₦airaland Forum

Lols

Ma no talk my own.

NewDigitalWorld:
Yes oooo, that's the main Koko...

Try to pay your loan

Where you're given 500k and expected to pay 1,088,000 and your monthly delayed payments keep accumulating until you lose touch of how much you're actually owing.
Then they start harassing people on your contact.
They went as far as sending me a video where some folks were butchering someone like some party goat, claiming that a friend of mine was one of those guys, just to tarnish his imagine.
Only God knows how many people they had to send that video to.
Is that how to even recover a loan?
Gush!
Very disgusting people.
I told him not to pay them shishi again,no matter the amount left

LoanShark:
FCCPC should also tell them to pay back their loans!

Loan shark spotted!

I think loan sharks are fetish people.

I don't believe they are normal human beings at all.


Borrower: please give me till 4pm today.

Loan shark: its like u want to be mad and unfortunate abi. Let me not see that money in 30 mins then you will see what will happen to you... You think I have time to be waiting till 4 pm? Ur not serious at all. Pay me my my money now!!!

bluefilm:
I don't blame the Loan Apps

So many Nigerians are horrible when it comes to paying back debts

If you do not understand what loan sharks mean, Google is your friend.

Ororocelemi:
If I pay fair money complete na me f*ck up

I borrowed #250 to pay back #418 kilode
I don pay the #250 but the Interest otilo

But you get mind sha, borrow #250 to pay #418. That is like a interest of #168 k. This loan guys are really sucking Nigerians with this their excessive interest.

blowjohn:
I think loan sharks are fetish people.

I don't believe they are normal human beings at all.


Borrower: please give me till 4pm today.

Loan shark: its like u want to be mad and unfortunate abi. Let me not see that money in 30 mins then you will see what will happen to you... You think I have time to be waiting till 4 pm? Ur not serious at all. Pay me my my money now!!!

That's sooooo rude!

This loan sharks are quite capable of ruining lives. They will deliberately trap you with loan while you watch helplessly as overdue charges being accumulated on daily basis.
It's better to ask a family member, relative or colleagues for money and pay back later because it's better to go through lesser shame than being traumatized by the loan sharks.

Ororocelemi:
If I pay fair money complete na me f*ck up

I borrowed #250 to pay back #418 kilode
I don pay the #250 but the Interest otilo

I don’t understand
250 naira?
What did you use 250 naira for abeg

But they failed to supply the phone no or email to report to, they can do well by providing this.

faceland:
Our people.

They have already scam your phone number. If you ignore their call, it is your loved ones they harass and humiliate.

If any loan app call my contacts. I will tell the loan app to collect their money from the contact they called. Shey Na me dey owe Abi Na my contact. Anyways I never see until then

benjaminlawson:
But they failed to supply the phone no or email to report to, they can do well by providing this.

Una dey read so?
Una deserve wettin loan sharks dey do to Una.

Nice initiative
What about helping the loan apps to get back their money from crooks?

Ororocelemi:
If I pay fair money complete na me f*ck up

I borrowed #250 to pay back #418 kilode
I don pay the #250 but the Interest otilo

Dem go pkopko u tire.

I was told that my bvn and all acct will be frozen,
Pls can someone help me with this kind of treats,
Should I be scared,
The email came from cbn

xpressionx:
Nigerians no dey pay loan.

But the recovery process of these loan sharks dey very bad

Oga don't talk like that. There is what dey call due date. That's a particular set date you are to pay back the loan you took. If that money enter the next day, Na Gbos gbas .

Deathisreal2024:
I was told that my bvn and all acct will be frozen,
Pls can someone help me with this kind of treats,
Should I be scared,
The email came from cbn

Hahahaha if them freez your Account, how you won take pay back the loan. Waiting concern CBN with loan shark. Alaye no level.

NewDigitalWorld:
Step-by-step guide to report loan apps harassing you – FCCPC

The Federal Competition and Consumer Protection Commission (FCCPC) has provided Nigerians with a detailed guide on how to report loan apps that engage in harassment, particularly after loan repayment failures.

Online loan apps have become a popular choice for many Nigerians seeking quick financial relief. However, some lenders resort to aggressive tactics, including sending embarrassing messages — sometimes with personal photos — to the borrowers’ contacts when repayments are delayed. These actions have led to significant distress, with victims losing jobs and facing public humiliation.

In response to growing concerns, the FCCPC reiterated its commitment to safeguarding consumer rights. The Commission encourages Nigerians to report any instances of harassment from loan apps.

Here’s how to report:

Email: Send complaints to contact@fccpc.gov.ng.

Social Media: Message FCCPC directly on X.

Website: Visit fccpc.gov.ng, navigate to the “File a Complaint” section, and fill in your details. You’ll need to provide information such as the loan app’s name, contact details, loan amount, and a description of the issue.

