Why people keep calling it "Sure Odd" is what baffles me.

Sure Odd and many are still wallowing in poverty.

OP, please nail your addiction "gambling" to the cross of Calvary let Jesus help you.

Op na useless thief

I'm sure embarrassing you was part of their terms and conditions. You no read am ni

Elliotwaveforec:


Which yeye business you dey do? You charge 50% in 10 days. You want people to be your slaves for life abi? You loan people are corporate robbers. Thief,. Tell me in BOFIA Act where they charge origination fee of 45% and the interest on every loan given.

If the interest and fraudulent origination fee is annualised, you thieves charge over 1200 percent per annum. Ole!

Did he know about this rate before collecting the loan?

PowerOfLove:
Over 85% of Nigerians are not economically happy people and the present government has made lives even more difficult for people as hardship is at all time high. We never had it this bad in this country before. With all these, at times, you may find yourself in a situation where you just have to do anything to survive at that period. So I was in dire need as nothing was left with me. I reached out to the online loan people to borrow me some money to repay later and I was borrowed 20k. The sources I hoped to get money to repay failed and time was up. Note: that wasn't my first time of borrowing from them but because I failed this time, they decided to embarrass me by sending offensive messages to my contact list including my lecturer, relatives and ex-girlfriend. I really felt embarrassed.

Well, to cut the story short, the text below is what I sent to them to recover their money.

OP, you are not normal I swear

I borrow my friend money after severally considerations. Growing up with him, he has this character of keeping to his words, so when he asked for a loan, I was torn between keeping our friendship and losing my money.
I borrowed him the money, I asked for the money after two months and he said, "do you want it full or part of it". I said give me half because I needed to settle home front with like half of that money and he is a business man. To God be the glory, I was so happy and surprised when the money hit my account. I was so proud to call him a friend. Such people are very rare in our society today.

Elliotwaveforec:


Slowpoke, with BVN or not, you can't do nothing. Do you want to freeze his account? There's nothing you can do, if he doesn't pay back.

Stop being ignorant youngman. They can do a lot of things include blacklisting his BVN and messing up his credit profile.
Let him go and pay up. It may take time but it will come back to hunt, especially if he still lives here.

Elliotwaveforec:
People, if you're threatened over loan repayment online, simply report the thieves to NITDA.

Stop being ignorant youngman. They can do a lot of things include blacklisting his BVN and messing up his credit profile.
Let him go and pay up. It may take time but it will come back to hunt, especially if he still lives here.

Op, you still de use Android 4.4 in 2021? Nawa for you oh.

But Karma is real. May God help us.

yetunsbay:
dem suppose do their due diligence naw

Divoc19:
But Karma is real. May God help us.

not in this sense...those companies are animals. Amen

NA YOUR SOCALLED BIG MAN NO DEY REPAY LOANS.BANKS ARE FOOLISH PEOPLE WHO DONT TRUST GENUINE HARDWORKING PEOPLE WITH THEIR LOANS because OF COLLATERAL NONSENSE IN NIGERIA. IN US THEY GIV YOU LOAN TO RUN YA BIZ AND MONITOR YOUR PROGRESS TILL YU CAN START PAYING BACK. MOST BANKERS IN NIGERIA ARE HARDENED CRIMINALS IN SUITS FROM EXPERIENCE,THEY GIVE LOANS TO SOCALLED CRIMINAL RICH PPL AND FEAR TO GO COLLECT IT WHILE INTEREST MOUNTS UP,THEN THEY START GOING TO COURT TO RECOVER.

Go and pay.
Its guys like you that would borrow and keep malice with the lender...
Stop displaying lack of integrity online...
You just remind me of the tons of friends and acquaintances I unfriended because of money wahala

he is just here talking nonsense

Borrowing money to a gambler is something else...

slimghost:


Stop being ignorant youngman. They can do a lot of things include blacklisting his BVN and messing up his credit profile.
Let him go and pay up. It may take time but it will come back to hunt, especially if he still lives here.

Ok, let them blacklist everybody and let's see whom they would lend to. You don't mess with the majority; you'd lose. You fraudsters are in the minority.

I urge these online money lenders to put their money in the real sector and stop being lazy or a real bank where due diligence would be carried out before lending.

https://www.youtube.com/watch?v=BGUnKXl3Yew

Kastonkastroll:
Why is it that majority of Nigerians hate paying back their debts. Why? Isnt this wickedness. If they refused to give you the loan in the first place you will start abusing them.

Na so I borrow one idiot my money because I been pity his level of poverty. To pay me back became an issue that even the police got involved. Me and my money but the police were treating me like a criminal. Smh

Don't mind him! He has sure 2 odd abi na wetin him call am and him no fit pay back

Some people no just deserve pity!

Kastonkastroll:
Why is it that majority of Nigerians hate paying back their debts. Why? Isnt this wickedness. If they refused to give you the loan in the first place you will start abusing them.

Na so I borrow one idiot my money because I been pity his level of poverty. To pay me back became an issue that even the police got involved. Me and my money but the police were treating me like a criminal. Smh

I guess we would get the answer in Heaven

The entitlement mentality is absurd.

If a person can't meet the requirements for repayment, why borrow from such people?

Elliotwaveforec:


Which yeye business you dey do? You charge 50% in 10 days. You want people to be your slaves for life abi? You loan people are corporate robbers. Thief,. Tell me in BOFIA Act where they charge origination fee of 45% and the interest on every loan given.

