Neduzze5:


I was using Branch before but after borrowing and paying back 5k for four good times, they still wanted to give me same 5k on my next request despite my timely payments.

I rejected it, called their office and requested them to close my account with them. They did so and I moved to Paylater now Carbon.

Ever since then, I've had rest of mind. At least Carbon allows you pay monthly unlike Branch where you have to pay at the end of every week.

eyinola:
why will u want to fail to pay back the loan even if noting will happen,years back companies like Guiness,and Noble rugs partners with our fathers to set them up in business,all they need at that time it's just a store in which those companies will supply them with goods worth millions of naira without paying a kobo only to pay back after selling and keep the proceeds from the sales,majority of them end up not paying a dime back some went to ijebu for juju so the company that helps them can stop asking for their investment, today if u don't have over 50 million u can't be a major distributor to this company leaving me and u to struggle in setting up a business today. Don't hv d mind of taking loan without paying back

Neduzze5:


How much did you borrow from that nonsense Branch that you were unable to pay back sef? Branch that finds it hard to give out better money.

@OP, basically there is what we call Credit Reports which is currently been handled and overseen by Credit Bureaus. It's like what we have in advanced countries.

Where you are unable to repay your loan on time, most loan companies give you a lifeline of one month or less.

After that, your BVN, the amount you owe and other details are sent to the Credit Bureaus who then upload it to your report.

It starts to count against you and you may become unable to access loans both from banks and other loan apps until you repay your debt.

As such, always ensure to pay your loans on time. Take loans from better loan companies that give you longer periods of repayment like Carbon, etc.

Originalsly:


Hmmmm.......it's a little tin....which you can afford to repay... but prefer to find out if you can cheat the company without consequences. And we wonder why we can't easily get credit and loans.

Neduzze5:


How much did you borrow from that nonsense Branch that you were unable to pay back sef? Branch that finds it hard to give out better money.

@OP, basically there is what we call Credit Reports which is currently been handled and overseen by Credit Bureaus. It's like what we have in advanced countries.

Where you are unable to repay your loan on time, most loan companies give you a lifeline of one month or less.

After that, your BVN, the amount you owe and other details are sent to the Credit Bureaus who then upload it to your report.

It starts to count against you and you may become unable to access loans both from banks and other loan apps until you repay your debt.

As such, always ensure to pay your loans on time. Take loans from better loan companies that give you longer periods of repayment like Carbon, etc.

PatrioticNaija:
Naija yoots and short cut.....

If you sincerely know you cant meet up as agreed. Simply contact the facility provider and they can extend the loan tenor. Meaning you will pay more accrued interest for the extra duration of the loan.

But failure to do the above means you are a criminally minded lazyyoot and you can be arrested and prosecuted for failure to liquidate your loan as at when due + attempt to abscond......

NaijaDonCast:
Have u borrowed money from MTN before? And refuse to pay then you forgot and finally decide to recharge the line without remembering you had incured debt, the speed at which your 100naira new call card go japa komot for your phone that same thing is applicable to loan

toniblacman:

Well... it's a little tin, but I bet you can't imagine. I'll have to face it now and clean the record. Thanks

toniblacman:

Bad man

itsme01:
just change your ATM card and absolutely nothing would happen except blacklisting you with credit worthiness agency

ossaisly:
Once you get loan, no matter what ,you must pay back. Failure to pay back, they will frustrate you by calling everyone on your contact. After that, they will go on social media. After that, they will locate you and arrest you.

And any amount that you make them spend, you will still bear the cost.

So rethink before you take loan.

Coldie:
Nothing I know someone who has borrowed with so many dormant account's with the loan apps yet nothing has happened to him.

Once u register with ur bank and collect the money after some time change ur ATM pin nothing would happen to u even when u put money in ur account they can't withdraw it

tomdon:



Do you think even billionaires are able to meet up loan obligations as at when due?

OYEDIPE:

No mind am.... But hin get money by data.

Neduzze5:


How much did you borrow from that nonsense Branch that you were unable to pay back sef? Branch that finds it hard to give out better money.

@OP, basically there is what we call Credit Reports which is currently been handled and overseen by Credit Bureaus. It's like what we have in advanced countries.

Where you are unable to repay your loan on time, most loan companies give you a lifeline of one month or less.

After that, your BVN, the amount you owe and other details are sent to the Credit Bureaus who then upload it to your report.

It starts to count against you and you may become unable to access loans both from banks and other loan apps until you repay your debt.

As such, always ensure to pay your loans on time. Take loans from better loan companies that give you longer periods of repayment like Carbon, etc.

mascot87:



Please how can they be removes from playstore? I want to champion that process

Neduzze5:


I was using Branch before but after borrowing and paying back 5k for four good times, they still wanted to give me same 5k on my next request despite my timely payments.

I rejected it, called their office and requested them to close my account with them. They did so and I moved to Paylater now Carbon.

Ever since then, I've had rest of mind. At least Carbon allows you pay monthly unlike Branch where you have to pay at the end of every week.

Edoziesmart:
Nothing will happen to you brother.

I'm owing kwikmoney 20k since September 2019.
And I don't intend paying them because there service was not fair to me at all.
I migrated to branch last November and collected 2k from them. Which I even forgot do to busy schedule.
I saw there warning messages yesterday, as I power on the phone number I used to register my bvn and bank related stuff telling me I had unpaid debt of ₦2400.

Anyway I will try and pay branch tonight.

But you see kwikmoney I don't intend paying those people till next 50 years.

Their service was poor and their loan interest was high as I collected this last money.
Imagine paying 28% of ₦20k loan within 14 days. I called to their customer care about the problem and error, and they told me they will rectify it. They refused rectifying it till my loan balance was due for repayment.

That's why I harden my heart to pay them their money.

toniblacman:

It's called 'Branch'

oluwafreshkid:


Carbon is really an asss saver. No need crawling to some friends with stories to borrow. Now, if anyone requests money, I just send them my link to download the app.

sugarcoatted:


She didnt spew any rubbish. Cbn has given financial institutions the right to do so.

Neduzze5:


How much did you borrow from that nonsense Branch that you were unable to pay back sef? Branch that finds it hard to give out better money.

@OP, basically there is what we call Credit Reports which is currently been handled and overseen by Credit Bureaus. It's like what we have in advanced countries.

Where you are unable to repay your loan on time, most loan companies give you a lifeline of one month or less.

After that, your BVN, the amount you owe and other details are sent to the Credit Bureaus who then upload it to your report.

It starts to count against you and you may become unable to access loans both from banks and other loan apps until you repay your debt.

As such, always ensure to pay your loans on time. Take loans from better loan companies that give you longer periods of repayment like Carbon, etc.

agarawu23:
kwickmoney is 15% for 14 days. Check below

mujaya1:
please help me, i have the same problem, sometime last year my friend collect me a loan of 5k which he stated that is a trader moni by pmb buhari, last last i discover is a loan from rapidcash which at that time i don,t have money to repay my loan later i got the 5k to pay the loan but to my suprice they deduct 9k from my friend account, also they deduct 14k from other account, this put me in fear up to now i never pay they loan, but rapidcash stop sending me message, how should i go about it.