I applied for a loan of 30k, am a loyal customer of this particular loan company. The company is fast in disbursing of money even though they collect 30% interest which was very high. I collect loan, make business with it and pay back within 2days, but the last loan i took hasn't been disbursed for 3days now. The farm crop i intend buying, then resell with the money has been sold out. I called the customer care line it was switched off. I emailed them, tell them i no longer need the money. They replied and said my money has been approved and can't be cancelled. I cant pay 9k extra on money i didnt make use of. Am yet to recieve the 30k and my account is still reading pending. I intend sending them the 30k without the 9k interest once the money got disbursed. 3days now my account is still pending and i no longer need the money. What should i do?

Wait till dey disbursed the money

Cheato64:
I applied for a loan of 30k, am a loyal customer of this particular loan company. The company is fast in disbursing of money even though they collect 30% interest which was very high. I collect loan, make business with it and pay back within 2days, but the last loan i took hasn't been disbursed for 3days now. The farm crop i intend buying, then resell with the money has been sold out. I called the customer care line it was switched off. I emailed them, tell them i no longer need the money. They replied and said my money has been approved and can't be cancelled. I cant pay 9k extra on money i didnt make use of. Am yet to recieve the 30k and my account is still reading pending. I intend sending them the 30k without the 9k interest once the money got disbursed. 3days now my account is still pending and i no longer need the money. What should i do?

You need to send them an email stating that you no longer wish to proceed with the transaction.

Make sure you copy yourself in the email so you have evidence that you actually sent it and remember to include all your details such as full name, account number, bank account, customer ID etc

NewLogicalMind:


You need to send them an email stating that you no longer wish to proceed with the transaction.

Make sure you copy yourself in the email so you have evidence that you actually sent it and remember to include all your details such as full name, account number, bank account, customer ID etc

i have been doing that also am saving screengrabbed the loan page, how long it took them to deliver even though they are yet to deliver