I sincerely apologize if I posted in the wrong section.

Hi, I really need advice here.
Sometimes last year, I had to borrow money from some of these online loan app. For about 8 month I was servicing the debts I.e pay back, they deduct their interest and I reapplied again.

As it stands now I have defaulted in all of them by over 50 days. Sincerely the means was not really there to even service the debts any longer towards the end of last year.

However this year i got something doing recently but the debts have pilled up and it running over 300,000 As it stands now I can only afford to pay 30,000 by my current earnings which would take at least 10 months which most of the loan app would not accept.

Sincerely it's beginning to give me sleepless night as I understand these companies have staff under them to pay and would also have to pay their investor interest and I also understand it could affect my credit score.

I would be grateful if anyone (especially those in the finance and law sector) can offer an advice and to how I can go about it.

I would also like to know the legally implications of my current situation.

Note
Getting a loan from a bank is out of it as my source of income is not corporate and hence I have no employment letter and payment for my services mostly come via cash payment.

I WOULD APPRECIATE EVERY ADVICE GIVEN

Pay what you can regularly even if it's 15k monthly till you enjoy better fortunes and can pay higher and ultimately clear the debts

How did you manage to awe up to 300,000?

SUPERPACK:
How did you manage to awe up to 300,000?

its a long storey

kunleweb:
Pay what you can regularly even if it's 15k monthly till you enjoy better fortunes and can pay higher and ultimately clear the debts

Thanks. The thing is its not just one organization. while am paying one, the other is increasing daily by a certain percentage for defaulting.

lawrenzooo:

Thanks. The thing is its not just one organization. while am paying one, the other is increasing daily by a certain percentage for defaulting.

Name the organizations.


After a while Kwikash stops increasing so it can be paid off.

kunleweb:



Name the organizations.


After a while Kwikash stops increasing so it can be paid off.

Haloocredit
Quickcheck
Branch
Fair-Money

lawrenzooo:

Haloocredit
Quickcheck
Branch
Fair-Money

Bros, you dey vex oh see list. That is why it is not good to borrow from organizations.

lawrenzooo:

Haloocredit
Quickcheck
Branch
Fair-Money

Brnach will trouble you o but lal will give you time before they blacklist our BVN. I recommend you split what you can afford regularly amongst them. Sell off electronics you have that you can afford to spare to reapte some part

kunleweb:



Brnach will trouble you o but lal will give you time before they blacklist our BVN. I recommend you split what you can afford regularly amongst them. Sell off electronics you have that you can afford to spare to reapte some part

Thanks