Las Las loan no be the way forward eating your future before you get there. Run from loan if you can but if you can't enjoy the wahala that comes with it.

Palmerbarry:


Thanks sir, I appreciate. I can only let go if they'll send back a transparent message back to my contacts. I only took a loan of 5k and not 5 million. After the bad SMS, when I told them what really happened, they got irritated and offered to pay the bills instantly but I declined. That day happened to be an exam day, I couldn't concentrate.

5K.....wow!

Palmerbarry:
Dear Sokoloan, I will be in my best behaviour while posting this.

I applied for a loan a month back which I didn't repay in time. I got a call from an extremely rude official 5 days after I received the loan. She informed me that payment is due and I should do that immediately. I tried to be friendly but she wasn't. I asked if I could pay part but she arrogantly declined.
The next day I got a call from her again with insults this time. I told her she's not professional with her work and that made her worse. She threatened to disgrace me in the worst way ever (via SMS). My phone got stolen that night. A day after she sent the most devastating message ever to all my contacts. How she got access to them still surprises me. In her message, she said I'm a wanted criminal on the run with company funds. I got tons of messages on Facebook and missed calls and messages on my other line - my former employers, course mates, lecturers, neighbors, family, besties, other influential people. I was really mad! I had over 300 contacts for Christ sake. I called her immediately to send a convincing message to my contacts. She was adamant and continued with her insult, I fired back not minding her age. I threatened to take the case to court, but I was financially down at that moment. My sister called her immediately she got one of her text and they ended up insulting eachother. I called her some days after, she was a bit calm, and I asked if she would resend another SMS and make everything transparent to my contacts. She said once the payment is complete we'd discuss that. When the payment was deducted automatically from my account, I called the number, but the new user doesn't seem to know me. She requested for my login number I gave her but she said she can't access my account. Up till now. I think I've been too calm with them and I am taking it up now.

The worse part of it is I lost most of my contacts which means I may not be able to clarify myself. This is the worst thing ever to happen to someone.




I've mailed them concerning the issue and I'm yet to get feedback.

Pics below:

You people take loans but don't want to pay back. Keep doing to others what u wouldn't want done to u. If everyone doesn't pay and the company folds and the owner becomes homeless,its you same Nigerians that will laugh at the person. As rich as banks are they won't even give loans. Your own government isn't doing anything yet Nigerians always want to take advantage of people who give them loans

Y u self go borrow money n no gree pay back until it was automatically deducted from ur account.Nigerians doesn't value d word integrity at all.Oga na ur cross carry am alone abeg cos if u bring dis kind matter come my court na to jail u ontop self

Palmerbarry:
Dear Sokoloan, I will be in my best behaviour while posting this.

I applied for a loan a month back which I didn't repay in time. I got a call from an extremely rude official 5 days after I received the loan. She informed me that payment is due and I should do that immediately. I tried to be friendly but she wasn't. I asked if I could pay part but she arrogantly declined.
The next day I got a call from her again with insults this time. I told her she's not professional with her work and that made her worse. She threatened to disgrace me in the worst way ever (via SMS). My phone got stolen that night. A day after she sent the most devastating message ever to all my contacts. How she got access to them still surprises me. In her message, she said I'm a wanted criminal on the run with company funds. I got tons of messages on Facebook and missed calls and messages on my other line - my former employers, course mates, lecturers, neighbors, family, besties, other influential people. I was really mad! I had over 300 contacts for Christ sake. I called her immediately to send a convincing message to my contacts. She was adamant and continued with her insult, I fired back not minding her age. I threatened to take the case to court, but I was financially down at that moment. My sister called her immediately she got one of her text and they ended up insulting eachother. I called her some days after, she was a bit calm, and I asked if she would resend another SMS and make everything transparent to my contacts. She said once the payment is complete we'd discuss that. When the payment was deducted automatically from my account, I called the number, but the new user doesn't seem to know me. She requested for my login number I gave her but she said she can't access my account. Up till now. I think I've been too calm with them and I am taking it up now.

The worse part of it is I lost most of my contacts which means I may not be able to clarify myself. This is the worst thing ever to happen to someone.




I've mailed them concerning the issue and I'm yet to get feedback.

Pics below:

You sound like a rogue seeking sympathy. People like you are the reason I'm going into collateral backed loans so wen you Bleep up I'll sell your collateral and not waste my time employing people to harass you.

Rubbish, you can't pay but you're borrowing.

U borrow loan u no payback... U expect them to call u to appreciate u for not paying back... Go court now b like say u Wan sleep kirikiri

dominique:
It's bad debtors that made them like this

What I'm reading does not justify anything.

Imagine the embarrassment you get untop common 17k loan.

Go anywhere in the world, loans are not easy to pay back especially when you don't have a steady source of income.

That is why you need guarantors, collateral etc. to borrow money from many institutions.
Banks won't even borrow you money if you don't have steady source of income.

