₦airaland Forum

FutureIsFemale:
How did they get the phone numbers on your contact?

Tabithatim:
Come and see o! A particular loan app in this Nigeria has been threatening me over a loan that isn’t due, out of 6 instalments I’ve paid 3 and now just some hours after the 3rd instalment is to be paid they’ve started sending me threatening messages and even had the guts to contact people on my contact list that I’m late on my payment. This is so wrong!!

So in July I took out a loan of 150k to pay back in 6 months, they gave me their rules and how I’ll pay it (make I no even talk the big interest rate way dem give me, that one one na topic for anoda day). After confirming my loan on the 2nd of July, it took 4 days for the money to reflect in my account after many stories and mails to them. Can you imagine that these guys have been debiting me on the 2nd of every month claiming that’s when my loan was approved and it’s from my end there was a delay. That’s so unprofessional and mean! I’ve tried to speak with someone on their end but nothing…they’re just speaking English. I don’t know how to report them. Now they’re threatening me even though they’re the ones at wrong.

Most of these loan companies don't care about you or your reputation o. They will promise you heaven & earth everything join with sweet words, they will trick you with social media ads only to lure you in and torture you.

I just tire. I’m soooo pained that I even had to take a loan in the first place and this is what they’re putting a customer through. Na only to dey dirty people name them sabi all these loan apps are one kind and maybe even fraudulent cause not only is their interest rates too high, they shouldn’t be allowed to threaten people at all even if they’ve missed a payment date; it’s just wrong. Is this how all loan apps are? What can I do? I heard FairMoney and some other loan apps are better?

helinues:
Just because others are debtors doesn't mean I should be one.

We all have different strategies in life. Loan is a big No for me

Godbless3:
Thats why I ran away when i read fairmoney terms and condition. That they will have access to my contact list and inbox esp all alert to my bank account.
BVN was suppose to checkmate deptors and regulate certain actions from deptors but every policy in this country (esp this govt.) is failure.

joey150:
Stop quoting law. Nobody forces anybody to take a loan. The person should have taken from their bank then or a more reputable loan agency. I don't support loan sharks, but If you decide to play their game then you have to play by their rules.

You think it's easy to loan strangers money with no credit history or collateral?

joey150:
Stop quoting law. Nobody forces anybody to take a loan. The person should have taken from their bank then or a more reputable loan agency. I don't support loan sharks, but If you decide to play their game then you have to play by their rules.

You think it's easy to loan strangers money with no credit history or collateral?

toujurs:
Ungrateful customer, they charged you a huge interest, and you still signed and accepted the loan, the banking system isn't that efficient and effective, the main thing is that you were paid, your cry over here won't solve anything, simply pay up, and when they call you back for a loan renewal ignore them

rentAcock:
This thread is very suspicious and I'm really surprised it made front page. Almost everyone suggesting or enquiring about "fair money" created their nairaland account in January 2019, some accounts were even created on the same day. The OP is shilling/ advertising this fair money loan provider likely with his multiple fake naiariand accounts, becareful.

Tabithatim:
Come and see o! A particular loan app in this Nigeria has been threatening me over a loan that isn’t due, out of 6 instalments I’ve paid 3 and now just some hours after the 3rd instalment is to be paid they’ve started sending me threatening messages and even had the guts to contact people on my contact list that I’m late on my payment. This is so wrong!!

So in July I took out a loan of 150k to pay back in 6 months, they gave me their rules and how I’ll pay it (make I no even talk the big interest rate way dem give me, that one one na topic for anoda day). After confirming my loan on the 2nd of July, it took 4 days for the money to reflect in my account after many stories and mails to them. Can you imagine that these guys have been debiting me on the 2nd of every month claiming that’s when my loan was approved and it’s from my end there was a delay. That’s so unprofessional and mean! I’ve tried to speak with someone on their end but nothing…they’re just speaking English. I don’t know how to report them. Now they’re threatening me even though they’re the ones at wrong.

Most of these loan companies don't care about you or your reputation o. They will promise you heaven & earth everything join with sweet words, they will trick you with social media ads only to lure you in and torture you.

I just tire. I’m soooo pained that I even had to take a loan in the first place and this is what they’re putting a customer through. Na only to dey dirty people name them sabi all these loan apps are one kind and maybe even fraudulent cause not only is their interest rates too high, they shouldn’t be allowed to threaten people at all even if they’ve missed a payment date; it’s just wrong. Is this how all loan apps are? What can I do? I heard FairMoney and some other loan apps are better?

mauriceju2:
there are laws regulating loan/interest rates in Nigeria, let the loan apps follow the laws and regulation. According to the law, no lender can prosecute any defaulter until after 1 year of owing, according to the law and regulation in Nigeria, interest rate is maximum of 48% per annum which is 4% monthly. wicked lenders and their agents loan their money out to receive interest as high as 50% weekly /monthly plus capital. That is unspeakable evil of man to another man and if you cannot see it then it is because you yourself are part of this grave wickedness to humanity, they all know their business is wicked that is why they are hiding from CBN and others regulators,
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lascos912:
can they lend me 30k only because i need it urgently

bigboychukstar:
Make una recommend good loan platforms for me please.

