₦airaland Forum

November24:
That's correct.
They can't do him nothing after embarrassing him. They can't do shishi.
They have breached his right. Sokoloan was fined recently for that,he didn't sign up for that, even commercial Banks don't have that right,highest they can do is to report to crb.
If they embarrass him they are even,they won't dare look for you ,because they know u are looking for them.
Just find money and pay

Joker!.

They were never fined, since you people agree that they are not regulated by CBN, this makes them very dangerous because they are like money lenders and can go to any length to recover their money, including tracking you down or your loved ones or involving police or vigilante around.

But if they are regulated, they'd simply send your details to credit reporting agencies, and CBN,so you can't access any more loans from other institution and they can also publish your name on newspaper.

And for your notice, Banks publishes the names of defaulters on newspaper monthly.

At this point, you will wish that these people are regulated because if they aren't regulated you'd be in more trouble ,so chose wiselt

modafucking broke nairalanders, after them go dey mention you dey abuse you like say them even better pass you. shiiiiii.....

Dodoproperties:
They are operating on their own, CBN did not asked any one to be giving collateral free loan, when you decide to throw away risk matrix and do your own thing, then it's your loss, so they are operating outside guidelines,
CBN cannot approve a 7days repayment plan for any company, the minimum you can take loan under CBN guidelines is for 90days, those loan apps are operating on their own terms,
For those talking about BVN and NIN to freeze accounts, only the CBN can spool all accounts using BVN, no bank has the ability to do so, it is impossible, the real commercial banks are yet to get the go ahead from CBN to freeze defaulters accounts talkless of sokoloan, the commercial banks won't even let CBN allow loan sharks to start writing for account freeze, banks don't like freezing accounts and again the loan sharks are threat to them, so banks wants to see them go out of business.

In essence, you are justifying his action. This man is a typical stereotype of a Nigerian that lack integrity and you on the other hand is enabling him . This is the reason why we are where we are . We complain of our govt & the banks not making loan available to us, but at the same time, we are a people that lack integrity . We are just too happy to rob another hard working person of his business with the slightest opportunity.
So, Oga, go and pay up that money .The company is no father Christmas.That money belong somewhere and it need to be replaced with interest to keep the business going . There is nothing honourable with what he did.
As for you stop supporting this act of dubiousness,it's not cool.Its only shows how dishonest we are as people .You are a typical stereotype of a typical Nigerian that lack integrity & wear dishonesty like a batch of honour without any Shame.

This your actions, is why people don't trust Nigerians..

Go and pay your loan now.


Kindly Visit my signature below

Anuoluwagbemiga:
thanks

Why did you default on the loan? Why take a loan if you intentionally want to default or know you have no means to pay back?

Do you know these companies are running a business and not a charity?

Ofadaman:
Joker!.

They were never fined, since you people agree that they are not regulated by CBN, this makes them very dangerous because they are like money lenders and can go to any length to recover their money, including tracking you down or your loved ones or involving police or vigilante around.

But if they are regulated, they'd simply send your details to credit reporting agencies, and CBN,so you can't access any more loans from other institution and they can also publish your name on newspaper.

And for your notice, Banks publishes the names of defaulters on newspaper monthly.

At this point, you will wish that these people are regulated because if they aren't regulated you'd be in more trouble ,so chose wiselt

Stop talking out of ignorance. She is very right.

AntiWailer:
Yes they can arrest u if they trace u. They have touts and crazy people on their payroll.

They will beat hell out of u and u won't be able to trace it to any loan company. They will humiliate u badly.

Ah!

signature2012:
Even though these loan companies charge very high interest rate.As a borrower,you are never meant to default paying back.

These companies borrow funds to start operation.Of everyone who borrow default,how will they survive.

I don’t think credit system can ever work in Nigeria.In the West,they will just send your details to collection and you might be forever bleeped.

ahhhh credit system in Nigeria is working, all finiacial institutions use them...

