teekay2cool:


First of all, how do u know all these people are not willing to repay the loans?

Are you aware that the pandemic crippled so many lives to the point of no return?

Infact, lets stop using pandemic as an excuse...

As a loan company, having late repayments and defaulters is inevitable because human beings are not perfect. A good solution to that is to lower their credit score, that way they don't stand a chance of accessing higher loans or any loans from other companies in the near future as the case may be.

If all their clients are so criminal minded why do they go ahead and issue out loans in the first place?

Agreed, some people borrow money with the intent of not paying back, and there are people who borrow that are truly in dire need of money and have every intention of paying back. Why would you carry out gruesome punishments on the innocent?

If they must give out loans then people's bank statements and credit scores should be checked and some other assessments should be made. In cases of late repayments, call the person to learn the reason for that, extensions should be granted(Terms n Conditions applied of course) or auto debiting of accounts should be enabled for the exact amount that is being owed.

Sending embarrassing messages as means of loan recovery is never an option but a short-cut method for a lazy business.

If they should call anyone, it should be ur guarantors not sending humiliating text messages to random contacts on ur phone and forever damaging someone's reputation to potential business partners and friends, all because of money as little as 5k.

Sokoloan and 9credit are complete illegal organisations that are just out to dupe innocent people, they bought fake reviews on Google PlayStore just to mislead people into falling for their trap, you need to go to the critical part of the review section where u will see real people complaining about them. Complaints about them debiting their clients' accounts without reason.

Sokoloan's latest technique on desperate people who urgently need cash is forcing them to leave a positive review on their profile on Google PlayStore, claiming that by doing so they stand a better chance of getting their loans approved. As these people post their unintended "positive" reviews it gradually covers up the fake reviews they bought initially. Why go through all this unnecessary scheming if they are truly genuine in their affairs? Why not simply listen to your clients most frequent complaints about you and make corrections accordingly the way a professional business should operate?

Their interest rates are ridiculously high, they don't have standard phone numbers where u can call and make complaints, they never respond to emails. Their recovery agents can barely speak English and these organisations don't even have a physical office because they fear the wrath of their victims coming to seek vengeance.

The list of red flags on this fraudulent organisations is endless. If you look at it closely, they are not about providing service but rather out to take. As such, they should be taken down!!!

Globally, such recovery methods are not acceptable. Just recently in the Philippines, several loan companies where summoned to court for doing such. There is nothing right about it.

Other fintech companies like Carbon and Quickcheck don't resort to such embarrassing techniques yet people still rush them and they are very much in business because they have a more professional means of handling their affairs.

Sir, you should get ur facts straight before defending these scam loan companies.

Bros, after this long epistle, just go and pay them, if you're owing them.
Nigerians should stop giving excuses whenever it comes to repaying any money they lent.

ChybuzzDD:

Bros, after this long epistle, just go and pay them, if you're owing them.
Nigerians should stop giving excuses whenever it comes to repaying any money they lent.

Oga is it lent abi borrow?
Settled my debt long ago sir, It's only an excuse if otherwise.

And you guys overuse the whole "Nigerians don't like repaying debt", "Nigerians give too much excuses" phrases, don't you think?

ChybuzzDD:

Bros, after this long epistle, just go and pay them, if you're owing them.
Nigerians should stop giving excuses whenever it comes to repaying any money they lent.

It's "borrowed", and not "lent" as used in your statement.

adeyemi0005:
calm urslf my brother.. don't b panic oo. Don't stress yourself because of their yeye threat. The worse dy will do is to call u or one or two of ur contact. Case closed. Even Nigeria they own debt.. forget them.

even US, UK dey owe debt and never pay finish..

N:B it's not an excuse not to pay though. If you have, then pay or pay installmentally.

Undissputed:


This is the kind of $tupid mentality many Nigerians have. For you to leave your family and friends and go take a loan from a loan shark, then you should be ready to bear the burden. Even though the world is at a standstil at this time and you are being hassled by the loan companies, that doesn't give some of you the right to say that you wouldn't pay back because the company is harassing you. If you don't want to be harassed, then don't apply for a loan from these loan sharks. Look to your family, friends, church, mosque or local cooperative societies. Just don't be broke and silly at the same time.

This comment reeks of ignorance. You know nothing about lending, finance or running a business. It's better you shut up that put up your ignorance for public display.
Thisnisnt a circus.

One thing we must first remember is that FACT: "A BORROWER IS A SLAVE TO THE LENDER"
As for me, I dont wish to be borrowing money, but once I borrow it is my duty to repay. Or if everyone borrowing is not repaying like some here, will those companies exist again? They might be loan sharks, but it is when you agreed to thier T & C that you proceeded in taking loans.
So let's learn to repay when we borrow.

