Why Do Nigerians Hate Paying Their Debt? - Crime (3) - Nairaland
Nairaland Forum / Nairaland / General / Crime / Why Do Nigerians Hate Paying Their Debt? (18858 Views)
British-Nigerian Man Jailed For 28 Years After Shooting Man Over £3.50 Drug Debt / Woman Punched To Death Three Days To Wedding Over N100 Debt (pic) / Uber Driver Nearly Jumps Into Lagoon In Lagos Over N90K Debt. Photos (2) (3) (4)
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| Re: Why Do Nigerians Hate Paying Their Debt? by Godbless3(m): 8:33am On Nov 05, 2021 |
Bros calm down, The reason i don't like these loans app is their terms/condition. I wanted to use fairmoney once but after doing every finish for the loan (including inserting my BVN), I was like wtf, am i stupid not to read terms and condition, then i went through it and i realize they will have power over my contact, my message (inbox) and at that point, i put a stop to it. If you get a loan, just make sure you pay them back. 2 Likes |
| Re: Why Do Nigerians Hate Paying Their Debt? by airsaylongcome: 8:34am On Nov 05, 2021 |
Lifestone: The defaultee pays the cost of collection |
| Re: Why Do Nigerians Hate Paying Their Debt? by Ulunne777(f): 8:34am On Nov 05, 2021 |
Rydermaverick: The actual mocker is the guy who is claiming right. How do you pay principal and not pay interest yet still came to advertise himself? 2 Likes |
| Re: Why Do Nigerians Hate Paying Their Debt? by 1Alex: 8:35am On Nov 05, 2021 |
Jwonder:a good business man expects such. No business is devoid of "unindebtedness" |
| Re: Why Do Nigerians Hate Paying Their Debt? by BullyBullies: 8:35am On Nov 05, 2021 |
Jwonder: Some of you reasoning is just like one way traffic. |
| Re: Why Do Nigerians Hate Paying Their Debt? by airsaylongcome: 8:36am On Nov 05, 2021 |
Ulunne777: I lost money just like you did. Over ₦3m. Add monies of family members I advised to invest and it will be approaching ₦12m. So take a chill pill and deal with your loss. I'm dealing with mine. |
| Re: Why Do Nigerians Hate Paying Their Debt? by orumba(m): 8:36am On Nov 05, 2021 |
Just wickedness |
| Re: Why Do Nigerians Hate Paying Their Debt? by Jwonder(m): 8:37am On Nov 05, 2021 |
bamdly: No forced them to take the loans, don't take a loan you can't pay back simple. |
| Re: Why Do Nigerians Hate Paying Their Debt? by seniormallam(m): 8:37am On Nov 05, 2021 |
Debt is not something any one wishes to used in catching cruise, it is the level of unemployment and poverty in the land, Most people are debt trapped already, they collect one loan to service another loan until they are overstretch and can't pay anyone again. 5 Likes |
| Re: Why Do Nigerians Hate Paying Their Debt? by Coldie(m): 8:38am On Nov 05, 2021 |
Ifesinachi22:Y u go borrow person money for no reason at all u no gree pay back? Abi the person way get the money thief am? 4 Likes |
| Re: Why Do Nigerians Hate Paying Their Debt? by Boogyman557: 8:38am On Nov 05, 2021 |
Jwonder:HOLLY GRAM  OP THUNDER WEY GO FIRE U STILL DE SMOKE KUSH.. MOST OF DOES USELESS APP WILL SEND MESSAGES TO ALL UR CONTACT AND CALLS. TAGGING U AS A CRIMINAL. EVEN IF NA 2DAYS REMAIN 4 U TO PAY.. E GET ANY COUNTRY WEY NO DE BORROW MONEY. AFTER U DON CAST PERSON NAME 4 ALL EM CONTACT AND CUS D PERSON DAMAGE AND U WANT MAKE PERSON PAY INTEREST. OP NA THUNDER GO FIRE U . WTF MAN4 Likes |
| Re: Why Do Nigerians Hate Paying Their Debt? by bamdly(m): 8:38am On Nov 05, 2021 |
Pataricatering:No I am not comfortable but....... I tend to pay my debt but all fingers are not equals so all these loan app should try and be reasonable for at least 2month before defamation |
| Re: Why Do Nigerians Hate Paying Their Debt? by bamdly(m): 8:39am On Nov 05, 2021 |
Jwonder:When the country hard nko...... Abi can u be dashing out money for people ni.......... |
| Re: Why Do Nigerians Hate Paying Their Debt? by Coldie(m): 8:40am On Nov 05, 2021 |
1Alex:Even if they do it like that Nigerians no go gree pay, it’s like the OP mentioned above all of u want to reap where u did not sow. |
| Re: Why Do Nigerians Hate Paying Their Debt? by ugwumichael(m): 8:40am On Nov 05, 2021 |
