₦airaland Forum

I plan on taking a loan of 400k from fairmoney.

I am taking the loan knowing fully well that I cannot pay back 900k in 9 months.( Which is what they are asking me to pay back. 100k monthly)

I am investing in waste recycling and before I make a single dime from the business, it should take about 6 months.

I plan on paying back like 600k when I'm done, that's like ending of the year.

My question is will you guys prefer I take the money and don't pay back at all and you can keep adding your interests

or I take the money and pay back only 600k by December and you clear my debts.

Versitee:
I plan on taking a loan of 400k from fairmoney.

I am taking the loan knowing fully well that I cannot pay back 900k in 9 months.( Which is what they are asking me to pay back. 100k monthly)

I am investing in waste recycling and before I make a single dime from the business, it should take about 6 months.

I plan on paying back like 600k when I'm done, that's like ending of the year.

My question is will you guys prefer I take the money and don't pay back at all and you can keep adding your interests

or I take the money and pay back only 600k by December and you clear my debts.

is it your first loan with them?

Johnames:
is it your first loan with them?

Nope. I have taken little money multiple times and paid back

Versitee:
Nope. I have taken little money multiple times and paid back

I won't advise you to go ahead with the loan, since you won't be able to pay back completely, you should source for other loan options with lower interest

Johnames:
I won't advise you to go ahead with the loan, since you won't be able to pay back completely, you should source for other loan options with lower interest

Where will I get it?

Versitee:
Where will I get it?

friends or family, where do you base?

Versitee:
Where will I get it?

if you must use them, look for way of paying them their complete money, because they are licensed

Johnames:
friends or family, where do you base?

Just moved to enugu

Johnames:
if you must use them, look for way of paying them their complete money, because they are licensed

Hmm

Versitee:
Just moved to enugu

how far bro, that man later help you with that loan?

Johnames:
how far bro, that man later help you with that loan?

Lol. For where

I think the guy is a loan app agent who wanted to get my number and picture.

I mess up big time.

Versitee:
Lol. For where

I think the guy is a loan app agent who wanted to get my number and picture.

I mess up big time.

what happened? Why do you think so?

Johnames:
if you must use them, look for way of paying them their complete money, because they are licensed

What you are indirectly saying is that even if you take a loan from a friend you will not pay back except it is from a licenced loan company because they are the ones who have capacity to report or flag your BVN

Johnames:
what happened? Why do you think so?

He told me I am not staying in Lagos, so he cannot help me. But was he not supposed to ask first before jumping to help?

Next thing, he said I should upload my photo because no one would help me without seeing my picture, bvn, nin etc.

But he just said I am not in Lagos. So make it make sense

Versitee:
He told me I am not staying in Lagos, so he cannot help me. But was he not supposed to ask first before jumping to help?

Next thing, he said I should upload my photo because no one would help me without seeing my picture, bvn, nin etc.

But he just said I am not in Lagos. So make it make sense

the offer looks too good to be true