₦airaland Forum

Feldie:
terms or no terms, a crime is a crime. Exploiting vulnerable people is a evil. They operate illegally because no law anywhere on earth support demanding 50% interest in 7 days. That's simply against the law and whether or not a vulnerable and desperate person agree to it out of frustration doesn't make it legal. Everyone should borrow from them and never repay until they suffer so much losses and crawl back to whatever hole they crawled out from

and u don't know lending money and not wanting paying back is a crime too?
oh because ur crook leaders are doing it and we have useless police, u think it's legal?

SilentEmma:
Lolz... Cause they know that's the best way to get gullible people to patronise them... Nigerians love sweet things...

But nah God go punish them for all those lies...

I swear but I wan ask something oo
When you borrow the 400k shey them write the return package before u borrow the money or na after Dem give you the 400k Dem com talk say na 8 months u go pay back

Absolutely nothing wrong with this message now, you go borrow money nobody beg you go to go collect money na you go by yourself and now you no wan pay. Anything wa your eyes see so make you collect am.

Marc3500:
I swear but I wan ask something oo
When you borrow the 400k shey them write the return package before u borrow the money or na after Dem give you the 400k Dem com talk say na 8 months u go pay back

Fairmoney is straightforward, everything there is clear to u... You see everything there before you proceed, the amount eligible to be borrowed, you select how you want to repay...

Fairmoney has no issue, just that ... Things bad for me, I really regret owing them...

See illiterates wey these companies dey employ.


The idìot can't even construct a simple meaningful sentence..... Jargons everywhere.

LoanShark:
We are also running a business and providing a service, the problem is that Nigerians do not like to repay loans

Your modus operandi is fraudulent and that is why you resort to blackmails in recovering loans. Coupled with the exorbitant interests you charge which, in most cases, you don't disclose until people have fallen into the traps of taking your loans out of desperation. Genuine money lending institutions like banks don't work like that.

If na me nothing go make me pay them that money again

Obviously the damage has been done. How does the subject regain her tarnished image after this crap?

Nnamdipapa:
Sometimes it is hard to blame these people as it is the kind of environment prevalent in Nigeria. Over 95% of the average Nigerian borrow with intentions not to repay and these people are into business to make money.

I honestly do not blame these loan companies as they have to resort to whatever means to stay in business.

ode! With overrated interest abi?

santaclaws:
These loan apps should be avoided at all cost cos they've done more harm than good. Better to borrow money from family and friends than to use loan apps.

They are always tarnishing people's image once the person fails to pay back on the stipulated date. Even if the person is on the hospital bed, they don't care. Very callous set of people.

They should actually be banned cos those loans are just being used to exploit Nigerians. High interest rate, short repayment period... CBN isn't doing its job cos these people have violated a lot of ethical banking codes...

You should have gone CBN or other commercial banks to get the loan. Instead of encouraging borrowers to payback their loan, are here blaming loan app who are frustrated by bad debtors

Jman06:
Your modus operandi is fraudulent and that is why you resort to blackmails in recovering loans. Coupled with the exorbitant interests you charge which, in most cases, you don't disclose until people have fallen into the traps of taking your loans out of desperation. Genuine money lending institutions like banks don't work like that.

EmperorCaesar:

Umaru, You need to start taking your drugs bro
Its obvious that the last time you had a nice night was the day Yaradua died

The guy is Igbo

ClassicMan202:
The truth is 90% of Nigerians borrow money without the intention of paying back...

The lenders themselves are not without faults either, why would you charge exorbitant interest rates?



From research and observations, e.g read the comments from this thread, you will see for yourself.

If you are asked where you get this your bogus data from, nothing just vibes. I really hate seeing people just drop numbers for likes and interactions.

oliverwrites:
If you can

1. Create a video showing you logging into one of the apps and your nairaland account to prove the loan actually exists

2. Allow me pay directly to them, I will assist you with a maximum of 50k.

The ball is in your court. Follow me and I will follow you back so we can DM each other.

