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Loan Sharks Persist With Cruel Recovery Practices - Business (4) - Nairaland

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Digital Loan Sharks: Shaming, Recovery Techniques Pushing Nigerians To The Brink / Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians / How To Stop Loan Sharks From Getting Your Phone Contacts (2) (3) (4)

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Re: Loan Sharks Persist With Cruel Recovery Practices by generalwo(m): 6:50pm On Nov 11, 2022
Chris2863:
proud debtor grin
..... E no get who never owe before..... So thank you

6 Likes 1 Share

Re: Loan Sharks Persist With Cruel Recovery Practices by Chris2863(m): 6:53pm On Nov 11, 2022
generalwo:
..... E no get who never owe before..... So thank you
dey there dey yarn okpata

1 Like

Re: Loan Sharks Persist With Cruel Recovery Practices by FuckTheMod: 6:54pm On Nov 11, 2022
Thesaint141:
As I type right now Money in Minutes just debited my 16400 just because of 7k
How did you get to this?

YOU BROUGHT THIS UPON YOURSELF!

3 Likes 1 Share

Re: Loan Sharks Persist With Cruel Recovery Practices by remsonik(f): 6:59pm On Nov 11, 2022
That's how one of my neighbors ran away cos she was owing lapo money. It became a serious issue for the landlord for over 2 years as her apartment was under lock and key and they couldn't get their apartment back for rent

3 Likes 1 Share

Re: Loan Sharks Persist With Cruel Recovery Practices by generalwo(m): 7:08pm On Nov 11, 2022
Chris2863:
dey there dey yarn okpata
... With all due respect, Ogun kee you

1 Like

Re: Loan Sharks Persist With Cruel Recovery Practices by ruzell86: 7:11pm On Nov 11, 2022
FalseProphet1:

You would use your main phone number linked to your bvn to register but the phone which you would use to download the app would be the one with your fake contacts. When you're granting access to contact they would copy your fake contacts. While your main contact are in your main phone.
Lol, there is a normal way to do everything and there's a Nigerian way to do everything.

Reason the Country is like this.

1 Like

Re: Loan Sharks Persist With Cruel Recovery Practices by Krak(m): 7:15pm On Nov 11, 2022
Hezzyluv:
Some customers wouldn't even border to reading 2ru the terms and conditions of these loan sharks.

But I believe in a saner country, this nonsense will not and can never happen. Because sabotage from these loan sharks alone would make people 2be committing suicide.




Bother
Re: Loan Sharks Persist With Cruel Recovery Practices by BusinessPlan22: 7:16pm On Nov 11, 2022
TechCapon:
It's a lie, Nigerians borrow without intention of paying back. Loan apps now have a feature that allows you to extend your payment date if you can't afford to meet the payment deadline. Nothing stops you from extending your deadline instead of allowing yourself to be embarrassed. Some of my contacts have been embarrassed by loan apps shame dey catch me

Shame catch u, then hang urself na
Re: Loan Sharks Persist With Cruel Recovery Practices by sheystar(f): 7:18pm On Nov 11, 2022
Ekundayo7574:
Lol if you need a loan tell me I will tell u ways you can apply without them sending messagess to your contact
please how do it
Re: Loan Sharks Persist With Cruel Recovery Practices by sheystar(f): 7:19pm On Nov 11, 2022
Johndevmark:
collected about 320k from different loan apps and aint paying shit even if i get free money.

them don call me tire
really?
Re: Loan Sharks Persist With Cruel Recovery Practices by Chris2863(m): 7:22pm On Nov 11, 2022
generalwo:
... With all due respect, Ogun kee you
of course, most loan app borrowers are louts grin grin. Always miserable

2 Likes

Re: Loan Sharks Persist With Cruel Recovery Practices by generalwo(m): 7:27pm On Nov 11, 2022
Chris2863:
of course, most loan app borrowers are louts grin grin. Always miserable
..... I will keep borrowing so you can hang yourself... Ekuke

