Oyerinde16:


My brother I don't know soko from anywhere, but I'm pretty sure if they take up the case they will win, I see a case of bullying here...


You cannot collect my loan, refuse to pay, and still slam me fine because I'm using every means available to recover my money... Typical case of Nigerians.... They will cry crocodile tears accepting any terms even using Ogun to swear, once they collect the money and squander it, that's all, they lock up.... If you try to recover your money, they slam you fine, beat you up and even use connections to lock you up... We will never grow with this mentality...


I'm very surprised people can come to the defence of a defaulter...

Oyerinde16:


Even if it's 100% interest in 2 days, as much as them no force you and you read the terms and agreed to it... My brother they helped your life at your time of need... So do well to honor what you agreed, don't agree, collect the money, spend it and come back with they contacted my contacts...

authority2006:


If there is a law guiding your business, you can't use every means available to recover your loan. This is not Banana Republic.

Oyerinde16:
Anytime you receive such a message, just know someone with your contact unilaterally gave it out without your consent, you should be weary of such people.

xpool:


Not really.
We have a problem of understanding CONSTITUTIONALITY.
Irrespective of the your argument that such illegality is in the terms and conditions, it is totally illegal.
Besides, they embarrass not only the customers that took the loan, but also threatening their Innocent contacts, telling them that their names were used as sureties- which is deception.

They dont even tell your contacts that you borrowed money, they tell them that you are a fugitive who stole and ran away with company's money.

And they will continue to charge you for overdue and interest plus the gross violation of your cyber privacy.
Sometimes you repay their loans and they will still go behind withdraw directly from your account without refunding you.
9CREDIT IS NOTORIOUS FOR THIS ILLEGALITY.
9CREDIT STEALS PEOPLE'S MONEY.
9CREDIT INVADES PEOPLE'S PRIVACY
9CREDIT SHOULD BE BANNED.

Beancounter94:


I am not running down anyone.

I am.just stating hard facts.

If you cannot afford a loan don't take it.

If you don't like the companies don't patronize them

It is that simple.

If you need a loan your friends and the religious organisations are there for you

Beancounter94:


Yes i know. And yes I was in that situation ( I had to quickly borrow money to pay off branch once).

And yes there are also Nigerians who have no intention of paying loans back

Plus if you are not a regular salary earner one should not take the loans.

Let's be honest. Most of the people defaulting are not in changed circumstances. Let's not excuse the bad eggs. If these companies go out of business because people are not paying back on time we won't have any means of taking short term loans.

Oyerinde16:


The more reason you should honor your agreement and don't default, once you default you are no longer at vantage point to say what they should do or not do. You can't have my money and still call the shots... What most Nigerians have turned to, they owe you and still shout at you if you call to remind them, soko will remind you, warn you, then boom message your contacts...

authority2006:


If there is a law guiding your business, you can't use every means available to recover your loan. This is not Banana Republic.

Joysticks:
I think before one access their loan he/she might have seen their terms and conditions which is defamation,but the oni gbese will ignore to read it because he/she is desperate to access the loan.

xpool:


You talked this way because all your life you have been deprived of a real country with sanity and rules.

Joysticks:
I think before one access their loan he/she might have seen their terms and conditions which is defamation,but the oni gbese will ignore to read it because he/she is desperate to access the loan.

true2god:
I can’t be wary of them but of your crime syndicates you call a loan company. You guys sent SMS to over 50 people concerning one of your customers, who happened to be my colleague’s brother, and this is how it reads:

AAA BBB CCC (his name in mask) 080******* IS A DEFIANT DEBTOR WHO HAS FLEE WITH A LOAN AND NOT REQUITE. NOTIFY HIM NOW TO AVOID PUBLIC EMBARRASSMENT.

Why send this kind of SMS to a person who is not in the know of your business transaction? You guys are lucky to operate in a lawless society.

Oyerinde16:


Stop digressing, do everything within your power not to default, if it becomes inevitable, call ahead to restructure, this will be done and it shows u are responsible, stop defending defaulters who receive notifications and warning ahead of time, they feel you can do your worst until a blast message goes out, then they get into their shell and say u embarrass them because of 2k... That's my point.

dudusky007:
Na so them send message give me say make I stay away from 1 mr john..... say na thief,him run with dia money and a criminal. I laf because I no say na dia way.. and to all those giving all this loan app ur bank personal details..your details is no longer personal. that's the reason you can receive unknown debit from unknown location

Beancounter94:


Would they have defamed him if he had take the simple precaution of making sure he had the means to pay back the loan as at when due when he was taking the loan in the first place?

Would you allow me if I took a loan of one million naira from you and refused to pay back on the due date?

Would you?

jackslow:
a loan company should be registered and law abiding, the government has set up procedures for loan recovery, the company should follow it, I think last year or 2 that National assembly passed a bill concerning loan recovery, the laon companies can use BVN of their defaulting customers to get their money from his bank accounts across the country, but not to just take laws in to your hands and do anything within your means.

tamdun:
my wife's phone was stolen and all her money withdrawn, now one migo is calling my sister that one Mrs(my wife) borrowed money from them, those mofo even use one of her contacts as guarantor,the fraudsters just picked one num from her contact list...

thatsleepboy1:
This is very wrong from the agency. I don't and won't support evil.



They should be fined ₦10b for the damages they've done to people.

Oyerinde16:


Did your friends younger brother tell you before hand he was implicating you in a transaction, No I guess, yet he used your contact details without your consent, he still had the nerves to default knowing fully well you might be contacted, he called soko bluffs right, you can't help him to pay as well, and you will not be weary of him (nice) but if a call came from the police station asking if you know AAA, you will be more than glad to go bail him, or a call came from the hospital will you ask them if you were there when he had the accident. Stop being sentimental, you want to chose scenarios... If soko called you AAA has #10m you will not ask if why he put your number....

Beancounter94:


They do.

Paylater, Branch and Palmcriedit as well as quickcheck all warn you that if you do not pay back your loan on time they will call your contacts on your phone after a certain time.

The fact that the app asks you to have access to your contacts before you can install the thing (and if you say no that is the end of the installation) should clue you that something is up.

That's why it is good to read t and c sometimes. I do. It is available on their site or on the app faq

Oyerinde16:


Account that is hungry, is it that acc u want to collect from...

Oyerinde16:


Did your friends younger brother tell you before hand he was implicating you in a transaction, No I guess, yet he used your contact details without your consent, he still had the nerves to default knowing fully well you might be contacted, he called soko bluffs right, you can't help him to pay as well, and you will not be weary of him (nice) but if a call came from the police station asking if you know AAA, you will be more than glad to go bail him, or a call came from the hospital will you ask them if you were there when he had the accident. Stop being sentimental, you want to chose scenarios... If soko called you AAA has #10m you will not ask if why he put your number....

tamdun:
my wife's phone was stolen and all her money withdrawn, now one migo is calling my sister that one Mrs(my wife) borrowed money from them, those mofo even use one of her contacts as guarantor,the fraudsters just picked one num from her contact list...

Abfinest007:
lies .how did they get her atm card to link it up

dgagar:
Stupid People. Collect #5000 and repay #8000 in 7days.
Oleeeeeeee

Oyerinde16:


Stop digressing, do everything within your power not to default, if it becomes inevitable, call ahead to restructure, this will be done and it shows u are responsible, stop defending defaulters who receive notifications and warning ahead of time, they feel you can do your worst until a blast message goes out, then they get into their shell and say u embarrass them because of 2k... That's my point.