Anyone else on this forum who contacts me is wasting his or her time, I will only help one person.

God bless you richly Sir, I feel happy seeing people like you help out in circumstances like this. Your pocket will never run dry, Amen

gigabyte13:
I want to say
Ameeeeeeeeeen to your prayers
God provide for you and bless your hustle to pay these loans and have more to never ever go to borrowing again

I say a big Amen to this your prayer, he will become a lender instead....... yahweh can do it

sonssyo:
God bless you richly Sir, I feel happy seeing people like you help out in circumstances like this. Your pocket will never run dry, Amen

He must be an angel sent to relieve me from the thought of suicide, I being moved with tears of emotions currently... Don't know how to thank him... Will definitely come back and testify with screenshots

Nnamdipapa:
Sometimes it is hard to blame these people as it is the kind of environment prevalent in Nigeria. Over 95% of the average Nigerian borrow with intentions not to repay and these people are into business to make money.

I honestly do not blame these loan companies as they have to resort to whatever means to stay in business.

Meaning you support defamation of character & character assassination by these people.
The fact is that most of the loan app operators are equally desperate. Why operate different apps & grant more loans to a desperate individual in disguise of helping them. The interest rate they display is not what they eventually ask borrowers to repay. It's indirect exploitation & obtaining by tricks. Their transactions are not transparent, very unprofessional & gives the country a bad name. The FG needs to investigate & if possible ban their operations. There must be clear guidelines on their operations.

Okbaba:
You should have gone CBN or other commercial banks to get the loan. Instead of encouraging borrowers to payback their loan, are here blaming loan app who are frustrated by bad debtors

Even if you're working for a loan app, try to reason before commenting. So because someone is owing a loan app, they have the right to destroy the person's image and tell lies about the person like that? Which law in Nigeria supports such things? 🤔

You don't even know what's legal and illegal, you just came online to yap. 🙄

We4all:
I woke up to hear my phone bleep, and when I scrolled through the message, I shook my head in disbelief. How far will these loan apps go? Attached is a screenshot of the message. To the commenter below, the message was sent to my phone and probably to others as well to defame the loan defaulter. I can't even recall where I met the person at the center of this mess, but she sure had my contact saved on her phone.

DO they still do this? I thought CBN stopped them?

Dear defaulter, offset your loans.

SilentEmma:
He must be an angel sent to relieve me from the thought of suicide, I being moved with tears of emotions currently... Don't know how to thank him... Will definitely come back and testify with screenshots

Never you commit suicide because of owning, I wish me self can help but just today I was offered an admission for Doctorate degree, Lots of expense dey my head now, but I'm pretty sure that God will make a way for you and thereafter don't borrow again from any of them for any reason whatsoever, they can never be the last resort

dawnomike:
My poster for you is that God will bless the work of your hands and fortune will smile on you so that you'll not have reasons to ever borrow from Loan sharks again...

Those people have no joy when they wanna recover their funds.

Amen.

ceejay80s:
oga go pay ur money,
u are all thieves

That is why you are black of black race and of third world, always leaping before looking, always talking and never listening, always judging but never wants to get judged, always backward and perpetually backward.

Keep loafing, keep going one way just like who you are ...ZOMBIE

LoanShark:
The problem is that most times people who have no means to pay back also collect these loans so even if you get a Global debit instruction you might still not recover anything at the end of the day even though you have spent additional money to get the necessary approvals

It's not in the terms and conditions of the loan to harass people by any means necessary. It's breach of trust and could lead to serious legal battle by a serious customer or government.


People get get loans because they don't have the money at that particular moment but that's where credit score comes in . Credit score is used to determine the amount individual is capable of paying back .

