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I Need Loan. I Have Funds In Piggybank Safelock. What Do I Do? - Investment - Nairaland

Nairaland Forum / Nairaland / General / Investment / I Need Loan. I Have Funds In Piggybank Safelock. What Do I Do? (1118 Views)

Help, Want To Unlock My Piggyvest Safelock / See How Much I Got After Opening My Piggybank (Kolo) / Check Out What I Saved From My Can Piggybank For 5 Months (2) (3) (4)

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I Need Loan. I Have Funds In Piggybank Safelock. What Do I Do? by 8by6incher: 1:20pm On May 19, 2022
Don't know why Mod removed my first thread...


Currently, I need funds to raise my business, got some funds locked up in piggyvest (piggybank) till the middle of next year. Is there a way to use piggyvest safelock as collateral to get a loan from any place?
Re: I Need Loan. I Have Funds In Piggybank Safelock. What Do I Do? by Nobody: 1:31pm On May 19, 2022
Why not look for a way to break the safe lock smiley

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Re: I Need Loan. I Have Funds In Piggybank Safelock. What Do I Do? by carl90(m): 2:24pm On May 19, 2022
Try Fairmoney on Google playstore
Re: I Need Loan. I Have Funds In Piggybank Safelock. What Do I Do? by 8by6incher: 3:07pm On May 19, 2022
princetunex:
Why not look for a way to break the safe lock smiley

They said I'd have to wait till maturity
Re: I Need Loan. I Have Funds In Piggybank Safelock. What Do I Do? by 8by6incher: 3:07pm On May 19, 2022
carl90:
Try Fairmoney on Google playstore

Can Fair money give 500k for 6 months?
Re: I Need Loan. I Have Funds In Piggybank Safelock. What Do I Do? by SavageResponse(m): 3:19pm On May 19, 2022
8by6incher:
Don't know why Mod removed my first thread...


Currently, I need funds to raise my business, got some funds locked up in piggyvest (piggybank) till the middle of next year. Is there a way to use piggyvest safelock as collateral to get a loan from any place?

To answer your question what you're offering as collateral can never qualify as collateral.

Here's why:

- Only you have the password to your online account and your profile on Piggyvest or whatever

- The investment was done in your name therefore by default you are the first payee when it matures and is due for redemption

Only a very foolish or ignorant person will accept this as collateral cos it's as good as having zero collateral; lending money to a Nigerian without first obtaining a good collateral is a suicide mission

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