₦airaland Forum

Hi guys.
I don't know how to say this.
Currently I am owing not less 7 loan apps with five of them being very huge amounts. It all started when I had a medical emergency and had to do surgery on my nose. That was July last year. I took a huge loan from fairmoney hoping to pay back since I was working. Unfortunately, I lost my job that same July, at the end of the month.

From that moment, I started taking from one loan app to pay the other hoping for a change in situation, but my situation never improved as I never got a job since then. Fast forward today and all my options have finished. I don't want to keep borrowing from one loan app to pay the other. I have numerous loans that are due and some that will be due this January.

In fact, my total repayment for this month, January is up to a million.

Here are the loans that are overdue
Okash 120k
Easemoni 105k
Palmcredit 85k
Newcredit 85k
Fairmoney 243k

Then upcoming payments for this month January are
Easemoni 160k
Okash 190k
Carbon 11k
Branch 45k

In total, I owe 1m to pay this January.
The overdue easemoni and okash are lower because I have paid some of it. But the overdue charges no be here.

I can't continue to borrow from one loan app to service another. It is what placed me in this crushing debt in the first place.

Any advice or help is appreciated.

Nigeriahasfutur:
Hi guys.
I don't know how to say this.
Currently I am owing not less 7 loan apps with five of them being very huge amounts. It all started when I had a medical emergency and had to do surgery on my nose. That was July last year. I took a huge loan from fairmoney hoping to pay back since I was working. Unfortunately, I lost my job that same July, at the end of the month.

From that moment, I started taking from one loan app to pay the other hoping for a change in situation, but my situation never improved as I never got a job since then. Fast forward today and all my options have finished. I don't want to keep borrowing from one loan app to pay the other. I have numerous loans that are due and some that will be due this January.

In fact, my total repayment for this month, January is up to a million.

Here are the loans that are overdue
Okash 120k
Easemoni 105k
Palmcredit 85k
Newcredit 85k
Fairmoney 243k

Then upcoming payments for this month January are
Easemoni 160k
Okash 190k
Carbon 11k
Branch 45k

In total, I owe 1m to pay this January.
The overdue easemoni and okash are lower because I have paid some of it. But the overdue charges no be here.

I can't continue to borrow from one loan app to service another. It is what placed me in this crushing debt in the first place.

Any advice or help is appreciated.

Big lie, you can't owe okash and easymony at the same time as both are from the same company. You ever need to clear your debt before you can borrow from either of the two

Inshame3:
Big lie, you can't owe okash and easymony at the same time as both are from the same company. You ever need to clear your debt before you can borrow from either of the two

I borrowed from them when I had good credit score and never defaulted. I was borrowing from one to pay the other but now fowl yansh don blow.

I am overdue for my monthly payments for Okash and Easemoni. I also have upcoming payments this month for the same Okash and Easemoni.

The drvil is dancing shoki with ya head

Hisroyalbadmeat:
The drvil is dancing shoki with ya head

My brother naso I see am.
I send them mail begging them to restructure my loans and give me time, but they no gree

Inshame3:
Big lie, you can't owe okash and easymony at the same time as both are from the same company. You ever need to clear your debt before you can borrow from either of the two

See the current overdue for okash and easemoni.

Nigeriahasfutur:
See the current overdue for okash and easemoni.

May God send helper to you, I didn't believe this b4

Nigeriahasfutur:
Hi guys.
I don't know how to say this.
Currently I am owing not less 7 loan apps with five of them being very huge amounts. It all started when I had a medical emergency and had to do surgery on my nose. That was July last year. I took a huge loan from fairmoney hoping to pay back since I was working. Unfortunately, I lost my job that same July, at the end of the month.

Simple: DEFAULT on all of them, the world won't end

DaddyCoool:
Simple: DEFAULT on all of them, the world won't end

I must agree. And please come tell us how it pans out so we others can be taught by you.

DaddyCoool:
Simple: DEFAULT on all of them, the world won't end

But their disturbance have taya me. Omo to live with this their disturbance no easy oh.

budaatum:
I must agree. And please come tell us how it pans out so we others can be taught by you.

I am already defaulting on 5 already na. Except Fairmoney, the rest constantly call and disturb.

Palmcredit and Newcredit are the most vile with their constant threats and harrassment. A palmcredit agent even sent message to some of my contacts but did not include my name. See the message they sent below.

Easemoni and Okash agents are more professional than palmcredit. They threaten but don't harass. Besides they call often but not up to palmcredit and newcredit.

Fairmoney is professional and doesn't call often. Their overdue fees are also reasonable.

That is what I have experienced for now.

If there is nothing you can do to get money to settle them, then there is nothing you can do.

Just relax and be paying back whenever you get money. If they call you, answer them, tell them you will pay when you get money. If they send messages to your contact, it is not new,everyone know say country hard, the people they are sending the messages to may even be owing too. No reason to panic.

Nigeriahasfutur:
I am already defaulting on 5 already na. Except Fairmoney, the rest constantly call and disturb.

Palmcredit and Newcredit are the most vile with their constant threats and harrassment. A palmcredit agent even sent message to some of my contacts but did not include my name. See the message they sent below.

