Oyerinde16:


You answered yourself there, you don't have the right to give it out, once you do, dont blame soko when u default...

jackslow:
thank you 4 this Information, let me go N collect 50k

VforVendetta:


Never in my years have I seen or heard such nonsense as saying that a borrower is under no legal obligation to repay a loan!!!

You sir shall die in poverty for willfully encouraging people to commit theft!

If you want to be a thief then be a thief but do not recruit others to join you in your journey of perfidy!

Your employers shall refuse to pay your wages and claim they are under no obligation to do so.

If you ever set up a business, your clients or customers shall enjoy services from you then turn around and refuse to pay by claiming they are under no legal obligation to do so.

You and poverty shall be like siamese twins for the rest of your miserable life!!!

bangalee1:

Speaking about image tarnishing and violation of human Rights some of their agents will come here and defend them all in the name of "You got loan and don't want to pay". Most of the story lines I read online are not only those that got loans, some just tried to register and in the process the card got linked to the site and boom they started getting debit alerts. In some cases customers genuinely willing to pay up these loans can't make transfer due to the lapses on the side of these loan sharks intentionally or not but making the customer loan default then charges starts adding up. For you to want to hurry up and pay your loan they surely know you are scared of they calling or texting your contacts so they will use that against you and claim you never wanted to pay the loan.
As for some of the apps that are good and have listening ears, they give customers different options of payment like ussd, transfer , apps and paystack with this you will know whosever defaults really doesn't want to pay or has another reason not that the customer has the money mad your company modes of payment is a flop.
It's really terrible we have found ourselves here and these people are using the economy situation of the country to milk innocent Nigerians. Banks like Zenith Bank who offer ussd loans with duration of a month will never call even your next of kin when you default, they willl auto debit you and if they can't after another month they will call you on phone (to know if you are aware the loan is due). Most of these loan sharks have fake ads that looks too good to be true, Terms and conditions are not always stating the extents they will go when customers default.
My Advice for those of you working with these companies, Lots of people are frustrated due to the damages caused by your employers you should pray for a better Job not to defend your employers illegitimate means of making money.
Guys if you have other means of getting money for emergency needs try and get else where and don't see these loan sharks as an option. You can sell your gadgets or seek for help from someone you can trust.
It's a pity the country is where it is today. People are suffering, depressed and fed up. I know of guys ready to "eat" them raw when they get hold of any of these loan sharks employees so you better keep low profile instead of coming on nairaland to defend your bosses as if the pay is worth your life. I pray for a better Nigeria

MrFollowFollow:


Yes I have made business trips to Spain and Germany before

MrFollowFollow:


You can do your research to get that information yourself, I won't be the one to disclose it to you much less on a public forum

MrFollowFollow:


In Europe when people borrow they pay on due date, they don't wait for you to start chasing them around before they make payment

In Europe if you borrow and refuse to pay back it goes on your record and your will never get credit from any other company.

In Europe if you borrow and refuse to pay back it will adversely affect your chances of getting a job

In Europe if your borrow and refuse to pay back your insurance premium will be higher that that of people who have good credit score.

In Europe if you borrow and refuse to pay back no landlord wil want to rent an apartment to you

MrFollowFollow:


What exactly is your grouse with the company?

Is it because it's owned by the Chinese?

I hope you're aware that some loan companies are owned by Nigerians

jackslow:
you're getting it all wrong, the government has set procedures for loan recovery the companies must follow those procedures they can't just take laws into their hand and get away with it, I'm telling you they can't do this outside Africa.

Secondly the borrower did not give those contacts to them in any document unless in few cases where they request the bower to give fill in one or two contacts.
We need a law abiding society both the companies and the borrowers must obey the law

Oyerinde16:


I understand you perfectly, the one who messed the family name up completely is your brother, he entered agreement without consent of family and friends, yet gave out their numbers, he went on to default again... Putting you all in this mess.

1. It is wrong to put peoples number in deals they aren't aware/consent to. It is assumed by the loam company that you fully understand the implications of gibing out this contacts before agreeing to it. Once your brother agrees, this indemnifies the loan company.

