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Nairaland Forum / Nairaland / General / Business / How Quick Loans Lure Workers, SMEs To Debt Traps (29977 Views)
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Re: How Quick Loans Lure Workers, SMEs To Debt Traps by pocohantas(f): 8:52am On Mar 14, 2021 |
Kondomatic: I got one of such messages from them, obviously a contact collected loan. I sent a her a WhatsApp message “Go and Pay ooo”. Na businessmen collect pass, na them default pass kwa. Some of them have integrity though, some situations beyond their control... |
Re: How Quick Loans Lure Workers, SMEs To Debt Traps by nsiba: 8:59am On Mar 14, 2021 |
AerialMapper:. In this Nigeria is there anything like embarrassment again? Most especially coming from some criminal funded enterprises 1 Like |
Re: How Quick Loans Lure Workers, SMEs To Debt Traps by gfon(m): 9:01am On Mar 14, 2021 |
LauraClasikVibe:i got addictf to it,had to give myself sense cause i wasn't making any savings 1 Like |
Re: How Quick Loans Lure Workers, SMEs To Debt Traps by sylve11: 9:07am On Mar 14, 2021 |
bodmas119: ![]() ![]() ![]() ![]() |
Re: How Quick Loans Lure Workers, SMEs To Debt Traps by LauraClasikVibe(f): 9:07am On Mar 14, 2021 |
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Re: How Quick Loans Lure Workers, SMEs To Debt Traps by Pharaoh4rin(m): 9:10am On Mar 14, 2021 |
karzyharsky: That's true! They sent such a message to me urging me to tell my friend who took a loan. I was confused until I had to call him. He admitted that he took the loan, but he'll pay. Guy, you're right. Wow! |
Re: How Quick Loans Lure Workers, SMEs To Debt Traps by JackWolfskin: 9:14am On Mar 14, 2021 |
79733139: Those little 'permissions' you give/accept while installing and using the app. Messages Contacts Camera (some) |
Re: How Quick Loans Lure Workers, SMEs To Debt Traps by SEGLIZ: 9:37am On Mar 14, 2021 |
authority2006: what I know about the online platform is they cast everywhere even down to you family members. though for micro LAPO, I can confirm to you they extra miles in redeeming the fund. I have one on my street, besides I've had people I that did the scheme even before the one on my street came, the way they scamper to pay back is hypertensive. for cooperative scheme bro you be chairman o, you money is the one speaking and working for you now. unlike this one without dividend and still you over pay interest. it better to go into contribution or cooperative than all this devilish soft loan scheme. you running a scheme that gives you rest of mind and room to sleep unlike all this soft loan and micro scheme. the greed in our people won't make them want to. 1 Like 1 Share |
Re: How Quick Loans Lure Workers, SMEs To Debt Traps by isaac65: 9:40am On Mar 14, 2021 |
Short term loans helps provided you repay on time. I have been with Kwikpay credit for so many years. I only borrow when I need to but always payback when I receive my salary. 3 Likes |
Re: How Quick Loans Lure Workers, SMEs To Debt Traps by authority2006(m): 9:48am On Mar 14, 2021 |
SEGLIZ: I do weekly contributions as well, but that's not a direct loan. The problem with our people is impatience and sacrifice. You tell them that they have to save and wait for 6 months before they can obtain loan from the cooperative society, they will pass. Or, the weekly contribution that could span over a year! |
Re: How Quick Loans Lure Workers, SMEs To Debt Traps by Tulsaguy: 10:06am On Mar 14, 2021 |
![]() 1 Like |
Re: How Quick Loans Lure Workers, SMEs To Debt Traps by Klechman(m): 10:24am On Mar 14, 2021 |
rangerover:Cashhere is really demonic, sokoloan the mother of them all |
Re: How Quick Loans Lure Workers, SMEs To Debt Traps by SEGLIZ: 10:27am On Mar 14, 2021 |
authority2006: you've finally open up our people and finished them. no one is willing to grow and groom their way to success but they want it quick and hot at the end it will get their tongue burnt and throat choked. I strongly advise those around and who ever cares to listen to go into contribution for it is easy even faster than all the scheme they run after believing they are better, easier and faster but leaving them devastated for more longer time than they would have waited. 1 Like 1 Share |
Re: How Quick Loans Lure Workers, SMEs To Debt Traps by CyberEBOLA(m): 10:35am On Mar 14, 2021 |
OceanEye:Most people wont pay shishi after going through such embarrassment |
Re: How Quick Loans Lure Workers, SMEs To Debt Traps by mfoniso67157: 10:53am On Mar 14, 2021 |
:How?? Details??type specta on Google. Continue from there.. Finished paying my loan feb 28..and have collected another |
Re: How Quick Loans Lure Workers, SMEs To Debt Traps by razzydoo(m): 11:18am On Mar 14, 2021 |
Them no dey telli person, telli person...make i do small motivational speech, you cannot be in grace and be disgraced. Facto!! |
Re: How Quick Loans Lure Workers, SMEs To Debt Traps by MrFollowFollow(m): 11:38am On Mar 14, 2021 |
Shi2malaga: So what if it's just 1K, is that why you should not pay it back? ![]() |
