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My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) - Jobs/Vacancies - Nairaland

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My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by simplejayy(m): 11:50am On Jul 13
I am not satisfied with the way this company operate.

Who has experience such?

I took a loan of 11,000 to repay in a week time with interest on 21/06/2021 as due date. I tried repaying on the app even before the due date but it wasn't successful. The app is stagnant and give pending note. All efforts to reach their customer care was abortive. Still yet default charges keep increasing.

After few days a collection officer of the company with this number (+234 701 743 3849) started sending me threat messages to pay up. I explained to him what I have been experiencing. I paid the loan amount and initial interest rate by bank transfer. I sent him proof of payment and was cleared not default charges remained.

He said I still have to pay for default. I said I can not pay for default because the fault is not mine as their app was not accepting payment. That they should fix their app. The following day I paid using fist monie pos and sent him proof of payment. He said it will be cleared. Up till now it has not been cleared. Default charges keep accumulating after 2 weeks of payment.

Only to remind him to clear the default payment this morning and he blocked me on whatsApp. I called him on regular call and he said the company is not his father's company and that do I want him to block me again on call.

This is not fair at all. I feel cheated.

122 Likes 8 Shares

Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by Jashub: 11:58am On Jul 13
These loan companies have no conscience whatsoever and our government keeps turning a blind eye to the way they treat customers. But no be their fault. Had it been say we get people wey dey function for government, all these nonsense of borrowing no go dey and even if e dey, humane conditions go follow am

170 Likes 5 Shares

Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by Millimann: 12:01pm On Jul 13
That's really unfair. You are not supposed to pay for their inefficiency in spite of their high interest rates.

This kind of post should be on front page.

116 Likes 2 Shares

Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by slaypapa: 10:34pm On Jul 13
Forget their threats and face ur life they can't do nothing..

294 Likes 15 Shares

Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by BuyAndSellStuff: 12:51am On Jul 14
Lol
I don't know why these sokoloan kind of threads always make me laugh

46 Likes 4 Shares

Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by ruggedtimi(m): 6:13am On Jul 14
You sure say u never pay money to scammers

18 Likes 1 Share

Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by ekene101: 6:30am On Jul 14
I really dealt with them


Modified: After disgracing me to my contacts after payment,I went on a borrowing spree on all loan apps and refused to pay. Now my number has been blacklisted from borrowing from any app. Each time they call me I refer them to the contacts they messaged for payment, sometimes I purposely pick and put the phone under tv when I know it's sokoloan agent,9jcash,lcredit,lotus credit etc I dealt with all of them.

66 Likes 2 Shares

Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by Nukilia: 7:18am On Jul 14
We need a thread on all these rubbish criminal gang loan apps! grin cheesy grin

104 Likes 4 Shares

Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by heykims(m): 7:26am On Jul 14
U too close ur account on the app na

17 Likes 4 Shares

Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by illicit(m): 7:27am On Jul 14
Nothing will happen bro

12 Likes 2 Shares

Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by EricSmallz(m): 7:31am On Jul 14
Palm Credit did exactly same thing to me 3 years ago. I told them pointblank that I will never pay for the default, not in this life, not in the next. Idiots

162 Likes 7 Shares

Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by phemmyfour: 8:10am On Jul 14
simplejayy:
I am not satisfied with the way this company operate.

Who has experience such?

I took a loan of 11,000 to repay in a week time with interest on 21/06/2021 as due date. I tried repaying on the app even before the due date but it wasn't successful. The app is stagnant and give pending note. All efforts to reach their customer care was abortive. Still yet default charges keep increasing.

After few days a collection officer of the company with this number (+234 701 743 3849) started sending me threat messages to pay up. I explained to him what I have been experiencing. I paid the loan amount and initial interest rate by bank transfer. I sent him proof of payment and was cleared not default charges remained.

He said I still have to pay for default. I said I can not pay for default because the fault is not mine as their app was not accepting payment. That they should fix their app. The following day I paid using fist monie pos and sent him proof of payment. He said it will be cleared. Up till now it has not been cleared. Default charges keep accumulating after 2 weeks of payment.

Only to remind him to clear the default payment this morning and he blocked me on whatsApp. I called him on regular call and he said the company is not his father's company and that do I want him to block me again on call.

This is not fair at all. Moderators please help me push this. I feel cheated.

You can't do it manually? Visit their office? You have no excuse

11 Likes 2 Shares

Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by Renforce: 8:13am On Jul 14
Those loan apps are thieves. The other day one messaged about a guy on my contact. She was so rude and I thought her a thing or two

81 Likes 4 Shares

Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by Inspiration007: 8:29am On Jul 14
Go to you bank and make complaints, change your atm pin or change the entire card.

