I will attach some screenshots now, I would help share this for wider coverage.

The reasons why I shake my head when some Nigerians deliberately take loans they know there's no means of repayment and still go about saying the loaners should do their worse.

Ignorance is never an excuse. There's no free money anywhere, you will repay one way or the other and certain things still work in Nigeria.

She said it all.

Cc: lalasticlala, mynd44 help push this for more people to see and learn.

Interesting, young people should be careful

The new epidemic in town is excessive loan takers.

It happened to my friend 9years ago.

He collected a loan at Oceanic bank and when Ecobank took over,he knowingly stopped his repayment thinking that the merger was away to narrowly escape paying up his loan liabilities so, as time went by,he started a business and when he needed a loan,he approached diamond bank at wuse zone 4 and the bank went further to check him up at Credit Burea...men,this guy was owing money he never expected with so much compounded interests.

He had no other option but to pay but the bank refused to grant the loan until he was able to prove to them in subsequent application that he was capable.


Young men,pls be careful oh.

ibechris:
The new epidemic in town is excessive loan takers.

It happened to my friend 9years ago.

He collected a loan at Oceanic bank and when Ecobank took over,he knowingly stopped his repayment thinking that the merger was away to narrowly escape paying up his loan liabilities so, as time went by,he started a business and when he needed a loan,he approached diamond bank at wuse zone 4 and the bank went further to check him up at Credit Burea...men,this guy was owing money he never expected with so much compounded interests.

He had no other option but to pay but the bank refused to grant the loan until he was able to prove to them in subsequent application that he was capable.


Young men,pls be careful oh.

Thank you, most people think because anything goes most times in this part of the world, the money they loaned without repaying won't be demanded for.

There are a lot of such threads here on Nairaland where they encourage themselves not to pay as nothing will happen. Reasons I had to share this so people learn.

Story ..boys continue collecting loan jare

WE WILL CONTINUE TO COLLECT UNTIL WE ARE ALRIGHT

mespusinglez:
WE WILL CONTINUE TO COLLECT UNTIL WE ARE ALRIGHT

With unpaid loans, you can't be alright.

She is wrong even though i don't support taking of loans.

Loan apps stops interests on loans after about two weeks or one month.

No loan app will accumulate your interest for more than 1 month.
Once you took a loan and you don't pay back, they add interests to it but after about 1 month they stop adding the interest, though it varies with different companies.

I know of a loan app that stops adding interest after three weeks.

It kind of makes sense because if someone can't pay you, what makes you think he will then pay you back including interests that has almost tripled the money. Isn't that wickedness and devilish?
I know it's bad to take loan and not pay but any load company that is adding instrests up to more than 2 months to one year must be closed by the government.
That's blatant wickedness.

Rechargeam247:
With unpaid loans, you can't be alright.

WHY CAN'T I BE ALRIGHT.....

These loan apps are greedy. 30-35% interest.

don't take loans if U can't pay though it's almost like they are asking for it.

ibechris:
The new epidemic in town is excessive loan takers.

It happened to my friend 9years ago.

He collected a loan at Oceanic bank and when Ecobank took over,he knowingly stopped his repayment thinking that the merger was away to narrowly escape paying up his loan liabilities so, as time went by,he started a business and when he needed a loan,he approached diamond bank at wuse zone 4 and the bank went further to check him up at Credit Burea...men,this guy was owing money he never expected with so much compounded interests.

He had no other option but to pay but the bank refused to grant the loan until he was able to prove to them in subsequent application that he was capable.


Young men,pls be careful oh.

na lie you dey talk...e be like say u dey work with loan app....you think say Nigerians go fear

SugarDdaddy:
She is wrong even though i don't support taking of loans.

Loan apps stops interests on loans after about two weeks or one month.

No loan app will accumulate your interest for more than 1 month.
Once you took a loan and you don't pay back, they add interests to it but after about 1 month they stop adding the interest, though it varies with different companies.

I know of a loan app that stops adding interest after three weeks.

It kind of makes sense because if someone can't pay you, what makes you think he will then pay you back including interests that has almost tripled the money. Isn't that wickedness and devilish?
I know it's bad to take loan and not pay but any load company that is adding instrests up to more than 2 months to one year must be closed by the government.
That's blatant wickedness.

I no say na loan app u dey work for...Una don registered under Nigeria law?

SugarDdaddy:
She is wrong even though i don't support taking of loans.

Loan apps stops interests on loans after about two weeks or one month.

No loan app will accumulate your interest for more than 1 month.
Once you took a loan and you don't pay back, they add interests to it but after about 1 month they stop adding the interest, though it varies with different companies.

I know of a loan app that stops adding interest after three weeks.

It kind of makes sense because if someone can't pay you, what makes you think he will then pay you back including interests that has almost tripled the money. Isn't that wickedness and devilish?
I know it's bad to take loan and not pay but any load company that is adding instrests up to more than 2 months to one year must be closed by the government.
That's blatant wickedness.

I no say u dey work for loan ...Una don registered under Nigeria law?

fabianiyobosa:
These loan apps are greedy. 30-35% interest.

Taking it is a choice.

Rechargeam247:

Taking it is a choice.

My phone keeps ringing everyday and a voice would mention a name in my phone contact who took loan from them and won't pay back. They said my name was used as guarantor and my BVN would be bla bla bla if i don't compel the said person to pay up.

Why do they embarrass debtors like that? They guy might lose the trust of people.

So!
I go there to borrow 200million and dem refuse to give me because my bvn has been flagged, so!
We still no go pay!

The same way Buhari have mortgage the future of Nigeria with loans Nigeria cannot pay for the next 20 years.

Those loan apps are they officially registered with the CBN?

asanausana91:
Those loan apps are they officially registered with the CBN?

They are criminals undertaking illegal business in Nigeria

Fraud everywhere you go!

Some people go just spoil their future with their hands just because of wat they will eat this minute

some have turned it to career