Adam09:
Oga, you have integrity issue. It is better to borrow from someone you know than these loan sharks.
But you can also make money from them if you sue them for privacy violation.

ezegold4we:
They will not arrest u, all they will do is to put your account details And bvn number under automatic credit to Their account,

The only thing that will stop u From paying them is two things,one is if you are no Longer existing on Earth and The second one is if you stop Making use of all ur bank accounts becos that bvn number u gave to Them is linked to all ur account's,

Finally try and pay becos Right now, Ur Bill is increasing on a daily basis due to extra interest being accmulated

Kingcalls:
They can't arrest u... its even illegal to arrest anyone that has a bad loan... thats y these companies should put documents in place like getting a collateral....they can only use corrupt police to intimidate u... as long as u dint drop a post dated cheque , no one can charge u to court for failing to pay a loan... unless if its stated in the contract and u accept it but they don't put such in contracts cos its illegal... no one can go to jail for failing to pay a loan, unless they can prove beyond reasonable doubt that u diverted the funds for some other personal use ..then they can turn it to a fraud case

smasher1:


These person has no reputation to protect. He's trying to see the worst thing the company would do. Not knowing that whenever you default, your bad credit file is hosted and and financial institution in Nigeria would see it especially, when you need another loan in future.

Ofadaman:


His other banks will be debited if he has money in it, that's how it works now. Its a current CBN mandate to most banks, if you are a chronic debtor, they can flag your bvn and send to the CBN, NIBSS will force debit all accounts linked to your bvn to repay the loan amount.

Ofadaman:



Joker!.

They were never fined, since you people agree that they are not regulated by CBN, this makes them very dangerous because they are like money lenders and can go to any length to recover their money, including tracking you down or your loved ones or involving police or vigilante around.

But if they are regulated, they'd simply send your details to credit reporting agencies, and CBN,so you can't access any more loans from other institution and they can also publish your name on newspaper.

And for your notice, Banks publishes the names of defaulters on newspaper monthly.

At this point, you will wish that these people are regulated because if they aren't regulated you'd be in more trouble ,so chose wiselt

Anuoluwagbemiga:
Hello nairalanders,I borrowed 15000 from a app loan and I failed to return the money on the date I suppose to .Now they keep sending messages to some people on my WhatsApp contact that I'm dubious bla bla bla and im planning to pay it back but they are not ready to listen and they even said they will publish my name may be on news papers.please what else can they do to me.pleaee don't mind my typo error

Good day, please be informed that **** ****
is indebted to a loan company and has refused to pay, is acting dubious kindly notify he to avoid being publish as a criminal.to pay today to avoid embarrassment.[/img]Hello nairalanders,I borrowed 15000 from a app loan and I failed to return the money on the date I suppose to .Now they keep sending messages to some people on my WhatsApp contact that I'm dubious bla bla bla and im planning to pay it back but they are not ready to listen and they even said they will publish my name may be on news papers.please what else can they do to me.pleaee don't mind my typo error

Good day, please be informed that (my name)
is indebted to a loan company and has refused to pay, is acting dubious kindly notify he to avoid being publish as a criminal.to pay today to avoid embarrassment.

einsteine:


This is not true. These are not banks and do not have any CBN license to do this.

RapistOnBail:

You see one of the many reasons not to trust Nigerians with your money?

They come begging and dying for loans. Give them and see if you’ll get it back in due time.

Op,

You and other Nigerians who are loan defaulters are MAD!!!





I once gave a so called fri”ENEMY” of mine money to pay for an apartment cos I wasn’t in town and I wanted making payments ASAP to secure this apartment.

3 days passed and this caretaker kept telling me she hasn’t received any payment from any of my friends she saw when We went for the inspection.

I called the Bandit who refused picking my calls ever since I started pressurizing him to either pay for the house or send me back my funds.

Las las, the idiot sent me back about 30% of the money I gave him.

As a wise business man, I took the 30% and left the rest for him.

Today, the guy is broke and helpless. He has lost the only source of livelihood and can’t call me for any help.

I sit on my throne and watch him suffer. I’m waiting for his eventual death which will mean nothing to me.

Ciao.

I really don't blame them to be honest. I still remember when I borrowed one of my guy around 50k and he promised to pay back next week.

When it reached the week he was supposed to pay, i started hearing stories and it kept on going for over 3 months. I had to involve some guys to collect my money from this dude before he could pay back.

And do you know the most funniest thing? The dude started acting as if I'm wicked and all but he decided to block me and not respond to my messages for almost 2 months?

Initially I didn't support what these apps do nowadays calling your contacts to retrieve their money, but honestly most Nigerians are very wicked when it comes to paying back the money they owe. If you don't involve someone to threaten him to pay back you won't see your money.

Some even brag to themselves how they did not pay up thinking they're wise and they pocketed free money. That nonsense attitude must stop.

If you know you don't have a means of paying up during the agreed time it's best you don't go to them for help.