But why is no one talking about Branch loans, I love them so much. Their loan interest is 20%
They are not troublesome like some other, and they are very fast in crediting you.
Although, I've just built my loan offer to 28k before I defaulted and they had to reduce it to 23k, that's my fault though. But I'm still gonna build it to higher loans offer and if God just bless me I won't have to build anything again.

Register with this code ( fashe7a8 ) and get 500 naira back on your loan when you repay on time.

Paylater too is nice

But I don't really lo like Fairmoney coz of the 1.5% late fee daily on late loans (I've experienced that recently, it was like pepper on my injury)

teekay2cool:
I was also affected by the Covid-19 issue and some of the loan apps have been on my neck ever since.

9CREDIT is the main app disturbing my life, they harassed me on phone and on two occasions sent embarrassing text messages to some of my contacts. I managed to hustle 2k from someone and quickly made part payment. After one week a rude lady called me and was still shouting and making threats, I just hung up and vowed I was never going to make the rest of the payment until I securely had the money to do so. They can go ahead and text all my contacts if they like, that is pure defamation of character and they can be sued for that.

I am not a thief and before the pandemic I have always paid on time, I will not allow a petty organisation continue bullying me over money that is not upto 10k. The situation is really sad, they suddenly turn ur life upside down and make u overwhelmed in your activities. Something really needs to be done about these loan apps and their recovery methods.

please, what's their mode of repayments,,is just at once or u pay partly till u r don paying...
I intend to get a loan from one of dis app too

also how is their interest like

I tried moneypal but they requested for my bank account no.,BVN , master card no., And even my pin. Used them for some few times but have since deleted the app after making all my payments. Reason I was too scared cause of all information they have about me.

Finally free from loan apps and the embarrassment they bring!

.

oluwafreshkid:


Carbon is really an asss saver. No need crawling to some friends with stories to borrow. Now, if anyone requests money, I just send them my link to download the app.

please I will need the link

Nothing good I guess. I'd recommend getting new skills that would allow you working at home. Trading, for example. Here are some nice tutorials and a free demo-version: https://www.fxbrokersreviews.com/InstaForex

toniblacman:
Well...sometime in April last year, my man...I took a chikini loan from this app, I used to get loans from the company, for about four occasion, but this last one con get as e be... this money refused to show up when I suppose pay back based on as area just be. Then I started getting notifications on notifications every gaddem days....later notifications turned to threats of being blacklisted my man ..e reach one time na calls dem con dey gimme to know why I never pay up judging by my record with dem. To cut long story short sha after weeks wey man no even see dis tin arrange dem confirm the threats. Now I no go fit say I wan obtain any loan from any company offering similar service unless I pay that money up and dem remove my information from that blacklisted zone. But wetin con surprise me pas be say ... nothing do me.

Hi boss, in what way was the threat confirmed please? I am really struggling (since lockdown) to pay back my Easybuy loan which I secured because I needed a phone to up my job search game. I've been paying every month, sometimes twice in the same month but they still keep threatening me that I will be arrested since I'm 128days late and I'm still owing 13k, even though I still payed 3k last week.

Please be more specific when you say they confirmed their threats.

Did it involve an arrest?

Thank you.

Edoziesmart:


No way they will get their money back if defaulter like me refuse to pay back.
Rather it will affect the defaulter credit score. Which will make it difficult to apply for any future loan in any company in Nigeria. Both online and offline.

And the person won't have access to apply for credit card in future, if Nigeria decided to start issuing credit card to eligible people.

I will pay my own back though, but not now.

You are just a cave man as displayed in your signature. You thinking is so backward. People like you are the problem we have in Nigeria

teekay2cool:
I was also affected by the Covid-19 issue and some of the loan apps have been on my neck ever since.

9CREDIT is the main app disturbing my life, they harassed me on phone and on two occasions sent embarrassing text messages to some of my contacts. I managed to hustle 2k from someone and quickly made part payment. After one week a rude lady called me and was still shouting and making threats, I just hung up and vowed I was never going to make the rest of the payment until I securely had the money to do so. They can go ahead and text all my contacts if they like, that is pure defamation of character and they can be sued for that.

I am not a thief and before the pandemic I have always paid on time, I will not allow a petty organisation continue bullying me over money that is not upto 10k. The situation is really sad, they suddenly turn ur life upside down and make u overwhelmed in your activities. Something really needs to be done about these loan apps and their recovery methods.

paltry 10k that you don't have and can't afford, Nigerians and bragging, if it's petty, pay up na.

