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Share Your Experience Collecting Your Money Back From Your Debtors - Business (4) - Nairaland

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Re: Share Your Experience Collecting Your Money Back From Your Debtors by Duplexxx: 7:29am On Apr 11
To borrow money sweet pass even sugar it self
Payback na he dem take pull 4 teeths from my friend mount with heavy pouch like mike Tyson own Since dem he just be like say na me he happened to

I immediately picked up correction not to dey borrow money is better i dash you o

2 Likes

Re: Share Your Experience Collecting Your Money Back From Your Debtors by pocohantas(f): 7:31am On Apr 11
There are amounts you lend to people that are plain ridiculous and questions the sensibility of you, the lender. If you don’t have sense, then it is quite normal that a fool and his money are parted.

I will give you an example;

A guy I knew who works in a hotel as a porter once came to me for a loan. He said his mum was sick and he showed evidence. How much did he ask for? N30,000. This was a guy earning 25k. He said he would pay back in two installments.

I would have been very stupid to believe a guy who earns 25k would pay me 15k each month and survive on 10k. He might have the CHARACTER (willingness to pay), but the CAPACITY is lacking. I simply gave him the money to go pay her hospital bills. If I went on to lend him that money, na me be mumu.

I have no recovery stories. Currently, I only lend to colleagues, we fix ourselves internally. Also if I have given you once and you paid back on time, don’t bother coming a second time, I won’t give. The second time is the trap.

49 Likes 2 Shares

Re: Share Your Experience Collecting Your Money Back From Your Debtors by tayo60(f): 7:32am On Apr 11
Mine are my customers that buy things from me and refuse to pay. When I now ask them to pay, they start misbehaving, making me look bad for asking them my money. Some people are so bad, they don't have human feeling. At times they make me regret selling things for them.

4 Likes

Re: Share Your Experience Collecting Your Money Back From Your Debtors by aminusodiq(m): 7:32am On Apr 11
One still dey owe me like dis... About 30k and he ddnt say anything about it... Lend another some money. He has been telling me stories upon stories since

1 Like

Re: Share Your Experience Collecting Your Money Back From Your Debtors by ArticleBeast: 7:33am On Apr 11
Akasammyoka:
Bros you wicked, which debt recover strategy is that nah. hahahahaha
I gats take the approach when the guy tell me say even Nigeria dey owe make I allow am rest

5 Likes

Re: Share Your Experience Collecting Your Money Back From Your Debtors by gbemishile: 7:33am On Apr 11
one of my very awful flaws.
I borrow people money and feel too ashamed to request for the money back.thats y some times I usually borrow people the money I can afford to give away.i don't like confrontations,making that person feel ashamed for requesting money from me.
another worse flaw I have is If someone is lying to me,I usually act like I accept the lies Hook line and sinker and would desperately want the person to believe I don't know he is lying cus I don't want the person to feel ashamed when he realises that I know he is lying.

7 Likes

Re: Share Your Experience Collecting Your Money Back From Your Debtors by 5Gbabe: 7:34am On Apr 11
Lovethaa:
Lol...

Okay so this guy called me up begging me to pls lend him money , he was a close friend so I decided to help him out , I gave him the 50k he requested and he promised to pay back month end..

Normally I would have dashed him the whole money but at the time I borrowed him I was broke and I borrowed to save him and also as a way to keep me from spending the money because that was like my last card ..


Month end reach and this guy did not call or text , after a week I called him and he told me to forget the money now , " u be big boy now "... I told him I'm broke and the money is my last hope , next tin I know this guy hangs up on me..

I was mad ehn.. I called him again and he didn't pick , he later blocked my line on phone and WhatsApp ... I was pissed but I remain calm , he taught me a bitter lesson.... But God will have it ,after about 3 months he did a business deal with a friend of mine ,..


The guy then gave me his own share cos his number was not going through at that time , so the guy gave me the cash to pass it to him , the cash was 120k.
.
since he had block me I couldn't call him , by the time he got to know that his money was with me he almost ran mad.. he couldn't drag it.. he begged and begged and begged and ask people to beg me .. I accepted his plea but that was after I removed 70k.....
oil dey ur head too

1 Like

Re: Share Your Experience Collecting Your Money Back From Your Debtors by webshopNG: 7:34am On Apr 11
People borrow money and just assume you don't need it anymore.