If a loan is approved according to credit score,there won't be a way the money won't be recovered through CBN's BVN which is linked to all the customer's account except he doesn't want to use bank anymore till his demise .

sonssyo:
Never you commit suicide because of owning, I wish me self can help but just today I was offered an admission for Doctorate degree, Lots of expense dey my head now, but I'm pretty sure that God will make a way for you and thereafter don't borrow again from any of them for any reason whatsoever, they can never be the last resort

God bless you ma, you have actually helped in a long way, by not castigating me, many don't know what people are facing and their harsh words go a long way to even worsen the situation... No one will, though me... I never prayed to be in this situation but circumstances led to this

People like you who give out kind words ... Have actually helped many of us to have renewed hope...

Congrats for your admission, may evil never reach our side as we struggle in this country... God bless

SilentEmma:
I am currently owing
1. Okash
2. Branch
3. New credit
4. Xcross cash
5. Fairmoney

And they are all due... Not that I am not making efforts to pay them back, I am...

The country is too hard...

Though for now I only receive calls and constant reminders from anyone of them, that if I don't pay they will report my bvn to credit bureau... Sometimes branch and Fairmoney will tell me they will take legal action...

None of my contacts have called me yet to report any form of defamation yet...

I just hope and believe that these five loan apps I am owing are part of the ones that done defame... God go help me out to pay them all...

Jesus! You are wicked.
When curse start to visit your generation now dem go dey run up and down to find the cause. Because your own case is already settled. Chai!!🙆🏻

ponishah:
That is why you are black of black race and of third world, always leaping before looking, always talking and never listening, always judging but never wants to get judged, always backward and perpetually backward.

Keep loafing, keep going one way just like who you are ...ZOMBIE

thief....all u crave for us to steal from them

Zackattack:
Jesus! You are wicked.
When curse start to visit your generation now dem go dey run up and down to find the cause. Because your own case is already settled. Chai!!🙆🏻

Ok I believe you are currently doing well in life and you don't have any reason whatsoever to be in need of assistance and when u don't get any, resort to loan apps, that's not my prayer for you ...

But if you are in a position to assist me get out of this mess, nothing is too small, pls help me so I don't suffer and my generation too will be free...

Nigeria is not easy for many of us...

Those loan app are scammers imagine this Apex lending credited me with 20k without requesting for the loan and they told me to pay 32k within 30days and I immediately chatted their agent and he told me to return the money immediately that it's is a glitch and I returned that money immediately because I don't need any loan and they are now calling me for interest and overdue thank God that I screenshot the evidence of chatting between me and their agent in case of future and I promised to report them to nearest police station if they blackmail me again....

Who no get money take pay back loan app na him go get money dey go court dey sue for defamation.

Una dey make person laugh

LoanShark:
School no be scam!

so because you make correction you dey droll with spit full mouth, idiot.

SilentEmma:
I am currently owing
1. Okash
2. Branch
3. New credit
4. Xcross cash
5. Fairmoney

And they are all due... Not that I am not making efforts to pay them back, I am...

The country is too hard...

Though for now I only receive calls and constant reminders from anyone of them, that if I don't pay they will report my bvn to credit bureau... Sometimes branch and Fairmoney will tell me they will take legal action...

None of my contacts have called me yet to report any form of defamation yet...

I just hope and believe that these five loan apps I am owing are part of the ones that done defame... God go help me out to pay them all...

I am sure you didn’t have the intention of paying them back even before you applied for the loans. Why would you borrow money from five different institutions ?

ceejay80s:
most people blame loan sharks, but why will someone borrow and refuse to pay back
make we dey tell ourselves truth ,
if the borrower had paid back , the lender will have no course to complain,
most of these borrowers are evil and wicked. the main motive is not to return the money
,
as u see me so, I hate borrowing money

You are talking rubbish. For your information, I have never taken any loan from these useless people behind loan apps. Everything has a process. If you are running a loan business, you should know with all certainty that not everyone will pay back at the right time. Banks go through the same problem, have you ever seen any bank damaging the image of their clients. They go through normal ways allowed to recover their money.

Ringstonermask:
what is the source of ur statistics ogar ?

Stop spoiling our country with ur primitive maths.

Ok, noted

Please read the comments and tell me what you observe.