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What Will Happen If One Fails To Pay Back Loan From Loan App? - Business (17) - Nairaland

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Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by Trojan8: 4:41am On Apr 11
platorepublic:
I wish to repay opay and fairmoney but this lockdown and stay at home is not helping matter at all. Fairmoney even threatened to take legal actions against me.
I have sent series of emails to fairmoney to explain conditions that warrant my late payment but it yield no positive results. I'm even depressed, the threat is too much for me to bear

Check your fairmoney app, canceled all interest and stopped counting for late loans.
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by ikezudon(m): 5:40am On Apr 11
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Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by agbajekitson: 10:55am On Apr 11
Trojan8:


Check your fairmoney app, canceled all interest and stopped counting for late loans.
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by damcell25: 11:01pm On Apr 15
[quote author=platorepublic post=88277802]I wish to repay opay and fairmoney but this lockdown and stay at home is not helping matter at all. Fairmoney even threatened to take legal actions against me.
I have sent series of emails to fairmoney to explain conditions that warrant my late payment but it yield no positive results. I'm even depressed, the threat is too much for me

Did they call your contacts or Guarantors (fairmoney)
Because am in the same mess now and they are threatening to call my Guarantors
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by adeyemi0005(m): 9:26am On Apr 16
[quote author=damcell25 post=88489101][/quote]calm urslf my brother.. don't b panic oo. Don't stress yourself because of their yeye threat. The worse dy will do is to call u or one or two of ur contact. Case closed. Even Nigeria they own debt.. forget them.

2 Likes

Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by Awesomefoodie(f): 10:35am On May 02
DiamondOkpi:



☝️☝️☝️Please what if you owe Carbon and can't pay back because of COVID lockdown, will they start calling your guarantor and contacts, also will the interest increase Please I need urgent answers

Carbon won't call your contacts or guarantor, but they will send you msgs and calls. And yes they keep adding interest to the loan if you do not pay on time and it keeps adding up too. But what I don't know is if they will come to your house through the address you submitted to them to recover their money if you refuse to pay.
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by emperorblog21(m): 3:59pm On May 02
what will happen if one did not pay kwikmoney on time evem after extending d loan.
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by airminem(f): 6:28am On May 08
dyydxx:


I think it's blacklisting on the said loan app or other loan apps. Only Carbon or Kwikmoney has the necessary resources to update the credit bureau. I have seen this several times. The others dont have the resources too, and that's why they resort to unethical loan recovery practices.

They will still grant you, but will tell you to pay back first especially if it was from these loan apps
Good day, please just your input. I applied for branch loan and i just paid the load amount before it due date. Can i re apply immediately for a fresh loan?
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by airminem(f): 6:30am On May 08
oluwafreshkid:


Check your network
Carbon that I use on a regular.
Please after i repay my loan before due date, can i re apply and get a fresh loan immediately,
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by honsule(m): 8:22pm On May 08
airminem:
Please after i repay my loan before due date, can i re apply and get a fresh loan immediately,

For now they don't give immediate loan.
Even migo has packed up

1 Like

Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by NewLogicalMind: 8:33pm On May 08
honsule:


For now they don't give immediate loan.
Even migo has packed up

I won't be surprised if small fintech companies in Nigeria start packing up

Nigerian are a terrible set of people, they like to borrow but they don't like to repay loans! angry
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by oluwafreshkid(m): 10:33pm On May 08
airminem:
Please after i repay my loan before due date, can i re apply and get a fresh loan immediately,
Yes

1 Like

Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by airminem(f): 4:04pm On May 09
angry

I was not approved for a fresh loan after paying two weeks before due day

undecided
oluwafreshkid:

Yes

1 Like

Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by honsule(m): 2:36pm On May 12
airminem:
angry

I was not approved for a fresh loan after paying two weeks before due day

undecided


The lockdown is affecting them too. Because I believe many people will be unable to repay, hence once u repay yours the will immediately reduce the amount, that is if they are to give u another loan.

fairmoney loan of 50k i paid interest of 10k. Total of 60k. A week before the due date. And 7 days interval was given before the APPLY button was active again. When I said, let me see their offer this time around, I was surprised to see 2,500 as highest loan. LOL. I just deleted their app from my phone with immediate alacrity. They called me 2 times, I blacklisted their number. Rubbish shocked

1 Like

Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by airminem(f): 7:10am On May 13
This absurd and totally unbecoming bro

What happen to the 50billion CBN intervention funds na?
They too can access the FUNDs

honsule:



The lockdown is affecting them too. Because I believe many people will be unable to repay, hence once u repay yours the will immediately reduce the amount, that is if they are to give u another loan.

fairmoney loan of 50k i paid interest of 10k. Total of 60k. A week before the due date. And 7 days interval was given before the APPLY button was active again. When I said, let me see their offer this time around, I was surprised to see 2,500 as highest loan. LOL. I just deleted their app from my phone with immediate alacrity. They called me 2 times, I blacklisted their number. Rubbish shocked
Re: What Will Happen If One Fails To Pay Back Loan From Loan App? by teekay2cool: 9:57pm On May 23
RedPanda:


very true. had this experience with sokoloan. As in, it was terrible....I just didnt have the money, it wasnt even that i didnt want to pay. Give me more time na lie, always bombarding me with calls and then they started spaming my contacts with messages like I used them for reference which i never did and then saying I was an alleged fraudster on the run for 5k grin grin grin........mehn it wasnt funny.... when about 5 people called me, I was so infruriated and then now decided I was never going to pay back. I sent messages to all my contacts they my gmail contacts had been hacked and i'm being defamed by scammers desperately trying to tarnish my image. All my contacts got the message so people stopped contacting me. They were even piting me sef, that was how i was able to overcome. After a while I blocked all their contacts, there is this particular rude girl sending threatning messages everytime that they will arrest me, they will do this....untop 5k abeg shift comot. e don reach about 4 months now. The last person to call me I said if i pay now will they retract their lies and defaming mesages, if they defame me they should take that as the money abeg, no time. Now me and folks laugh about them as Scammers.

But seriously something meeds to be done about Sokoloan, they have very unethical practices. Somebody needs to sue them and put them out of business, get them banned on playtore or something. Very rude HND or OND loan recovery agents that cant even spell well.

I'm in the exact situation bro, and I'm going to adopt ur strategy. Abeg drop ur number lemme holla at u

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