Kingcalls:
They can't arrest u... its even illegal to arrest anyone that has a bad loan... thats y these companies should put documents in place like getting a collateral....they can only use corrupt police to intimidate u... as long as u dint drop a post dated cheque , no one can charge u to court for failing to pay a loan... unless if its stated in the contract and u accept it but they don't put such in contracts cos its illegal... no one can go to jail for failing to pay a loan, unless they can prove beyond reasonable doubt that u diverted the funds for some other personal use ..then they can turn it to a fraud case

X X X wrong wrong wrong advise. U are not a lawyer obviously. How can you say no one can sue him over a loan? Granted, if he gives a check that bounces, he goes in for criminal- dud check. He can be sued in a criminal Court for that,fine.
Then note- he can be sued in a civil Court for default of paying the loan as well..don't say what u don't know

Stephenmoka4:
Loan apps! They can't arrest you, delete the app and move on. They won't borrow you again on that account.

They have sent such messages and I have received calls from them at different occasions, why? my number is in a defaulter's contact list.

I do listen to their calls, see as the customer service lady wan cry.

They won't send an apology message, don't send any money.

look at how much you are even basking in the fact that you are a debtor but you blame your politicans for bad governance. you are not even different. I spit om your comment.

Wicked Nigerians! You are planning to...
Go and pay your money so you don't close business for them.

It is lack of collateral that saw them going this route. If they had your documents you won't be here asking this rubbish.

Anuoluwagbemiga:
Hello nairalanders,I borrowed 15000 from a app loan and I failed to return the money on the date I suppose to .Now they keep sending messages to some people on my WhatsApp contact that I'm dubious bla bla bla and im planning to pay it back but they are not ready to listen and they even said they will publish my name may be on news papers.please what else can they do to me.pleaee don't mind my typo error

Good day, please be informed that **** ****
is indebted to a loan company and has refused to pay, is acting dubious kindly notify he to avoid being publish as a criminal.to pay today to avoid embarrassment.[/img]Hello nairalanders,I borrowed 15000 from a app loan and I failed to return the money on the date I suppose to .Now they keep sending messages to some people on my WhatsApp contact that I'm dubious bla bla bla and im planning to pay it back but they are not ready to listen and they even said they will publish my name may be on news papers.please what else can they do to me.pleaee don't mind my typo error

Good day, please be informed that (my name)
is indebted to a loan company and has refused to pay, is acting dubious kindly notify he to avoid being publish as a criminal.to pay today to avoid embarrassment.

Go through this thread below from page 1 to the last and have rest of mind

https://www.nairaland.com/6590757/sokoloan-very-nasty-set-people/24

Mynd44:
What sort of badly behaved people are we in Nigeria?
While the loan company have no right to access your contact list and call you names (that permission agreement you agreed to regardless), you are also a huge part of the problem.

Those of you who default on these loans and act a certain kind of way don't even know the extent your behaviour damages society. People like you are the reason the honest serious ones and small scale businesses can't get loans because the loan providers have either lost confidence in the system or has gone bankrupt.

The casual way you are even going about it says you are more bothered about what they can or cannot do to you than actually doing what you are supposed to do which is pay back your loan

thank you. We have failed as a people. Nothing works here. That's why everything is difficult. We're chronic debtors.

AntiWailer:
I repeat , if they locate u, they will beat u.

Borrow and interact with recovery team. They will harrass hell out of you.

Like I said, just stay away from them. Forget that right u dnt understand that u are claiming.

I have owed five months before.
I know what I'm saying.

