God1000:
Why killing himself

ibechris:
I don't pity him.

How can u go to someone's shop to collect what u can't pay back.

I personally, is on loan of about 4.4million for 5years.

If I can't pay my loan,I will meet my bank for restructuring

Mihzwhitesutana:
Do loan apps allow for loan restructuring if someone is unable to meet up?
Well I don't think what the op is talking about is even the loan.

He is talking about encroaching on people's data by all these pre-installed apps on these android phones. Especially palmpay and palmchat and co

I believe the op is telling the truth because once you borrow from those loan apps, you discover many text messages from other loan companies asking you to come and borrow more for them. Where did they get your number from?

When you dig deep, you discover all these most of these companies belong to one organisation. They know you are owing but they will still cajole you with other numbers on text messages and WhatsApp and text to come and borrow money.
If you don't use your head, you will now be borrowing from one loan app to pay another loan app thereby getting sucked in a loan chain. I hope I made sense sir?

ibechris:
I don't pity him.

How can u go to someone's shop to collect what u can't pay back.

I personally, is on loan of about 4.4million for 5years.

If I can't pay my loan,I will meet my bank for restructuring and other best ways to offset it...not when after u have agreed to use their money to lessen your burden,then u now starts avoiding them.

My mum used to say,agreement is agreement.

Last warning:
Avoid loans when u can't pay. It is only irresponsible govts that fights loan sharks,are there no loan sharks in advance countries?

Rest in peace to him because I am sure Nigeria failed him not loan sharks.

Let govt start given graduates seed funds after graduation to assuage the financial difficulties we go through as a people.

AfahaAbia:


Sometimes it's not their fault. I personally I'm presently servicing a loan of 8 million naira with UBA.. Now I'm presently bombarded with loan offers from GTB and Zenith bank(2m each). If I'm not disciplined I may be tempted to take loans from them too.

gbaskiboy:
Why take loan you cannot repay? This is the simple agreement between the loan company and the customer when you borrow pay and you will be given time to pay and interest. If after reading their terms and conditions you still go ahead to borrow and you renege payment and you think they will take it easy with you is a joke, they are in for business to make profit not to lose. No commercial banks can borrow you 100k, without collateral, when they borrow you, they don't ask for collateral and they give it to you with hope you pay when due, but you collect and refuse to pay.

harmargedon:
pray that what led to his death doesn't visit you. [b]No man is to big or too small, too smart or too principled to be tested by the universe[\b]

gbaskiboy:
Why take loan you cannot repay? This is the simple agreement between the loan company and the customer when you borrow pay and you will be given time to pay and interest. If after reading their terms and conditions you still go ahead to borrow and you renege payment and you think they will take it easy with you is a joke, they are in for business to make profit not to lose. No commercial banks can borrow you 100k, without collateral, when they borrow you, they don't ask for collateral and they give it to you with hope you pay when due, but you collect and refuse to pay.

Rexymania:
If I tell you how much I dey owe, you go dey weep for grave. I'm owing 100+ since two years ago. Dem no dey even call again lol

11thGoldTREE:
It's been a while I last heard about him only to meet one of our friends after jumat today.
He told me a loan company Easy Buy threatened him with all sort of messages. And to his contact.
He mentioned how the guy kept borrowing from one loan company to offset another loan company.

When he was fraustrated about life and confide in few people. He committed suicide

I think this is the time to stop all these Chinese loan companies. Let's be honest with ourselves Nigerians are being held by the throat by these loan companies. When they didn't exist, there was no rampant suicide rate in Nigeria.

These same companies are all owned by the same people. XCROSS, Jumia app, Easy-buy, Palm Credit, Palm Pay .
Some are even pre-install apps on on all these android phones and synchronize people's data automatically.

The Federal Government and NCC should please look into this.
These Chinese people with their phones should not be able to take peoples data willfully even apart from their loan app should not blackmail Nigerians and giving them loans they might be able to afford to pay back.

harmargedon:
pray that what led to his death doesn't visit you. No man is to big or too small, too smart or too principled to be tested by the universe.

Rexymania:
If I tell you how much I dey owe, you go dey weep for grave. I'm owing 100+ since two years ago. Dem no dey even call again lol

abokikhalifa:
Na to go borrow 10 million then i run to Togo to starty family be that na.

AfahaAbia:


Sometimes it's not their fault. I personally I'm presently servicing a loan of 8 million naira with UBA.. Now I'm presently bombarded with loan offers from GTB and Zenith bank(2m each). If I'm not disciplined I may be tempted to take loans from them too.

AroOkigbo:

And you are happy? That's someone's money, please make plans to pay up.

gbaskiboy:
As you see me so, I don't go beyond my power, Sapa dey blow me but I still dey maintain myself

Kobicove:


My friend keep quiet, any small thing you people will bring nonsense sentiments into it.

If you borrow you make sure you pay back. If you do not have the means to pay back then don not borrow. Simple!

Anytime I remember my money that is tied up with bastards that I loaned money I just get angry!