₦airaland Forum

LoanShark:
Please suggest just one better means to take down loan defaulters after you have tried all your possible best

Gbadugbakun:
Use OPAY

Blitzking:
Borrowing is expensive...90k to pay 129k..200k to pay 315k...60k to pay 95k all in 6 months naso loan app be..

Domainer1999:
From which book was this page curled from Sir?

davies:
The loan app or credit facilitators are dumb to do this cos will this pay the loan.
I personally defaulted palmpay flexi cos those guys are stupid set of c
People. You call people and humiliate them and expect them to pay you,yet you keep increasing the same money that hasn't been paid.
Government need to step into this loan sharks matter cos even the normal conventional bank wont do this shit.

essentialone1:
If you must take loan, take from only your friends and family members.

If you do not have close friends or family members who can loan money to you when you really need it, it is your fault.

davies:
The loan app or credit facilitators are dumb to do this cos will this pay the loan.

Zico5:
Opay no dey give daily interest

Wuminity:
They do.

Move your funds to Owealth on the opay app, you'll receive daily interest on your balance in the account.

DaddyCoool:
Why? What's wrong with borrowing from App and
refusing to pay back?

backtalkG:
see their cone heads

Biznesworld:

https://www.youtube.com/watch?v=qln-UvYNqX0

Loan companies have taken to social media platform TikTok to shame and mock loan defaulters by posting their passport details online. This alarming practice aims to publicly humiliate individuals who have failed to repay their loans, in an attempt to coerce them into settling their debts.

The move has sparked widespread criticism, with many condemning the tactic as unethical and invasive. Privacy concerns are being raised, as sensitive personal information is being shared without consent.

Regulatory bodies and authorities are being urged to intervene and establish stricter guidelines for loan companies to prevent such exploitative practices.




https://www.google.com/amp/s/punchng.com/loan-app-sparks-outrage-by-posting-87-debtors-photos-online/%3famp

Blitzking:
Borrowing is expensive...90k to pay 129k..200k to pay 315k...60k to pay 95k all in 6 months naso loan app be..

Trendtips:
Very true but it's everywhere not just Nigerians

LoanShark:
Notify the legal authorities so that they will do what?

Will they go and recover the loans for you?

Zico5:
At times it's very difficult to get funds but loan app should not be an alternative. My issue is flexi that palmpay put in their app. At times u will want to withdraw money from your account and u will mistakenly press their flexi. They won't even give u the chance to correct it. They will credit you and demand for interest immediately. Is there anyway one can remove this totally

LoanShark:
Notify the legal authorities so that they will do what?

Will they go and recover the loans for you?

nedekid:
Hang on, what legal means do you mean?
Do you suggest a loan app company should pay lawyers to sue a person that borrowed 30k, 40k, even 500k? How much will you pay lawyers and how many years will it be in court, what of inflation? Even if the company is able to get justice in court, is it enforceable? How many of those people have assets to recover, what of the cost of getting bailiffs along with police to enforce the judgement?
.

Kobojunkie:
That is not what it means since the companies can continue to damage the people as they see fit. In a place like Nigeria where the right of the individual can be easily trampled on, if care is not taken, these people can even be kidnapped only to have an organ extracted as payment.

Treasure17:
You are right but ours is on another level. Have lost count on people who went mute with my money.

danvon:
There is nothing stopping them from including the legal cost in their prosecution

Even they spend all that money, most Nigerians (especially defaulters) are terrified of prison, a defaulter might not care about his reputation but he would care about eating watery beans with a bunch a sexually starved deviants. That would probably a better scaring the next set of defaulters into behaving.

They have done their worst in this case

Trendtips:
So sorry about that. It must have hurt alot

lauzun:
@the bolded; Kobo, you no well ooo...😂😂😂😂