bigpicture001:
Because everyone here is a thief....

I even just got defrauded this morning of 20k..

SORRY ���

UncleAyo:
Why is Nigeria not using the credit card system? Are Nigerians less human?

There is also mobile checking in other countries where you can use a mobile phone to cash a check by just taking the picture of the check.

To much risk here but some banks will for trustworthy and faithful customers. Most of these social media billionaires owe loans. Mine some stolen while visiting Nigeria once God allowed the circle pay off a lot I don’t even remember racking up. So for me no credit I’d rather save up and get it. Credit card companies aren’t like loansharks that record will be there for life I think we will see credit cards when they can let you pump your own gas trusting that you’ll pay we must do better for Nigerians na how you do there then take judge Nigeria

We are the African Giant but ask yourself can you pay it back if they give you ? Someone told me and I wish I knew this too then that your only supposed to use it then pay it back the next day

Minimum payment is always a setup

Nigeria is ruled by visionless people. They are more interested in cow than any other thing. Don't be surprised to see CBN pumping billions of dollars into ruga business once modalities for land is concluded. Kanu might be right after all ; Nigeria is a zoo.

UncleAyo:
Why is Nigeria not using the credit card system? Are Nigerians less human?

There is also mobile checking in other countries where you can use a mobile phone to cash a check by just taking the picture of the check.

please the debit card/prepaid is good abeg.... You do not want to live a credit life when more than 80% of the population is unemployed, how then do you want them to repay a credit used of which they might even max out the balance in less than a month... Any credit card company considering Nigeria as a market will just go bankrupt in less than a year.... And lastly credit system is not what you think it is, there is more to it that meets the eyes

It's available but only for HNIs
It's not common dur to trust
The rich gets richer

Debit cards work in conjunction with your bank account. Unless you have overdraft protection, transactions are only authorized for the amount of money in your account. Credit cards are different however it seems like by this time, banks in Nigeria would be up to par. I do know a few people back in Nigeria who we have helped to open accounts in this country and they are able to use the cards back in Nigeria.

UncleAyo:
Why is Nigeria not using the credit card system? Are Nigerians less human?

There is also mobile checking in other countries where you can use a mobile phone to cash a check by just taking the picture of the check.

We dont have the infrastructure for retail credit. For credit to work, you need reliable unique means of identification, reliable means of tracing defaulters, consequences for default (quick judgement at courts) , database of defaulters etc etc

UncleAyo:


Not everybody is dubious anyways. Credit card system is so good and developed to eliminate the dubious users

The average Nigerian is very dubious.

No go dey loose guard o.

Pls most Nigerians are less humans.
See how debtors treat Loan companies, turning around to be the victims.
Now imagine how worse it will be when granted credit cards.

Actually, banks in Nigeria gives credit cards but not just to any one.
They give majorly to their staffs and top class people.

UncleAyo:


What's your bank? I have a dom account but never been offered such.

First bank also offers credit card facility, but mainly to FG staffs

Yankee101:
It's available but only for HNIs
It's not common dur to trust
The rich gets richer

No, not only for HNIs,
Even a cleaner working for the [b][/b]state or federal government can easily get a credit card. A lot of policemen have credit cards

I think it's the lack of job and job security.

Shokoloko:


No, not only for HNIs,
Even a cleaner working for the [b][/b]state or federal government can easily get a credit card. A lot of policemen have credit cards

It's based off of a regular income cycle in nigeria even back then. So not surprised govt workers have access now.

I've been away for a while sha. So if it's that widespread it's a good thing, if credit education is also taught them, that is.

aremuforlife:

75% of us always look for loopholes to commit crimes.
A Nigerian collected iPhone 12 on credit and about #2m I'm dubai and japa back to Nigeria

Read more about credit cards...
Banks no go issue credit card wth that amount to some that is not working in the said country... Them go Sabi your source of income and if they can successfully withdraw their money within a stipulated period

Eyigold:

First bank also offers credit card facility, but mainly to FG staffs

I have learnt alot with this thread. This is also great. I don't know something like this exist.

cardoso514:
Wr seem nut credit worthy any more.
Manage Debit Card for now

We are not credit worthy...

somehow:


Those online loan apps aren't worth to be used as an example.

