1) DON’T LEND PEOPLE WHAT YOU CAN’T AFFORD TO LOSE. This defeats the concept of a loan because I didn’t lend you the money so I can lose it, the onus is on you to repay your debt. But then, it is still very sensible because even banks have obligor limits. It would help cushion your heartbreak.

2) THERE ARE AMOUNTS YOU LEND TO PEOPLE THAT QUESTIONS YOUR SENSIBILITY.

If you are not sensible in your lending, it is only normal that a fool and his money are parted. A guy once asked me for loan to pay his mother’s hospital bills. He asked for N30,000, someone that earns 25k. What if the mother dies? I would have been very silly to believe he would pay me N15k each month and survive on 10k for 30days. The CHARACTER (willingness to pay) might be there, but the CAPACITY isn’t. I simply DASHED him the money. I have seen people lend someone on a 20k salary, 100k to pay rent. Except you intend to take 5k over a 20 months period or a miracle happens, e go choke and default is inevitable.

3) WHAT IS THE BORROWER USING THE MONEY FOR: I am sorry if this sounds insensitive, but I would NEVER give you a loan to do a wedding/burial/child dedication/gamble. These things are very optional and you can do without them. The only exception is if I am not aware. Somehow I still see people lending someone money to do weddings. They will na tell you they will repay from the money they sprayed on them. Okay na!

4) THE SECOND TIME IS THE TRAP.
If I give you once, I would most likely not give a second time. I believe many pay back promptly the first time to win your trust. The second time they default and your hands are tied. If you manage to pay back the first time, I won’t give you a second time.

5) LEND YOUR GENDER.
As a man, stick to lending men. As a woman, stick to lending women too. Yes, defaulters are in every gender, but I noticed women default more in softs loans and men in organized loans. However, when it comes to defaulting on soft loans, you would be more rigid and immune to emotional blackmail if you are dealing with your gender. You people can disgrace yourselves without shame. Lol

6) LEND PEOPLE CLOSE TO YOU.
I don’t know how people lend money to someone that is so far from them. You are in PH and you lend your old secondary schoolmate in Ogbomoso. Makes recovery harder. I lend mostly to my colleagues or trusted friends.

7) HAVE IT IN WRITING AND DON’T BE SCARED TO ASK FOR A COLLATERAL.
Sounds too serious, but if you decide to go legal, a written agreement would help your case. It should clearly state the amount, currency, parties involved and repayment date/schedule.

THE LAST BUT NOT THE LEAST, DON’T LEND!!
It is really simple, na who river see im leg, e go carry. Keep your money and have peace.

Darlingme:
Why is it so difficult for most people to keep to their promises, to remit debts?
You help someone with loan based on aggreement and trust, but when it's time to remit, they come up with excuses, default, making you look like you're too weak, too simple and when you get upset and raise your voice, they tag you as being Money conscious.
On your own part, you don't want to lose relationship/friendship/family with them. you consider their struggles, yet, when they have your money either From their salaries or other means, they wouldn't still pay back.
Have you ever been in this kind of situation?
How were you able to handle this kind of people without becoming enemies?


https://www.youtube.com/watch?v=BmNFHNyHUEU

Kondomatic:
I have never given anyone loan and they paid complete, that's for those that paid at all.

There was a close friend that I explained everything to because I was beginning to think it was a curse.

She felt bad for me but she called me one day that she needed urgent 20k, her reason was genuine and she has a good source of income so I was convinced that paying back won't be a problem but I still reminded her that people don't pay me.

She was like haba, how can you say this, you will get your money on (she gave date). I sent the money.

Four months later, money I no see. I wasn't ready to lose her friendship so I let the money go.


But I learned my lesson. If you need 10k and I have 1k, I go dash you. Go find the rest elsewhere.


To get your money back, you have to be rude and brutal but that's not me so I no give again. I kuku no get again


Unloading a gun is always better than shooting at someone with bullet proof vest.

