₦airaland Forum

I made a post here which the MOD moved to the business section and since I just created this account I can't comment on it.

I just want to make something clear, I'm not lying or just made it up or trying to seek for sympathy or people to help me pay because I led myself to this stage and I will bear the brunt fully myself.

Why I find it hard to open up to my wife is because little things make her cry and I sincerely don't want her to shed tears for my sake. I will find a way even if not 100% completely honest to tell her about what's going on. I onced told her and I was able to pay off, I feel terribly ashamed to tell her I have gone back to get the loans again.

I want to appreciate those who really took time to give me some good advice. I will by God's grace pay these apps and God's willing this will be the tonic I need to be a better person.

I want to also say I didn't use the money for gambling. Let me explain how i got myself into this mess.

I do job for people and computer. I'm into Information technology, I do installations like CCTV, dstv, etc. So I do get money from clients to buy stuffs for them.

So one particular day I got like 100k to pay subscription for someone, I have this place I do go to watch ball and chill, so met some guys before you know I was into the 4th bottle.

And anytime I'm high, I spend anyhow, before I can get back to my senses almost all the money have gone. So I need to subscribe for the man and I don't have any reserve to fall back to. That's when I started borrowing form these apps. Now pandemic came business wasn't moving, I just have to keep returning to them.

Why I'm so angry with myself is there were times I will get some money, instead of me to prioritise clearing the loans, I still go back to hangout and have a good time.

I love the bad comments because I really need them. With what I make annually I should be very very comfortable but I don't have anything to show for the year I have been working since leaving school.

So I just want people to understand I am tired of trying to be solicits for help. I'm not begging.

All I'm asking for is for ways to come out of this.



God bless you all.

Okay. I have to use smart phone because of my line of work. I will find a way to tell my wife and seek therapy

Kutunban:
Tell her the truth, that's why she is your wife. "Tell the truth and it will set you free". Your major challenge is low self esteem, I use to sponsor friends too extravagantly. But in my case I don't collect loans but very wasteful and I had to reprimand myself, I was also into Marijuana and Alcohol but I didn't want to end up being a low life. Discard your smart phone for a certain period except if you use it for work.

I don't think I have low self esteem. I just don't know how to say know. I'm this kind of person that has free hands I can give out my last kobo just to make someone happy to my self detriment.

Prettiepearlz:
First thing first you need therapy, try to go to the nearest government hospital to get one. You also need a financial advisor. That being said since you said in your post that you have a good income, I suggest you go to one of the other financial institutions to consolidate your loan into one. If your income can take it, your loan would be approved and they would buy over your existing loans, you will be remitting your repayment monthly but that's if your credit score is not bad. But I heard some don't use credit report. Now after successfully getting a financial institution to buy over your loans, you must be disciplined and be strong willed so you don't go back to borrowing from those apps else, you're setting yourself up for failure.

Thanks. Do you know any of these financial institution I can approach to consolidate my loans. I have to get the therapy, not just because of the loan but to sort out the root cause of the problem.

I grew up in a home where we couldn't afford most things and I so much hated it, so I really don't know how to handle lack.

ibechris:
This is the time to prioritised your loan seriously and as a married man, inform your wife about it. Marriage is like a football team,if the team does not play well,the coach being the Head of the team will bear the brunt. Now,u are the Head of the family and u are facing the consequences now.

Remember a closed mouth is a close destiny therefore,leave ego or fake life now it will rather aggravate your problem. The more you borrow from one app to pay another app, it will end up elongating your loan from one week to another another to even months thereby compounding your interest at your peril.
What it means is that you are simply not getting money from your source to pay off those liabilities but loans.

Draw out a plan and start paying off these loans starting with the smallest amount.

GOOD LUCK TO U.

Thanks

ibechris:
Just like crossing oshodi express and cross back severally without making any head way.

Yes. I'm just running in a circle. I want to break out that's why I'm here to seek for ways to do that...

I'm a very private person, for me to come out means I'm tired

[quote author=Chasegb post=109296168][/quote]Seriously I pity my wife because she will be the one mostly traumatized by any embarrassment.

I have to find a way to clear the debt. I just pray to do it fast enough before I drag her into any mess.

eteebanky1:
when you know you'll be unable to pay back a loan, why did you borrow in the first place fool

na people like you dy make all this loan apps get into bad books

I have been repaying. Most these loans are current running loans. So it's not as if I'm not paying. The challenge is when I pay I reapply because I need to pay another app. So the money keeps swelling

Please in case anyone wants to buy a home theatre, I have a Sony home theatre to sell. Will post the picture when I get home.

Sucre6:
Op have you heard what is called vicious circle of poverty?

You just succeeded in enslaving yourself.

The only deliverance you need is strict discipline, a wise man ones said

Many people spend money they don't have, to buy things they don't need, to impress people they don't know or like

Solution, sale a property worth that amount, clear your debt, take pains buying the property you sold back, after then you apply discipline and strictness when or comes to money. Cheers

Don't even have any tangible property but I have a home theatre, a giant fridge and a big gen. If these three items can get me close to the amount I won't mind selling them off.