Nigerians are not bad debtors like this thread or the stupid sokoloan has portrayed.

Civil servants and business people have borrowed millions and payed back without problem and with exorbitant interest rates too.


Sokoloan is a stupid company that doesn't know how to run. They should leave the business to those that can handle it and focus on selling pampers in the market.

In a sane country, most people would just sue them for x100 of the amount they borrowed and the company will fold up.

Sokoloan has been the worst Loan App ever, they did same with me Wife last year just bcox she was expecting her payment from Npower but got dissapointed by salary not entering for almost 2 months, I had to take the matter upon myself trying to calm the guy in charge down Cox him and my wife had a heated argument also.... It's the only app dat would borrow u 5k and expect u to repay 9k within 15 days and if u didn't repay, it increases and yet they keep bombarding your contacts with bad msgs about you

Op, note that it's not the callers dat are sending dos msgs but it's a programmed msgs but you can talk to the person in charge to give u some more time and explain why u avnt make d payment, I think they can skip the system from sending those dirty msgs to ur contacts ... Meanwhile, always check REVIEWS on play store before downloading this kind of App, else na war for u oo. Sokoloan app is d worst App ever.

Juliearth:






What I dont understand is how these loan sharks can append a profit index of 60 percent for a 14 day loan. Isnt the duration way too short considering the profit index? This country is truly a mess

You no see am before you carry the loan? Abi them use gun face you?

give us the craze werey dey disguise girl make we help u retrain her well

If you don’t collect loan they wount distrub you this people are the worst.
Mia not the fault of the staff is what they trained them about recovering of loan
By there head

Please if you don’t want them to disgrace you more is better you pay off the loan to afford another disgrace

How did they get the whole contact on the debtors phone?

From your write up in this place alone, you already have more than 5 lawsuit against them.

[b][/b]My phone got stolen that night. A day after she sent the most devastating message ever to all my contacts. How she got access to them still surprises me.

I honestly struggle to see why Sokoloan is really at fault.

It is a bad experience for you but their loan to you helped you solve your problem when you needed it and it is possible that if they did not take those steps you may never pay back.

A lot of loan defaulters everywhere and they don't really understand the pressure their creditors are facing too. So I can relate with why Sokoloan took those steps. If you are in their shoes, you may do same too if your debtors cut off without paying their loan.

So so sorry about your experience but I really don't blame Sokoloan. If you challenge it in court, you will spend more and may win or lose.
Either way, you will enter the register of loan defaulters and considered a high risk loan applicant for ever.

Those people message me tire to tell my friend to pay up

ReorxTohGan:
nothing fit carry me borrow from Sokoloan,em worse pass loan shark sef!

The Yorubas will say "Bi a ba nsunkun, a ma a nriran." Even when we cry, we still see.
Difficult times should not blind us into making dumb decisions that we'll regret later.

SaintUlot:


The so called carbon and fairmoney should sit up too, they should up their game and be more strict, if not, they will liquidate very soon. All the commercial and microfinance banks that died prematurely, it was loan defaulters that caused their early death. Some people's mentality is that loan from banks is manna from heaven and part of the national cake

Yes, you're correct sir, but not 100%
Some people may have planned to pay back when salary arrives, while some others may went as far as uninstalling their app and discarding them.

As an official, the worse I could have done to hurry up reimbursement was:
Day 1: Call, introduce & inform the client about repayment
Day 3: Call and remind and ask reasons for delayment.
Day 4: Call and remind
Day 6: Call and threaten with informing Guarantors on your list
Day 7: Send SMSs to at most 5 guarantors. Try these and watch how the hardened Nigerian melt.

my candid advice: don't take loans from these lenders that won't be around for long. Your BVN is tied to the loan and it will definitely enlist your name with central credit bureau as a debtor even after payment, now how do you reconcile that when the so called lenders no longer operate. I have a lot of customers with the same experience. Na the matter we still dey try settle. If you need to take a loan, go to a proper financial institution with credibility, sign all the necessary documents, keep your own copy, pay up when payment is due, get your credit records updated and have peace of mind.

espn:
Let's team up and deal with this people. I have never borrowed from them but it is very annoying. How do they have access to peoples phone contact. This is completely illegal and complete fraud. Hacking into peoples phone without there consent.

you gave them the consent,ahbii you no read their T&C's??

Branch is the best
Always use branch

leadedge:
How did they get the whole contact on the debtors phone?

when you're installing some apps, they seek for your permission to gain access to your contacts

If you know you can't pay loan back don't borrow, I have heard of that Sokoloan, they will be monitoring all your contacts, them be defaming loan collectors, Sokoloan is soon going to be a thing of yesterday, at a time nobody is going to patronize them ever again

Person wey no get shame,
No dey shame for anything.
If they like make them call or msg all my contact,I don't care
Anyway,make God no put person for position wey em go borrow money o

Palmerbarry:


Yes, you're correct sir, but not 100%
Some people may have planned to pay back when salary arrives, while some others may went as far as uninstalling their app and discarding them.

