thesicilian:
It's not the company's fault. The criminal probably dropped your number as a close contact and they are helpless now that he has absconded with their money

crafteck:
My post

Maxymilliano:
I have no doubt whatsoever that company is owned by Soko Loan.

I once engaged one of the agents after getting similar message and the uncouth ways they address people is extremely distasteful

thesicilian:
It's not the company's fault. The criminal probably dropped your number as a close contact and they are helpless now that he has absconded with their money

Walelavender:
The rate of proliferation of these loan companies is sickening. Before now, I take time time to listen to them, when they make such yeye calls, now, I block them, instantly.
Where is the indemnity form I signed, when the person was collecting the loan Arrant nonsense!
OP, block instantly!

Mustiboy:
Onigbese, san gbese rẹ

einsteine:


Did you say minimal interest rate?

50% interest in 6 days is what they charge. Nothing minimal in such pure usury. They still make lots of money even half default.

Their loans are over 1 million percent interest on a compounded annual basis.


ETA: The loans are actually over a trillion percent per year on a compounded basis. For example, some one who takes a loan of say 30,000 probably unemployed or underemployed would usually end up paying 15k weekly as they won't be able to pay back the principal so they keep paying the interest to roll it over till they run out of funds. The combination of short tenor and high interest is deliberately designed to create loan slavery.

thesicilian:
It's not the company's fault. The criminal probably dropped your number as a close contact and they are helpless now that he has absconded with their money

Honchoslim16:
I work with an online loan company.
The reason why we call debtors contacts,is because they are the ones close to the debtors, since the debtor is ignoring our calls...they know how to talk to the debtor so that he/she can pay up and avoid unnecessary messages or calls.

It now depends on how the Loan Collecting Officer addresses you...... because not everyone who knows how to relate good with others.

When someone's loan is 19 days overdue,I do call and speak politely their contacts to help me reach to the debtor..... within 3 days,the money gets paid.

Rexymania:
Which loan company you dey work with?

einsteine:


You are conflating these loan apps with legal lenders such as Carbon (10-30% monthly interest rate) who have legal licenses and deposit taking capacity.


Investors don't place funds with these particular ones. They don't even have licenses with the CBN. These are fly by the night Chinese hustlers bringing in money from China and Hong Kong to lend at huge interest rates. Even if just half of their customers pay up, they will still make profits which is repatriated regularly to China through black market Forex purchases. I won't be surprised if the source of the money is from the Chinese triads.

Maxymilliano:
I have no doubt whatsoever that company is owned by Soko Loan.

I once engaged one of the agents after getting similar message and the uncouth ways they address people is extremely distasteful

Honchoslim16:

NextCredit
CreditPro

EricSmallz:
Idiot Unregulated Loan apps. They came true for me sometimes ago sha

thesicilian:
It's not the company's fault. The criminal probably dropped your number as a close contact and they are helpless now that he has absconded with their money

TechNana:
Given loan to customers by this tech companies is now like modern-day scam...

If you know you know,

With your permission (unknown to you) they plant a bug in your phone to help them access almost every private information on your phone...

More like you sharing your phone with a third party because of a loan...

Dumte:
One funny thing is that most of these loan companies are owned by Chinese people. And they employ Nigerians to embarrass their fellow citizens.

Just yesterday I got two calls from different numbers claiming that two of my colleagues took a loan and had refused to pay. And those people are not like that o. Maybe one things could've let to them been unable to pay on the due date, they started damaging the person's image.