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Nairaland Forum / Nairaland / General / Business / Ruin By Online Loan App, Don't Know How To Break Free (37336 Views)
Online Loan Operators; After The Defamation, What Next? / How Does Someone Remove His/her Data From An Online Loan Platform? / What Will Happen If One Fails To Pay Back Loan From Loan App? (2) (3) (4)
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Re: Ruin By Online Loan App, Don't Know How To Break Free by emmyN(m): 5:12pm On Mar 12, 2022 |
BunbleBee: You can say that again. I see many of them on here gloating about not repaying their loans. 4 Likes 1 Share |
Re: Ruin By Online Loan App, Don't Know How To Break Free by Nobody: 5:15pm On Mar 12, 2022 |
That was how I got into this mess too, using one loan app to pay another. The funny thing is the money started from nine or ten thousand. You start using other loan apps to pay each other and the debt keeps rising with their huge interest. Now I can't even enjoy my salary. I understand how you got into this. 7 Likes |
Re: Ruin By Online Loan App, Don't Know How To Break Free by millionboi(m): 5:15pm On Mar 12, 2022 |
englishmart:lol......u really dealt with them |
Re: Ruin By Online Loan App, Don't Know How To Break Free by Goalnaldo(m): 5:19pm On Mar 12, 2022 |
Same with me. I'm owing four different loan apps more than 52,000. Ajeloan stopped addind their 400 daily fee for late repayment after I made a payment of 1500 by now, it would have gotten to only God knows how much 1 Share
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Re: Ruin By Online Loan App, Don't Know How To Break Free by emmyN(m): 5:22pm On Mar 12, 2022 |
YourFavorite21: You need to be in the right circle to see amazing things students your age are doing. I wish I had lots of the information I have now when I was younger. You have to be intentional about your growth. Get on your social media platform, facebook is good. Follow the right people, not gossip mills. Join intellectual groups, Headstart Africa is an example. Read content, digest them and apply. If you have writing skill, take up a course that could help you hone it, then apply to Upwork for gigs. And crypto is not bad too, but there is a huge uncertainty surrounding it and you have to know your onions very well to succeed at it, so I would advice you leave that out. You have a little time on your side now, use it! 1 Like |
Re: Ruin By Online Loan App, Don't Know How To Break Free by YourFavorite21(m): 5:23pm On Mar 12, 2022 |
Plus10:thanks for the advice man. |
Re: Ruin By Online Loan App, Don't Know How To Break Free by nedekid: 5:26pm On Mar 12, 2022 |
Most people don't have self control. If loan app were not available to get easy, fast loans wount you have survived? Same thing with nigeria leadership, if china loans were not available wount we have survived? Anyway, your best bet is to look for a relative to bail you out as friends don't assist again because people don't pay debt. You may also dispose of an asset to pay your debt. |
Re: Ruin By Online Loan App, Don't Know How To Break Free by Debodimeji01(m): 5:27pm On Mar 12, 2022 |
��� Chai!! You're evil I swear. But that was really a long short you took. Serves them right. Fir me, owing some, told them I will pay soon. The ones that threatens me that they would send message, I tell them that the Terms & Conditions I signed while taking then loan didn't state that aspect. So they should know its litigation they are playing with. And believe me you, they normally don't come back with that threat again. englishmart: |
Re: Ruin By Online Loan App, Don't Know How To Break Free by abbey621(m): 5:28pm On Mar 12, 2022 |
This country can never be great, just look at the comments. Do y'all think loan companies are charities? Did you not read the terms and conditions or at least the interest rate before signing? Yet we wonder why banks refuse to give out loans to just anybody. It's one thing to be poor, it's another to be illiterate but when you're poor, illiterate and wicked..........Dem swear for una ni? Na same people go rent house wey dem no fit afford come dey fight landlord say na only 2 years dem owe no big deal. 5 Likes
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Re: Ruin By Online Loan App, Don't Know How To Break Free by pacificom: 5:29pm On Mar 12, 2022 |
The good news for you is that government have just crackdown some of this companies and pronounced them to be illegal operators. However, It is not a fable that many self employed nigerians have similar experiences with online loan app. They are cheeky and only want to use ponmo to collect meat from you. The cruz of the matter is that they will report you to credit of bureau and damage your credit history in a way that will turn your life into a nightmare. If it is possible to avoid loan like this; please do and explore other alternatives. Only try them as last resort. |
Re: Ruin By Online Loan App, Don't Know How To Break Free by nedekid: 5:32pm On Mar 12, 2022 |
millionboi:So you think by destroying his credit rating because of 4k he has dealt with them? The laugh is truelly in him. Tell him to do a credit check( which all banks and financial institutions are linked upto). You will see his rating is negative. No bank will give him a loan when he really needs it all because of 4k smartness. 1 Like |
Re: Ruin By Online Loan App, Don't Know How To Break Free by nedekid: 5:35pm On Mar 12, 2022 |
YourFavorite21:If the loan company was not there nko? |
Re: Ruin By Online Loan App, Don't Know How To Break Free by zuchyblink(m): 5:35pm On Mar 12, 2022 |
Devalued naira and inflation is the hitting Nigerians below belt 1 Like |
Re: Ruin By Online Loan App, Don't Know How To Break Free by millionboi(m): 5:37pm On Mar 12, 2022 |
nedekid:oh really 1 Like |
Re: Ruin By Online Loan App, Don't Know How To Break Free by Myer(m): 5:38pm On Mar 12, 2022 |
Duke007: No lie, you be Yahoo guy. You never had any intention of paying back.
