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Nairaland Forum / Nairaland / General / Crime / Why Do Nigerians Hate Paying Their Debt? (19542 Views)
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Re: Why Do Nigerians Hate Paying Their Debt? by Jwonder(m): 9:22am On Nov 05, 2021 |
Dreytonisback: I suggest you open your own loan company and let people pay at their convenient time. 1 Like |
Re: Why Do Nigerians Hate Paying Their Debt? by floss(m): 9:23am On Nov 05, 2021 |
Because Nigerians are not the " Larnistas" that always pay their debt |
Re: Why Do Nigerians Hate Paying Their Debt? by Johel(m): 9:23am On Nov 05, 2021 |
Jwonder: I'm not in the queue...I don't owe debts...some loan apps give me VIP offer because I pay up swiftly...90% Nigerians,are thieves,greedy,cunning,and chronic liars. 3 Likes |
Re: Why Do Nigerians Hate Paying Their Debt? by Jwonder(m): 9:25am On Nov 05, 2021 |
bamdly: What is the debtors gain is I can't pay my staffs? Will they work for free? Won't they also commit suicide? |
Re: Why Do Nigerians Hate Paying Their Debt? by thewritingtodo(m): 9:26am On Nov 05, 2021 |
CryptoClub2018:Bro you have said it all.. |
Re: Why Do Nigerians Hate Paying Their Debt? by jaxxy(m): 9:28am On Nov 05, 2021 |
Jwonder: People will always fall victim to sharks. Ask Nigeria why they are collecting China’s loans and still looking for more to borrow. 1 Like |
Re: Why Do Nigerians Hate Paying Their Debt? by mapet: 9:29am On Nov 05, 2021 |
Ifesinachi22: But why borrow and not pay? |
Re: Why Do Nigerians Hate Paying Their Debt? by Kobicove(m): 9:29am On Nov 05, 2021 |
Skmoda360: No we must answer it today. The reason is that an average Nigerian is inherently dishonest! |
Re: Why Do Nigerians Hate Paying Their Debt? by Jimtop001(m): 9:30am On Nov 05, 2021 |
1Alex:As if the money they gave you, they plucked it from a tree behind their house... Why will you say you will pay in 3 months time and 1 year have passed you are now angry they are asking for their money??! This is terrible! Deceit upon deceit. People who act like that don't prosper 3 Likes |
Re: Why Do Nigerians Hate Paying Their Debt? by AlexanderOkey: 9:30am On Nov 05, 2021 |
Although some Nigerians don't like paying out of pure deceit that is not always the case. When you have a failing economy, an economy growing backwards, loan default is only a ripple effect as people will borrow and invest in projects but those projects will likely fail because of the state of the Economy. Even in the US, when there is a recession or economic downturn, loan default rate rises. The only difference is their government steps in to bail them out unlike Nigeria. 1 Like |
Re: Why Do Nigerians Hate Paying Their Debt? by Jimtop001(m): 9:31am On Nov 05, 2021 |
1Alex:Shebi they will come back to ask for another one? |
Re: Why Do Nigerians Hate Paying Their Debt? by KashApp: 9:32am On Nov 05, 2021 |
Jwonder: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). 1 Like |
Re: Why Do Nigerians Hate Paying Their Debt? by mapet: 9:32am On Nov 05, 2021 |
Davash222: Dumb! https://www.thecable.ng/amaechi-fg-has-paid-150m-out-of-500m-chinese-loan-on-abuja-kaduna-railway |
Re: Why Do Nigerians Hate Paying Their Debt? by Dreytonisback(m): 9:33am On Nov 05, 2021 |
Jwonder: You're not a deep thinker so I'll not judge u If only you read all I said then you wouldn't have fvcked urself up by replying me disrespectfully , I no be ur mate o Warn urself Lights up my kpoli in peace 1 Like |
Re: Why Do Nigerians Hate Paying Their Debt? by mapet: 9:35am On Nov 05, 2021 |
FalseProphet1: 1. You are dishonest to start with... 2. Nigeria is not only currently repaying its debt, it has not defaulted in their loan repayments either to the Chinese or other lenders. Evidence from the DMO. 1 Like |
Re: Why Do Nigerians Hate Paying Their Debt? by edoairways: 9:41am On Nov 05, 2021 |
airsaylongcome:Majority think it is free money. They have poor mindset towards public things |
Re: Why Do Nigerians Hate Paying Their Debt? by mapet: 9:42am On Nov 05, 2021 |
