Dear Sokoloan, I will be in my best behaviour while posting this.

I applied for a loan a month back which I didn't repay in time. I got a call from an extremely rude official 5 days after I received the loan. She informed me that payment is due and I should do that immediately. I tried to be friendly but she wasn't. I asked if I could pay part but she arrogantly declined.
The next day I got a call from her again with insults this time. I told her she's not professional with her work and that made her worse. She threatened to disgrace me in the worst way ever (via SMS). My phone got stolen that night. A day after she sent the most devastating message ever to all my contacts. How she got access to them still surprises me. In her message, she said I'm a wanted criminal on the run with company funds. I got tons of messages on Facebook and missed calls and messages on my other line - my former employers, course mates, lecturers, neighbors, family, besties, other influential people. I was really mad! I had over 300 contacts for Christ sake. I called her immediately to send a convincing message to my contacts. She was adamant and continued with her insult, I fired back not minding her age. I threatened to take the case to court, but I was financially down at that moment. My sister called her immediately she got one of her text and they ended up insulting eachother. I called her some days after, she was a bit calm, and I asked if she would resend another SMS and make everything transparent to my contacts. She said once the payment is complete we'd discuss that. When the payment was deducted automatically from my account, I called the number, but the new user doesn't seem to know me. She requested for my login number I gave her but she said she can't access my account. Up till now. I think I've been too calm with them and I am taking it up now.

The worse part of it is I lost most of my contacts which means I may not be able to clarify myself. This is the worst thing ever to happen to someone.




I've mailed them concerning the issue and I'm yet to get feedback.

Pics below:

nothing fit carry me borrow from Sokoloan,em worse pass loan shark sef!

Wahala Be Like Loan Ooh

Oga, let it go...
Got same stolen company fund on my phone some days ago..
This lady is calm, what she told me is she needed the money urgently and she applied for their loan..
When I got the mesaage, I thought she absconded with almost 30million company fund..
When I called her, she was weeping prosefuly and knowing her, she can take her life. Alas, na just 10k debt o..
I wasn't really buoyant but I sent it to her to pay up.
These loan company's new tactics can make some faint hearted commit suicide..

They should be a general online protest against sokoloan....

Honestly something needs to be done about all these loan sharks how can a company go as far as lying against someone that they ran away with company funds


The highest they should have done was to call the guarantors and not calling the whole contacts on the phone

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hgnbello:
Wahala Be Like Loan Ooh

easy to collect but hard to repay

Perfectsouth:
Oga, let it go...
Got same stolen company fund on my phone some days ago..
This lady is calm, what she told me is she needed the money urgently and she applied for their loan..
When I got the mesaage, I thought she absconded with almost 30million company fund..
When I called her, she was weeping prosefuly and knowing her, she can take her life. Alas, na just 10k debt o..
I wasn't really buoyant but I sent it to her to pay up.
These loan company's new tactics can make some faint hearted commit suicide..

Thanks sir, I appreciate. I can only let go if they'll send back a transparent message back to my contacts. I only took a loan of 5k and not 5 million. After the bad SMS, when I told them what really happened, they got irritated and offered to pay the bills instantly but I declined. That day happened to be an exam day, I couldn't concentrate.

I hate uselessness especially from useless organization.

Sokoloan, the nightmare of desperate borrowers ... A friend called me before midnight like a week ago and was begging me to to send 17k to her account, that she has the cash, but needed to send the money immediately; the Sokoloan people were on her head, insisting that she mus make the payment that same night being the due date. Imagine the relief, when I sent her the money. She could not thank me enough. I asked her to keep it, but be wary next time of these loan companies promising heaven on earth.

Omihanifa:
Honestly something needs to be done about all these loan sharks how can a company go as far as lying against someone that they ran away with company funds


The highest they should have done was to call the guarantors and not calling the whole contacts on the phone

God bless you, that should have been the highest.

Omihanifa:
Honestly something needs to be done about all these loan sharks how can a company go as far as lying against someone that they ran away with company funds


The highest they should have done was to call the guarantors and not calling the whole contacts on the phone

I won't blame them entirely. If you know how we Nigerians behave you'd understand. Many don't have the intention of paying back the loan they borrowed. If they are too gentle they'll go bankrupt, na madness we dey like....

There's one other loan company like that(forgot the name), they'll only threaten to message your contacts but they won't. A guy here on Nairaland was saying they are disturbing him too much with calls, so for that he's not going to pay back and he knows they won't message his contacts.

