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How Does Someone Remove His/her Data From An Online Loan Platform? - Business - Nairaland

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How Does Someone Remove His/her Data From An Online Loan Platform? by winningwinner(m): 2:21pm On Jul 09, 2021
Dear Nairalanders,
I was once pressed financially and could not see who to help me out. I approached an online loan scheme through their App and was given N5000 for 7days and a pseudo organ that landed me into this App debited my account for N4500. I notified my bank about this and they bluntly told me that I authorized the withdrawal.
I parted with N4500 and was lent N5000 for 7days with N2800 interest. Because I was in need and has lost my money, I went ahead to borrow the money at least to cover what I have just lost.
Two days on, I started receiving calls urging me to pay and get a higher loan and limit extension. I paid the loan of 7days in two days. When I logged in through the App, I discovered that nothing changed from the initial N5000. I tried to call them to no avail. I angrily took the loan as presented. In two days as usual, calls started coming. I picked and a lady introduced herself urging me to pay early for a better offer from them, but I refused.
I purposely allowed the loan to exceed the 7days limit and I started seeing addition on N1000 daily as surcharge with threats of calling all my contacts to disgrace me and report me to the Credit Bureau, I dared them. They only called one of my referees. I ended up paying a loan of N5000 with an interest of N10,000.
I have issues here. Does it mean that borrowers do not have right? If they do, in the face of such extortion, what will they do? If CBN is the one that registered and approved these people, whose interest is CBN representing if they can allow such dubious activities going on without taking action? Again, does the law punish someone termed "an offender" without hearing from him/her? Why should Credit Bureau listen to these people without first hearing from the borrowers before blacklisting them?
Again, when I felt deceived and used, I wrote them a mail requesting that my account be deleted from their platform, but they ignored me. Three months on, I decided to check my details and discovered that they did not remove my account as I instructed. I am not happy about this... So, how then do I remove my account from such a platform?
Re: How Does Someone Remove His/her Data From An Online Loan Platform? by winningwinner(m): 4:40pm On Jul 09, 2021
winningwinner:
Dear Nairalanders,
I was once pressed financially and could not see who to help me out. I approached an online loan scheme through their App and was given N5000 for 7days and a pseudo organ that landed me into this App debited my account for N4500. I notified my bank about this and they bluntly told me that I authorized the withdrawal.
I parted with N4500 and was lent N5000 for 7days with N2800 interest. Because I was in need and has lost my money, I went ahead to borrow the money at least to cover what I have just lost.
Two days on, I started receiving calls urging me to pay and get a higher loan and limit extension. I paid the loan of 7days in two days. When I logged in through the App, I discovered that nothing changed from the initial N5000. I tried to call them to no avail. I angrily took the loan as presented. In two days as usual, calls started coming. I picked and a lady introduced herself urging me to pay early for a better offer from them, but I refused.
I purposely allowed the loan to exceed the 7days limit and I started seeing addition on N1000 daily as surcharge with threats of calling all my contacts to disgrace me and report me to the Credit Bureau, I dared them. They only called one of my referees. I ended up paying a loan of N5000 with an interest of N10,000.
I have issues here. Does it mean that borrowers do not have right? If they do, in the face of such extortion, what will they do? If CBN is the one that registered and approved these people, whose interest is CBN representing if they can allow such dubious activities going on without taking action? Again, does the law punish someone termed "an offender" without hearing from him/her? Why should Credit Bureau listen to these people without first hearing from the borrowers before blacklisting them?
Again, when I felt deceived and used, I wrote them a mail requesting that my account be deleted from their platform, but they ignored me. Three months on, I decided to check my details and discovered that they did not remove my account as I instructed. I am not happy about this... So, how then do I remove my account from such a platform?

Please, I need to hear from people on this. You can be of great help to me. I equally solicit help from the Mods... Thanks so much in anticipation.
Re: How Does Someone Remove His/her Data From An Online Loan Platform? by winningwinner(m): 5:55am On Jul 10, 2021
shocked
Re: How Does Someone Remove His/her Data From An Online Loan Platform? by Stephenmoka4(m): 9:01am On Jul 10, 2021
Which online loan platform is that?

1 Like

Re: How Does Someone Remove His/her Data From An Online Loan Platform? by winningwinner(m): 1:47pm On Jul 12, 2021
Stephenmoka4:
Which online loan platform is that?

Sorry, the name is not necessary here. I only needed some kind of advice from people...
Re: How Does Someone Remove His/her Data From An Online Loan Platform? by Counter24(m): 2:40pm On Jul 12, 2021
winningwinner:


Sorry, the name is not necessary here. I only needed some kind of advice from people...

You definitely need to tell us a name as that would help people with the same situation to rally round you for solutions

4 Likes

Re: How Does Someone Remove His/her Data From An Online Loan Platform? by Justhere: 3:30pm On Jul 12, 2021
winningwinner:


Sorry, the name is not necessary here. I only needed some kind of advice from people...

name of the lender
Re: How Does Someone Remove His/her Data From An Online Loan Platform? by SHOPPERS(m): 4:26pm On Jul 12, 2021
These people are not ethical. Your data has been logged into their systems forever bayen.

I don't think there's any way to remove it.
Re: How Does Someone Remove His/her Data From An Online Loan Platform? by biomyke: 8:03pm On Jul 12, 2021
Go and destroy the ATM card card with which you registered with them and visit your bank for another card

1 Like

Re: How Does Someone Remove His/her Data From An Online Loan Platform? by winningwinner(m): 4:09pm On Jul 17, 2021
biomyke:
Go and destroy the ATM card card with which you registered with them and visit your bank for another card

Nice one, thanks
Re: How Does Someone Remove His/her Data From An Online Loan Platform? by Osawemwenzereal(m): 6:00pm On Jul 17, 2021
Re: How Does Someone Remove His/her Data From An Online Loan Platform? by winningwinner(m): 8:04pm On Jul 18, 2021
SHOPPERS:
These people are not ethical. Your data has been logged into their systems forever bayen.

I don't think there's any way to remove it.

You mean they are not under regulations?;
Re: How Does Someone Remove His/her Data From An Online Loan Platform? by danniyal(m): 9:06pm On Jul 18, 2021
winningwinner:


You mean they are not under regulations?;
They are mostly owned by Chinese and operating illegally without any registration, that is why they can't even report you to credit bureau. They don't have any physical location

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