tyup: 1. I agree with you to a large extent.. 2. Nigerians in these categories are worrisome. There seems to be a sense of entitlement mentality, wherein when loan is obtained, they switch to the mode of not wanting to pay back, not respecting payment terms, wanting to extend payment period for as long as possible.... 3. Loan companies are also at fault. They do not do their due diligence. You send marketers out, who start worrying people on social media to come take loan and voila! in 5minutes loan is approved. 4. Who in his or her right senses gives loans to faceless people? If you check with counterparts in West and China, there are artificial intelligent systems that leverages gazillion of data about customers, buying patterns, earning, lifestyle, previous loans, connections etc. Algorithms are built to combine these factors and predict your potential to default. The system then profile and recommends. 5. Even with the above stated, they are still careful to include human risk managers to make additional informed decision. 6. I think our loan app coys, rushed to market seeing what is obtainable in advanced countries without doing the work required to build the system 6 Likes |
Re: Why Do Nigerians Hate Paying Their Debt? by mapet: 9:43am On Nov 05, 2021 |
1Alex: so that they can run out of business shey? |
Re: Why Do Nigerians Hate Paying Their Debt? by peacebirdone: 9:48am On Nov 05, 2021 |
If they have the money they usually would pay. So why don't they have the money should be the question. You say job no dey, but we eat down the few businesses people open. We generally don't respect people, respecting people is not about kneeling or bowing, respect is about having regards for their existence, their time and experience. This is my submission |
Re: Why Do Nigerians Hate Paying Their Debt? by mapet: 9:52am On Nov 05, 2021 |
Coldie: Some "caustic friends" play the emotional card to control their friends. You better disconnect from that person... he's better at best a distant acquaintance 4 Likes |
Re: Why Do Nigerians Hate Paying Their Debt? by sapientia(m): 9:54am On Nov 05, 2021 |
Cos there is no money They borrowed to survive first Some wanted to pay Some might be luck Buhari also happened to some |
Re: Why Do Nigerians Hate Paying Their Debt? by adonainana: 10:00am On Nov 05, 2021 |
InvertedHammer: Bro I keep saying this Poverty capital of the world you brought millions of dollars You no buy land in Ikoyi and sell at times 5 of the price after building flats on it You no build hotels You no build filling stations It’s unsecured loans you started using your millions of dollars to do for Nigerians Even you are not lending to Nigerian banks cos some Nigerian banks do ask for it especially mfb Na people wey no get job and someone who hasn’t eaten in like 3 days you are asking he should come and collect 15k through an app and pay back 25k in 7 days loool meaooo 2 Likes |
Re: Why Do Nigerians Hate Paying Their Debt? by gdbelt(m): 10:02am On Nov 05, 2021 |
This loan sharks are bad ass with very wicked interest rate to further impoverish their client with shortest repayment plan, shame on them all.... 1 Like |
Re: Why Do Nigerians Hate Paying Their Debt? by assent: 10:05am On Nov 05, 2021 |
Jwonder: Mr loan company, why do you prefer criminality to recover your loan? Are you naturally criminally minded? |
Re: Why Do Nigerians Hate Paying Their Debt? by olaztek(m): 10:06am On Nov 05, 2021 |
I love my religion Islam. The problem of loan default can be extremely minimized If only we can adopt Islamic banking. |
Re: Why Do Nigerians Hate Paying Their Debt? by Lifestone(m): 10:22am On Nov 05, 2021 |
airsaylongcome:Don't judge the loan company untill you see the terms and conditions of the Loan. Although it's doubtful if contact can provide guarantee without express consent. It's probably a plot to further harassed the chronic debtor |
Re: Why Do Nigerians Hate Paying Their Debt? by Bakerdav: 10:24am On Nov 05, 2021 |
Cr0nus1:lol, |
Re: Why Do Nigerians Hate Paying Their Debt? by sanpipita(m): 10:26am On Nov 05, 2021 |
It's a disgusting behavior, sometimes I wonder why Nigerians are like that, people will borrow money and make no efforts to pay 3 Likes |
Re: Why Do Nigerians Hate Paying Their Debt? by Nostring: 10:27am On Nov 05, 2021 |
Boogyman557:Goan pay the money u dey owe...onigbese ,onijibiti 1 Like 1 Share |
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