Ifesinachi22: My name sake Yes everyone borrows but most persons don't like paying up there debt even when they have the money at hand. 3 Likes |
| Re: Why Do Nigerians Hate Paying Their Debt? by Coldie(m): 8:41am On Nov 05, 2021 |
FiverrTutor:It’s the church part that annoys me the most, with the way people full church every Sunday Nigeria supposed don better but same old same old 3 Likes |
| Re: Why Do Nigerians Hate Paying Their Debt? by matrixme(m): 8:42am On Nov 05, 2021 |
Let's try and have some empathy abeg. You decided to open a thread to attack someone that has issues paying up his loan. Instead of cursing darkness, why can't we light a candle. If the individual approached you for help now, I'm 1000% sure you won't budge. He took the next best option to solve his own problem and you carried the matter for head like plantain chips. He that is down needs fear, no fall... Afterall, the country itself is owing. Buhari has turned everyone to bambiallah in this economy. The question is, was loan apps common like it is during PDP regime? You can't even open Facebook quietly again, or any app that shows ad. They will be begging you to apply. To collect back, it's hell. 5 Likes |
| Re: Why Do Nigerians Hate Paying Their Debt? by Jwonder(m): 8:42am On Nov 05, 2021 |
bamdly: Go and open a loan company and be reasonable with Nigerians. Will the company staffs also be reasonable with them if they don't pay salary? 1 Like |
| Re: Why Do Nigerians Hate Paying Their Debt? by Lifestone(m): 8:42am On Nov 05, 2021 |
airsaylongcome:But he's even complaining of paying the interest on the loan he signed for not to talk about the collection costs 1 Like |
| Re: Why Do Nigerians Hate Paying Their Debt? by Coldie(m): 8:44am On Nov 05, 2021 |
slimanyd:I borrow my own guy money someone that makes more money than me, pay me back he is demanding to check my bank statements first to know if I don’t have money. I just acted like I have forgotten about the money the shameless fool still get mind dae tell me to help am buy sth that he would pay me later, I refused. Next thing he started telling people am stingy 6 Likes |
| Re: Why Do Nigerians Hate Paying Their Debt? by seyz91(m): 8:45am On Nov 05, 2021 |
 Ifesinachi22: |
| Re: Why Do Nigerians Hate Paying Their Debt? by Nobody: 8:45am On Nov 05, 2021 |
Ulunne777:You are right tho..but from another angle e be like say the interest too much..but make we con talk true most Nigerians no dey like pay back their debt..still make Dem stop to dey borrow.. enjoy 1 Like 1 Share |
| Re: Why Do Nigerians Hate Paying Their Debt? by KashApp: 8:46am On Nov 05, 2021 |
Jwonder:My friend borrowed 5k from a loan app and on the due date, they automatically removed it from his account but to his surprise few hours later, they removed another money. I advised him to message them on WhatsApp but the lady was so rude and never returned the money. To God be the glory, he decided to pay back by borrowing from different apps too with no intentions of paying back. In fact, this particular loan app has 2 different apps which he also borrowed from. Since they are also thieves, what advise would you now give government? 2 Likes |
| Re: Why Do Nigerians Hate Paying Their Debt? by Jwonder(m): 8:46am On Nov 05, 2021 |
matrixme: Don't TAKE A LOAN IF YOU HAVE NO PLANS TO PAYBACK SIMPLE. Why didn't he take the loan from family and friends? Do you think the money loan companies give out falls from the sky? That's someone's life investment. 2 Likes |
| Re: Why Do Nigerians Hate Paying Their Debt? by koladebrainiac(m): 8:46am On Nov 05, 2021 |
you were in a fixed you needed money to eat or to pay your wife hospital bill, you are a salary earner and the month was 12th of the that month,you approached your company for IOU, your company told you there is no money you called all your friends and family, everybody is saying no money all you needed was 20k then one friend told you about loan app where you can borrow money you downloaded the app, the amount you were looking for is 20k the loan company said you qualified for 12k and you will pay back 18,500 in the next 7days you were like what the hell!!! 12k to pay 18500?? this is rip off! you logged out then you went out again, finally