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Ruin By Online Loan App, Don't Know How To Break Free - Business - Nairaland

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I Mistakenly Borrowed From A Loan App #15,000 To Pay #19,500 In 2 Weeks [Pics] / Loan Apps:: If You Are Owing Loan App Do This Now And Be Free / How Patronage By Internet Fraudsters Ruin Businesses (2) (3) (4)

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Ruin By Online Loan App, Don't Know How To Break Free by Duke007: 2:52pm On Mar 12, 2022
Hi every one, l have been a nairalander for over 10 years and have seen people get advised here, thats why l am putting this up with my account.
I am not blaming anybody for my predicament, neither do l blame the loan app company for their shark like business sytle, l take responsibility for my actions. I am one of those people who criticized people for Falling into the trap of online loan company. It's basically a rat race syndrome and tends to take you deeper and deeper from the seemingly innocuous first attempt.

It all started when my side hussle of buying and selling food stuff suffered a decreased in cost of replacement due to inflation and my sales boy stealing my money. I took my first loan to boost my business and realized that the cost of the loan is high. Since then, it's been a malicious cycle of robbing Peter to pay Paul. I realized that l was lossing money in each transcation and in order to meet up with my payment to avoid defaulting, l resorted to other loan company. Now, l don't even no what to do, all cash injection coming to me is spent on servicing the loan. I can't even feed my family and pay my children school fees. I am tire of this scenario and want to break free. It has taken a toil on me physically, mentally and spiritually.

I seek advice from people who have gone thru this ugly experience on how to break free before it is too late. Below is the list of my indebtness:

Ucredit #22,976. 15.03.22(due date)
Oxloan #26,250. 17.03.22
Lcredit #60,000. 17.03.22
Eazycredit #58,904. 21.03.22
imoney. #20,242 24.3.22
Okash #42,416. 31.3.22

I welcome any useful suggestion on how to break free. Thanks

28 Likes 4 Shares

Re: Ruin By Online Loan App, Don't Know How To Break Free by SankaraSo: 2:58pm On Mar 12, 2022
Ahn Ahn

Guy na you dem create loan app for be that

Nobody suppose even use am apart from you

You are a compulsive borrower. You need behavioural therapy.

253 Likes 17 Shares

Re: Ruin By Online Loan App, Don't Know How To Break Free by Xristars(m): 3:13pm On Mar 12, 2022
I just read a news on front page now, that some of these loans companies has just been closed.

Some of them you owing was involved in the list.

But my advice to you that might help a bit is try and borrow from close friends, make a list of 20 people that can gift you 2k without you refunding it. it's crowdfunding Sha. Use it and service some debts

Then sell some assets you have.

Then never borrow from them again

Then, you can learn an online skill, just as creation and sales of digital products.

just suggestions though.

214 Likes 14 Shares

Re: Ruin By Online Loan App, Don't Know How To Break Free by Duke007: 3:28pm On Mar 12, 2022
Thanks for the advice
Re: Ruin By Online Loan App, Don't Know How To Break Free by YourFavorite21(m): 3:55pm On Mar 12, 2022
I'm facing the same thing too. But my own case is that I'm a Final year student, and I needed money to start my project, plus other things in school I don't want to bother my dad( baba don try for me abeg) because he just paid my school fees of 160k, plus my Lodge rent and textbook money too, and he's also paying my younger sisters school fees, (100 level) too, plus my other siblings, now, it's time to payback and I don't even have any means, as I've used the money to pay for my project. cry

32 Likes 4 Shares

Re: Ruin By Online Loan App, Don't Know How To Break Free by Naiira(m): 4:19pm On Mar 12, 2022
Take it easy on yourself man; it’s hard everywhere.

Tough situations don’t last, so your precarious moment will still pass, with time of course.

Pay all the debt as much as possible - don’t shy away from them, the loan was given to you in good faith, so return them.

Afterwards, learn from the experience and make better decision in your dealings.

Shalom!

18 Likes 1 Share

Re: Ruin By Online Loan App, Don't Know How To Break Free by Satan01(m): 4:19pm On Mar 12, 2022
The 1 wey u borrow from me nko u dey use long spoon dey dine with me Abi ??

