₦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 God forgive me for taking a loan that I know fully well that I can't pay back?

300% interest is like robbery with wireless laser bullets.

NO!!

God might forgive you but the law won't forgive you and na that one worst pass

Both you and FairMoney are like thieves trying to rob other thieves, charging a ridiculous 300% interest on a loan you already know will be difficult to repay in this tough economy. It’s nothing short of exploitation, preying on people’s desperation while disguising it as financial assistance. How do you expect anyone to get back on their feet when the debt keeps growing faster than their income?

Better cry to all family and friends to help you. Not later you will say you are depressed

Anyone who does a background check on you in the future it's over for you. You won't know what you did to yourself until it happens.

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 God forgive me for taking a loan that I know fully well that I can't pay back?

You be yahoo boi

fman:
You be yahoo boi

How

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 God forgive me for taking a loan that I know fully well that I can't pay back?

the thing is, will their disturbances ever give you peace of mind on the long run? Can you be able to sleep well knowing fully well how guilty you would have become to pay back? That money fit hook you for throat las, las

Afolue:
the thing is, will their disturbances ever give you peace of mind on the long run? Can you be able to sleep well knowing fully well how guilty you would have become to pay back? That money fit hook you for throat las, las

I will take away the sim from my fone for a while.

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 God forgive me for taking a loan that I know fully well that I can't pay back?

Since you'd be able to pay back the initial amount and a little on top when the year ends, then I would say yes, God will forgive you. This isn't really an unforgivable offense.

It's not as if you want to use the money for ventures that profit very little; meaningful hard-work is what God demands of us and he wants us to tow that path. He understands how much risk we might face on our path to financial liberation. The problem, from what you have said, seem to be the interest that would accrue over time.

Give or take, if you'd be able to pay the interest on the sum in a little less than twice the initial set date, then I'd say you are good provided you are able to offset the initial borrowed capital when you said you would offset it - which is when the year ends.

You can get in touch with FairMoney support to see how they could assist you in this regard though.

On another note, the interest on the borrowed sum is too much. They are taking greed to an unprecedented high. You have to pay back more than double what you borrowed in less than a year. Talk of making bricks without straw.

Baldwretch:
Since you'd be able to pay back the initial amount and a little on top when the year ends, then I would say yes, God will forgive you. This isn't really an unforgivable offense.

It's not as if you want to use the money for ventures that profit very little; meaningful hard-work is what God demands of us and he wants us to tow that path. He understands how much risk we might face on our path to financial liberation. The problem, from what you have said, seem to be the interest that would accrue over time.

Give or take, if you'd be able to pay the interest on the sum in a little less than twice the initial set date, then I'd say you are good provided you are able to offset the initial borrowed capital when you said you would offset it - which is when the year ends.

You can get in touch with FairMoney support to see how they could assist you in this regard though.

On another note, the interest on the borrowed sum is too much. They are taking greed to an unprecedented high. You have to pay back more than double what you borrowed in less than a year. Talk of making bricks without straw.

Thank you very much.
I wanted to contact them, but then I realized that if I do so before taking the loan, they might restrict me.

I believe I have to get the loan first before talking to them.

Versitee:
Thank you very much.
I wanted to contact them, but then I realized that if I do so before taking the loan, they might restrict me.

I believe I have to get the loan first before talking to them.

You don't have to contact them from the account you would be taking the loan from. You can contact them from an anonymous email.

Your question should be what you stated here, in all honesty. How they could assist you should you default in meeting the terms of agreement.

Just tell them everything you stated here. .

Someone once said because of man's habits that no good deed goes unpunished . You want to contact them to see how this good deed of yours (your blunt honesty to them about the situation) would go unpunished. To be frank, it would not be fair if you can't pay back the loan or even the capital after nine months.

Sit down and re-access the situation. Four-hundred thousand is chicken feed, but if there are other ventures you could venture into, or that could give your a quicker ROI than recycling waste, then I would say - go for it. Unfortunately, I don't know of any.

Versitee:
My question is will God forgive me for taking a loan that I know fully well that I can't pay back?

wetin concern God and your loan?
shey na Jesus BVN & NIN you wan use collect the loan?

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 God forgive me for taking a loan that I know fully well that I can't pay back?

Take it and don't pay back. Fairmoney is also fraudulent. They debited me three times for failed transactions without refunding my money. I contacted them but they kept posting me.

They made me think twice about Fintechs. I don't save money in Fintechs anymore.

Those are predatory interest rates. Don't do it

Versitee:
Thank you very much.
I wanted to contact them, but then I realized that if I do so before taking the loan, they might restrict me.

I believe I have to get the loan first before talking to them.

Take the loan, then pay what you can. They can't do nada. If you later blow for future, you fit complete am.

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 God forgive me for taking a loan that I know fully well that I can't pay back?

I can loan you the N400k. You will pay me back N650k by end of the year.

God has nothing to do with it. If i give the loan, you will pay back.

Drop your contact and we will discuss terms and conditions later. My intention is to help you so that you don't fall victim to crazy interest rates.

God forgives all sins, I think you should be more worried about the company's disturbance than God....

matrix199:
Take it and don't pay back. Fairmoney is also fraudulent. They debited me three times for failed transactions without refunding my money. I contacted them but they kept posting me.

They made me think twice about Fintechs. I don't save money in Fintechs anymore.

I just have cold feet cos I don't really know future implications on visa and others

akwesenana:
Take the loan, then pay what you can. They can't do nada. If you later blow for future, you fit complete am.

Their interest rate go still dey pile up

koning:
I can loan you the N400k. You will pay me back N650k by end of the year.

God has nothing to do with it. If i give the loan, you will pay back.

Drop your contact and we will discuss terms and conditions later. My intention is to help you so that you don't fall victim to crazy interest rates.

I have messaged you on your recent thread

Versitee:
Their interest rate go still dey pile up

It would stop after 180 days.

YES GOD WILL SURELY FORGIVE YOU.

Even Nigeria as a country dey owe, HOW MUCH MORE YOU.

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 God forgive me for taking a loan that I know fully well that I can't pay back?

GO AHEAD AND COLLECT IT.

They cant do you anything.

Just use a number you are not using frequently .

Versitee:
I will take away the sim from my fone for a while.

You dey plan to travel out nii??

Nothing dey can do..., we die in this country.

Versitee:
I just have cold feet cos I don't really know future implications on visa and others

Versitee:
I have messaged you on your recent thread

Okay. Though i have no recent thread.

I will contact you soon. Hope the number is on WhatsApp.

akwesenana:
It would stop after 180 days.

are u sure about this?

Versitee:
are u sure about this?

Yes, it's in their terms and conditions.

koning:
Okay. Though i have no recent thread.

I will contact you soon. Hope the number is on WhatsApp.

Yes. On the thread u were talking about building a lounge in ikorodu

koning:
Okay. Though i have no recent thread.

I will contact you soon. Hope the number is on WhatsApp.

Can you give me something like that? Not as big as that, and sooner.