1 Like

Re: Loan Sharks Persist With Cruel Recovery Practices by 43Ronin: 7:28pm On Nov 11, 2022
Most people that patronise loan apps do so because they have destroyed their relationships with family, friends & their banks due to debt & refusal to pay back loans. Loan apps need more force to recoup their funds. Banks will give payday loan of 5% for 3 months yet nigerians will refuse to pay thats why they rush to loan apps hoping to beat the system but the loan apps too na awon werey

5 Likes 1 Share

Re: Loan Sharks Persist With Cruel Recovery Practices by pat077: 7:28pm On Nov 11, 2022
NotKnown:
They keep doing that again and again cos they know that there's nothing the government will do. Highest they will go behind and bribe them and the enforcers look the other way.

If govt was serious, just as they banned Twitter effectively they can also ban them, place a lein abi na lien on the accounts or PND on the accounts of the loan sharks. Cos I am. 100% sure people who collect loan from them pay back through Nigerian banks.

This is typical see finish. It's a slap on the face of the government. They just told them to the face that there's nothing government can do about it.

These days they have started printing fliers obituary fliers and print fake HIV status for defaulters just to shame them the more.

That's more than cruel. It's now barbaric.

The only thing is that if you have collected from them and then they shame you, don't ever pay back. That's the highest they can do.
All that threat to come to your house is a lie. All that arresting you and taking you to court na wash 100% cheesy

If you can endure and hold for 30 days they will give up and count it as a bad loan. However, don't collect again.
can they loan someone upto 50k?
Re: Loan Sharks Persist With Cruel Recovery Practices by Sosobricon: 7:33pm On Nov 11, 2022
Re: Loan Sharks Persist With Cruel Recovery Practices by Discountsempai: 7:42pm On Nov 11, 2022
Icumsa45:
One called my line telling me to take a loan, I asked how they got my number, madam keep quiet.

If you registered for a loan app, part of the T and C involves them sharing your number with other loan app companies too....

Read da fine print. smiley

2 Likes

Re: Loan Sharks Persist With Cruel Recovery Practices by Kingcalls: 7:43pm On Nov 11, 2022
BATified2023:
God bless loan sharks, Nigerians are d hardest to deal with when money is involved. At this stage of my life I have realized the best thing is never to allow your money enter anybody hand unless u want give am cos money given to Nigerians on d pretense of Loan is as good as gone

One guy use abeg borrow 15k from my hand n he promised to pay d following week,I call tire na excuse e reach one stage e no pick my call again for over 4 months ooo

One day wey I vex send am message he sent me 10k n since then none of us talk about d money again,I don learn my lesson

Na Nigeria u go borrow person money u go ask am for your money e go tell u say call me by 8pm

U go call am by that time n he will tell u

Oga u are disturbing me n before u know it e don end call

Once u borrow some people money them go clear u say last last make we go station make I write statement say I go dey pay u 1k per month

All in all don’t borrow people what u can’t give them

U only support evil....u sudnt b living amongst humans

1 Like 1 Share

Re: Loan Sharks Persist With Cruel Recovery Practices by Hezzyluv: 7:44pm On Nov 11, 2022
Krak:


Bother

The massage has been passed undecided
Re: Loan Sharks Persist With Cruel Recovery Practices by Krak(m): 7:47pm On Nov 11, 2022
Hezzyluv:


The massage has been passed undecided

Okay, don't bother.
Re: Loan Sharks Persist With Cruel Recovery Practices by Uchesis: 7:47pm On Nov 11, 2022
generalwo:
..... E no get who never owe before..... So thank you
No mind am. Even Nigeria dey owe trillions
Re: Loan Sharks Persist With Cruel Recovery Practices by Iskollysneh(m): 7:55pm On Nov 11, 2022
Ekundayo7574:
Lol if you need a loan tell me I will tell u ways you can apply without them sending messagess to your contact
Oya tell me more about it bro
Re: Loan Sharks Persist With Cruel Recovery Practices by Hezzyluv: 7:58pm On Nov 11, 2022
Krak:


Okay, don't bother.

grin
Re: Loan Sharks Persist With Cruel Recovery Practices by Brunosamel(m): 8:04pm On Nov 11, 2022
FalseProphet1:
Only an otondo would be embarrassed by a loan shark. If they choose to be ruthless then you must be smart.