Omihanifa:
To start with, you are the architect of your own misfortune. You were borrowing to BALL who does that in this present day Nigeria?

Anyways, of all the loan apps you are owing your number one headache should be FAST MONEY (sokoloan) they will so disturb you, insult your and even post your obituary while you are still alive. all in the name of recovering their money back.

My advice for you now if you know say you never get any of their money is to run and disable your social media accounts because they will find you and start sending messages to your friends.

Another way out is to first be paying the smaller loans first before moving to the bigger ones.

Wish these loan sharks can listen to someone and agree on a repayment plan for me. If I can just like a month straight I believe I can hustle to pay everything but they won't give someone breathing space. I don't blame them because I went to them and I have to face the music.

Born2Breed:
Don't go and kill yourself eh. Even Nigeria dey owe.
This phase will pass trust me. Just find a good hustle to make money and in no time you will clear the debts. Stop taking other loans.

With life there is hope!

Thanks. I just can't wait to get out.

bigjackass:
why evuls na . Op just do everything in your power to pay the loans back. You are even lucky that you have a means of income so there is still hope. Every month when you receive your salary, forget all luxuries, even alcohol, just remove only your feeding and transportation and use the rest to pay the loans. Don't even buy clothes. You should even your clothes if possible . Sell anything sellable that you have to clear the debt. When you are debt free, then you can start again from the scratch .

I have some few stuffs I can sell but my wife is the issue because I keep denying of taking any loan whenever she gets any message from them because I used her account to borrow from palmcredit.

She and my baby traveled and I'm tempted to dispose some few things like my home theatre, gen and fridge.

For me I don't mind selling everything to clear these debts and start over because I believe within six months I should be able to replace everything.

How do I handle my wife is my main concern because I have been lying to her

jeffizy:
You are just like a close friend of mine. He lives for these loan companies. His daily job is to look for money to pay up due loans.

Now, I'LL share the same advice I gave my friend too.

Immediately you sort one out, delete the app on your phone. Isolate yourself from those habits that lead you to borrow.

Think of how your family is affected by such habit and think of how far you might have grown financially if you didn't commit to those companies.
Only you can help you. It takes dedication.

Thanks

Eketem:
You need to speak with a therapist. Go to the closest teaching Hospital or Government hospital and ask to see a social psychologist. You need to get to the bottom of the problem, probably maybe trauma from growing up in lack. Till you find the issue you will keep borrowing.

OK will try this. Thanks

I just need someone to scold me badly, maybe it will help me get sense.

Seriously I can't just believe at my age I still do the things I do.

Right now I am in deep hole of debts from these loan apps. Can you imagine someone taking loans from more than 10 apps? Yes that someone is me.

Presently if I should add up all the loans it will be close or more than 500k. The annoying thing is this is like 3yrs now I have been struggling with these apps.

I once was able to clear all the loans but like a dog going back to it's vomit, I still went back to them (I seriously need delivarence).

Why I'm so ashamed of myself is because I didn't take these loans mostly because I don't have a good source of income but because I don't know how to save and I am very extravagantly wasteful. I loving feeling rich, I can buy beer and flex anyone those I know and those I don't.

Thought getting married will help but for where like I got worst after that.

I seriously don't know how to come out of this mess I dragged myself into. Because these loan apps will only give you 7days loan with very high interest. I have been servicing these loans throughout last year and I don't want to continue this year.

I have already spent more than 200k this month alone on interest alone because I have to borrow again to be able to pay others.

I'm owing the following apps:
1. Fastmoney 70k
2. Imoney 50k
3. Gocash 38k
4. 40k
5. Palm credit 70k and counting this is long over due.
6. Kuda 50k
7. Next credit 21k
8. Mint loan 35k
9. 9jacash 12k
10. Add money 9k
11. Ncash 9k
12. Ducredit 70k
13. Ajeloan 15k
14. Easy Naira 12k.
15. Cashsea 26k

I'm even scared to add the total but this my current reality. Virtually all are 7days loan.

I don't know how a sane human being can get to this stage, I don't want to attribute anything to anyone or some village people. This is my owing making, and I have been living with this burden for long. I was hoping to get a job that will pay me like 500k at once but none for now.

I dont even know what next to do. I have alot of other responsibilities to cater for.

I don't even have friends or relatives I can run to. I am writing this because I deserve all the insults in the whole world. I deserve to the stoned. Though I will never take my life because of this, God forbid but I can't grow with these on my neck and it's really weighing me down.

I can't remember when last I genuinely smiled or laughed.

I'm determined to find a way to over come this problem. That's why I'm here.

I know you guys will come for my head but I'm already in this shot so I will accept any insult. But please if someone can say something to help me a little I will appreciate.

I'm not breathing fine but I'm currently harvesting what I planted.

Wish I can get a counselor or therapist who can help me because I'm scared that even if I suffer and clear these I might not learn my lesson because it has happened before.

What can I do please?

If you are truly sorry, just ask God to forgive you and keep praying that God touches her heart to forgive you. You can't force someone to forgive you.

Just accept your mistake and live your life. To er is human but to forgive is divine, only God can touch her heart to forgive you.