aktolly54:
loan company should have office everywhere and their debtor can bring valuable things to their office until he repay the loan. There are some people who is decent and won't mind to bring land document or valuable item to their office for assurance that they(debtor) are not running away. Na things wey bend turn some people to debtor, some have a good reputation but things just change and turn things upside down

nautybride:
Since you have their BVN, deduct your money from any of the defaulters account.

The defamation is bad. Simple!

TheMostComplex1:


Why are you calling them thieves? Did they force them to take the loan? A loan the give out to those in serious need without background checks? And people get this loans with few minutes after filing the form. They are really helping people even though that the interest is high

DubaiLandLord1:
The CBN will soon make a law, if you borrow and you don't pay back... Anytime wey money enter the bank account linked to your BVN, them go comot your money with interest sef.

I don't understand why some of una go dey borrow money without paying back.

Bullshit

JosephXavier:
Maybe this is a coincidence, I don't know. But today I learnt that a guy borrowed money from over 15 loan apps and refused to pay

This kind of person don't give a damn if he is blackmailed or not

These are the people that make it look difficult for people with genuine reason for not meeting up with repayment of their loans

But I think that after a person is deflamed, he or she should get a recompense for that, perhaps, the new law which is to check these excesses of online App agents should be hastened to put the embarrassment on check

backbencher:


That leads to the problem of people then not being able to access loans

The loan app companies are 'evil' but if we scrap them

1.No more ability to get payday loans

2.Most banks don't give payday loans...unless you have a salary account with them.

3.Most people who want loans don't have the collateral to apply for them...and banks won't look at you if you have zero collateral.

The app companies are bad...but for now they fill a niche that no one else would fill. I don't see banks like First bank or GTB offering similar loans for poor Nigerians.

FuckDModz:
They'll keep sending the messages and tracking your bank account until you pay up.

Nigerians are difficult people. Why take a loan when you have no means of paying it back?

Some of these fuc.king bastards have means of paying back, but they would rather receive payment for their pathetic services with another person's account just to pepper the loan company.

The best way to go about this is still imprisonment!
Idiots should be imprisoned if they fail to pay back a non-collateral loan after some time. Then send a message to their contacts that their idiot relative has been remanded in prison with no hope of even watery beans.

Annie001:

If that is the case Buhari should also be in prison.
Ode
I hope you get into a terrible situation that will make you borrow and not be able to pay back, then you will come back to say this rubbish

ivolt:


They don't beg.

Karlovych:
Some of these people intentionally take these loans knowing that they have no desire nor intentions to pay back, one recently bragged here that his friend took some loans and fled to Europe to further his education and he too is planning to do the same. Sometimes you begin to wonder if wickedness originated from Nigeria.

Froshloaded:
This fintech companies should employ smart people that will give them smart ideas to curb this..

If I own a loaning app, I will make sure you fill your debit card details down, as soon as money enters your account, my money will be debited immediately.. no need to dey go through all this stress.

DubaiLandLord1:
The CBN will soon make a law, if you borrow and you don't pay back... Anytime wey money enter any bank account linked to your BVN, them go comot your money with interest sef.

I don't understand why some of una go dey borrow money without paying back.

Bullshit

Tunex252:
A friend of mine got a small android phone, buy a new sim card and save random numbers on the phone, then he went ahead and borrowed 25k from this loan sharks, they sent all sort of messages and insult to him, the guy insulted them back say what else can they do, only to defame and send stupid messages to his contacts, then he told them he his not going to pay back and they should do their worst.. omo na dem later beg my guy oo serious begging

hope4nigeria:
thief, how can you be giving loan with 40%interest in 7days, if you send derogatory message to my contacts, I will never pay again. You and CBN will do nothing as I won't use all my accounts to receive money again

FlipModeSquade:
Why take a loan and refuse to pay back?

You should be jailed for absconding with monies that does not belong to you.

You are a Fraudster!

Heartless people!!

udemzyudex:


You resemble person wey go dey owe person money.

samuel051:
They do, another of their staff will call to apologize and try to negotiate.

BluntTheApostle:


You people are missing the point.

The point is after subjecting defaulters to blackmail, and even defamation (which is a criminal offense in Nigeria), is the defaulter still bound to pay?

The issue is not whether people have the means or not of repaying.

Aside the fact that interest and service charges mount from the day of repayment, the riffraff that run these loan apps continue to blackmail their clients, including going as far as defaming them.

Mind you, I have heard cases of people who defaulted by only a few hours, but were already being harassed.

PricelessGem1:
Very disgusting attitude indeed. Why borrow loan when you cannot pay back? When you don't pay back it affects their business as well.

backbencher:


That leads to the problem of people then not being able to access loans

The loan app companies are 'evil' but if we scrap them

1.No more ability to get payday loans

2.Most banks don't give payday loans...unless you have a salary account with them.

3.Most people who want loans don't have the collateral to apply for them...and banks won't look at you if you have zero collateral.

The app companies are bad...but for now they fill a niche that no one else would fill. I don't see banks like First bank or GTB offering similar loans for poor Nigerians.

hope4nigeria:
when you gave poor person #5000 loan and you expect the poor man or woman to pay back #9000 in less than 7days, now this poor dude was desperate and urgently needed money, he took the loan at the time, 7days has come and gone, he couldn't pay more than #7000, your loan company keep increasing defult charges on the remaining #2000, calling all his/her contacts, sending derogatory messages all along, before you know it, the poor man took another similar Loan to pay you off when you almost choked life out of him, then the chain reaction continue till the poor become wretched but you come out to claim you are helping the poor,

backbencher:


Or the poor man can go to his church or mosque or to an NGO and get the cash instead.

Let's not excuse biting off more than we can chew.

REDshouse:
but wat of adding as much as 50 percent interest on a repayable loan of 6 days to 8 days is that also not cheer wickedness what sort of biz can one engage in that will give u dat profit within such period .....

hope4nigeria:
Loan app of any kind must be disbanded, they are fraudulent and Carlos, you sound like a fraudster without concience.

Anwons:
In as much as it's bad to borrow without paying, it worst to send derogatory messages to presumed friends and relatives. I think the loan company should confine their their third party stuff to one or two guarantors before giving out loans.

Come to think of it, they are adding outrageous default fees on daily basis, that means their money is even increasing, why burging people unsolicited messages?