Their interest is criminal.

They're still mostly better than most banks that make it nearly impossible to get loan. You can get a loan of up to 500k without collateral in a few minutes in some apps, whereas a regular commercial bank will tell you to go and bring your liver and one kidney as collateral.

UncleAyo:
Why is Nigeria not using the credit card system? Are Nigerians less human?

There is also mobile checking in other countries where you can use a mobile phone to cash a check by just taking the picture of the check.

Credit what? You want 9ja make e fall inside well Yahoo boys dey help other countries use their credit card.....Thinks about it Mr. Man...Lol.

Many things are responsible, my brother. Part of it is non credible identity database.

thesicilian:
You want credit cards, when common online loan apps that people collect money from they'll come here to be looking for lawyers that will help them fight the company instead of just paying up

You are absolutely right on this, I'm sure I have seen such topics even on nl here, Nigerians looking for lawyers to help them fight these companies instead of looking for means to pay up the debts.

UncleAyo:


Not everybody is dubious anyways. Credit card system is so good and developed to eliminate the dubious users

Over 90% of Nigerians are dubious. They don't intend to pay back loans. If you ask me, I'll say about 99% of them are not credit worthy.

thesicilian:
You want credit cards, when common online loan apps that people collect money from they'll come here to be looking for lawyers that will help them fight the company instead of just paying up

Don't mind this lazy Nigerian youths. You see many of them whose topic makes front page asking what would happen to them if they refuse to pay.

Zooposki:
They do. My bank offered me a credit card but I did not take them up on the offer. Don’t know if you need a dom account because the offer was in dollars.

Which bank is that?

The socio economical situation of the country does not warrant a need for it...

somehow:


Sorry, stating their cons doesn't make me their customer.

Quit thinking one way.

You didnt answer my question.

They are scared , because they know if you're broke in this country you're broke even the government no get transaction wey fit turn money with you upon say you be citizens, Shey na that kain people you go come use your money play with?

pedrilo:

You didnt answer my question.

You asked no question that wasn't answered.

yeah.. true
thanks for ur mature reply

9japride:
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I get your point. But you should understand the kind of politics we play in Nigeria. There is no sincerity in most of their actions. Religion and tribalism are the major forces driving most leaders in this country. Until those in power learn to be straight forward that's when the masses will trust their policies. The person heading the drive for NIN registration, what was he's fast belief in religious extremism? So you expect people to happily give their personal information to someone who is a religious fanatic? You and I know how petty and dangerous our politicians are, so don't blame people when they take things slowly.

Shey na like this we go dey dey...

9japride:
Credit card system is very good and it discourages fraud. But those wicked entities in the corridors of power who love to see people suffer won't allow it to work. They don't want the common man to measure shoulder with them. For example with a credit facility anyone can get latest phone, car etc. In addition, we need to develop our social security number system. But due to mischievous ways of those in power, they won't allow it to work. If done properly the security situation will be reduced more than 50%. Those in power know exactly what they are doing, they all travel out and see how things are done in other countries. To me, its just pure black man wickedness and nonsense attitude. It pains me a lot that with all the wealth in the country, people can't just enjoy it fully but just a few numbers of privilege one's that are enjoying the goodies meant for everyone.

somehow:


You asked no question that wasn't answered.

Ni doubt, You are one of the numerous lapo debtor they have dealt with.
The pain is still fresh. I feel ur pains

yusluvad:
Shey na like this we go dey dey...

[color=#006600][/color]

Not for long.

Cognitivereason:
yeah.. true
thanks for ur mature reply

[color=#006600][/color]

You're welcome.