Re: How Quick Loans Lure Workers, SMEs To Debt Traps by MrFollowFollow(m): 11:48am On Mar 14, 2021 |
Gbagura: It appears you're a habitual debtor. The reason why you hate them i because they refused to let you take them for a ride! Sokoloan knows how to deal with people like you who borrow but don't like to pay back ![]() |
Re: How Quick Loans Lure Workers, SMEs To Debt Traps by MrFollowFollow(m): 11:51am On Mar 14, 2021 |
Ameboperoo: If you are not firm in your approach a Nigerian debtor will never repay his loan! ![]() 1 Like |
Re: How Quick Loans Lure Workers, SMEs To Debt Traps by MrFollowFollow(m): 11:54am On Mar 14, 2021 |
WowSweetGuy: A delay of just 1 day affects the revenue of the loan company because you have tied down money that would otherwise be lent to another person to earn revenue interest 3 Likes |
Re: How Quick Loans Lure Workers, SMEs To Debt Traps by Rodwave: 11:56am On Mar 14, 2021 |
IjeBos: U are funny. Some are even as high as 15% per month. |
Re: How Quick Loans Lure Workers, SMEs To Debt Traps by MrFollowFollow(m): 11:59am On Mar 14, 2021 |
nsiba: It is because of dishonest people like you that regular and honest people who need the loans are charged high interest rate due to perceived risk of such exposure by the quick loan company! 3 Likes |
Re: How Quick Loans Lure Workers, SMEs To Debt Traps by Rodwave: 11:59am On Mar 14, 2021 |
StandardBuilder: No business can survive with that type of loan. It's only good in boosting your credit rating for newbies. 2 Likes |
Re: How Quick Loans Lure Workers, SMEs To Debt Traps by WowSweetGuy(m): 11:59am On Mar 14, 2021 |
MrFollowFollow:Then is it worth destroying my business relationship with my contacts right? Even not afraid to call my family a set of thieves on d run. I wonder how they expect me to pay? I want to even find who sent that text to kill the person and let me go to prison (that's if I'm caught) So be careful, You work for those fvckin chinese who pay to stipends less than 50k i guess to be embarrassing your people and go beyond limit. Do u know the message against me made me loose my biz deals and job trust.... One day One day a demented head like mine will trace ur num and kill u for destroying him over how much that would be eventually paid...it wasn't even my first loan with them i pay 2days bfr d due date. I will teach those ur staff a lesson but they might not know it is d sms they are sending that killed them |
Re: How Quick Loans Lure Workers, SMEs To Debt Traps by MrFollowFollow(m): 12:03pm On Mar 14, 2021 |
nsiba: You are a very dishonest person! 1 Like |
Re: How Quick Loans Lure Workers, SMEs To Debt Traps by Ameboperoo(m): 12:05pm On Mar 14, 2021 |
MrFollowFollow:I have work in the loan department of a Microfinance bank and I know that. But the approach of these apps is very wrong. I was talking to one of their costumers care representative and he was just shouting that I'm lying, I had to end the call and sent a warning text to him. Why should I lie because of how much? An |
Re: How Quick Loans Lure Workers, SMEs To Debt Traps by WowSweetGuy(m): 12:16pm On Mar 14, 2021 |
OceanEye:Exactly. Myself also, i really intended paying them back with d default days charges but these Idiots are super rude when they call and then sent embarrassing messages like my family name are thieves and on d run. How do they want me to pay again after this damage like they can redeem my image after d super rubbish they did. I swear i feel like i should never pay again..lets go to court, they destroyed a supply i normally make weekly with their Useless messages. They should better be smart and find other ways of getting their loan back than this format. My loan is 2500naira o |
Re: How Quick Loans Lure Workers, SMEs To Debt Traps by Gbagura: 12:17pm On Mar 14, 2021 |
MrFollowFollow:As your moniker depicts, you're mere follower. Now crawl back to the hole you came from. Dangote inlaw that you are. 2 Likes |
Re: How Quick Loans Lure Workers, SMEs To Debt Traps by harjay1986: 12:24pm On Mar 14, 2021 |
FatherCHRISTMAS: you are right bro, but i have one conny friend that beat them, once he download the app during the registration he will give permission for his contact to be read but when he is ready to take the loan he will deny the permission, by this they will find no contact to copy |
Re: How Quick Loans Lure Workers, SMEs To Debt Traps by WowSweetGuy(m): 12:40pm On Mar 14, 2021 |
harjay1986:You can even move all ur contacts away and form ghost contacts. There are ways ofc to beat that shiit...but some of us had good intentions to pay back but after a day or two default and they go that length of destroying what they don't know you have built makes me despise them. Imagine saying all my family are criminals and on d run. Nigerians will Deal with those chinese apps. They must go back to chinan fools |
Re: How Quick Loans Lure Workers, SMEs To Debt Traps by MrFollowFollow(m): 1:04pm On Mar 14, 2021 |
AerialMapper: For making this kind of suggestion it's obvious that you're a thief! |
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