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Re: Ruin By Online Loan App, Don't Know How To Break Free by nedekid: 5:41pm On Mar 12, 2022 |
Iliveforever:Abi. Good gov has attacked them. Let them shot down the loan companies. When people need loans, they should go to bank or microfinance with collateral. You need 20k, you will go and pack your car worth 1m and submit the documents. Lapo will come and take inventory of TV, fridge, wife and children which you will sign over before getting 50k loan. Lolz That is what Nigerians deserve for being chronic debtors. On the alternative, borrow for a relative and friends no de loan money again. 1 Like |
Re: Ruin By Online Loan App, Don't Know How To Break Free by nedekid: 5:42pm On Mar 12, 2022 |
millionboi:Yeah, and those rating companies are international with branches in Nigeria. During covid, my paddy that has a furniture factory got cbn intervention. Offer of 10m, at the point of payment, nisral rejected him cause they did a credit check. Apparently he had outstanding with carbon ie paylater in excess of 200k. 2 Likes |
Re: Ruin By Online Loan App, Don't Know How To Break Free by Godful: 5:45pm On Mar 12, 2022 |
Duke007:I dunno how you can break free, but I know you can if you want to. 1 Like |
Re: Ruin By Online Loan App, Don't Know How To Break Free by gazilion: 5:49pm On Mar 12, 2022 |
YourFavorite21: How much did you borrow? |
Re: Ruin By Online Loan App, Don't Know How To Break Free by Jmichael1(m): 5:51pm On Mar 12, 2022 |
I'm currently going through same tin bro,i now work to pay loan apps. suicide is nt an option,if nt i 4 dn do am since.I've tried to deactive my acct 4rm their platform bt no way. i got now till 24 march to pay 3 dff companies, fairmoney 56k branch 21k new credit 28k dis taught hv given me sleepless 9th... 4 Likes |
Re: Ruin By Online Loan App, Don't Know How To Break Free by jericco1(m): 5:53pm On Mar 12, 2022 |
So distraught right now. That's how easy buy called me yesterday that I have good credit that I should take loan up to 80k. Ah!! My brother you have to start somewhere At this stage you have to accept whatever punishment they want to give you. So while at that, try to build up a good credit by paying one after the other and also develop a habit that no matter what you won't borrow. Yes sir. That mentality helps if not borrowing might turn to an addiction. My 2 cents |
Re: Ruin By Online Loan App, Don't Know How To Break Free by Danabu(m): 5:58pm On Mar 12, 2022 |
Xristars: |
Re: Ruin By Online Loan App, Don't Know How To Break Free by membranus: 6:02pm On Mar 12, 2022 |
phemmyfour: Easier said than done. |
Re: Ruin By Online Loan App, Don't Know How To Break Free by ALLNIGERIANSMAD(m): 6:02pm On Mar 12, 2022 |
Naiira:any of the loan the interest is more than than 15%, he should not pay, the loan sharks are rubbers |
Re: Ruin By Online Loan App, Don't Know How To Break Free by Taiwo20(m): 6:05pm On Mar 12, 2022 |
1.Call the loan company tell them to restructure the loan. They would most like refuse. Plead with Dem to stop the penalty. 2. If they refused, don't take more loans but start paying #5,000 per loan company till you liquidate your loan. 3. Download Truecaller and subscribe premium. Then block all the loan company lines. If you should pick the call tell them you are working on paying . 4. After paying all loans. If you must take any loan again try carbon or fairmoney or meet your bank. 5. Be prepared to receive calls from people on your contact list about random messages sent to them etc. 6. Most importantly check your BP and make sure they don't threaten you into depression. 7.Better days are coming. P.S: The Nigerian govt is also in huge debt Duke007: |
Re: Ruin By Online Loan App, Don't Know How To Break Free by truthfulnigeria: 6:05pm On Mar 12, 2022 |
The only breaking free is to clear all your debts and start afresh. |
Re: Ruin By Online Loan App, Don't Know How To Break Free by ibmaintain: 6:07pm On Mar 12, 2022 |
no be small thing, the amount is almost #229,000. I advise to look for form money somewhere and paid off the loan. don't go and get another loan to pay off these. but once u try all ur best and u best is not good enough let them default u, u can start saving money to be playing it one after the other. pls don't go kill ur self bcus this loan app 2 Likes |
Re: Ruin By Online Loan App, Don't Know How To Break Free by ALLNIGERIANSMAD(m): 6:07pm On Mar 12, 2022 |
Duke007:pay only one that the interest is not more than 10%, all others with interest above 10% are rubbers,uninstall all the loan Apps, stop using the phone number they can access, remove your mind from them, give your sef peace of mind, they can't do you anything, most of them are Yahoo Yahoo using you to lundered their stolen money, yet still stealing from your account. |
Re: Ruin By Online Loan App, Don't Know How To Break Free by Duke007(m): 6:08pm On Mar 12, 2022 |
happiness4ever: God will help us |
Re: Ruin By Online Loan App, Don't Know How To Break Free by Duke007(m): 6:14pm On Mar 12, 2022 |
Coolcash1: You don't understand, lt was a quagmire, like an avalanche. I should have stopped, l agree that l am not financially discipline enough but if you understand the concept of rat race, l suffered a vicissitudes in life. I use to be very comfortable until series of event drew me back. I have never been indebted before. |
Re: Ruin By Online Loan App, Don't Know How To Break Free by baconline(m): 6:18pm On Mar 12, 2022 |
declare bankruptcy, do not collect any loan again, weather the storm till u pay it up, then restart your business, as it stands now u might not have a business yet |
Re: Ruin By Online Loan App, Don't Know How To Break Free by PARADIZEPRIEST: 6:22pm On Mar 12, 2022 |
SOME PPL ARE EVEN TRYING TO LEARN THE APP,WHILE YOU WANNA BREAK FREE.?TEACH THEM THE LOAN SENSE TO LIBRATE YASEF. |
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