They may deduct money from your account if you decide not to pay the default charges after a long period of time.

101 Likes 4 Shares

Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by Inspiration007: 8:29am On Jul 14
phemmyfour:
You can't do it manually? Visit their office? You have no excuse

Read the post again. with a clear mind this time.

134 Likes 3 Shares

Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by phemmyfour: 8:30am On Jul 14
Inspiration007:


Read the post again. with a clear mind this time.
I ve spoken once

1 Like 2 Shares

Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by Inspiration007: 8:41am On Jul 14
phemmyfour:
I ve spoken once


your questions were answered. as to visit their office for repayment, that's not part of the agreement.

36 Likes 2 Shares

Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by chiemmanuel(m): 8:51am On Jul 14
If you can, avoid those loan sharks, they are not well regulated and operate like fascists,if you like your sanity, avoid them

106 Likes 5 Shares

Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by FaAbokiWithSuit(m): 9:07am On Jul 14
First they take your money, take the interest, take your ego and steal your private information on your phone

53 Likes 7 Shares

Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by Danzakidakura(m): 9:31am On Jul 14
ekene101:
I really dealt with them
how ?
Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by ElPayaso(m): 9:33am On Jul 14
phemmyfour:
You can't do it manually? Visit their office? You have no excuse

Sorry to say but you are dumb. What if the OP is staying far from the location of their office?? Will they refund him?? I'm sure you are their agent, tell them to work on their app and stop the foolish act

213 Likes 7 Shares

Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by GreaterFuture(m): 9:35am On Jul 14
EricSmallz:
Palm Credit did exactly same thing to me 3 years ago. I told them pointblank that I will never pay for the default, not in this life, not in the next. Idiots
How was it later resolved?

11 Likes 1 Share

Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by TUANKU(m): 10:06am On Jul 14
Most of these apps are just branded scammers with CAC registration. They employ ANY means to rip you off. Looking at some of those apps with their wacky interface i won't be surprised if they have backdoors in there. Any loan app not from a bank or big finance house is a no.
Loan sharks thrive on people defaulting on their loans.

40 Likes 2 Shares

Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by AKWATGOLD1: 11:41am On Jul 14
This is what is called [b][/b]SHARK LOAN.

Moreso, this is warning to all people that patronize all this mushroom finance companies that entice Nigerians will low interest rate for patronage should be very very careful with all these app loan companies. The last straw that will break the camel back is by blacklist your name to all your phone contacts including your helpers.

22 Likes 3 Shares

Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by EricSmallz(m): 11:44am On Jul 14
GreaterFuture:

How was it later resolved?
They called and got tired now.
Just make sure you go to your app setting and disable all the permissions you granted the app at the point of registration, they will not have access into your contact list etc.

72 Likes 6 Shares

Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by GreaterFuture(m): 11:51am On Jul 14
EricSmallz:

They called and got tired now.
Just make sure you go to your app setting and disable all the permissions you granted the app at the point of registration, they will not have access into your contact list etc.
I mean, how did they get their balance Money

4 Likes 2 Shares

Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by Okomioloworimi: 12:03pm On Jul 14
Hope you have not paid into a wrong account, the issue is that easybuy, newcredit and palmcredit is owned by one organisation is being having issues of repayment through their app. If you paid into the right account it will be cleared.

6 Likes

Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by Okomioloworimi: 12:09pm On Jul 14
How do one do that pls
Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by thatsleepboy1: 1:14pm On Jul 14
Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by Nobody: 1:15pm On Jul 14
just viewing comments

3 Likes 1 Share

Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by IgweOfNnewi: 1:16pm On Jul 14
That is how all these microfinance and money sharks normally play their dirty games for high interest rate, I remember I needed #50k urgently and I went to Ren-Money for the loan and I told the person in charge that I will pay it back four days later that day was Friday and the end of the month but I know for a surety, my salary that was delayed will be paid on Monday, that person told me that the payment will be extended to six months and I going to pay #49k interest on #50k and that #50k wouldn't be complete, they will remove some charges on it, I was so disturbed at the exorbitant interest rate, I just left the place without saying a word.

23 Likes 4 Shares

Re: My Bad Experience With Palm Credit (Transsnet Financial Nigeria Limited) by easzypeaszy(m): 1:16pm On Jul 14
I hav posted somtin abt dem b4 on nairaland but they felt I was advertising for Carbon(pay later)
Palmcredit
Okash
Dis 2guys are worst dan devil

38 Likes 3 Shares

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