₦airaland Forum

Appointees of a company can not stand as a layer in the court of law. So they too will still hire a later for the job. The staff lawyers can only advise can't stand for them in court.

Keep dreaming. Your love for quick money fools you into thinking legal cases are the shortcut to wealth. Your eyes will clear.

They threatened but did not publish. At the end, she will lose as she would repay her loan in full and still waste her time and money in following court proceedings. Something that's chicken change for the company that has its lawyers on a retainer basis who handles hundreds of cases as a full time salary job making the company cost per case close to minimum.[/quote]

Pain in your mind but no much regret

IAM4BAT4plus4:
Loan shark operator spotted!





She will sue your ass company and cash out big...



Wicked souls..


Imagine giving out 5,700 to get 10700 in just 7 days...

Make una dey fear God na

It’s so bad of the loan company, there are legal ways to get someone to pay rather than this way

lordm:
Go and pay your debt. If every customer behaves like her the company will fold

All the loan apps need to fold, because i don't understand their unrealistic interest rate.

Olofofo247ng:
Reports show that the lady in this image was owing the loan app and refused to pay. Then, this was sent to her with the threat that it would be published across all social media platforms. What is your view about this? Is this not too much?

As them come post her picture shey the thing go pay there loan, the director, GM, managing director with a crayfish 🦐🍤 brain 🧠🧠🧠 she go somewhere dey laugh dem say dey play..... Someone in my area borrowed money because she no see money pay she left this town went to another town and framed her own death so the depth was closed later dey discovered it was all lies them hold her for hand pay part and ran off again so make dem dey play as if they took no dey borrow money

Using intimidation tactics like that is completely unacceptable and crosses a major line.

MartinCorridon:
Suing ?

Someone who dresses like that and can't afford to pay a loan that's probably less than 100k will be able to pay a lawyer?

You sef think nah.

Sense is 7 thousand kilometers far away from you...

If na me , nothing go make me pay that money again. They’re mad

They didn't force you to collect it. You saw the terms and conditions and you went ahead.

Dshocker:
All the loan apps need to fold, because i don't understand their unrealistic interest rate.

Stephen0mozzy:
If this is true, food don done.
First, the lady should ensure this email came from a number or mail that is traceable as an official outlet of the said loan app.

THEN SHE SHOULD PAY THE LOAN.

Now, go get a lawyer who likes to cash out. Sue them, and make una settle out of court for like #5million.

The loan guys will pay for damages

Stephen0mozzy:
If this is true, food don done.
First, the lady should ensure this email came from a number or mail that is traceable as an official outlet of the said loan app.

THEN SHE SHOULD PAY THE LOAN.

Now, go get a lawyer who likes to cash out. Sue them, and make una settle out of court for like #5million.

Pay what? Person wey don die they pay debt?
They should say Bye bye to their money.

mascot87:
Is the Loan company registered? Is it recognised by FCCPC? if not, they are illegal and any legal charge against them will be valid. There is a reason why those loan sharks operate from a hidden location.

do you mean the owner of the loan app is gambling with his money?

Stephen0mozzy:
If this is true, food don done.
First, the lady should ensure this email came from a number or mail that is traceable as an official outlet of the said loan app.

THEN SHE SHOULD PAY THE LOAN.

Now, go get a lawyer who likes to cash out. Sue them, and make una settle out of court for like #5million.

Sue what? An app? Some of these loan apps are rogue apps, they are not registered with CBN. They do not have physical offices. They don't exist as a legal entity in Nigeria. So how will she sue them.

mascot87:
Is the Loan company registered? Is it recognised by FCCPC? if not, they are illegal and any legal charge against them will be valid. There is a reason why those loan sharks operate from a hidden location.

Why did you not advise her to ask these questions before taking the loan?

AMI3:
But to owe is not a crime as long as she is willing to pay .
Probably she has intention of paying

If she had intention of paying why then did she allow the loan to be overdue for so long?

alklas:
Iye o
Av been seeing that on fb
I thought is real

What you saw on Facebook is the real story and not this lie

IAM4BAT4plus4:
Loan shark operator spotted!





She will sue your ass company and cash out big...



Wicked souls..


