There's been a rise of Nigerians defaulting on Loans and coming online to form victims.
Why would you take a loan you have no plans of paying back?
This Loan companies don't collect collateral, so how else do expect them to recover their money if they don't harras you?

Just go through this thread and see how wicked humans are.
https://www.nairaland.com/6835279/loan-app-agent-keeps-blackmailing
They all forget this loan company is somebody's investment with staff to pay.
If everyone keeps defaulting on the loan won't they run out of business?

WHY ARE WE NEVER STRAIGHTFORWARD AS NIGERIANS?
I urge the CBN/ FG to start blocking the BVN and bank accounts attached to the BVN of loan defaulters, this will reduce the trend of evil people taking loans and refusing to pay.

It's a question for another day....

Everyone will create a topic on top this guy head.

Who no dey borrow?

Same reason Buhari is yet to pay the Chinese loan.

Naija!!!!


Creative wedding photographer at Ibadan, Nigeria.

Our honourable president Buhari has been borrowing with reckless abandon without any hope of paying back, no one is sanctioning him, not even the senate.

Our politicians and rich men take huge loans from banks and end up not paying them back, this has led to the liquidation of several banks and collapse of businesses in Nigeria.

Friends and families will come crying out their eyes to borrow money from you and once you give them, they would immediately stop picking your calls, if you call them with another number, they will pick once they know you're the one they'll look for an excuse to end the call with the promise of calling you back but they won't.

Conclusion. most Nigerians are dishonest in nature, from the head (Buhari) to the least man on the street is corrupt, that's why I pity loan companies operating in Nigeria cos they'll end up writing more 60% of their loan as bad debt until they eventually fold up.

This I have seen.

Never deal with a typical Nigerian without a 'fail safe' option. The average Nigerian thinks they're cunningly smart. They see every 'loophole' as an opportunity to exhibit their callousness and lawlessness, and they shamelessly brag about it when they succeed.

Unfortunately, most Nigerians lack any form of discipline. They are a product of their environment. Government exploits the people, people exploit themselves, vicious cycle. This pathetic behaviour isn't just linked to loan repayment. Nigerians bypass meters, avoid paying taxes, never obey authority, I can go on and on.

Loan sharks are the worst people to borrow from. However, you signed up and agreed to their terms. And since there's no collateral, people think it's free money. Happily borrowing without any plans to repay. Without those threats or embarrassment, most people would never pay. Extreme solution to an extreme problem.

All over the world, people default on Loans. These go into Collections where professional debt collectors retrieve the loans with interest and cost of collections. Don't make it sound like Nigerians are the only ones that default or that we have the highest default rates.

Just like their Country

Financial philosophy according to Plato and Rene Descartes says "Only borrow what you can afford to loose". stay sane

Loaning App was never meant to have launched in Nigeria, Infact it's not for Nigerians. but poor Cost Benefit Analysis put em in this mess they are in rn

It cuts across all strata of Nigeria's society, be it personal loans or from/to corporate individuals. Everybody just wants to cheat the other person. And the circle continues from billionaires to the poorest.

Know

Jwonder:
There's been a rise of Nigerians defaulting on Loans and coming online to form victims.
Why would you take a loan you have no plans of paying back?
This Loan companies don't collect collateral, so how else do expect them to recover their money if they don't harras you?

Just go through this thread and see how wicked humans are.
https://www.nairaland.com/6835279/loan-app-agent-keeps-blackmailing
They all forget this loan company is somebody's investment with staff to pay.
If everyone keeps defaulting on the loan won't they run out of business?

WHY ARE WE NEVER STRAIGHTFORWARD AS NIGERIANS?
I urge the CBN/ FG to start blocking the BVN and bank accounts attached to the BVN of loan defaulters, this will reduce the trend of evil people taking loans and refusing to pay.

Mr loan company, why do you love sending defamatory messages that can put you in trouble to the contacts of your debtors?

Oga op, money no dey. A lot of people would want to make a repayment but money no dey. Those loan sharks should allow the option of paying back in convenient installments.

See question.
First ask yourself why Nigeria the country itself hasn't paid all its debt.
Despite that ,the country still keeps borrowing?
The answer lies there within.

Besides ,there are debts defaulter even in UK or USA . So stop this 'why don't Nigeria pay their debt question' but pay more attention to how to recover your debt.

Buhari is the biggest loan defaulter and nobody is harrasing him

Jwonder:
There's been a rise of Nigerians defaulting on Loans and coming online to form victims.
Why would you take a loan you have no plans of paying back?
This Loan companies don't collect collateral, so how else do expect them to recover their money if they don't harras you?

Just go through this thread and see how wicked humans are.
https://www.nairaland.com/6835279/loan-app-agent-keeps-blackmailing
They all forget this loan company is somebody's investment with staff to pay.
If everyone keeps defaulting on the loan won't they run out of business?

WHY ARE WE NEVER STRAIGHTFORWARD AS NIGERIANS?
I urge the CBN/ FG to start blocking the BVN and bank accounts attached to the BVN of loan defaulters, this will reduce the trend of evil people taking loans and refusing to pay.

Nigeria along with Nigerians is a hopeless case. It seems we are a different human species

It's in our DNA

Lol if we wan begin dey reason Nigerian's matter we no go comot here

Speak for yourself

1) They lack accountability
2) Entitlement
3) Not being responsible
4) The fake it till you make it lifestyle
5) living above their means

The Bible say the wicked borrow and don't repay. But some debtors will counter that and say they don't repay with interest that it's satanic. Yet they agreed with the lender before borrowing that they will pay with interest.
Some Nigerians are trouble makers. This are some of the reason they cause troubles and keep misrepresenting us in other countries.
If we can't maintain integrity in Nigeria how can we be trusted when we get to other countries.

Ifesinachi22:
Everyone will create a topic on top this guy head.

Who no dey borrow?

I no dey borrow, people should learn to live within their means.

Mheen

Even NIGERIA doesn't pay her debt. Didn't you hear Buhari pleading that NIGERIA'S debt should be cancelled?

that is who we are.

very greedy, stingy, self-centeredness, wicked just name it but wickedness top it all.

this simple question : why would any individual amass wealth and resources meant for all to him/herself alone?

people stuffing money in septic tanks and sacks see it rot away, after this get the rotten wads burnt then keep repeating same cycle!?

this the Nigeria we are in everyone is abnormally criminally minded, greedy, stingy, Nigerians are insane in need of psychiatric evaluation.

Greed and wickedness