If the interest and fraudulent origination fee is annualised, you thieves charge over 1200 percent per annum. Ole!

https://www.youtube.com/watch?v=Adx8jCfE8Og
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Wow, I did not know this. Please where can I read more on what you wrote?

Shokoloko:


Son, let me explain what will happen and I await any counter argument.
You dont have to repay that loan.
But this is what will happen if you don't pay.
Your name and BVN gets entered into the credit bureau as a debtor. Now if you dont have any plans to succeed and enlarge your business there is no point stressing yourself to pay.
But if you ever have a hope of going into business big time, or growing your business, that loan will hang on your neck and you will never be able to access any reasonable service from any financial institution.
Whether in partnership or Limited, the moment your BVN pops up in the bank and you or your company is trying to get any form of credit or bank guarantee, your loan will pop up and God help you, maybe by that time a small loan of N20k has become N2m and you really need a bank guarantee/reference to show your Chinese partners that your company or partnership is capable, then you will pay all plus interest accrued.
Someone said to report to NITDA. NITDA will only instruct that they should not send messages to your contacts.
NITDA cannot wipe your name out of the credit bureau of collections.

Let's try to be looking far into the future when we want to take some actions

You asked for the money after 2 months. Was 2 months the agreed time for him to pay back?

If yes, then why didn't he called you to pay you back and why should he ask you if you want the money full or part of it?

Taich:
I borrow my friend money after severally considerations. Growing up with him, he has this character of keeping to his words, so when he asked for a loan, I was torn between keeping our friendship and losing my money.
I borrowed him the money, I asked for the money after two months and he said, "do you want it full or part of it". I said give me half because I needed to settle home front with like half of that money and he is a business man. To God be the glory, I was so happy and surprised when the money hit my account. I was so proud to call him a friend. Such people are very rare in our society today.

angelfallz:
Wow, I did not know this. Please where can I read more on what you wrote?

I don't have a source, I worked in the bank of about 15 years. Part of my job was to investigate loan defaults (some as old as 20 years) and the person had totally forgotten about it. I could use anyone's BVN to pull up whatever I wanted. I just ask the marketer or account manager to tell the person to go and make payment to so-and-so before the bank could discuss further.
You see them angry and surprised saying "But this was just N2000, ten years ago" and I tell them "its no longer N2000 o!" And they will be sweating and running around like chickens

Depressed101:
you are actually stupid to think you are winning them... Right now you have become a loan defaulter, it will be hard to get any other loans from anywhere here in nigeria.. Wherever you imput your bvn will show that you have defaulted on a loan therefore you will be denied any other loan, even after you have paid this loan off,.. It will be like that for many years... Now tell me who is the winner?

Its not good to owe. If anyone take loans he or she should pay back but I want to ask you,is your dream future based on to continue borrowing?

Animals that people choose to go to. If a person does not like their rates why should the person patronise them?

It's like not liking covenant University rules and regulations, but a student still goes to covenant University and starts complaining about the rules and regulations of which he was aware of before everything the uni.

yetunsbay:
not in this sense...those companies are animals. Amen

Wow, please keep educating people on the dangers of defaulting on loans.
As you can see from this thread, a lot of people are ignorant of the dangers, and think nothing would happen to them now or in the future.

Shokoloko:


I don't have a source, I worked in the bank of about 15 years. Part of my job was to investigate loan defaults (some as old as 20 years) and the person had totally forgotten about it. I could use anyone's BVN to pull up whatever I wanted. I just ask the marketer or account manager to tell the person to go and make payment to so-and-so before the bank could discuss further.
You see them angry and surprised saying "But this was just N2000, ten years ago" and I tell them "its no longer N2000 o!" And they will be sweating and running around like chickens

angelfallz:
Wow, please keep educating people on the dangers of defaulting on loans.
As you can see from this thread, a lot of people are ignorant of the dangers, and think nothing would happen to them now or in the future.

They are not looking far. one thing about Nigeria is: as long as your business remains at a mediocre or manageable level (Small contracts here and there) nobody can catch you for your loan.
Let that business explode, or try to take it international, or try to partner with a bigger company to build a better brand, that loan will surface.

I hope they learn. Even the process of getting your name cleared from the credit bureau of collection can delay a deal and make one lose a good deal. Because some of the defaulters will pay and then the organizations they were owing will now take one week to update the bureau. By that time, the contract has been given to a better company.
Then you see grown adults come to cry in the bank, and we always have tissue for them.

Elliotwaveforec:


Which yeye business you dey do? You charge 50% in 10 days. You want people to be your slaves for life abi? You loan people are corporate robbers. Thief,. Tell me in BOFIA Act where they charge origination fee of 45% and the interest on every loan given.

If the interest and fraudulent origination fee is annualised, you thieves charge over 1200 percent per annum. Ole!

Oga you read about the terms and conditions before agreeing to take the loan. If you were not comfortable with the arrangement why not back off and look for another means instead of taking it and coming here to complain later. So you knew about the bofia shit and still went ahead to take the loan...people sef eh

BTW I am not a loan officer

angelfallz:
Animals that people choose to go to. If a person does not like their rates why should the person patronise them?

It's like not liking covenant University rules and regulations, but a student still goes to covenant University and starts complaining about the rules and regulations of which he was aware of before everything the uni.

there are some ultra vire rules not normally being specified

This thread is a poverty thread abeg. I'm OUT!!