Otobroto:


https://dailytrust.com/how-trending-quick-loans-lure-workers-smes-to-debt-traps

slawormiir:
Damnnn niggarrrr
Isoright ....

Am not a fan of quick loan....I hate borrowing..

I always heed to my grandfather's advice...which states that .....son.....always prepare for the worse and hope for the best....

Borrowing leads to poverty- tea
May we drink all type of tea in this life except pover-TEA

Funkeshuga:



they where sending terrible text to a friend contact all because he defaulted 2days after reaching out to them


like calling him a criminal, and we should report him to police. I've to put a call through, he was so embarrassed


how much is this money he said 16k but they collected 23,947. those evil, I've to send him 15k immediately and beg him to find means for the rest and save himself for the embarrassment

sylve11:



my friend stop this nonsense talk. I know you are one of them loan agents.

clemzo101:
These people dealt with me until I told myself I was going to stop no matter what. It's been over 1year now I have not collected a dime.

Next they started using phone calls to disturb my life. I told them I am not interested anymore, yet they keep calling.

Last time I told the lady that called me that she is a very wicked and a bad person, instead of being happy that I got saved and free from the slavery, she is busy encouraging me to come back.

Stay away from it guys.

SEGLIZ:

sir it seems you don't know or understand this loan we are debating here? it's not even a soft loan na quick loan, sharp sharp loan, it is generally know as LAPO in my environment, though there different schemes that has the same modus operandi.

Godarz:


If i took a loan from you, and i did not pay, how would you get your money back?

pocohantas:
Banks were given a mandate to increase their risk assets (loans), that is why commercial banks became risk-friendlier and started rolling out different individual loan packages. It is not like they wanted to give you before.

Previously, most RMs shy away from risk. No one wants to book a bad loan that would kill his/her career and even affect their branch. Recovery is another issue, Nigerians have bad character and I am sure it is because of us they added that to the Cs of credit.

Even as friendly as banks were, they were still not accessible to the average person, that is why these independent loan companies became more popular. I’ll say, avoid them. Loans are not for personal hard times, weddings or vacations. You have your family and friends for such soft loans...

Banks cannot give you loan until you provide hard evidence to prove that you actually don't need a loan but a businessman is got no options. You must patronize them anyways.

Yea, recovering loans from Nigerians is a tough job that's why these loan apps go the hard way. Once your grace period expires, they will declare you wanted and forward the message to all your contacts, no joy

Hey, log out and go to church before emepem anyam

obonujoker:


How?? Details??

nsiba:
.

My brother me and my guys don chop no be today, make dem dare come hold on top the criminal high interest na person head go hear am
Awon werey, where dem self go get d money?

FatherCHRISTMAS:
Those apps are nothing but loan sharks. The amount of interest they place on loan is too high. They know you can't pay back on time.
Theyy know you can't pay back on time so they call your contacts, girlfriend, exgirlfriend, neighbors, your in-laws ND co-workers. They send out text messages too that will tannish your image

Godarz:


If i took a loan of one million naira from you and then i refused to pay, how would you get it back?

It is like you are saying you will forgive me the loan.?

Okay, that means that everyone can come and borrow money from you without anyone paying back because you are so generous

Till you are down to your last one naira.

Thanks

OceanEye:


Something I am battling right now. These bastard loan app sent embarrassing messages to my contacts when I was about to pay them. Then I told them frankly that I am not going to pay back, that the damages they have caused can't be redeemed with the money I owe. They said they are going to arrest me and I am waiting for that. I even demand for there physical address with they refused to give me. One of my contacts who received the message even advised me to take legal action! And I have already reported them to the authority. I like trouble, if you ask me, same as they do.

nsiba:
.

For dis 9ja as long as me and you didn't put pen to paper and sign in the presence of our lawyers, OYO 4u

gfon:
My eyes see shege for this matter

Godarz:


Okay so people can come and take money freely from you

Thanks.

By the way in taking a loan from a loan app you agree to their terms and conditions which is a legal document

And should you go to.court you will lose

And not paying back the loan makes it difficult for the loan app to give loans to other people in need

And they go out of business

And then the poor have to go to banks who demand collateral and other high faulting stuff before you can get a loan

So if you cant pay a loan back don't take it.

Good morning to you