6 Likes

Re: Ruin By Online Loan App, Don't Know How To Break Free by Fyie: 4:19pm On Mar 12, 2022
.
Re: Ruin By Online Loan App, Don't Know How To Break Free by DamnnNiggarr: 4:19pm On Mar 12, 2022
shocked

You don't have to worry about eazycash and Ocash because, FG has dealt with them.

But on a more serious note, you can begin now to pay by installment.
shortIGBOman:
Hmmmm
Chairman sir!
Longest time?
Is like you're also a debtor like the op?
I may be of assistance in clearing of your loan tongue tongue tongue
What do you think?

7 Likes 3 Shares

Re: Ruin By Online Loan App, Don't Know How To Break Free by Abfinest007(m): 4:20pm On Mar 12, 2022
U should be dancing because some of d loan u just mentioned has been closed down

12 Likes 2 Shares

Re: Ruin By Online Loan App, Don't Know How To Break Free by englishmart(m): 4:20pm On Mar 12, 2022
Those loan app guys are criminals. Their interest rates are criminally extortionate
I once took a loan from an online outlet #4000. The interest was 2000, i.e 50%. I deliberately took that loan, I wanted to see what my defaulting to pay back was capable of attracting. They called, I took the call, the lady was like "Your debt is overdue, when are you paying" I told her I didn't know, and didn't care. And btw you have a very beautiful voice. Tell your boss to tell his boss that I won't pay."


They sent texts in thousands,I didn't even care. They threatened to to defame me, hack into my contact and inform them I was a fraudster. They were also coming to arrest me. I told them there's nothing to defame. Buhari is owing, Nigeria is also owing.
After some months, they moved from using threats and scurrilous language to entreating. They even said I could pay by installments. Installment ko, installation ni? sad Because of them I stopped taking calls from numbers I didn't have on my contact. Later they said I should pay 4000 and they will waive the accumulated interests.
"Ehen, na now una come. Send me the account number."
I transferred the money to them.
I later checked their app to know my eligibility status, or to see if I could take a higher loan. Lo and behold, I was dishonorably blacklisted.
Wetin concern me.
Some will even go as far as asking for your card detail. Yahoo boys have gone better.

135 Likes 8 Shares

Re: Ruin By Online Loan App, Don't Know How To Break Free by inoki247: 4:21pm On Mar 12, 2022
lol no too worry FG don go raid derr company so u are loan free like diz undecided undecided
Re: Ruin By Online Loan App, Don't Know How To Break Free by Jalinspy(f): 4:21pm On Mar 12, 2022
Bros na u just dey worry urself. I was in a much bigger mess than u but I broke free when soko loan double debited me. I wrote mails and call them tire. The refused to return my money.
Then I took the decision to borrow as much as possible from non registered loan apps up to the tune of over 200k.
It helped me renew my international passport & I used the remaining complete my Japa movement.
Today I am happily living where I am.
My advice to is: ignore there calls,threats,etc.
Download true caller so u can easily identify their spam calls.
Better get strong mind.

91 Likes 6 Shares

Re: Ruin By Online Loan App, Don't Know How To Break Free by Bounceboune7: 4:21pm On Mar 12, 2022
I think at this stage u should recheck d way u spend or try to cut your cloth according to the size of the cloth.

That is over 230k within 2 weeks

6 Likes

Re: Ruin By Online Loan App, Don't Know How To Break Free by smile11s(m): 4:21pm On Mar 12, 2022
Duke007:
Hi every one, l have been a nairalander for over 10 years and have seen people get advised here, thats why l am putting this up with my account.
I am not blaming anybody for my predicament, neither do l blame the loan app company for their shark like business sytle, l take responsibility for my actions. I am one of those people who criticized people for Falling into the trap of online loan company. It's basically a rat race syndrome and tends to take you deeper and deeper from the seemingly innocuous first attempt.

It all started when my side hussle of buying and selling food stuff suffered a decreased in cost of replacement due to inflation and my sales boy stealing my money. I took my first loan to boost my business and realized that the cost of the loan is high. Since then, it's been a malicious cycle of robbing Peter to pay Paul. I realized that l was lossing money in each transcation and in order to meet up with my payment to avoid defaulting, l resorted to other loan company. Now, l don't even no what to do, all cash injection coming to me is spent on servicing the loan. I can't even feed my family and pay my children school fees. I am tire of this scenario and want to break free. It has taken a toil on me physically, mentally and spiritually.

