₦airaland Forum

Hi, Good day guys!
I don't know if this is the right category to drop this or not. In any case, Mod should please help me push this to the front page. I need solid solutions.

I'm a federal government staff. My salary is around 180k, but I'm servicing over 5 loans right now, and I end up with less than 10k in my account. While some are due to end in 2-3 months, others are up to a year or more.
I took these loans out of inexperience, and misused them in failed business endeavors. Now, I'm paying for it.
Is it possible to find a Company that can help consolidate these loans for me in a single loan with lower interest and extended deduction timeframe like 36 months. Company can directly pay up the companies I owe, without disbursing to my account. The amount to liquidate all these loans shouldn't be more than 1.6 mil. And I want a company that can give me the chance to liquidate my loan anytime.

Thank you.

Unfortunately, no such services are available here in Nigeria. No refinancing, no restructuring.

HeatSeeker:
Unfortunately, no such services are available here in Nigeria. No refinancing, no restructuring.

It's really unfortunate. I did search tirelessly through Google, but couldn't find any.

itsabdul:
It's really unfortunate. I did search tirelessly through Google, but couldn't find any.

Just settle one loan at a time. You cannot service all simultaneously. Start with the smallest then gradually move up to the biggest.

HeatSeeker:
Just settle one loan at a time. You cannot service all simultaneously. Start with the smallest then gradually move up to the biggest.

Might be the best way to go about it.
Thank you.

..

itsabdul:
Hi, Good day guys!
I don't know if this is the right category to drop this or not. In any case, Mod should please help me push this to the front page. I need solid solutions.

I'm a federal government staff. My salary is around 180k, but I'm servicing over 5 loans right now, and I end up with less than 10k in my account. While some are due to end in 2-3 months, others are up to a year or more.
I took these loans out of inexperience, and misused them in failed business endeavors. Now, I'm paying for it.
Is it possible to find a Company that can help consolidate these loans for me in a single loan with lower interest and extended deduction timeframe like 36 months. Company can directly pay up the companies I owe, without disbursing to my account. The amount to liquidate all these loans shouldn't be more than 1.6 mil. And I want a company that can give me the chance to liquidate my loan anytime.

Thank you.

You're not likely to find a loan company that will be ready to take the risk of giving you an unsecured loan of N1.6 million to pay off all your loans because your monthly salary is quite low

LoanShark:
You're not likely to find a loan company that will be ready to take the risk of giving you an unsecured loan of N1.6 million to pay off all your loans because your monthly salary is quite low

Thanks for this piece.