privacy and i think is ilegal 1 Like |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by Lexusgs430: 2:53pm On Jan 12, 2020 |
UDOKABESTLUV: Read the terms and conditions of your loan........ Loan is never free money......... Expect huge men with knuckle dusters............ 2 Likes |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by hidhrhis(m): 2:54pm On Jan 12, 2020 |
toniblacman:yeah branch they even said they will report me to one bureau I can't really remember sent me multiple messages claiming If I don't pay in 48 hours I won't be able to borrow again even calls it being close to a year now nothing happened 2 Likes |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by LORDKing001: 2:54pm On Jan 12, 2020 |
Johans1991:Go to PlayStore Instal branch Then fill your details You will see d amount you qualify for then apply 5k to pay 6k by month end. If you refer someone you get 1.5k on repayment Holla me if you want me to give you my referral pls |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by Wettoid123: 2:55pm On Jan 12, 2020 |
I never knew things like these exist they said without collateral hmmmmm I just download carbon but am afraid to fill the personal information page ,Nigerians are scammers! |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by Drakkernoir: 2:55pm On Jan 12, 2020 |
walex2: Can u imagine charging 8,400 for a loan of 5,000 in 10 days Totally crazy.... That's daylight robbery 10 Likes |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by carnal: 2:56pm On Jan 12, 2020 |
NaijaDonCast:to add to what you said they will report you to credit bureau, a arm of CBN I guess 2 Likes 3 Shares |
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