Basalt:


You are just a cave man as displayed in your signature. You thinking is so backward. People like you are the problem we have in Nigeria

Thanks for reminding me that I'm still owing kwikcash since last year

teekay2cool:


Get off your self righteous horse or simply shut up. You clearly haven't been in this tight situation that's why you are spitting trash.

People making complaints here are obviously suffering from the effects of the pandemic and the loan companies are not being considerate. Nobody said they are not going to pay but the recovery method is just not acceptable considering the circumstance. And loan companies do not have the right to harass you that way, even worse after settling the loan they still beg you to come and take another loan.

A well-planned organisation should always have a contingency plan incase of crisis and pandemic that's why the likes of Carbon and Quickcheck are still thriving.

Loan companies like Carbon and Quickcheck are very professional and put the condition of their clients into consideration, which is why people rush them. Unlike Sokoloan, 9credit and co... they are just outright scavengers.

The way you are talking sounds like a representative of Sokoloan sef

You are a thief and a complete idiot

this shows how bad we Nigerians are

This is an interesting question and I am sure that all this is a bad idea if you take a loan you need to pay it back, this is the basic idea of lending money and you don't take the banks money but you borrow other people's money which invested them in the bank and I don't think that you will be happy if someone will take money from you and won't return them, but if you don't have money to pay the loan back then it means that you weren't attentive enough when you took the loan if you will want to take another loan then I recommend you to visit this site https://www.moneyexpert.com/loans/low-interest-loans/, their specialists will help you to take the best loan with the lowest rate according to the sum you intend to take and the time by which you plan to pay it back.

Honestly to be candid I need something like 10-100million to borrow. To pay back in four to five years time at the interest rate of 10% per annum. Who can help me with this, I swear to God you will never regret borrowing me.

Maximise the use of your phone by making money off it. Those who are interested in earning 15-20k per month should drop their mail address.

jojomercy83@gmail.com

nedekid:

Lol. You do not know the damage you have done to your credit rating based on little money.
The damage is worth millions.
Nigeria is getting to the stage like its obtainable abroad where you do not pay cash for cars, household appliances, mortgage for housing, phones etc. Your credit rating detemines acess to credit.
A friend of mine that started collecting 10k with paylater and built it up to the point he collected 500k from them. He then defaulted. All the other loan companies declined his loan request citing his debt with paylater and bad credit.
He eventually had to pay his debt. When he tried collecting money again, he was downgraded to 20k!

20k . . Damnnnn!

drealj:
You are a thief and a complete idiot

You succeeded in saying nothing.

endsarrrs:
20k . . Damnnnn!

If you borrowed try pay....I was owing 9credits of which I totally forgot,it was when someone sent me money that I remembered... what I saw was a thank you SMS from 9credits...I almost faint.

Toktee:
If you borrowed try pay....I was owing 9credits of which I totally forgot,it was when someone sent me money that I remembered... what I saw was a thank you SMS from 9credits...I almost faint.

Like you were debited directly without you knowing?! Except for when you recieved 'thank you sms'?

endsarrrs:
Like you were debited directly without you knowing?! Except for when you recieved 'thank you sms'?

l only received thank you sms... I almost faint.

To God I was able to pay all my loan back. Lockdown really affected my business which makes me to default. Those guys nearly gave me heart attack and depression during the lockdown and after when business were just picking up.

My own case with fair money is that I collected loan of 50k to pay back in 3 months .I paid the first before time but the second one was late untill after 1week so they added their fees for late repayment .I then paid the late one before due date.my problem is after I have paid all the loan I still saw 1000 late payment charges.i refuse to paid and they kip adding 400 naira per day now the late fees is 4600.what do I do.this is not fair at all

lizzychom:
My own case with fair money is that I collected loan of 50k to pay back in 3 months .I paid the first before time but the second one was late untill after 1week so they added their fees for late repayment .I then paid the late one before due date.my problem is after I have paid all the loan I still saw 1000 late payment charges.i refuse to paid and they kip adding 400 naira per day now the late fees is 4600.what do I do.this is not fair at all

Just ignore them and move on with your life

pls who knows any legit loan app that doesn't require BVN?

NiggasInParis:
Most of these Loan apps are just Money Sharks. They keep increasing in number by the day out to take advantage of the crooked economic situation hitting hard on people. The give you loans with eye teary interest to pay back in a very short period of time.


There is only one platform which stands out and I recommend... And that is Paylater now Carbon. They give you reasonable amounts, enough time to back and as a responsible person you definitely should be able to pay back in that time. If you wouldn't, then don't go collecting the loan. Simple.


Ultimate solution?? Hustle make your money long, so much money not necessarily wealthy but at least comfortable enough, so you won't have to be jumping from one app to the other looking for petty loans that even without it you will still survive. No doubt...

Wisely said.

.