They pleaded and even reduced my interest.
One message wasn't sent to my contact, because I told them,if they try that we are even.
This my truth

Pay them off jere

Anuoluwagbemiga:
Hello nairalanders,I borrowed 15000 from a app loan and I failed to return the money on the date I suppose to .Now they keep sending messages to some people on my WhatsApp contact that I'm dubious bla bla bla and im planning to pay it back but they are not ready to listen and they even said they will publish my name may be on news papers.please what else can they do to me.pleaee don't mind my typo error

Good day, please be informed that **** ****
is indebted to a loan company and has refused to pay, is acting dubious kindly notify he to avoid being publish as a criminal.to pay today to avoid embarrassment.[/img]Hello nairalanders,I borrowed 15000 from a app loan and I failed to return the money on the date I suppose to .Now they keep sending messages to some people on my WhatsApp contact that I'm dubious bla bla bla and im planning to pay it back but they are not ready to listen and they even said they will publish my name may be on news papers.please what else can they do to me.pleaee don't mind my typo error

Good day, please be informed that (my name)
is indebted to a loan company and has refused to pay, is acting dubious kindly notify he to avoid being publish as a criminal.to pay today to avoid embarrassment.

I'm owing Dem over 100 plus. de called my mama tire, she self na warey!! She just de block dere number de go

November24:
I have owed five months before.
I know what I'm saying.

They pleaded and even reduced my interest.
One message wasn't sent to my contact, because I told them,if they try that we are even.
This my truth

U are dealing with those who are a bit normal or they allow u because u are engaging them like a normal person.

Ignore them completely and see what can happen

Let me guess it's SOKOLOAN!

AntiWailer:
U are dealing with those who are a bit normal or they allow u because u are engaging them like a normal person.

Ignore them completely and see what can happen

Leave story baba.
Beat ke!

You talk like a baby. Even cultist nor dey carry beat. You go come person area,beat am.
Go ask Aluu 4.

If anything happens,that money is forfeited. They way the country is,will I go and beat someone In his house ?

November24:
Leave story baba.
Beat ke!

You talk like a baby. Even cultist nor dey carry beat. You go come person area,beat am.
Go ask Aluu 4.

If anything happens,that money is forfeited. They way the country is,will I go and beat someone In his house ?

Just stay away from borrowing money and not paying back.

I av seen it happen leave aluu 4 out of the story.

AntiWailer:
Just stay away from borrowing money and not paying back.

I av seen it happen leave aluu 4 out of the story.

Ok o.
Of course pay back,even Lapo nor dey beat,they only sieze props if u have one,or u agree to pay even if it's a kobo daily.
Nor go do pass ursf.
He didn't steal,he borrowed

RapistOnBail:

You see one of the many reasons not to trust Nigerians with your money?

They come begging and dying for loans. Give them and see if you’ll get it back in due time.

Op,

You and other Nigerians who are loan defaulters are MAD!!!





I once gave a so called fri”ENEMY” of mine money to pay for an apartment cos I wasn’t in town and I wanted making payments ASAP to secure this apartment.

3 days passed and this caretaker kept telling me she hasn’t received any payment from any of my friends she saw when We went for the inspection.

I called the Bandit who refused picking my calls ever since I started pressurizing him to either pay for the house or send me back my funds.

Las las, the idiot sent me back about 30% of the money I gave him.

As a wise business man, I took the 30% and left the rest for him.

Today, the guy is broke and helpless. He has lost the only source of livelihood and can’t call me for any help.

I sit on my throne and watch him suffer. I’m waiting for his eventual death which will mean nothing to me.

Ciao.

Forgive

airsaylongcome:
Soko loan have switched to WhatsApp abi? Assaulting non-participating parties with their useless messages

Lol. I noticed that recently. Buh how human being go see all dis thing still de borrow money from sokoloan, imoney, easy credit n L credit.

When u get branch, fairmoney n carbon.
Even palm credit I no fit use.

ezegold4we:
They will not arrest u, all they will do is to put your account details And bvn number under automatic credit to Their account,

The only thing that will stop u From paying them is two things,one is if you are no Longer existing on Earth and The second one is if you stop Making use of all ur bank accounts becos that bvn number u gave to Them is linked to all ur account's,

Finally try and pay becos Right now, Ur Bill is increasing on a daily basis due to extra interest being accmulated

Exactly. No bvn. ATM details. It happened to me. I wasn't owing de intentionally, de said I didn't notified Dem wen I paid offline ( palm credit). I show Dem prove buh Dem no seen de number of day dar have added. De insisted dat I must pay 5000 naira extra. Na so I ghost Dem.

