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Nairaland Forum / Nairaland / General / Business / What Will Happen If One Fails To Pay Back Loan From Loan App? (274888 Views)
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Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by ProtectMyMoney: 10:45am On Mar 28, 2020 |
Nigeria is a country where when you borrow even a friend some money, they never want to pay back till it degenerates to a quarrel and the friendship ends without the lender receiving his/her money in full. Sokoloan has discovered what works for them to recover their funds. 2 Likes |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by zeedof(m): 12:15pm On Mar 28, 2020 |
kayodez:yes you can. 1 Like |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by dyydxx: 12:27pm On Mar 28, 2020 |
zeedof: I think it's blacklisting on the said loan app or other loan apps. Only Carbon or Kwikmoney has the necessary resources to update the credit bureau. I have seen this several times. The others dont have the resources too, and that's why they resort to unethical loan recovery practices. They will still grant you, but will tell you to pay back first especially if it was from these loan apps 1 Like |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by Blackeard(m): 5:15pm On Mar 30, 2020 |
Does Nigeria have any facility that aids Debt Consolidation? zeedof: |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by zeedof(m): 8:58pm On Mar 30, 2020 |
Blackeard:not really but in some cases, you may get such facility. Assuming you want to take a facility and the real purpose is to clear bad debt from another institution, then you will not have it because where you are taking it will be concerned about your repayment. But there are two cases you may have such facility.. 1. If you are a salary earner and you want to switch to another bank ofwhich you already took loan facility from the bank you switching from, then your new bank can take care of the loan facility with the previous bank. 2. If you are a business owner and you want another bank to pay off your previous bank loan facility ofwhich the bank paying off the loan have enough collateral for the facility, then it can be possible but more especially when is not is bad debt, May be performing loan. |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by olamilarks(m): 12:22pm On Apr 02, 2020 |
Hi everyone, I got into the the trap of building credit score and I ended up taking loans from 9credit, Branch, Quick check, OPay, but because of this covid19 lockdown I can't work and I can't pay back loan, behold threats. 1 Like |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by Omihanifa: 12:31pm On Apr 02, 2020 |
olamilarks: Nothing will happen as regards branch, and quick check them go just dey send you series of messages but they won't carry out their treats but as for 9credit and opay they will send SMS randomly to your phone contacts after that my guy you are as free as a bird 2 Likes |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by olamilarks(m): 2:15pm On Apr 02, 2020 |
Omihanifa:I have every intention of repaying and uninstalling the nonsense apps, it's better to borrow from friends and family when in need than these apps . |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by Omihanifa: 2:19pm On Apr 02, 2020 |
olamilarks: Bro no kill yourself, after all God sees your Heart that you don't have that money so just keep living and whenever you have the money just pay the exact amount you owed and forget their rubbish late payment fees 3 Likes |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by DiamondOkpi(f): 6:10pm On Apr 02, 2020 |
Please what if you owe Carbon and can't pay back because of COVID lockdown, will they start calling your guarantor and contacts, also will the interest increase ![]() 2 Likes |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by olamilarks(m): 9:56pm On Apr 02, 2020 |
Omihanifa:Thanks bro. That shit just got to me in an odd way. |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by DiamondOkpi(f): 2:34pm On Apr 04, 2020 |
NiggasInParis: ☝️☝️☝️Please what if you owe Carbon and can't pay back because of COVID lockdown, will they start calling your guarantor and contacts, also will the interest increase Please I need urgent answers |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by RedPanda: 4:57pm On Apr 04, 2020 |
DiamondOkpi: No. Carbon doesn't do that. |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by Awesomefoodie: 9:06am On Apr 05, 2020 |
I realized carbon increase interest as long as you default and refused to pay |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by DiamondOkpi(f): 7:26am On Apr 06, 2020 |
RedPanda: Ok, thank you. My payment was divided into two and first one is coming up in 2 days time and I'm so not ready to pay yet. |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by Blackeard(m): 7:42am On Apr 09, 2020 |
Sokoloan has the most useless business model that only thrives because of poverty. Paying a sixty percent interest rate over two weeks is nothing short of fraud. ProtectMyMoney: |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by winnah(f): 8:03am On Apr 09, 2020 |
There's an organization called credit bureau. CREDIT BUREAU: Is a company which collects information relating to the credit ratings of individuals and makes it available to banks, finance companies, etc. Now what will happen is that. You'll have a bad credit bureau report (credit rating) and this report will be sent to all deposit money bank(banks) and central bank. You won't be able to ever get a facility from any financial institution both in Nigeria and outside Nigeria. Check my signature: call for ur quality crayfish and fish from oron ...akwa Ibom. And pls follow and like our Facebook page @ ITIE UDUA. 2 Likes |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by agbajekitson: 11:16am On Apr 09, 2020 |
olamilarks: What can anyone say about fair money if you default cos I think it's about to happen to me cos of this covid-19 Lockdown. No work, no money |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by agbajekitson: 3:13pm On Apr 09, 2020 |
Branch is a very good app to loan money from. You Earn ₦ 500 and get a fast, affordable loan with Branch! In less than 3minutes when you apply through the link below. Click to get the Branch app: https://branch.co/download/agbaje02f11 Be sure to enter my promo code agbaje02f11 to get ₦ 500 in credit after repaying your first loan. |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by agbajekitson: 3:22pm On Apr 09, 2020 |
Blackeard: 5 Likes 2 Shares |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by Omihanifa: 4:21pm On Apr 09, 2020 |
agbajekitson: Yes oo |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by agbajekitson: 6:37pm On Apr 09, 2020 |
Omihanifa:What about fair money? |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by Omihanifa: 7:00pm On Apr 09, 2020 |
4 Likes |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by platorepublic(m): 2:08am On Apr 10, 2020 |
I wish to repay opay and fairmoney but this lockdown and stay at home is not helping matter at all. Fairmoney even threatened to take legal actions against me. I have sent series of emails to fairmoney to explain conditions that warrant my late payment but it yield no positive results. I'm even depressed, the threat is too much for me to bear |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by olamilarks(m): 11:05am On Apr 10, 2020 |
agbajekitson:Threats, possible deductions if you ATM is not changed, crazy late fees. |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by agbajekitson: 1:16pm On Apr 10, 2020 |
platorepublic: What kind of threats are you getting |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by platorepublic(m): 4:21pm On Apr 10, 2020 |
Taking legal actions against me |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by olamilarks(m): 5:50pm On Apr 10, 2020 |
platorepublic:More like police harassment threats! |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by platorepublic(m): 8:02pm On Apr 10, 2020 |
olamilarks:Yes That's how i see it |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by mosho2good: 10:01pm On Apr 10, 2020 |
Earn ₦ 500 and get a fast, affordable loan with Branch! Get the Branch app: https://branch.co/download/olatun41da1. Be sure to enter my promo code olatun41da1 to get ₦ 500 in credit after repaying your first loan. |
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by olamilarks(m): 4:40am On Apr 11, 2020 |
platorepublic:If one could pay up, it's usually the best option. Someone on this thread said they will allow the loan to rack up late fees of upto 200k, then will head to the local police with this lump figure. |
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