As an official, the worse I could have done to hurry up reimbursement was:
Day 1: Call, introduce & inform the client about repayment
Day 3: Call and remind and ask reasons for delayment.
Day 4: Call and remind
Day 6: Call and threaten with informing Guarantors on your list
Day 7: Send SMSs to at most 5 guarantors. Try these and watch how the hardened Nigerian melt.

..cont
VS Hers..
Day 1: Call, introduction without name, rude speech although
She called me "idiot" several times.
Day 2: Call, rude speech, threat.
Day 3: Called me, and some of my contact, insulted we all. Unfortunately I phone got stolen and I was restless.
Day 4: She started sending the destructive SMSs uptil day 7 or so
Day 4: I called her back about the reason she lied against me and told her to retype and send those messages. She ignored and threaten that, the SMS are just the beginning.
Day 4. I threatened to take the matter to case but I wasn't ready. She threatened to put my face on every newspaper. She said "You think I don't know your face, you this black man, watch & see". I was flabbergasted.

cc: SaintUlot, Dominique

I love this, Cox dis was wot my wife did wen dey msged all her contacts too...she had to msg them ( her contacts) telling them dos ppl are scammers . But all the same na condition make cray fish bend Cox we later pay almost 13k for just 5k loan.....Solo loan no be am at all

pickatyouu:
Na you pay them too much attention. You for just ignore and tell anyone way call u say them be scammer.

But please always endeavor to pay your debt.

ReorxTohGan:
nothing fit carry me borrow from Sokoloan,em worse pass loan shark sef!

I swear. lol! Before I heard their horror stories, I once tried to get a loan from them...when I didn't get it that same day, I found another means to get the money I needed. Then, the evening of the next day, one guy from Sokoloan called me, and asked if I still needed the money, I said no, and he cut the line immediately like someone that was managing the credit on his phone. It was so unprofessional. I sharply deleted their app from my phone, and never installed it again.

Palmerbarry:
Dear Sokoloan, I will be in my best behaviour while posting this.

I applied for a loan a month back which I didn't repay in time. I got a call from an extremely rude official 5 days after I received the loan. She informed me that payment is due and I should do that immediately. I tried to be friendly but she wasn't. I asked if I could pay part but she arrogantly declined.
The next day I got a call from her again with insults this time. I told her she's not professional with her work and that made her worse. She threatened to disgrace me in the worst way ever (via SMS). My phone got stolen that night. A day after she sent the most devastating message ever to all my contacts. How she got access to them still surprises me. In her message, she said I'm a wanted criminal on the run with company funds. I got tons of messages on Facebook and missed calls and messages on my other line - my former employers, course mates, lecturers, neighbors, family, besties, other influential people. I was really mad! I had over 300 contacts for Christ sake. I called her immediately to send a convincing message to my contacts. She was adamant and continued with her insult, I fired back not minding her age. I threatened to take the case to court, but I was financially down at that moment. My sister called her immediately she got one of her text and they ended up insulting eachother. I called her some days after, she was a bit calm, and I asked if she would resend another SMS and make everything transparent to my contacts. She said once the payment is complete we'd discuss that. When the payment was deducted automatically from my account, I called the number, but the new user doesn't seem to know me. She requested for my login number I gave her but she said she can't access my account. Up till now. I think I've been too calm with them and I am taking it up now.

The worse part of it is I lost most of my contacts which means I may not be able to clarify myself. This is the worst thing ever to happen to someone.




I've mailed them concerning the issue and I'm yet to get feedback.

Pics below:

These guys are the most useless loan institution in this country. They will never know peace in their life. Both the directors and staff. For their female staff... those ones are already cursed. Those ones have special mansions in Hell. And I have promised to find whoever's is backing them up at CBN and why they haven't been sanctioned even after series of negative reviews and report on Google Play Store. Demonic fintech company.

Even the name of the loan should have warned you to keep off. sokoloan. it means they have shoko for head.
On a serious note, you cant really blame them. Most people take loans with intentions of defaulting.

SaintUlot:


Nigerians ain't credit worthy, i agree with you. Do you know that some people will borrow 100ngn from mtn and others and abandon their sim card? So you now want sokoloan to be handling things with soft hand. So many people are borrowing money from them with the intention of not paying back. And after saying this, you want me to buy from you, to hell.





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And after saying this, you want me to buy from you, to hell.

And to think I've being owning Ealla credit for a very long time. They havnt done this to me.

I need to repay this guys asap. Cos I won't be able to stand this shiit.

Generally loan isn't good at all.

Some of u dey read upside down/not at all.Why ask him to pay back loan same week U approved it? There are category of loan(1,2,3 months etc payment)why the same week?