Having seen how quick they are to defame their customers and you need money urgently but can't stand the embarrassment that comes with their money, buy a cheap fairly used Android phone (not your main phone with your contacts) store fake contacts on the phone and download their app and borrow money. If you default, they would be sending defaming messages to your fake contacts on the phone you used to download their app while your main contacts are in your phone safe.

That's how to follow them, if they insult you as 99% of them have bad mouth, insult their entire generation back and if it's a female tell her that you've locked her womb that she'll be barren for life. Threaten them with juju and tell them that they'll all die by accident before the end of the week, Las Las they're the ones who would beg you to pay. That's how you follow loan shark operators.

This I have seen.
That how I dealt with palm credit after threats I blocked them in all angle they were unable to reach me and my contact they start begging me to pay on whatsapp.

1 Like

Re: Loan Sharks Persist With Cruel Recovery Practices by Adanco: 8:05pm On Nov 11, 2022
[Past government? Nawa for u
quote author=successmatters post=118309550]This happens because of the evils of past governments.

Vote Wisely. [/quote]
Re: Loan Sharks Persist With Cruel Recovery Practices by abbey621(m): 8:11pm On Nov 11, 2022
Kingcalls:


U only support evil....u sudnt b living amongst humans

Evil is borrowing money you know fully well that you can't pay back, una owe friends, family, landlord, schools, hospitals etc, DEM SWEAR FOR UNA NI?

1 Like

Re: Loan Sharks Persist With Cruel Recovery Practices by Chris2863(m): 8:12pm On Nov 11, 2022
grin grin cheesy You people should stop disturbing our peace abeg grin
generalwo:
..... I will keep borrowing so you can hang yourself... Ekuke

1 Like

Re: Loan Sharks Persist With Cruel Recovery Practices by bobosh02(m): 8:26pm On Nov 11, 2022
ijustdey:


https://leadership.ng/loan-sharks-persist-with-cruel-recovery-practices/
FCCPC is one very useless and toothless organisation,they can't do anything.

1 Like

Re: Loan Sharks Persist With Cruel Recovery Practices by 211kamharida: 8:31pm On Nov 11, 2022
Please explain how? Wetin really happen?Please explain how? Wetin really happen?...
Re: Loan Sharks Persist With Cruel Recovery Practices by berryPee(m): 8:33pm On Nov 11, 2022
Abeg who help me see GEMSTONE MFB?? dem done tuama with our money cry cry cry cry cry cry cry cry cry cry cry cry
Re: Loan Sharks Persist With Cruel Recovery Practices by luluosas(m): 8:35pm On Nov 11, 2022
Try Migo and Easemoni, they don't engage in such rubbish
Re: Loan Sharks Persist With Cruel Recovery Practices by Kingstanding: 8:37pm On Nov 11, 2022
Hezzyluv:
Some customers wouldn't even bother reading 2ru the terms and conditions of these loan sharks.

But I believe in a saner country, this nonsense will not and can never happen. Because sabotage from these loan sharks alone would make people 2be committing suicide.

. In England where I reside you don't need any collateral before your bank gives you a loan once your credit score is good. If the bank in UK loan you like ten thousand pounds and you didn't pay the money back the only thing they will do is to write you and they will never come to your house. Though it will affect the borrower because they will send the persons name to credit and whenever you want to borrow money or you wanna buy something on credit it will decline and it will take good five years before your name can be cleaned.

2 Likes

Re: Loan Sharks Persist With Cruel Recovery Practices by Sosobricon: 8:42pm On Nov 11, 2022

https://www.youtube.com/watch?v=U1-n6TmS5bI


MOST DEMONIC LOAN APP IN NIGERIA
BEWARE[color=#990000][/color]

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