₦airaland Forum

danniyal:
Contacts stored on my phone are not my personal information. They belong to a third party. Personal information is limited to phone number, bvn, place of work, guarantors numbers, residential address, bank details etc

danniyal:
If you cannot post screenshot, don't quote me again pls

danniyal:
If you cannot post screenshot, don't quote me again pls

danniyal:
If you cannot post screenshot, don't quote me again pls

danniyal:
They took it without the consent of their customers,(data breech & hence the 10m fine). No where in their terms and conditions was it stated that they are going to download contacts. If you find it in their terms and conditions, post a screenshot here

pek:
Every time you write, your senselessness becomes more obvious. I won't like to know someone like you.

Jacobx007:
Are you the one that wrote the terms and conditions?? Or are you plainly stupid?? I went through the terms and conditions and no where did they say they will implicate your whole family when you default.
Post that part here or keep quiet

Jacobx007:
Guy go and look for a job, how can a jobless fellow like you waste two days commenting on a thread like this? Don't be unfortunate in your life or is Sokoloan your father's company??

Temitopex:
I beg to doubt if you are in your right senses. Because if you are, you wouldn't tell me to be inconsiderate and irresponsible when I didn't mention in any part that I took a loan, I only analyzed a scenario, so kindly educate yourself more if you didn't learn properly in school. Another person used you as a case study, you shifted it as well, simply because you know damn well the gravity of how pointless you are. I never insulted you in any part but you called for it.

I am literate, and I'm also a thug when need be for people like you.

danniyal:
They took it without the consent of their customers,(data breech & hence the 10m fine). No where in their terms and conditions was it stated that they are going to download contacts. If you find it in their terms and conditions, post a screenshot here

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

danniyal:
No, you still don't get it. For the fact that I stored someone's number on my phone doesn't make it mine. I don't have the right to give it to another party to contact them without their permission(that is why they are paying 10million fine). Before granting any loan, they should figure out how they are going to get it back without involving innocent people. That is their business, it doesn't concern you, me or anyone else
I hear some people say, nobody force anyone to collect the loan in the first place. Well, nobody force the company to grant the loan if they don't know how to get their money back without involving people who don't know anything about the contract in the first place

pek:
You obviously don't have sense. At what point did a borrower agree you will criminalise him and his family?

Temitopex:
This guy, I can see you're very sentimental. I have been reading your replies from the very start and I am forced to quote you now. You actually feel defaulting is anyone's life ambition. Would you tell me you have never been in a circumstantial situation before? Life happens to each and everyone, we've all taken short term loans directly or indirectly, consciously or unconsciously. Defaulting doesn't mean one doesn't have a strategic mean of repayment when taking the loan, but life can happen at any damn time. Why don't you just stop this your biased mindset and spill the truth?

There's one prayer I would pray for you, that you wouldn't be in a circumstantial situation more than your life. No matter how much you might have and think you may not need loans, inasmuch as you can count the money you have, you are still an average human being in life, and remember, it is very easy to fall down in life, so don't spill words that may come back against you simply because you're failing to understand how life works in the sphere of a man's world. Good day.

jackslow:
now in trying to recover their money, they're loosing a whole 10m. There is always a lawful way out

danniyal:
You are still not getting the point. We are not arguing about defaulting here, the issue is the method of recovery. Let's us consider this scenario, your younger one happens to borrow from sokoloan and couldn't meet up (without the consent of anyone in your family) , Sokoloan now send this kind of message to all his contacts defaming your whole family. How will you feel if all your colleagues got this message over a loan you know nothing about? Do they have the legal right to do so?

Septuagenarian:
What kind of trash are you saying, because they are feeding you from the company by salary doesnt warrant you calling a defaulter a criminal and defaming him to all his contacts. You all have overdue charges on al your loans, your job is to continue contacting or finding means of getting your money back in a legal and professional way not insulting everyone who collected loan from you. We all need to reason very well when defending all these companies and their insanity.

ozoneboy:
Shabi if I call u a criminal now,you will report me for ban,this is just the begining,you scatter someone reputation and expect them to pay you.all of una dey mad,come collect naa

Jacobx007:
This guy you are a criminal also, a while ago you said you are unemployed, now you work in a communications firm? You are also a CRIMINAL NIGERIAN, IDIOT

Hassanmaye:
But some people collect the loan and still don't pay and never get caught I wonder how they do it

authority2006:
Lol. You are so sure that he would go and bail him at the police station or start looking for hospital bill settlement. It doesn't work like that

jackslow:
but that's the law you have to obey it, otherwise be ready to pay fines from time to time, or you can change line of business. And by the way on can't spend spent 3months without banking so you will surely get your money with even accumulated interest. Those companies are coming to Nigeria to do what they can not do in Europe

jackslow:
please is not about sentiment is about is about legality of what your company is doing, the government has set up loan recovery procedures for your company to follow, your company has to follow it, or at most don't do anything illegal to in order to recover your loan it may back fire just like sokoloan.

Secondly the customers does does not give out their contacts unless in some cases where they request for 2 or 3 family numbers, in that case they may contact those people, even that case the the loan company can not defend it in the court, because of you're giving somebody loan because of me then you have to inform me, not just to call me when he has defaulted.

Finally play store does not allow apps that give loans of less than 30days, apart from Africa where the laws are not working you can't give out 7days loan.

jackslow:
a loan company should be registered and law abiding, the government has set up procedures for loan recovery, the company should follow it, I think last year or 2 that National assembly passed a bill concerning loan recovery, the laon companies can use BVN of their defaulting customers to get their money from his bank accounts across the country, but not to just take laws in to your hands and do anything within your means.

true2god:
I can’t be wary of them but of your crime syndicates you call a loan company. You guys sent SMS to over 50 people concerning one of your customers, who happened to be my colleague’s brother, and this is how it reads:

AAA BBB CCC (his name in mask) 080******* IS A DEFIANT DEBTOR WHO HAS FLEE WITH A LOAN AND NOT REQUITE. NOTIFY HIM NOW TO AVOID PUBLIC EMBARRASSMENT.

Why send this kind of SMS to a person who is not in the know of your business transaction? You guys are lucky to operate in a lawless society.

xpool:
You talked this way because all your life you have been deprived of a real country with sanity and rules.

authority2006:
If there is a law guiding your business, you can't use every means available to recover your loan. This is not Banana Republic.

danniyal:
I am equally surprised as to how you are supporting evil Chinese people who are exploiting and killing your fellow countrymen

true2god:
Stop acting like a criminal; nobody is here defending any defaulter. What people are speaking against is your unethical style of loan recovery whereby you tarnish the images of your customers and clog people’s, people who are not aware of your business transaction, phone with blackmailing SMS. You have to stop this approach. I have received some SMS from anonymous people claiming that someone I never even met received a loan and refused to pay back. Initially my thinking was that it was from ‘yahoo’ guys until last week I learnt that it was a loan recovery strategy. If you cannot effectively run a loan-giving business you quit.

This is lawlessness!