Imagine giving out 5,700 to get 10700 in just 7 days...

Make una dey fear God na

Don't you know the way to Zenith bank, next time go take a loan from them and leave online loan companies alone

KingOfAmebo:
Sense is 7 thousand kilometers far away from you...

It is you that actually does not have sense

Olofofo247ng:
Reports show that the lady in this image owed the loan app and refused to pay. Then, this was sent to her with the threat that it would be published across all social media platforms. What is your view about this? Is this not too much?

She should report to FCCPC. Digital lenders were strictly prohibited from doing this. She should file a complaint with the FCCPC and attach this to the email it was sent.

EthicalLender:
If she had intention of paying why then did she allow the loan to be overdue for so long?

Being over due is not an excuse any loan that over due comes with interest.

Why do the add interest when it is over due.
Let me tell what u don't understand;

Loan apps charges everyday 1% if u fail to pay after the expiration of the due date against 1% every month .

Secondly did she agreed and signed that if she fail to pay that that they will publish her burial poster?

I stand with repayment of loans and obligations.

However my major concern is if the interests rates is within the ambient of the law? as Regulatory standards supercede personal terms and conditions. Regulatory annual interest standard is what these guys adopt for monthly interest..ask yourself is 30% monthly interest fair? It can't be sustained after few cycles they would default so it's indirectly self inflicted!

If you default they charge as high as 1.5% daily while the law stipulates 1% monthly.

Have you ever wonder why they can't follow the regulated debt recovery process? They are not playing by the rules! Hence they go gaga...
If they were following the rules, trust me people would pay up as the debt wouldn't be enormous.

Lastly they use agents to do this dirty work while paying them stipends exploiting our economy...

lordm:
They didn't force you to collect it. You saw the terms and conditions and you went ahead.

If Nigeria had working institutions, those loan apps won't be working in the first place, talk more of issuing loans with above 40% interest in some cases.

There are loan companies in America and Europe.
We like to blame others for our wrong choices.

Dshocker:
If Nigeria had working institutions, those loan apps won't be working in the first place, talk more of issuing loans with above 40% interest in some cases.

No app loan will ever do this. This will lead them to bankruptcy.

EthicalLender:
What you saw on Facebook is the real story and not this lie

Hmmm

If the loan app or company is registered, the directors would actually go to jail. Nigeria has left the dark ages actually. FCCPC DEON 2025 is the guideline that constrains all their operations and it is strictly adhered to. This is also in direct contravention of the NDPC act of 2023. If it isn't registered, then it's a simple cybercrime police case with the number that actually sent or posted this including the person that started this thread.

You started this thread and you might also be held liable for violating this person's fundamental human rights.

Data provider, data broker etc, everybody in between are in trouble.

Nigerians need to know that some of these problems have been sorted out by the government. Go and file a petition.

Just buttressing your point about bankruptcy.

Pickup8:
No app loan will ever do this. This will lead them to bankruptcy.

AMI3:
Being over due is not an excuse any loan that over due comes with interest.

Why do the add interest when it is over due.
Let me tell what u don't understand;

Loan apps charges everyday 1% if u fail to pay after the expiration of the due date against 1% every month .

Secondly did she agreed and signed that if she fail to pay that that they will publish her burial poster?

Let me explain it to you.

When a loan becomes due and the borrower pays it bank, the loan company does not just keep the money in it's bank account they lend it to another borrower who needs it and
they earn interest on it.

Therefore if your loan is due and you fail to pay it back what it means is that you are denying the loan company an opportunity to earn interest on that money that is the reason they charge you a penalty so as to compensate for the interest income they are loosing while their money is tied up with you

Abeg make okash post my enemy own,maybe if my family dem see am..dem go help me pay the money wey i owe...dem no need send am to me as warning....make dem post am to all social media platforms Abeg...!!!

lordm:
There are loan companies in America and Europe.
We like to blame others for our wrong choices.

Guy abeg, i don't have the time, to start telling you the illegality these loan apps do.

You know they are illegal, why do you still borrow from them?

Dshocker:
Guy abeg, i don't have the time, to start telling you the illegality these loan apps do.

lordm:
You know they are illegal, why do you still borrow from them?

I can see that you work for one of them.