I seek advice from people who have gone thru this ugly experience on how to break free before it is too late. Below is the list of my indebtness:

Ucredit #22,976. 15.03.22(due date)
Oxloan #26,250. 17.03.22
Lcredit #60,000. 17.03.22
Eazycredit #58,904. 21.03.22
imoney. #20,242 24.3.22
Okash #42,416. 31.3.22

I welcome any useful suggestion on how to break free. Thanks

Chai sorry.

There is a debt/loan concept called Loan Consolidation

Consolidation means that your various debts, whether they are credit card bills or loan payments, are rolled into one monthly payment and one loan. If you have loans, consolidation may be a way to simplify or lower payments and only owe one debtor. But, a debt consolidation loan does not erase your debt.

https://gist.am/question/i-am-ruined-and-indebted-by-online-loan-apps-dont-know-how-to-break-free
Re: Ruin By Online Loan App, Don't Know How To Break Free by bigsmoke2(m): 4:21pm On Mar 12, 2022
Find an asset to use as collateral and borrow from relatives to avoid interest accumulation then pay back gradually.
Re: Ruin By Online Loan App, Don't Know How To Break Free by talktimi(m): 4:22pm On Mar 12, 2022
The accounts of those companies have been frozen, they're not even recognised by the CAC or CBN. Focus on your family and business for now, they can't do jack apart from embarrass you

30 Likes 1 Share

Re: Ruin By Online Loan App, Don't Know How To Break Free by phemmyfour: 4:22pm On Mar 12, 2022
Duke007:
Hi every one, l have been a nairalander for over 10 years and have seen people get advised here, thats why l am putting this up with my account.
I am not blaming anybody for my predicament, neither do l blame the loan app company for their shark like business sytle, l take responsibility for my actions. I am one of those people who criticized people for Falling into the trap of online loan company. It's basically a rat race syndrome and tends to take you deeper and deeper from the seemingly innocuous first attempt.

It all started when my side hussle of buying and selling food stuff suffered a decreased in cost of replacement due to inflation and my sales boy stealing my money. I took my first loan to boost my business and realized that the cost of the loan is high. Since then, it's been a malicious cycle of robbing Peter to pay Paul. I realized that l was lossing money in each transcation and in order to meet up with my payment to avoid defaulting, l resorted to other loan company. Now, l don't even no what to do, all cash injection coming to me is spent on servicing the loan. I can't even feed my family and pay my children school fees. I am tire of this scenario and want to break free. It has taken a toil on me physically, mentally and spiritually.

I seek advice from people who have gone thru this ugly experience on how to break free before it is too late. Below is the list of my indebtness:

Ucredit #22,976. 15.03.22(due date)
Oxloan #26,250. 17.03.22
Lcredit #60,000. 17.03.22
Eazycredit #58,904. 21.03.22
imoney. #20,242 24.3.22
Okash #42,416. 31.3.22

I welcome any useful suggestion on how to break free. Thanks
Break your phone and cut ties with internet world

6 Likes

Re: Ruin By Online Loan App, Don't Know How To Break Free by Chillext(m): 4:22pm On Mar 12, 2022
Duke007:
Hi every one, l have been a nairalander for over 10 years and have seen people get advised here, thats why l am putting this up with my account.
I am not blaming anybody for my predicament, neither do l blame the loan app company for their shark like business sytle, l take responsibility for my actions. I am one of those people who criticized people for Falling into the trap of online loan company. It's basically a rat race syndrome and tends to take you deeper and deeper from the seemingly innocuous first attempt.

It all started when my side hussle of buying and selling food stuff suffered a decreased in cost of replacement due to inflation and my sales boy stealing my money. I took my first loan to boost my business and realized that the cost of the loan is high. Since then, it's been a malicious cycle of robbing Peter to pay Paul. I realized that l was lossing money in each transcation and in order to meet up with my payment to avoid defaulting, l resorted to other loan company. Now, l don't even no what to do, all cash injection coming to me is spent on servicing the loan. I can't even feed my family and pay my children school fees. I am tire of this scenario and want to break free. It has taken a toil on me physically, mentally and spiritually.