Obaxxx:

The truth is that some people are very good at Owing debts and the same time showing the i-don't-care attitude . So now tell me,how we go do that kind person without exchanging punches? .

cayorday89:
She might take me as an arch-enemy but I don't care, she is an ex who I lent 30k she said she needed urgently to sort out her school fees, and promised to pay the next week, she never did and gave excuses about her been owed salary, we were still dating or so I thought, lockdown came and whatever excuse she gave was genuine but I hate been fooled, found out through Facebook she was dating someone else, she was tagged and she commented my husband, I was not surprised or shocked such is life, as I already thought of the possibility as things were not the way it used to be, I only messaged her that she could have done better by letting me know as it is not a do or die affair and she should not forget my 30k,but she claimed if I loved her I wasn't suppose to ask for my money, that angered me the more, whereas I sent her money twice during the lockdown despite my doubt about her genuineness, she later said she was going to pay that I should give her time as she was waiting for her consignment and needed money to clear them at the Port, I knew this was a lie, I left her for two months messaged her again another round of lies and I have been blocked by her on all platforms so I changed my WhatsApp number to get in touch with her, after four months I contacted I fiance, and message them simultaneously but I told him I was a friend and explained myself, he asked me to send my account number but she also requested for it and I told him she has promised to pay, the said day elapsed and she came with another round of lies.
A friend later told me she is having her wedding, two days after the wedding, I messaged her, another round of lies, also insulted me, but I was willing to let her have her way and do whatever pleases her as I have one last card to play, her sim she uses is registered with my details and after one year of giving her enough time to do what is right, I did the necessary by forcefully getting my money with that means, and she still dey owe 3k but I don overlook am....

Darlingme:
Very true. And after the punches, you turned enemies.
Very sad

Zico777:

Baba, but she give u soup lick na!

cayorday89:

Quite funning, soup is a mutual thing but I never had sex with her, cos I don't just do down like that, wanted to know what I am involved in and she failed woefully... She took my gentility for a fool I guessed. You can go through my comments to see how I also shocked my boss, I no dey play with money oo, especially if you think say I be fool...

SeaTrade:
Well,I have just one debt that is trying to look like a bad one at this point,
Huge,but it was business we did,something we've been doing for more than 5 years now,since I moved to other things ,the guy is coming up with all sorts of stories and funny thing is we aren't even in the same country.But I know anyday I see it important to collect that debt,I will recover it so I'm not worried.

In my line of work,you can't cope without giving credit, but i give out smart and secure credit by collecting post dated cheques.
When it is due,I just deposit it without consulting you,
If the account isn't funded,your loss cos bank go deduct charges cos of the bounce when e bounce,and I will still deposit again after collecting the cheque almost immediately.
So that when you lose like 15k on return charges that week,no be person go tell you to fund the account.
Real business people don't like losses at all so they'll rather pay you your money than to be losing money on a steady to Bank return charges.

And also note this,avoid giving credit to people who feel too big or care about their appearance and how society perceives their status than running a business/organisation,they will more often than not "chop your money" and most times dem no hold shishi.I've experienced this many times in my line of duty/life and also all the so called contractors(runaway from these ones).

Darlingme:
[b]The worst part is, they keep funding their business[/b]es, appearing flashy on Facebook, but to pay back is always a problem. Anyway. I keep learning.

Klass99:


Lol I enjoyed reading your story.

When I got to the part in bold I was pissed off as well and I wanted to say please collect your money by any means necessary, until I read to the end.

Her audacity in saying if you love me blah blah blah....is so annoying. Why didn't you collect the full amount sef? What caused the 3k deficit again?

Klass99:


Lol I enjoyed reading your story.

When I got to the part in bold I was pissed off as well and I wanted to say please collect your money by any means necessary, until I read to the end.

Her audacity in saying if you love me blah blah blah....is so annoying. Why didn't you collect the full amount sef? What caused the 3k deficit again?

Darlingme:
People like that always pay back installmentally.
A very terrible way of paying back.

Klass99:


Lol. This story just gets more hilarious and interesting.

She was only using the guy and will later come back to you, off me completely

How exactly did you recover the 27k nah? That part of your story is still unclear.

Did you use the sim to buy 27k airtime from her bank account via USSD code?

Klass99:


Nice one ,
I'm sure she curse you die, for her mind that day.
I just saw the chats exchanged, please how old is this girl? I want to check something.