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Nairaland Forum / Nairaland / General / Business / FG To Shut Down Money Lending Businesses Over Violations (43597 Views)
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Re: FG To Shut Down Money Lending Businesses Over Violations by PrinceofAgoAre(m): 8:36pm On Dec 27, 2021 |
King44:Which one operate as a site nd nt app. which one dey lend reach 150k? bro, e urgent abeg mke u gimme full details.. |
Re: FG To Shut Down Money Lending Businesses Over Violations by CaptainDo: 8:36pm On Dec 27, 2021 |
cloud: Hahaha haha Your head dey there lol! |
Re: FG To Shut Down Money Lending Businesses Over Violations by Jmichael1(m): 8:42pm On Dec 27, 2021 |
Make them close now ooh b4 my due date expire,i de owe one loan company 80k.make i no kukuma pay |
Re: FG To Shut Down Money Lending Businesses Over Violations by solacong: 8:42pm On Dec 27, 2021 |
Many Nigerian are very backward in thinking, they said shutdown and many are happy? What happens with putting regulations in place to avoid violation. When there is no law, there is no constraints they said. Shut people's investment and businesses in the name of governance? The borrowers that are shouting good move, who ask you to borrow, were you given the Money by force? This country sha, Lord please send us Help 5 Likes 2 Shares |
Re: FG To Shut Down Money Lending Businesses Over Violations by ipobarethieves: 8:44pm On Dec 27, 2021 |
ANDREW91:they nor force anybody to obtain loans. ! Reason why banks dnt give individuals loans anyhow. Nigerians sabi KILL/DESTROY biz 3 Likes |
Re: FG To Shut Down Money Lending Businesses Over Violations by JordanMichael(m): 8:57pm On Dec 27, 2021 |
Lemme go borrow before they shut down biko |
Re: FG To Shut Down Money Lending Businesses Over Violations by Nobody: 9:13pm On Dec 27, 2021 |
DubaiLandLord:Prosecute will strength them to revenge on innocent people |
Re: FG To Shut Down Money Lending Businesses Over Violations by noisy45(m): 9:14pm On Dec 27, 2021 |
PrinceofAgoAre: Branch loan app 1 Like |
Re: FG To Shut Down Money Lending Businesses Over Violations by NGArmyTerrorist: 9:22pm On Dec 27, 2021 |
DubaiLandLord:Wicked thing, why would you want them to prosecute them; let them close it down so that your likes can go and borrow from your neighbor or friends or maybe the banks.
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Re: FG To Shut Down Money Lending Businesses Over Violations by ultimateprof: 9:23pm On Dec 27, 2021 |
This is long over due self. |
Re: FG To Shut Down Money Lending Businesses Over Violations by Nobody: 9:36pm On Dec 27, 2021 |
ipobarethieves:Any business set up to defraud innocent people doesn't last. It dies a natural death. Please banks gives individuals loans. They only have to verifies to make sure u can pay back. The loan shark doesn't verify they just give u loan by accessing ur privacy. They know Nigerians nor dey like disgrace so they are using that opportunity to defraud people. 4 Likes 1 Share |
Re: FG To Shut Down Money Lending Businesses Over Violations by namo77: 9:41pm On Dec 27, 2021 |
DispatcherLagos: Exactly! 1 Like 1 Share |
Re: FG To Shut Down Money Lending Businesses Over Violations by gase3: 9:46pm On Dec 27, 2021 |
matrix199:I if the economy is stable, the so called perceived loan shark apps won’t strive, people falling victims to these so called loan apps don’t have repayment sincerely, they take loans with the sole intention of not paying back cos the loan is without collateral |
Re: FG To Shut Down Money Lending Businesses Over Violations by ipobarethieves: 9:48pm On Dec 27, 2021 |
Wic banks giv loans? Except salary earners,u’ll wait tire ANDREW91: 1 Like |
Re: FG To Shut Down Money Lending Businesses Over Violations by dingbang(m): 9:51pm On Dec 27, 2021 |
SUPERPACK:there are businesses without government interference na |
Re: FG To Shut Down Money Lending Businesses Over Violations by gase3: 9:56pm On Dec 27, 2021 |
JavaScript9091:those writing petitions are chronic debtors, they take loans with no means to pay back cos there’s no collateral 2 Likes 1 Share |
Re: FG To Shut Down Money Lending Businesses Over Violations by gase3: 10:04pm On Dec 27, 2021 |
FalseProphet1: |
Re: FG To Shut Down Money Lending Businesses Over Violations by osculatedon(m): 10:08pm On Dec 27, 2021 |