IMAliyu:
I've used them, high interest rates 25% a month. And you can't manually control the amount you borrow.

I've grown my loan qualification passed the point I'm comfortable borrowing so I've abandoned them.

Kuda overdraft covers me, so I don't use any shark loan service anymore.

helinues:
Loans for what?

I don't spend more than what I earned

Tabithatim:
Come and see o! A particular loan app in this Nigeria has been threatening me over a loan that isn’t due, out of 6 instalments I’ve paid 3 and now just some hours after the 3rd instalment is to be paid they’ve started sending me threatening messages and even had the guts to contact people on my contact list that I’m late on my payment. This is so wrong!!
Fairmoney.carbon and branch will not call ur contact buh de don't give much. De might start u up with just 5 or 10k. If u loan like 5 to 10 times n pay on Time, they will increase your money

So in July I took out a loan of 150k to pay back in 6 months, they gave me their rules and how I’ll pay it (make I no even talk the big interest rate way dem give me, that one one na topic for anoda day). After confirming my loan on the 2nd of July, it took 4 days for the money to reflect in my account after many stories and mails to them. Can you imagine that these guys have been debiting me on the 2nd of every month claiming that’s when my loan was approved and it’s from my end there was a delay. That’s so unprofessional and mean! I’ve tried to speak with someone on their end but nothing…they’re just speaking English. I don’t know how to report them. Now they’re threatening me even though they’re the ones at wrong.

Most of these loan companies don't care about you or your reputation o. They will promise you heaven & earth everything join with sweet words, they will trick you with social media ads only to lure you in and torture you.

I just tire. I’m soooo pained that I even had to take a loan in the first place and this is what they’re putting a customer through. Na only to dey dirty people name them sabi all these loan apps are one kind and maybe even fraudulent cause not only is their interest rates too high, they shouldn’t be allowed to threaten people at all even if they’ve missed a payment date; it’s just wrong. Is this how all loan apps are? What can I do? I heard FairMoney and some other loan apps are better?

Unibener:
You are the one being dumb, is the poster not a debtor?
Is he not owing money

mauriceju2:
there are laws regulating loan/interest rates in Nigeria, let the loan apps follow the laws and regulation. According to the law, no lender can prosecute any defaulter until after 1 year of owing, according to the law and regulation in Nigeria, interest rate is maximum of 48% per annum which is 4% monthly. wicked lenders and their agents loan their money out to receive interest as high as 50% weekly /monthly plus capital. That is unspeakable evil of man to another man and if you cannot see it then it is because you yourself are part of this grave wickedness to humanity, they all know their business is wicked that is why they are hiding from CBN and others regulators,
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aramanda14:
For the people criticizing loans, loans can be very helpful for a lot of people. Many advanced country rely heavily on credit systems like Student loans to operate and it’s helped millions of people.

Personally, I’ve benefited from loans in which I used to pay my school fees.

aramanda14:
For the people criticizing loans, loans can be very helpful for a lot of people. Many advanced country rely heavily on credit systems like Student loans to operate and it’s helped millions of people.

Personally, I’ve benefited from loans in which I used to pay my school fees.

Tinubuadvocate:
Pay your debt oni gbese.

Saintinoo:
[b]You don't borrow for consumption, you borrow for investment, [/b]mind you, education is also an investment.

How do you explain folks who borrow to imprey their girlfriend or to buy phone and cloth to show off.

Kennedy97:
See as you open your mouth wa and say "no credit history"

What do there use bvn to do?

Chiffy:
CARBON still remains the best, then Fairmoney.

Sokoloan - 9credit, xcredit, lcredit, all are managed by the devil and his sons

okolojay:
This is wrong in all ramifications. Why will they threaten you! The Government should know how to deal with these kind of companies please

joyandfaith:
We have to follow law, rules and regulation. Anarchy is not good

Mosopzy23:
I know, but u can always get emergency cash from families and friends. I don't know maybe because most of these loan apps don't request for much collateral details from their debtors, the debtors tend to think they can always abscond with the loan apps money. What people forget however is that anyone who borrows u money without holding onto a collateral or something similar would go any length to retrieve his money back.

Thatedoboy98:
Go pay ur money