Today na only fair money n branch I de use. I no de collect pass 10k.

AmigoDeDon:
Too bad
You will regret in the future when cbn give them authority to freeze your BVN

Man up pay your loan �

Lol. Fastest lie in earth.

November24:
Ok o.
Of course pay back,even Lapo nor dey beat,they only sieze props if u have one,or u agree to pay even if it's a kobo daily.
Nor go do pass ursf.
He didn't steal,he borrowed

Madam Lapo na structured MFB.

Most of this app no even get lending license they are just hiding under digital app.

Have u interacted with some of their recovery people and see how terrible and unprofessional they communicate ?

Anuoluwagbemiga:
Hello nairalanders,I borrowed 15000 from a app loan and I failed to return the money on the date I suppose to .Now they keep sending messages to some people on my WhatsApp contact that I'm dubious bla bla bla and im planning to pay it back but they are not ready to listen and they even said they will publish my name may be on news papers.please what else can they do to me.pleaee don't mind my typo error

Good day, please be informed that **** ****
is indebted to a loan company and has refused to pay, is acting dubious kindly notify he to avoid being publish as a criminal.to pay today to avoid embarrassment.[/img]Hello nairalanders,I borrowed 15000 from a app loan and I failed to return the money on the date I suppose to .Now they keep sending messages to some people on my WhatsApp contact that I'm dubious bla bla bla and im planning to pay it back but they are not ready to listen and they even said they will publish my name may be on news papers.please what else can they do to me.pleaee don't mind my typo error

Good day, please be informed that (my name)
is indebted to a loan company and has refused to pay, is acting dubious kindly notify he to avoid being publish as a criminal.to pay today to avoid embarrassment.

You are asking what else they can do to you? Ontop their money? You obviously never had any intentions of returning that money in the first place.
I'm very sure if someone decides to give you the money to repay your loan, you wouldn't.

You are one of the reasons why this country can never move forward

Dodoproperties:
They are operating on their own, CBN did not asked any one to be giving collateral free loan, when you decide to throw away risk matrix and do your own thing, then it's your loss, so they are operating outside guidelines,
CBN cannot approve a 7days repayment plan for any company, the minimum you can take loan under CBN guidelines is for 90days, those loan apps are operating on their own terms,
For those talking about BVN and NIN to freeze accounts, only the CBN can spool all accounts using BVN, no bank has the ability to do so, it is impossible, the real commercial banks are yet to get the go ahead from CBN to freeze defaulters accounts talkless of sokoloan, the commercial banks won't even let CBN allow loan sharks to start writing for account freeze, banks don't like freezing accounts and again the loan sharks are threat to them, so banks wants to see them go out of business.

Very right!! The highest de can do is to embarrass you

smasher1:
Not in the west something. He might wake up ten years time and want to access another loan, and be told he is owing 500,000. By then, his credit file is ruined and the loan would keep compounding. Most people owing 700k where I work started with just 15k default. That's the power of compound interest at a high rate.

Fatest lie on earth

Adam09:
Oga, you have integrity issue. It is better to borrow from someone you know than these loan sharks.
But you can also make money from them if you sue them for privacy violation.

The privacy violation is in their terms and conditions. He accepted it before the loan was disbursed to him.

Stephenmoka4:
Loan apps! They can't arrest you, delete the app and move on. They won't borrow you again on that account.

They have sent such messages and I have received calls from them at different occasions, why? my number is in a defaulter's contact list.

I do listen to their calls, see as the customer service lady wan cry.

They won't send an apology message, don't send any money.

U are a huge disappointment to ur family, community, state, nation and even the world.