If you are not certain of paying back the loan at the stipulated time don't borrow. No be by force... If you know what these loan companies don see for Nigerians hand you won't blame them, just like a "wounded lion", It's do or die to them now, they don't care how it affects you, they want their money back by fire by force

jchioma:
Sokoloan, the nightmare of desperate borrowers ... A friend called me before midnight like a week ago and was begging me to to send 17k to her account, that she has the cash, but needed to send the money immediately; the Sokoloan people were on her head, insisting that she mus make the payment that same night being the due date. Imagine the relief, when I sent her the money. She could not thank me enough. I asked her to keep it, but be wary next time of these loan companies promising heaven on earth.

Your friend was lucky.

Choi i use God beg carbon make them no try this with me.
Coz as them Don dey send me text threatening legal action so I hope no be next step

jagorinho:
easy to collect but hard to repay

Na So.

Too many bad reviews about soko loan.

What you people actually don't understand is, if a customer refuses to pay back a soko loan, the money will be deducted from the salary of the staff that disbursed the loan. That's why they are so mean and ruthless. Sometimes they will even threaten you with police . The will embarass you by texting all your contacts including your exs and enemies.

In addition I can't blame them, these fintech loan companies suffer alot in the hands of Nigerians. Most people borrow from them with no intention of paying back. They may seem nasty but Nigerians will never coporate without being handled with iron hand.

possibilita:
Choi i use God beg carbon make them no try this with me.
Coz as them Don dey send me text threatening legal action so I hope no be next step

Lol, omg, I can't stop laughing rn. . You're so.scared, lol....

Omg, I'm sorry about your experience but this was so funny to read. One of the reasons I don't take loans from apps, I no get mind for embarrassments, even people wey no like me sef go dey call to ask wetin happen. Take heart ehn.
I don too laugh. Sorry, nnugo?

Their junior brother 9jacash almost embarrassed me earlier this year but dem no reach

Soko people are the worst of the loan fintechs. Just try your best to repay them and send them a mail to block your account jejely to avoid future temptation. CBN hasn't been honestly overseeing the activities of this fintechs.

Remember when I was damn broke and took 1k Loan then in school from vikicash on 9mobile then

Mehn after 14 days that I didn’t pay, they started sending me threats that they will take me to finiancial bureau and efcc

Mehn and was Damn broke. My friend saw the message and said how much was the loan

Don’t ever take a loan

That will ever be the last Loan or money I will ever borrow in my entire life

One guy told me Soko loan went and sent a message to his ex- girlfriend only for that one to even load them with additional information about him

He said the babe gave them his house and office address only for Soko loan to call him the next day and they were telling him that if he doesn't pay up his debt they will come to his house and office

Palmerbarry:


Your friend was lucky.

I tell you. The ediots could not even give her the benefit of doubt and allow the day to break. I have advised her to take care with these loan apps, but guess what? She was even telling me that she would not use sokoloan again, but use only carbon and fairmoney. I smh.

Allae Credit is terrible also

Omihanifa:
One guy told me Soko loan went and sent a message to his ex- girlfriend only for that one to even load them with additional information about him

He said the babe gave them his house and office address only for Soko loan to call him the next day and they were telling him that if he doesn't pay up his debt they will come to his house and office

Hehehehe.

Pay back time for the Ex.

GreatPro33:
Remember when I was damn broke and took 1k Loan then in school from vikicash on 9mobile then

Mehn after 14 days that I didn’t pay, they started sending me threats that they will take me to finiancial bureau and efcc

Mehn and was Damn broke. My friend saw the message and said how much was the loan

Don’t ever take a loan

That will ever be the last Loan or money I will ever borrow in my entire life

On top 1k!

Haba.

uboma:



On top 1k!

Haba.

lol I swear

Palmerbarry:


Thanks sir, I appreciate. I can only let go if they'll send back a transparent message back to my contacts. I only took a loan of 5k and not 5 million. After the bad SMS, when I told them what really happened, they got irritated and offered to pay the bills instantly but I declined. That day happened to be an exam day, I couldn't concentrate.

I'm sorry to hear about your bad experience. I work at Some Loan and it is their policy to send those messages to a loan defaulter's contact.
They employ a lot of people and just like banks or other institutions that gives a target, there are bound to be employees who tend to be very harsh on customers in a bid to get them pay up their loan.
It's unlikely you'll get your demand for messages to be sent to your contacts to notify them that your debt has been paid, I'll advise you let it go, no matter how painful it is.

Once again, I'm sorry about your experience and for others who have experienced this.

5thAngel:

I'm sorry to hear about your bad experience. I work at Some Loan and it is their policy to send those messages to a loan defaulter's contact.
They employ a lot of people and just like banks or other institutions that gives a target, there are bound to be employees who tend to be very harsh on customers in a bid to get them pay up their loan.
It's unlikely you'll get your demand for messages to be sent to your contacts to notify them that your debt has been paid, I'll advise you let it go, no matter how painful it is.

Once again, I'm sorry about your experience and for others who have experienced this.

The next protest will be against Soko Loan. Inform your bosses to be calming down o