5 Likes 1 Share

Re: Share Your Experience Collecting Your Money Back From Your Debtors by 5Gbabe: 7:36am On Apr 11
ArticleBeast:

I gats take the approach when the guy tell me say even Nigeria dey owe make I allow am rest
if them no day plan to pay back na watin u go hear be that

1 Like

Re: Share Your Experience Collecting Your Money Back From Your Debtors by keypha1: 7:38am On Apr 11
My guy came back from abroad, after he spent his money finish, he came my place and beg me to borrow him 100k, in next 3 days he will give me, I gave him and he travel back to Malaysia without giving me my money, I called and beg him to pay me my money I wan add m pay my house rent, this guy tell me so if I did not pay you back u can't find money and pay for ur house, I was mad, I trust my side village, umueri or aguleri, you can't shop somebody money and go free, I called him that I will sue him in alunsi, and that alunsi no dey Mercy, he kills instantly, he will start killing from your love ones , I went home and they call him that they give him 4 market days, on the last 4 days they will shoot gun for him in the air, am surprised within 2 days he called me to send my account number, few minit I received alert of 100k gbagam, I was so happy and I settled them and go back, I just wan put fear for him and he pay me my money, sometimes people will take addvantage that you don't want problem, they will take u as fool when you borrow them money.

17 Likes 1 Share

Re: Share Your Experience Collecting Your Money Back From Your Debtors by 5Gbabe: 7:39am On Apr 11
tayo60:
Mine are my customers that buy things from me and refuse to pay. When I now ask them to pay, they start misbehaving, making me look bad for asking them my money. Some people are so bad, they don't have human feeling. At times they make me regret selling things for them.
na for nnwi na u go see those kind of customers if u ask them for ur money them go change am for u
Re: Share Your Experience Collecting Your Money Back From Your Debtors by crafteck(m): 7:39am On Apr 11
Dont lend anyone money, you will regret it

4 Likes

Re: Share Your Experience Collecting Your Money Back From Your Debtors by peacettw: 7:43am On Apr 11
gbemishile:
one of my very awful flaws.
I borrow people money and feel too ashamed to request for the money back.thats y some times I usually borrow people the money I can afford to give away.i don't like confrontations,making that person feel ashamed for requesting money from me.
another worse flaw I have is If someone is lying to me,I usually act like I accept the lies Hook line and sinker and would desperately want the person to believe I don't know he is lying cus I don't want the person to feel ashamed when he realises that I know he is lying.

Wow. Quick tip. If you arent married yet, seek for a gal that is the complete opposite of you. Otherwise, I fear for your future

8 Likes

Re: Share Your Experience Collecting Your Money Back From Your Debtors by lasheez(m): 7:44am On Apr 11
To lend money out to some people is a sin. They will make you turn into a beast just to get back your money. For 6years and counting I initially lend money out to my old Secondary school class mate the sum of 500k. Fast foward he initially paid back 50k at the end of 40 days and that's how we dragged on. I initially brought in police after 1 and a half years b4 he paid 200k and pleaded he will pay the balance of 250k that year. Nothing happened for 6 months and then he now refused to pick my calls. I took him to court and that was how I was now spending extra money just to win the case. Finally, the case was in my favour and was agreed that he will pay instalments of 50k for 5 months.
He paid the first one.....and that was all. I currently leave in Abuja while he leaves in Jos where I took him to court.
I noticed I spent more travelling to Jos and pay my lawyer each time I go to court. So I decided I will remain in Abuja . Now he defaulted and the court has given power to sell any of his property to retrieve my money back.
I decided to hold on and thought how bad it will be for him and his family since lockdown started last year. Fast foward to 2021, I decided I will involve his pastor in church and just tell him how his church member was behaving which the pastor intervened and now I am promised to get back my money by the end of April.
*Never burrow huge amount of money to people struggling in life, they will give you high BP
* Never burrow money out of pity, you will regret it
* Never burrow money out for biz purpose, you are not a financial institution. The court will throw out your case
* Make sure there is a written agreement stating you are lending out money to be paid at a particular period.
* Give out money you can afford and forget it.

