Elove1:
That still doesn’t change the fact that there are 49million kangaroos in Australia and 3.5million people in Uruguay which means if the kangaroos were to invade Uruguay each person will have to fight 14 kangaroos

lolz。。。。。。Wetin be dis na？

Abeg someone should help me re-explain the main news in simple English。 Tnx

These people are indirectly stifling the business of loan companies by encouraging borrowers not to pay back loans

So those owing wouldn't need to pay back right

What's all these

chaseblack:


Bubu is doing you a huge favor, i admit loans should be easily accessible but these loan sharks are rip off

Doing you a huge favour

Dem send message to all your contacts Abi?

OSUigboFlatHead:

Doing you a huge favour

Dem send message to all your contacts Abi?

So far so good, konibaje ...

Shey you no sabi comprehend

Chomsky1967:
Hello, my name is ... my phone number is 86, my BVN is 0, my family is dead, I need your help now, please call me back quickly, I need you to come Help me dig graves for my family, now they are all rotten and smelly, God told me yesterday to give them the grace to go to hell, so please come and help me, I still owe CashMap money not paid , please help me repay this loan, if you refuse to help me, then your whole family will be sent to hell by God.

That's the crazy message they sent me about someone on my contact

For real?
Could someone be so depraved to be this souless and godless?

tamdun:

They should go thru proper channel and stop giving loan to every Tom,dick and Harry, anyone can steal ur phone and get a loan from them, the worst part is once u allow them access to ur contact, they'll start harassing everyone on the contact list

wrong, even if someone steals your phone, they can collect loan on your name

Chomsky1967:
Hello, my name is ... my phone number is 86, my BVN is 0, my family is dead, I need your help now, please call me back quickly, I need you to come Help me dig graves for my family, now they are all rotten and smelly, God told me yesterday to give them the grace to go to hell, so please come and help me, I still owe CashMap money not paid , please help me repay this loan, if you refuse to help me, then your whole family will be sent to hell by God.

That's the crazy message they sent me about someone on my contact

As in seriously?

Bullet01:
Bubu blocking only means of survival of employed youths. Making life more difficult for us. I have friends who are affected by ASUU strike that borrowed from some of these loan sharks as a means of survival.

What sort of means of survival is that Why borrow money INTENTIONALLY when you know you won't pay it?? That's now a new kind of job for survival? Nigerians sef

Chomsky1967:
Hello, my name is ... my phone number is 86, my BVN is 0, my family is dead, I need your help now, please call me back quickly, I need you to come Help me dig graves for my family, now they are all rotten and smelly, God told me yesterday to give them the grace to go to hell, so please come and help me, I still owe CashMap money not paid , please help me repay this loan, if you refuse to help me, then your whole family will be sent to hell by God.

That's the crazy message they sent me about someone on my contact

That's really crazy, jeez

ybalogs:
The problem I actually have with them. A loan of 7k has reached 89k and still counting just cos a friend didn't pay on time. How will a person that can't pay 7k pay 89k?

I wonder

I hardly blame the defaulters because most loan sharks aren't different from robbers/rippers. If you claim the unreasonable high interests are placed on the loans to cover for bad debts, then you have no reason to cry over defaulters. You can't eat your cake & still have it.

JASONjnr:
How will they recover the money from their debtors?


FG and their useless policies....


The loan companies aren't a bad option. But the percentage given is the problem.

How can you loan company 300k and will have to pay back 500k.. And when you can't pay it off... they begin to add to it... Why?

Anyway, I should've collected a loan before they blocked them.

That's because they give loans without collateral.

Hence the outrageous interest rate

I've never borrowed a kobo from any loan company. I can manage very well even in severe cases.

Let them recover their loans before shutting them down. Why will someone take a loan and not pay back? People just like ripping off others. Govt ripping citizens, citizens ripping loan companies and vice versa. To even say some debtors will be happy with this news is disgusting. Can a society develop with this kind of mentality? I think not.

When Nigeria is in problem, they access loan from other countries and they are stopping others from collecting loan even though am not in the support of the loan apps

OneMillionBTC:
Loan sharks started because the institutions established to give loans are not functioning. You have been banking with XYZ bank for the past 10years yet they can't give you a loan of 100k. You will fill forms, write application letter, visit the bank and yet they will tell you they can't give you loan of 100k even when your yearly volume is 2M except you have a landed property as security.

Do you have a salary account with us? Meaning only salary account owners can access loans easier. Do you know the percentage of salary account owners in Nigeria to the general populace ?