I seek advice from people who have gone thru this ugly experience on how to break free before it is too late. Below is the list of my indebtness:

Ucredit #22,976. 15.03.22(due date)
Oxloan #26,250. 17.03.22
Lcredit #60,000. 17.03.22
Eazycredit #58,904. 21.03.22
imoney. #20,242 24.3.22
Okash #42,416. 31.3.22

I welcome any useful suggestion on how to break free. Thanks
Bros you dey learn for where I dey

35 Likes 2 Shares

Re: Ruin By Online Loan App, Don't Know How To Break Free by JONNYSPUTE(m): 4:22pm On Mar 12, 2022
...Go thank the FG for what they have just done. grin

1 Like

Re: Ruin By Online Loan App, Don't Know How To Break Free by kingphilip(m): 4:23pm On Mar 12, 2022
You're owing a little over 230,000 and that's quite huge.

Check the list of companies that have been clamped down by government and deduct the amount you are owing them and just glance as someone above suggested, check your contact and write out 20-50 persons who can help you with 2-3k and pay off the loan companies that are genuine you are not owing. The balance of the loan you can sell off some of your gadgets to pay them off.

Don't forget to pay off this below guy's own too sha.

Satan01:
The 1 wey u borrow from me nko u dey use long spoon dey dine with me Abi ??

12 Likes

Re: Ruin By Online Loan App, Don't Know How To Break Free by ahnie(f): 4:23pm On Mar 12, 2022
Congratulations federal govt just dragged their blokoses

21 Likes 1 Share

Re: Ruin By Online Loan App, Don't Know How To Break Free by Sirchiboy: 4:23pm On Mar 12, 2022
Duke007:
Hi every one, l have been a nairalander for over 10 years and have seen people get advised here, thats why l am putting this up with my account.
I am not blaming anybody for my predicament, neither do l blame the loan app company for their shark like business sytle, l take responsibility for my actions. I am one of those people who criticized people for Falling into the trap of online loan company. It's basically a rat race syndrome and tends to take you deeper and deeper from the seemingly innocuous first attempt.

It all started when my side hussle of buying and selling food stuff suffered a decreased in cost of replacement due to inflation and my sales boy stealing my money. I took my first loan to boost my business and realized that the cost of the loan is high. Since then, it's been a malicious cycle of robbing Peter to pay Paul. I realized that l was lossing money in each transcation and in order to meet up with my payment to avoid defaulting, l resorted to other loan company. Now, l don't even no what to do, all cash injection coming to me is spent on servicing the loan. I can't even feed my family and pay my children school fees. I am tire of this scenario and want to break free. It has taken a toil on me physically, mentally and spiritually.

I seek advice from people who have gone thru this ugly experience on how to break free before it is too late. Below is the list of my indebtness:

Ucredit #22,976. 15.03.22(due date)
Oxloan #26,250. 17.03.22
Lcredit #60,000. 17.03.22
Eazycredit #58,904. 21.03.22
imoney. #20,242 24.3.22
Okash #42,416. 31.3.22

I welcome any useful suggestion on how to break free. Thanks
..
How old are you and where are you from?
Re: Ruin By Online Loan App, Don't Know How To Break Free by Efulefu(f): 4:23pm On Mar 12, 2022
T

Just delete them from your phone

1 Like

Re: Ruin By Online Loan App, Don't Know How To Break Free by ravetechng: 4:23pm On Mar 12, 2022
Sad, you have to stop.
Re: Ruin By Online Loan App, Don't Know How To Break Free by Holumhidey(m): 4:23pm On Mar 12, 2022
Just go to third mainland bridge
Take your shoes and wrist watch off
Then take a leap of faith into the lagoon

5 Likes 2 Shares

Re: Ruin By Online Loan App, Don't Know How To Break Free by Seylad2009(m): 4:23pm On Mar 12, 2022
The only way out is to be determined and, be ready to starve yourself to pay up.
Afterwards, resist the temptation of borrowing money from the loan app.
Re: Ruin By Online Loan App, Don't Know How To Break Free by SILVERLINES: 4:23pm On Mar 12, 2022
cheesy
Re: Ruin By Online Loan App, Don't Know How To Break Free by PrinceMajestic: 4:24pm On Mar 12, 2022
I wonder how people use these loan apps with their clear eyes. The only way you can break free is pay up the damn loans don't disturb our life here

10 Likes 2 Shares

Re: Ruin By Online Loan App, Don't Know How To Break Free by OBTMOS(m): 4:24pm On Mar 12, 2022
Sorry
Re: Ruin By Online Loan App, Don't Know How To Break Free by shortIGBOman: 4:24pm On Mar 12, 2022
Hmmmm

1 Like

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