16 Likes 1 Share

Re: Share Your Experience Collecting Your Money Back From Your Debtors by webshopNG: 7:47am On Apr 11
Focusmind:
I have lost countless times I borrowed people money and they refused paying. Even the ones with capacity to pay will still be dragging it, saying bros you are ok naa, make you chill for this small money. If you tell family members that you won't give because you have some projects going on, that even make it worse.

For their mind, your project is more important thanlending a helping hand. That you are doing projects even shows that money is coming in. So I don't use that strategy again. The current pandemic is what is helping me ward them off. Tell them that you have been at home since last year and doing nothing. That has been my strategy and truly, I have been at home working. It is good when people don't know the type of job you do. Let them be guessing.

Debt destroys families and relationship. I now avoid them.
Re: Share Your Experience Collecting Your Money Back From Your Debtors by NiceMen: 7:47am On Apr 11
alllivesmatter:



Whatever legal/necessary means you do to get back your money. Please do so. In the end, do not physically hurt anyone abeggg.
no problem bro but I must teach him a lesson not to take peoples gentility for granted. I don't mind spending any amount to get that money from him.
Re: Share Your Experience Collecting Your Money Back From Your Debtors by DJperdurabo: 7:52am On Apr 11
Experience would fill an encyclopaedia.

Let's leave it at that.

Sigh...

2 Likes

Re: Share Your Experience Collecting Your Money Back From Your Debtors by andre45: 7:52am On Apr 11
mine happened when I was still a fresher in university. I have a family friend who do take money from LAPO. so he told me he needs money to pay up his LAPO loan so that he can collect another one. that he needs 50k to balance up the payment. that imediately he collect the loan he will give me back my 50k. that was way back in 2006. I was just too naive and gave him my school fees. this guy refuse to pay me my money after collecting the loan for over two months and exam was already approaching. I told a friend of mine who was a cultist. they picked him up and he paid times two. so since then If you like be dying, I won't lend you money. I can only dash you o... if I have at that moment

10 Likes

Re: Share Your Experience Collecting Your Money Back From Your Debtors by Someone7(m): 7:53am On Apr 11
I never succeeded.

Bottomline: I don't lend money again. If have, I give. If I don't have na "sorry o"
Re: Share Your Experience Collecting Your Money Back From Your Debtors by Didi2d(m): 7:55am On Apr 11
The man (debtor) still dey assure me say him go pay me back. Well, make we dey see
Re: Share Your Experience Collecting Your Money Back From Your Debtors by Alzawahiri: 7:59am On Apr 11
inoki247:
I had to tell him I'm going to his inlaws house since I know there house...

260k wey don dey him hand for over 4 month wey he no gri return he no take 20min na so I see alert....


Nobody want family disgrace...
. I stop to borrow money to anyone, since I realized that each of my friends i ever borrow money.i often end up loosing my money and their friendship back.
Re: Share Your Experience Collecting Your Money Back From Your Debtors by 15ssDRIVE: 7:59am On Apr 11
There are many sets of borrowers

The one that will never get,since he don’t want to pay.

The one that will get and say, Walahi I never get.


And one that will say, if anything happen he happen.

The one that is also praying say,make him papa die so the money goes.


I gave Jamiu 7K$ yo add to his cash and buy a new brand Car.

He paid 960$

Jamiu The day we meet for lasgidi........ you go pay oh !!!!!!


Na Jamiu don make self ....... to give people wey dey even go school for him town money,no possible again.

Once you start, begging process or borrow process and say you are from ..... IL****

I go just remember the ingrate and close that door......
Re: Share Your Experience Collecting Your Money Back From Your Debtors by Exodora: 8:00am On Apr 11
Samsimple:
Lending money to family and friends is not something I would advice anyone to do.. only borrow what you can dash. Read again

never lend a average Nigerian girl money, they will never pay back
Why do you hate women so much?
Men too borrow without paying back !
Re: Share Your Experience Collecting Your Money Back From Your Debtors by chatinent(m): 8:02am On Apr 11
I'll rather dash when I have than lend.

They come with sweet mouth only to see you as a fool later.
Re: Share Your Experience Collecting Your Money Back From Your Debtors by alezzy13: 8:02am On Apr 11
The simple fact is once you lend to someone far lower than you socioeconomically, you are unlikely to get the money back, even if they promised heaven and all they will pay. ..

In fact some will see it as wickedness when you start requesting for it: "you wet get all plenty money just dey disturb. . .na becos I ask you sef" shocked

Bottom line, just give what you can, and forget.