RapistOnBail:

You see one of the many reasons not to trust Nigerians with your money?

They come begging and dying for loans. Give them and see if you’ll get it back in due time.

Op,

You and other Nigerians who are loan defaulters are MAD!!!





I once gave a so called fri”ENEMY” of mine money to pay for an apartment cos I wasn’t in town and I wanted making payments ASAP to secure this apartment.

3 days passed and this caretaker kept telling me she hasn’t received any payment from any of my friends she saw when We went for the inspection.

I called the Bandit who refused picking my calls ever since I started pressurizing him to either pay for the house or send me back my funds.

Las las, the idiot sent me back about 30% of the money I gave him.

As a wise business man, I took the 30% and left the rest for him.

Today, the guy is broke and helpless. He has lost the only source of livelihood and can’t call me for any help.

I sit on my throne and watch him suffer. I’m waiting for his eventual death which will mean nothing to me.

Ciao.

signature2012:
Even though these loan companies charge very high interest rate.As a borrower,you are never meant to default paying back.

These companies borrow funds to start operation.Of everyone who borrow default,how will they survive.

I don’t think credit system can ever work in Nigeria.In the West,they will just send your details to collection and you might be forever bleeped.

Anuoluwagbemiga:
Hello nairalanders,I borrowed 15000 from a app loan and I failed to return the money on the date I suppose to .Now they keep sending messages to some people on my WhatsApp contact that I'm dubious bla bla bla and im planning to pay it back but they are not ready to listen and they even said they will publish my name may be on news papers.please what else can they do to me.pleaee don't mind my typo error

Just look for a way to pay back to avoid further embarrassment.
Good day, please be informed that **** ****
is indebted to a loan company and has refused to pay, is acting dubious kindly notify he to avoid being publish as a criminal.to pay today to avoid embarrassment.[/img]Hello nairalanders,I borrowed 15000 from a app loan and I failed to return the money on the date I suppose to .Now they keep sending messages to some people on my WhatsApp contact that I'm dubious bla bla bla and im planning to pay it back but they are not ready to listen and they even said they will publish my name may be on news papers.please what else can they do to me.pleaee don't mind my typo error

Good day, please be informed that (my name)
is indebted to a loan company and has refused to pay, is acting dubious kindly notify he to avoid being publish as a criminal.to pay today to avoid embarrassment.

Offpoint1:

You're waiting for someone dead because of money....what makes you different from him now?

Anuoluwagbemiga:
Hello nairalanders,I borrowed 15000 from a app loan and I failed to return the money on the date I suppose to .Now they keep sending messages to some people on my WhatsApp contact that I'm dubious bla bla bla and im planning to pay it back but they are not ready to listen and they even said they will publish my name may be on news papers.please what else can they do to me.pleaee don't mind my typo error


Good day, please be informed that **** ****
is indebted to a loan company and has refused to pay, is acting dubious kindly notify he to avoid being publish as a criminal.to pay today to avoid embarrassment.[/img]Hello nairalanders,I borrowed 15000 from a app loan and I failed to return the money on the date I suppose to .Now they keep sending messages to some people on my WhatsApp contact that I'm dubious bla bla bla and im planning to pay it back but they are not ready to listen and they even said they will publish my name may be on news papers.please what else can they do to me.pleaee don't mind my typo error

Good day, please be informed that (my name)
is indebted to a loan company and has refused to pay, is acting dubious kindly notify he to avoid being publish as a criminal.to pay today to avoid embarrassment.

redcliff:


look at how much you are even basking in the fact that you are a debtor but you blame your politicans for bad governance. you are not even different. I spit om your comment.

Anuoluwagbemiga:
thanks

heykims:

I am a huge disappointment to my family, community, state, nation and even the world.

Mynd44:
What sort of badly behaved people are we in Nigeria?
While the loan company have no right to access your contact list and call you names (that permission agreement you agreed to regardless), you are also a huge part of the problem.

Those of you who default on these loans and act a certain kind of way don't even know the extent your behaviour damages society. People like you are the reason the honest serious ones and small scale businesses can't get loans because the loan providers have either lost confidence in the system or has gone bankrupt.

The casual way you are even going about it says you are more bothered about what they can or cannot do to you than actually doing what you are supposed to do which is pay back your loan

Dodoproperties:
They

Newboss:


People default on loans very often for reasons beyond their control. These guys start sending texts to your contacts the day after the loan is due.

Their victims should never pay a dime back. They have already collected their payments in kind

adetayoonas:


They will get the license if they don't have.
There is a global standing instruction
Pls let us stop encouraging loan defaulters.

U are only wasting your time if u sue them for privacy violation cos it wasn't by force they gave u d loan. U asked for it. So pay ASAP.
Your attitude to default on loan is not good at all. Go and pay your loan.
Haba. Why are we like this in this country?

It is quite sad to see people even encouraging this bad act. Loan is why Europe, America and Canada grows but people in Nigeria are great defaulters even some of our politicians.