It is fraud if you ask me, that the banks collect monies from CBN on the ground that they want to give out loans to Nigerians only to use the money for their branch opening and personal business. CBN too is terrible, they can't enforce loan policies on the banks and ensure it gets to the citizens.

If bank loans are accessible to Nigerians, No one will use these loan shark with their ridiculous interest rate.

This means FG is fighting the wrong fight, no need for all these, Nigerians need loan, they can even use the loan sharks for these services if the banks are failing, just regulate their interest rate and how they embarrass defaulters.

wish u can lay this complain to the appropriate quarter.

ybalogs:
The problem I actually have with them. A loan of 7k has reached 89k and still counting just cos a friend didn't pay on time. How will a person that can't pay 7k pay 89k?

pacesetting:
Most of these loan sharks are criminals. The government needs to look into their activities properly. Imagine one of the so-called loan sharks worker called me yesterday, complaining about one of my contacts that borrowed money.

I called the contact later to get more info. It turned out that he borrowed 15K to pay 23k in one week. Just imagine the rip-off.

On top of that, he asked for one week extension, but was denied.

This is not how loan firms operate in other countries. Their policies, interest rates, and debt recovery methods are something else.

Both the lender and the borrower in this case are crooks except you are telling me that your friend from whom I can define you, is a stack illiterate. Didn't they tell him of the interest rate? And don't tell me the situation was terrible because that is where the dubious attitude will come in, if your situation is so terrible that you can't afford 15k today, there is 80% possibility that you will not be able to pay 23k in 7days

I believe that the loan companies tell these borrowers the terms and conditions. Isn't it better to reject if the conditions is not good for you? What are y'all promoting?

ImoleNaija:
I hardly blame the defaulters because most loan sharks aren't different from robbers/rippers. If you claim the unreasonable high interests are placed on the loans to cover for bad debts, then you have no reason to cry over defaulters. You can't eat your cake & still have it.

Promisesmiling:
Nna Ehen ... atleast all those their harrassment calls go reduce, person go use my number as contact na me the come the disturb ... i don block taya.

Their nonsense is just too much

[quote author=Promisesmiling post=115843078]Nna Ehen ... atleast all those their harrassment calls go reduce, person go use my number as contact na me the come the disturb ... i don block taya.[/quote

You just talk my mind.
Whenever I see an incoming call with 0188, 0177, etc I know it's them. And when I pick, what I will hear is "your friend/relation is (I cut the call immediately at this juncture).
I have more than 20 blocked numbers

crestedaguiyi:
inside life.

what happens to their outstanding debt cos i owe 2 of them

you must pay. Nothing is free in Freetown.

Loan agents won’t like all these because that’s where they get their bonuses.

Juoflife1:
I believe that the loan companies tell these borrowers the terms and conditions. Isn't it better to reject if the conditions is not good for you? What are y'all promoting?

And you think desperate Nigerians have time to go through the terms and conditions? Lol. Most would only come to their senses when their nerves are calmed.

crestedaguiyi:
inside life.

what happens to their outstanding debt cos i owe 2 of them

Your lucky day if you ask me.

Na so one girl drag one how her simp boyfriend come facebook, she said he he a scammer and a fraudster, that he is borrowing money From loan app to impress her, using her contact.

Ginaz:
I've never borrowed a kobo from any loan company. I can manage very well even in severe cases.

You are just 1 in a million. The message isn't for you "Saint Ginaz"

Chomsky1967:
Hello, my name is ... my phone number is 86, my BVN is 0, my family is dead, I need your help now, please call me back quickly, I need you to come Help me dig graves for my family, now they are all rotten and smelly, God told me yesterday to give them the grace to go to hell, so please come and help me, I still owe CashMap money not paid , please help me repay this loan, if you refuse to help me, then your whole family will be sent to hell by God.

That's the crazy message they sent me about someone on my contact

screenshot the message pls

pacesetting:
Most of these loan sharks are criminals. The government needs to look into their activities properly. Imagine one of the so-called loan sharks worker called me yesterday, complaining about one of my contacts that borrowed money.

I called the contact later to get more info. It turned out that he borrowed 15K to pay 23k in one week. Just imagine the rip-off.

On top of that, he asked for one week extension, but was denied.

This is not how loan firms operate in other countries. Their policies, interest rates, and debt recovery methods are something else.

Didn't he see the terms of repayment before signing off? I think your friend is the one trying to rip them off

ImoleNaija:
I hardly blame the defaulters because most loan sharks aren't different from robbers/rippers. If you claim the unreasonable high interests are placed on the loans to cover for bad debts, then you have no reason to cry over defaulters. You can't eat your cake & still have it.

Did they force you people to collect their high interest loans ?

Shut them all down asap