9 Likes 1 Share

Re: Share Your Experience Collecting Your Money Back From Your Debtors by CheedyJ(m): 8:03am On Apr 11
ArticleBeast:
Borrowed one guy money to pay back problem. I just looked for old plastic dolls, palm wine small calabash, native chalks, some leaves, red pieces, mirror, and my neice red water color... I took them to a stream behind my house, i printed his pictures and family pic from fb... Put them there, started doing yeye incantation and some strong benin words. I sent him the video... It didn't take him 10 minutes to send me my money after seriously begging me to even collect it. The mother that was always covering for him was the first to call to beg
This is creative but risky ooo, just imagine something bad happened to him by a way of coincidence after your fake incantations, na prison straight ooo

3 Likes

Re: Share Your Experience Collecting Your Money Back From Your Debtors by chatinent(m): 8:04am On Apr 11
Exodora:
Why do you hate women so much? Men too borrow without paying back !

But there are elements of truth; most ladies will never think of paying back.
Re: Share Your Experience Collecting Your Money Back From Your Debtors by Athemisia: 8:06am On Apr 11
heartleboy:
So I borrowed this girl 10k since January, she never pay me back and she dey para for me on top my money... the only mistake I made was that I didn’t asked for when she will be returning it, she just said I will return it soon.... her soon never reach ooo sad sad sad

And she was in need of the money then
But now I learnt my lesson,,, if you wanna have enemy borrow a Nigerian money cry cry cry cry cry
worse of all a family member. They will never pay and the other members will tell you to forget...

5 Likes

Re: Share Your Experience Collecting Your Money Back From Your Debtors by EyezofGod120: 8:07am On Apr 11
Lovethaa:
Lol...

Okay so this guy called me up begging me to pls lend him money , he was a close friend so I decided to help him out , I gave him the 50k he requested and he promised to pay back month end..

Normally I would have dashed him the whole money but at the time I borrowed him I was broke and I borrowed to save him and also as a way to keep me from spending the money because that was like my last card ..


Month end reach and this guy did not call or text , after a week I called him and he told me to forget the money now , " u be big boy now "... I told him I'm broke and the money is my last hope , next tin I know this guy hangs up on me..

I was mad ehn.. I called him again and he didn't pick , he later blocked my line on phone and WhatsApp ... I was pissed but I remain calm , he taught me a bitter lesson.... But God will have it ,after about 3 months he did a business deal with a friend of mine ,..


The guy then gave me his own share cos his number was not going through at that time , so the guy gave me the cash to pass it to him , the cash was 120k.
.
since he had block me I couldn't call him , by the time he got to know that his money was with me he almost ran mad.. he couldn't drag it.. he begged and begged and begged and ask people to beg me .. I accepted his plea but that was after I removed 70k.....
. Lols,u serve a living God
Re: Share Your Experience Collecting Your Money Back From Your Debtors by Athemisia: 8:09am On Apr 11
ArticleBeast:
Borrowed one guy money to pay back problem. I just looked for old plastic dolls, palm wine small calabash, native chalks, some leaves, red pieces, mirror, and my neice red water color... I took them to a stream behind my house, i printed his pictures and family pic from fb... Put them there, started doing yeye incantation and some strong benin words. I sent him the video... It didn't take him 10 minutes to send me my money after seriously begging me to even collect it. The mother that was always covering for him was the first to call to beg
That's what we need for even our politicians to do the right thing....

Re: Share Your Experience Collecting Your Money Back From Your Debtors by MrCuteking(m): 8:10am On Apr 11
My case is similar. I loaned my best friend #250k. As in childhood friend from the same secondary school. He works as a fullstack senior web developer.

Stays on his own. He said he needed to change his apartment to a better place that he would pay by month end once salary enters.

Out of pity, I sent him the money, since February till date oga told me that his work is presently unstable that he is combing for other jobs.

He's not called for a month now. I know it's his girlfriend that is making him act stupid but I know what to do.

3 Likes

Re: Share Your Experience Collecting Your Money Back From Your Debtors by Athemisia: 8:11am On Apr 11
Pavore9:
Some come pleading for the money but expects you to threaten to recover it
They'll always come with a cat's face to ask but a tiger's when you want it back.

2 Likes

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