Even with the toutish way of retrieving money? Did you consider the person's side of the whole story? Start up with devilish mind. That defamation can cause depression that can lead to death. You work with them and have been inculcated with the same idealogy JavaScript9091: |
Re: FG To Shut Down Money Lending Businesses Over Violations by funshint(m): 10:09pm On Dec 27, 2021 |
Etiyeokwe:I swear people are just shouting Sokoloan. LCredit is the worst of them all. They deduct 3% one time charge and 2.5% per day on late charges instead of 0.03% as stated by CBN. Super Thieves! 3 Likes |
Re: FG To Shut Down Money Lending Businesses Over Violations by Kokaine(m): 10:14pm On Dec 27, 2021 |
matrix199:and then those rotten messages they send the guarantors that never signed up for it. They threaten you that your friend is owing them and that they will prosecute you because he used you as a guarantor when you never even knew. Abeg let them shut them down. 3 Likes |
Re: FG To Shut Down Money Lending Businesses Over Violations by titosblink: 10:20pm On Dec 27, 2021 |
JavaScript9091: You don't know what you are talking about. I guess you are one of them. These so called loan companies have and still leading many Nigerian youth to depression. This is a wonderful move from the FG and I hope they accomplish it. 3 Likes |
Re: FG To Shut Down Money Lending Businesses Over Violations by Nobody: 11:08pm On Dec 27, 2021 |
ipobarethieves:There are loans for salary earners and for business owner. U nor be salary earner, u nor be business owner u go bank go collect loan, how u wan take pay b4 |
Re: FG To Shut Down Money Lending Businesses Over Violations by mindtricks: 11:10pm On Dec 27, 2021 |
tosine102: Hmm! With these your 32 teeth, you seem to be one of those happy ones? |
Re: FG To Shut Down Money Lending Businesses Over Violations by Justiceleague1: 11:13pm On Dec 27, 2021 |
MartinCorridon IvartheMENTAL..shut up,this thread is only for learned educated people,thank you : |
Re: FG To Shut Down Money Lending Businesses Over Violations by DomoSabs(m): 11:25pm On Dec 27, 2021 |
matrix199: Sapa dey make people run am sha |
Re: FG To Shut Down Money Lending Businesses Over Violations by Lothbrok(m): 11:50pm On Dec 27, 2021 |
Soko lending company of FASTMONEY and GOCASH Have the worst customer online representatives. Those girls are rude, thuggish and ill mannered. Because the have you details and private information. They would use it to insult you. Threatening you and all your contacts for a loan as low as 5k. They just dont want to understand the reason for the delay, even when you have a good credit history and they having an access to auto debit your bank account. The FG should send those useless girls back to the labour market. Can they borrow 7k to pay 10k in less than 7days. What kind of business can you do with 7k with ROI of 3I? Their aim is to threaten you into borrowing from their sister Loan Apps and pay them. Borrow from Peter to pay Paul. . In less that 14days, you are already in a loan web. . In less than 30days. . You are owing almost 25 loan Apps, own by just 4 companies. Confusion and suicidal thoughts runs into you head when they due dates gets closer. . With non stop calls, messages. . Threats, insults, warnings. . Defamation, Libel. . This is a calculated plan to defraud, frustrate and antagonize Nigerians by these Chinese companies. How can a Loan App tell you to go and borrow from another App and pay them. . Is that not wickedness. When all you need is just 3 more working days for your monthly salary to get paid. . So you can clear the loan. In a situation where you use their loan for business. And your client pays you a post dated cheque. . Then you own is finished. All your contacts will see your pix with a write up that . . YOU CANNOT BE TRUSTED WITH MONEY Can you imagine 6 Likes 2 Shares |
Re: FG To Shut Down Money Lending Businesses Over Violations by Boy2plenty(m): 11:57pm On Dec 27, 2021 |
I really don't know if shutting down these loan apps is the solution. These apps are actually a solution to the emergency financial challenges of many Nigerians. Majority of those crying foul are actually defaulters. An agreement should be honoured. Study them before collecting their loans.I no know no dey, after all, nobody force you. Government should rather provide a better financial alternative that's better than what the loan apps are offering. |