Easemoni and Okash agents are more professional than palmcredit. They threaten but don't harass. Besides they call often but not up to palmcredit and newcredit.

Fairmoney is professional and doesn't call often. Their overdue fees are also reasonable.

That is what I have experienced for now.

Well, you can't exactly expect them not to call for their money and harass the contacts you gave them.

I'd keep record of their harassment and report them to FCCPC, who have said they'd deal with them, though I cant say I believe they would.

https://www.nairaland.com/8198979/why-loan-sharks-like#131747500

Nigeriahasfutur:
But their disturbance have taya me. Omo to live with this their disturbance no easy oh.

budaatum:
I must agree. And please come tell us how it pans out so we others can be taught by you.

Just bear in mind they are breaking the law and they know it.
The ONLY thing a loan app can legally do is to refuse to give you loan next time. NL is full of advise of people who have walked away, like these

DaddyCoool:
Just bear in mind they are breaking the law and they know it.
The ONLY thing a loan app can legally do is to refuse to give you loan next time. NL is full of advise of people who have walked away, like these

I hope I get una mind. Me dey fear serious defamation .

How can you borrow money and not want to pay?

Imagine you owned the company, what would you do if someone else refused to pay you?

You guys are just evil. Pay them the loan you collected.

So fair money fit give you over 200k in loan, and when I need loan they only give me 50k,
Thunder faya fair money,

I need my 150k balance before the week runs out or else, heads will roll

PapaNnamdi:
So fair money fit give you over 200k in loan, and when I need loan they only give me 50k,
Thunder faya fair money,

I need my 150k balance before the week runs out or else, heads will roll

It depends on your credit score. At one time, my credit score was 740 over 800.
Omo dem just dey loan me high amounts.

Nigeriahasfutur:
It depends on your credit score. At one time, my credit score was 740 over 800.
Omo dem just dey loan me high amounts.

Now, if you try generate credit score for me, you go see nothing

Nigeriahasfutur:
I hope I get una mind. Me dey fear serious defamation .

Also bear in mind you're not alone. Lots of people have gone through or are going through same thing and they have formed support groups on Facebook and other apps sharing tips on how to deal with these cruel people

DaddyCoool:
Also bear in mind you're not alone. Lots of people have gone through or are going through same thing and they have formed support groups on Facebook and other apps sharing tips on how to deal with these criminals

Thanks for this, I will reach out to them. Thanks a lot.

Nigeriahasfutur:
Thanks for this, I will reach out to them. Thanks a lot.

Just remember it's not only you. These people need to be stopped because they are very unethical. And since govt wont stop them, the best way to do it is lots of people borrowing and defaulting!

DaddyCoool:
Just remember it's not only you. These people need to be stopped because they are very unethical. And since govt wont stop them, the best way to do it is lots of people borrowing and defaulting!

Are you a fellow defaulter .

Make I strong mind like your own.

Nigeriahasfutur:
It depends on your credit score. At one time, my credit score was 740 over 800.
Omo dem just dey loan me high amounts.

Oya help me loan 150k

DaddyCoool:
Just remember it's not only you. These people need to be stopped because they are very unethical. And since govt wont stop them, the best way to do it is lots of people borrowing and defaulting!

Kasongo yae yae 😊

Hope no repercussions,like visa denial and stuffs like that,

I will happily help my fellow Nigerians by borrowing and defaulting so they can be stopped

PapaNnamdi:
Oya help me loan 150k

Oga, E be like sey you no read my long epistle

I no fit borrow again. I'd rather die than borrow again. I am tired oga.

PapaNnamdi:
Kasongo yae yae 😊

Hope no repercussions,like visa denial and stuffs like that,

I will happily help my fellow Nigerians by borrowing and defaulting so they can be stopped

Abeg if you borrow, send some my way. You fit even put me as guarantor. They go call me tire no evidence

Nigeriahasfutur:
Are you a fellow defaulter .

Make I strong mind like your own.

Nah.. I can actually easily be a loan shark considering the ridiculously small amounts they lend. And that's why they do it - even if you don't pay the amount is too small to affect them

DaddyCoool:
Nah.. I can actually easily be a loan shark considering the ridiculously small amounts they lend. And that's why they do it - even if you don't pay the amount is too small to affect them

That is the problem, anybody can be a loan shark. That is why chinese have opened loan shark business all over the world in struggling economies. Nigeria, india, Philippines, kenya.

PapaNnamdi:
Kasongo yae yae 😊

Hope no repercussions,like visa denial and stuffs like that,

I will happily help my fellow Nigerians by borrowing and defaulting so they can be stopped

Just do it with sense and planning. There are tips in support groups as to how to beat them

DaddyCoool:
Just do it with sense and planning. There are tips in support groups as to how to beat them

The problem is that I downloaded and borrowed from the apps before I knew about all this copying of contacts before disbursing loans. If I knew, I wouldn't have left my usual contacts in my phone. I would have used funny contacts to borrow. By now I for get peace of mind.

Nigeriahasfutur:
That is the problem, anybody can be a loan shark. That is why chinese have opened loan shark business all over the world in struggling economies. Nigeria, india, Philippines, kenya.

Yep. It's an easy way to make money if you have a system to force MOST people to pay!