somebody managed to borrow u 10k your wife was still in the hospital and the bill is now 15k you begged the doctor for that you have only 10k but the doctor said get the complete money blah blah blah later in the day you turn back to that app, you took the 12k the next day your wife was discharged you were safe everybody is happy then you b you bought food of 5k for the family 6days later the collector started reminding you for the money suddenly you realized that you do not have any means to pay back 18,500 vthe next day dude i was just begging for 20k 6days ago and at that point the money your church contributed in your care , 15k you have already spent it oo. hoping that you when you collect your salary you will pay back the next day the loan was due are messaging you up and down calling you to pay your loan 18,500 now you have to perform the magic, you told your wife, your wife too had to go borrow money again she got 8k you kept stalling then your the loan kept accumulating it got to a stage the loan accumulated to 25k,all what you took was 12k oo... then they paid your salary which was 60k you are paying 25k ,8k and 10k debt oya share the money 4 Likes |
| Re: Why Do Nigerians Hate Paying Their Debt? by InvertedHammer: 8:47am On Nov 05, 2021 |
Jwonder:/ Don't blame the borrowers. Blame the Loan companies that are stupid enough to lend them money in the first place. What planet do the Loan companies live in? / 1 Like |
| Re: Why Do Nigerians Hate Paying Their Debt? by Ifesinachi22(m): 8:48am On Nov 05, 2021 |
ugwumichael: It's true Sha. I'm Ugwu too. |
| Re: Why Do Nigerians Hate Paying Their Debt? by Jwonder(m): 8:49am On Nov 05, 2021 |
KashApp: This is definitely a different issue from what is been discussed, your friend should have taken it up with the relevant agencies. Email CBN and also copy the loan company, they will surely refund the extra deduction. And you story doesn't justify people taking loans and refusing to pay. 3 Likes |
| Re: Why Do Nigerians Hate Paying Their Debt? by DFERENCE: 8:49am On Nov 05, 2021 |
Well it is bad to recieve loans and refuse to payback but then why are these loan agency called "LOAN SHARKS" sharks are known to be dangerous and not delicious, they capitalize on the poor economic state of nigeria and unregularized nature of market or policy to exploit nigerians, where in the world do you pay such interest rates except nigeria, 25%, 30%, 50% and still charge default fees of upto 1% or 2% per 24hours, they too are trying to exploit nigerians because no one does anything or even care because it only affect the lower class citizens, these companies giving these loans don't only harass their clients(victims) by disturbing and even harassing contacts of the defaulters who don't have any binding agreement with the agency should one default, they crime is being a contact of a defaulter, stop protecting these companies because they aren't victims, they are the architect of these problems, a PREDATOR CAN NEVER BE A VICTIM OF ITS PREY, grass can never eat up a goat. 1 Like |
| Re: Why Do Nigerians Hate Paying Their Debt? by MartinsD12(m): 8:50am On Nov 05, 2021 |
Jwonder:Some these loan companies are the cause with high interest rates, secondary loan companies like branch is beginning to fail on their honesty as a company, first they say one will get N50 bonus for wallet funding 10 times in a month, all of a sudden they decided not to be giving the bonus again and reduced it to only 4 times a month that's like from N500 N50 x10 to N50 X 4, you see these loan companies even the Branch I so much trust is lacking in honesty why then do you expect people to be honest when the loan companies change and cheat people with their policies |
| Re: Why Do Nigerians Hate Paying Their Debt? by MeghaneMorgane(f): 8:50am On Nov 05, 2021 |
Jwonder:Shebi CBN is already deducting movies from the bank accounts of loan defaulters. I think its a good development. |
| Re: Why Do Nigerians Hate Paying Their Debt? by Coldie(m): 8:50am On Nov 05, 2021 |
matrixme:So because Nigeria is owing therefore it’s your right to wreck another persons business? |
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