You can't pat your brother who took out loan spent it carelessly and failed honor his contractual agreement by defaulting and go ahead to crucify the loan company... You are supposed to warn your brother seriously never to try such nonsense again...

It means if your brother use your house and cars to take a loan without your consent because he has the documents, you will not blame him, instead you will ask the loan company if why they took over your property cos you were not there when when your brother mortgaged your property... Your brother should take full responsibility and apologise to you guys all. .

Oyerinde16:


I understand you perfectly, the one who messed the family name up completely is your brother, he entered agreement without consent of family and friends, yet gave out their numbers, he went on to default again... Putting you all in this mess.

1. It is wrong to put peoples number in deals they aren't aware/consent to. It is assumed by the loam company that you fully understand the implications of gibing out this contacts before agreeing to it. Once your brother agrees, this indemnifies the loan company.

You can't pat your brother who took out loan spent it carelessly and failed honor his contractual agreement by defaulting and go ahead to crucify the loan company... You are supposed to warn your brother seriously never to try such nonsense again...

It means if your brother use your house and cars to take a loan without your consent because he has the documents, you will not blame him, instead you will ask the loan company if why they took over your property cos you were not there when when your brother mortgaged your property... Your brother should take full responsibility and apologise to you guys all. .

Oyerinde16:


A defaulter is a criminal, I maintain my stand, defaulters in civilised climes pay heavy fines and sometimes go to jail, You do not enter agreement you aren't capable of fulfilling, And in the event you may default, you communicate ahead to either restructure of find other means of avoiding embarrassment, most of those embarrassed are this who failed to reach out to the company on time and even ignored reminders sent to them and still did not pay until time elapsed... Stop defending stupidity cos it favors u...

Oyerinde16:


My brother I don't know soko from anywhere, but I'm pretty sure if they take up the case they will win, I see a case of bullying here...


You cannot collect my loan, refuse to pay, and still slam me fine because I'm using every means available to recover my money... Typical case of Nigerians.... They will cry crocodile tears accepting any terms even using Ogun to swear, once they collect the money and squander it, that's all, they lock up.... If you try to recover your money, they slam you fine, beat you up and even use connections to lock you up... We will never grow with this mentality...


I'm very surprised people can come to the defence of a defaulter...

Oyerinde16:


Even if it's 100% interest in 2 days, as much as them no force you and you read the terms and agreed to it... My brother they helped your life at your time of need... So do well to honor what you agreed, don't agree, collect the money, spend it and come back with they contacted my contacts...

starstaz:
People should clearly understand that the business climate of this country is awry and hostile to small business owners. Can any banks gives you a loan of ordinary N1000 without a collateral, so we should give this loan shark company a brake to use all resources available to them to claim their money back when their client defaulted in payment. Their ability to give ,evil loan, to dick and array is their only weapon of credibility and fame. Hence nobody should run them down by defaulting regardless of someone's circumstances of hard life. If problems surfaces that you can't meet your payment schedule, the right thing to do is to call the evil loan shark for possibility of loan rescheduling to avoid unnecessary embarrassment. They are evil but are doing magnificent jobs in providing financial cover or defence for those who need helps, emergency help at a critical time and save you embarrassment of going to your contact to explain the need why your friends and family should borrow you urgent 10k to solve personal issues.

somehow:
Best for them to do a collateral enabled loan option.

You default, you pay 1% daily for 2 weeks, after 14 days, your collateral is sold, they remove what you owe them and return the rest.

Simple.

Deicide:
They are the reason we was blocked from Paypal because of scammers, they are the reason I can't spend more than 100$ internationally monthly. They are the reason why I have lost and find it hard to receive payment for remote jobs. All in the name of playing smart and tricking people. Rubbish

Deicide:
I don't support this! Nigerians are very stubborn and always like to play smart. I support soko loan.

futuremoma34:


Sorry guys,I just wanted to know if this group is still alive...Lol

Thugnificent:
They should not be only fined but closed down

halogate:

Hahaha...
1 down...many more to go!!

androidFather:


Free money they gave FG during Covid, FG gave it to you as loan and you plan to payback? FG is very wicked. Not everybody will pay this loan especially the northerners will be given free but will pressurize southerners to pay.

winningwinner:


You mean they are not under regulations?;