Dreytonisback:
Listen OP , I'm a deep thinker so I'll educate you about this
Taking a loan without paying is not right but let's face reality and be considerate

This is Nigeria, a country of stubborn headed people and a little more good people
People seek for loans bc they're empty , or for business pruposes but along the way anything can happen

Let's be honest with ourselves no one takes a loan with the zeal of not wanting to pay back else they won't include their real informations

This country makes it hard for almost every Nigerian to achieve and succeed on their plans
You go plan your own finish , naija go help u plan the rest

If you're giving out loan in a country like Nigeria, ensure there's a collateral or you don't give at all bc you're dealing with people who are suffering and smiling
If a Nigerian man or woman doesn't drop a collateral then you're on a long thing bc this country will surely ruin his chances of paying back and also , y'all should be considerate with the interest too and be human for once

For example: you ask me to borrow you 100k and I ask you to drop a collateral worth 200k , and you need the money badly you'll have no choice than to drop it.
Make an agreement on when he can claim that collateral else you'll balance him/or any agreed payment to cover up his lateness to pay bc that collateral will be gone, fair business
You won't be at loss , he won't feel the pain much either

You mustn't send sms and defame someone and tag any human being a thief who ran away with company money when you only borrowed the person 10k to pay 15k
If na you , you go pay happily?

Get collateral and wns of story , naija is bad to live when you're broke
Nobody applies for loan with a happy mind so be fair or don't give at all , collect collateral and stop yelling like Shekau's mom

Lights up my kpoli in peace

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.

bamdly:

OK if yall can't be reasonable what is now ur gain if ur debtor commit suicide

CryptoClub2018:


You people are foolish as I have said and most especially you. Which foolish T & C. The one you all copy from one foolish Chinese company and all made a standard for your selfish selfs. Lazy thieves, if you know how to run a business, run a proper business and see if you can grow and not the money you inherited from your late father or mother using for a lazy business reaping where you did not sow. Ole. Lazy fools. People already know you and it's viral so people will continue to default and you can do nothing. Some don't care if you blackmail them or not since you loan companies have decided to be mad, let everyone be mad. Lazy people, go and run a proper business and see what it looks like. Miserable people. You are talking about t&c, can you collect that kind of loan with such interest rate within a short time if you don't have an issue? 7 days? You people are mad

Jwonder:


Nigerians and victim mentality.
If you aren't comfortable with the loan T&C why then did you accept it?

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

Who no dey borrow?

Skmoda360:
It's a question for another day....

1Alex:
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.

1Alex:
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.

Jwonder:


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.

You mean the same CBN? so CBN will leave more important issues to be attending to 8k extra deduction? Anyway, all I know is that, the loan apps except Branch, Aella and Fair money, the rest are theives just like the defaulters. Ole gbe, Ole gba (if u understand Yoruba).

Davash222:
Same reason Buhari is yet to pay the Chinese loan.

Jwonder:


I suggest you open your own loan company and let people pay at their convenient time.

FalseProphet1:
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.

airsaylongcome:
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.

tyup:
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

1Alex:
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.

Coldie:

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

InvertedHammer:

/
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?

/

Jwonder:


Mr. Loan defaulter, why do you keep taking loans when you have no plans to payback? Doesn't that make you a thief?

airsaylongcome:


So my response wasn't about that particular case, but a response to general cases of loan defaulting. Specifically for his case he is in the wrong to claim that he won't pay the interest. He is contractually indebted to do so.

However how about the loan company that lied claiming the defaulter put his contact as guarantors? And that they were going to hold the contact responsible for the loan? How lowball is that?

Cr0nus1:
his a notorious Scammer beware don't say you were not told
CC Dominique seun mynd44 lalasticlala

Boogyman557:
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 MAN