femi4:
Short indeed, them no collect interest and other hidden charges from you? You can't outsmart banks

we already agreed interest before collecting loan.. Interest is not new nw.. There are no hidden charges

Huw:


My brother bank no lost anything, you’re getting your calculations wrong.

Shalom

bank borrowed me 4m.and dollar was 405 at d time. Yet I'm paying back same agreed amount and interest. Dollar now 570.how banks no go loose. Do the maths

complexBoss12:
drop ur email

puritypremiumservices@mail.com

I borrowed someone money when Canada dollars to naira in black market was 280. He paid 18 months later. Canadian dollar has become 460. I no fit cry

SavageResponse:


I hope you know that they may increase the rate of your interest

nope the can't. Been paying same amount monthly since 2019. Bank loan na d way

Why

It's can be achieved period..

Hmmm

omonla10:
bank borrowed me 4m.and dollar was 405 at d time. Yet I'm paying back same agreed amount and interest. Dollar now 570.how banks no go loose. Do the maths

Do which maths?...Firstly you need to understand how bank loan interest works and then you work your way up to understand the different interest rate.

Let me give you an hint, some interest rates are not same through out the loan period.

It’s not so basic as you assume it be, bottom line the bank only loss when you refuse to pay your loan.(even at that the banks would have hedge the loan through insurance).

There so many elements that come to play when you take a loan from bank....insurance and so forth

Pls I’m not talking about all this 20k, 3k fintech loans.

seunny4lif:

Wait
I don’t understand you
The person still dey own you the car or the money?
$6K? That’s more than 2M Naira now

The person wasn’t involved in the car transaction. That was just how the money came about.

What about those investing in real estate and those collecting annual rent on their property, how would they shield themselves from this inflation?

sonnie10:

The person wasn’t involved in the car transaction. That was just how the money came about.

Hmmm
No be small thing oooh

sonnie10:
I concur 100%. In 2011 I sold my unregistered 2001 xterra for #1.4M . It was bought for $3000 , shipped for $1200 and cleared #400k and then lend someone the whole money. Total was about $6000.
Till now the person stil believes he is owing me #1.4M because that is what he keeps saying each time I ask.
But to be fair, the person had agreed to drop drop his land document whic is at lekki but I said , don’t worry what are brothers for?

The person has been owing you for 10years? Did it affect your relationship?

seunny4lif:

Hmmm
No be small thing oooh

If he wasn’t owning me, by now I would have spent more than double that amount on him directly or indirectly. He closed that chapter.

Athemisia:

It doesn't really need to be in Nigeria Banks. There are reliable apps of which one can save in dollars.

Most of those apps that claim to let you save in dollars are scam, they will just be showing you a dashboard where you can see your balance meanwhile the cash is not really in the bank because the CEO has diverted the money to something else.

It is better for you to save your dollars in a bank!

sonnie10:

If he wasn’t owning me, by now I would have spend more than double that amount on him directly or indirectly. He closed that chapter.

Na the ways of Nigerians be that.

This only applies to loan sharks. Don't try it with registered loan apps such as branch, carbon etc. They can get a lien on your bank account
It is applicable to sokoloan, 9jacash, gocash, ncash, 9credit etc and for those collecting loan for the first time. If you have collected before, they already have your contacts

First, they rely on your contacts to disgrace you. Let's beat them at their own game
Steps
✓Download superbackup from playstore
✓back up your contacts using superbackup. Go to file manager> smscontactsbackup>contacts and you will see the backed up contacts as .vcf
✓disable google synchronization or remove your google account completely from your phone
✓delete all your real contacts from your phone
✓download contact generator from playstore and generate as many fake contacts as you want
✓you can now apply for loan from any of the loan sharks using the fake contacts you have generated
✓after successful loan application, delete the loan app from your phone, delete all the fake contacts and restore your real contacts using superbackup and you are good to go

danniyal:
This only applies to loan sharks. Don't try it with registered loan apps such as branch, carbon etc. They can get a lien on your bank account
It is applicable to sokoloan, 9jacash, gocash, ncash, 9credit etc and for those collecting loan for the first time. If you have collected before, they already have your contacts