The FCCPC assures consumers that their rights are being protected and businesses will be held accountable for unfair practices.

Source: https://guardian.ng/news/step-by-step-to-report-loan-apps-harassing-you-fccpc/#google_vignette

If you are owing any loan app and has refused to pay, this might not work for you o.

According to Wike.......Agreement is agreement

jimmyolasun:
Make I go report all the 7 loans company wey dey post my picture for Tiktok 😞😞

Oga go and pay ur loan why Nigerians dey do like this

Bro see the email received from cbn

TO WHOM IT MAY CONCERN,
We now inform you that your BVN Details has been received from a lending platform NCREDIT APP For account flagged and frozen due to a long overdue unpaid loan breaching the company's agreement with you to pay on a specific date . Therefore following this submission from NCREDIT APP NIGERIAN REPRESENTING CHINA LEGAL LOAN to impede your bvn , please be informed that we would go ahead in the next 24hours if a feedback on a loan clearance hasn't been send back to CBN SANCTIONING IN PARTNER WITH FCCPC DEPARTMENT in order to acknowledge that the loan has been sorted out, we won't have any alternative than to put a restrictions on all accounts that links to your BVN Details. We would indicate that your account has been flagged for irregularities or fraudulent activities, thereby leading to restrictions on financial transactions and withdrawals and image tarnishing of your national identity.
THANKS,
Your sincerely,
CBN SANCTIONING DEPARTMENT.
FCCPC.

Thomthom:
Hahahaha if them freez your Account, how you won take pay back the loan. Waiting concern CBN with loan shark. Alaye no level.

Deathisreal2024:
I was told that my bvn and all acct will be frozen,
Pls can someone help me with this kind of treats,
Should I be scared,
The email came from cbn

Just ignore it is an empty threat.

Loan repayment within 7 days and 60% interest. Before the 7 days expired.... they will be callings you 100 times daily.

Ororocelemi:
If I pay fair money complete na me f*ck up

I borrowed #250 to pay back #418 kilode
I don pay the #250 but the Interest otilo

to pay back after how many months..if na one month u fukkkk up it's ok if it's 1 yr

na mumu dey fear loan shark!

LoanShark:
FCCPC should also tell them to pay back their loans!

help dem naa!

faceland:
Which civil servant would accept their endless phone calls without bribe. By next month, they would call but no one would pick (as long as it is government workers)

That is not true. NCC is an agency of government, and they work perfectly well and effectively, without asking for any bribe or dime from you, it depends on who heads the commission.

The loan apps especially T loan and Cash run one have to avoid borrowing money from them. They are terrible set of mad people .

Is04970:
I have a case in court with EaseCash.
They called my contacts on my due date even after making part payment of what I was supposed to pay earlier that day. It's a fight to the end.
The told my contacts I'm on the run with company money. Before then I was never a day overdue.
I pay before due dates. I mostly needed the money for emergencies and this time around because I had issues with transfer from my GTBank to Opay.

They give you a loan for 7 days then call you on the 6th day to tell you that your loan is over due. When you try to complain they say they use Chinese calendar.

It looks as if loan app operators dey plenty for nairaland oo. At least people take loans from banks, and they don't behave stupidly like the loan app shylocks. For your information, i have never collected any loan from any loan app. I can never even collect any loan from them, because most of them are shylocks, greedy, selfish and stupid. Before they start calling contacts, they suppose to have exploited all possible alternatives in resolving the matter, then if there is no positive result, then you can take other means to collect your money. This is how banks work

Ororocelemi:
If I pay fair money complete na me f*ck up

I borrowed #250 to pay back #418 kilode
I don pay the #250 but the Interest otilo

The interest rates are too much and downright obscene. In desperation, Nigerians will accept the terms but repayment will become a nightmare.

Deathisreal2024:
Bro see the email received from cbn

TO WHOM IT MAY CONCERN,
We now inform you that your BVN Details has been received from a lending platform NCREDIT APP For account flagged and frozen due to a long overdue unpaid loan breaching the company's agreement with you to pay on a specific date . Therefore following this submission from NCREDIT APP NIGERIAN REPRESENTING CHINA LEGAL LOAN to impede your bvn , please be informed that we would go ahead in the next 24hours if a feedback on a loan clearance hasn't been send back to CBN SANCTIONING IN PARTNER WITH FCCPC DEPARTMENT in order to acknowledge that the loan has been sorted out, we won't have any alternative than to put a restrictions on all accounts that links to your BVN Details. We would indicate that your account has been flagged for irregularities or fraudulent activities, thereby leading to restrictions on financial transactions and withdrawals and image tarnishing of your national identity.
THANKS,
Your sincerely,
CBN SANCTIONING DEPARTMENT.
FCCPC.

This message is not from CBN alaye. Do you see the part of image tarnishing of your National Identity.