Re: FG To Shut Down Money Lending Businesses Over Violations by TheMostComplex1: 12:02am On Dec 28, 2021 |
JavaScript9091: You just mirrored my thoughts. The get the loan quick without collateral & closing it will affect very very well |
Re: FG To Shut Down Money Lending Businesses Over Violations by mfm04622: 12:14am On Dec 28, 2021 |
DispatcherLagos: Not possible! Even Dangote dey owe. Even US govt dey owe. Debt is a fact of life 1 Like |
Re: FG To Shut Down Money Lending Businesses Over Violations by Nobody: 12:24am On Dec 28, 2021 |
NGArmyTerrorist:Gibberish 1 Like |
Re: FG To Shut Down Money Lending Businesses Over Violations by winningwinner(m): 1:31am On Dec 28, 2021 |
tuzle: Guy, calm down, I know you're part of them. I can tell you that 90% of the agreement signed are breached by these loan companies you work for. They will push you into becoming interested with a bogus offer. You fall for it. Started your registration with all your details imputed. Next thing will be a debit of about N5000 or more from your bank account. Then they will push out some loan apps for you to choose from and borrow your money. You click, the highest any of them can give is a paltry N2000 for 7days to repay N3500 after taking more than that from you. Who is dubious here? Take it from another angle. They got your attention, and you filled their online form, with all your important details. The next is DECLINED. When you try to opt out, you will not be able. Why hold unto your personal information? Who is dubious here? In another way, you downloaded the app after seeing a nice loan offer and good duration, say 90 to 120days, then you register. After all documentations, then the APPLY button comes and you hit it... Alas, there was no option to choose. You're forced to take the amount they offered with a high interest rate and a duration of 7days. I have even come across one for only 3days. Imagine that! However, it takes the grace of God for one back out after giving out one's details. I can go on and on. The worst being that you were given a loan of N35000 to pay back N45000 in 7days with a promise that after payment you will be upgraded to have higher loans and the duration extended from 7days to something higher. You paid and nothing was done. No upgrade for you. You complained and they encouraged you to borrow again that after payment you will get upgraded, yet nothing happens. Who is dubious here? Imaging taking a loan for 7days, and on the 4th day you started receiving calls and SMS to pay up and get higher loans and better duration. You paid, and your duration was not extended. Note that they encroached into your loan duration without compensation. But when you pass a day or two in repayment, they will surcharge you 1k daily and still hack into your contacts to blackmail you. They will still be sending messages to you to borrow more money after labelling you a CRIMINAL in the first instance. So many things can make someone not be able to pay his/her loan at the right time. Imaging going through all these with useless promises that can never be met. Whoever that goes to equity must go with clean hands. Federal Government putting up regulations on them is a nice move. With all these cries about Nigerians not paying loans is a big lie. The loaner and the borrower are business partners (customers). There must be mutual understanding, balance in both sides. Putting up high interest rate so as to make more profit in the shortest time is robbery because you're forcing your customers to pay by the nose. Given something reasonable, those that borrow will not waste time paying back. Take this again. A customer borrowed money and it passed one or two days in payment, courtesy demands that the attention of the customer should be drawn without threat is insults to know why the delays. Most borrowers refuse to pay because of the attitudes of these loan collectors. They bully, threathen, abuse and say all manner of things they will do if the person fails to pay at the moment. Trust me, there are people who don't take it lightly when you threathen them. They will dare you to do your worst... There is need for harmony and regulations... 4 Likes |
Re: FG To Shut Down Money Lending Businesses Over Violations by Kibbs(m): 1:38am On Dec 28, 2021 |
Johnnico1: Start with LCredit Oloruburuku la won people yen 1 Like |
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