First, they rely on your contacts to disgrace you. Let's beat them at their own game
Steps
✓Download superbackup from playstore
✓back up your contacts using superbackup. Go to file manager> smscontactsbackup>contacts and you will see the backed up contacts as .vcf
✓disable google synchronization or remove your google account completely from your phone
✓delete all your real contacts from your phone
✓download contact generator from playstore and generate as many fake contacts as you want
✓you can now apply for loan from any of the loan sharks using the fake contacts you have generated
✓after successful loan application, delete the loan app from your phone, delete all the fake contacts and restore your real contacts using superbackup and you are good to go

It seems you've for long been in this defrauding business to know how to pull these shady fraudulent stunts.

Gboliwe,ishilove,sisisioge

kingreign:


It seems you've for long been in this defrauding business to know how to pull these shady fraudulent stunts.

Gboliwe,ishilove,sisisioge

On the contrary sir...i am very angry at the way these people hide themselves and treat nigerians the way they like, with impunity.

danniyal:
This only applies to loan sharks. Don't try it with registered loan apps such as branch, carbon etc. They can get a lien on your bank account
It is applicable to sokoloan, 9jacash, gocash, ncash, 9credit etc and for those collecting loan for the first time. If you have collected before, they already have your contacts

First, they rely on your contacts to disgrace you. Let's beat them at their own game
Steps
✓Download superbackup from playstore
✓back up your contacts using superbackup. Go to file manager> smscontactsbackup>contacts and you will see the backed up contacts as .vcf
✓disable google synchronization or remove your google account completely from your phone
✓delete all your real contacts from your phone
✓download contact generator from playstore and generate as many fake contacts as you want
✓you can now apply for loan from any of the loan sharks using the fake contacts you have generated
✓after successful loan application, delete the loan app from your phone, delete all the fake contacts and restore your real contacts using superbackup and you are good to go

Why will you take a loan and not repay?

kingreign:


It seems you've for long been in this defrauding business to know how to pull these shady fraudulent stunts.

Gboliwe,ishilove,sisisioge

Hmmmm....I still doubt if this will work. Apart from the contacts you have on your phone, they look at the age of this contact, your internet activities, recharges, etc. It is better to borrow with intention to repay. It is well.

There is 99.9999% chance of USD devaluation against NGN. The country's "structure" won't allow that.
It will always favour holder of USD always.

kinglee007:
And after we have signed the agreement, what are the odds that the dollar might not fall as a result of change in World Economic Policy that might arise due to severe climate change, draught, unpredicted war, or financial stability in Nigeria leading to a rise in the Naira?

Who e go favour?

Ishilove:

Why will you take a loan and not repay?

Show me where i said one should not pay?

danniyal:
This only applies to loan sharks. Don't try it with registered loan apps such as branch, carbon etc. They can get a lien on your bank account
It is applicable to sokoloan, 9jacash, gocash, ncash, 9credit etc and for those collecting loan for the first time. If you have collected before, they already have your contacts

First, they rely on your contacts to disgrace you. Let's beat them at their own game
Steps
✓Download superbackup from playstore
✓back up your contacts using superbackup. Go to file manager> smscontactsbackup>contacts and you will see the backed up contacts as .vcf
✓disable google synchronization or remove your google account completely from your phone
✓delete all your real contacts from your phone
✓download contact generator from playstore and generate as many fake contacts as you want
✓you can now apply for loan from any of the loan sharks using the fake contacts you have generated
✓after successful loan application, delete the loan app from your phone, delete all the fake contacts and restore your real contacts using superbackup and you are good to go

Don't forget they have your BVN

Peppermintflav:

Don't forget they have your BVN

There is nothing they can do. They are fraudsters, they are not registered, they don't have any office or physical location that is why they resort to blackmail and defamation of character to get their money

MRDEE01:
Same as saving money.
Save in dollars



Hello nairalanders.
I am an experienced bolt driver based in abuja.

I am looking for a partner who can provide me a car to drive on Bolt platform,either on weekly remittance or hire purchase basis.

Thank you.

How can one save in dollars?