Prophet777:
CBN has failed in its responsibility and functions to checkmate the excesses of this loans company most especially sokoloan.

Sokoloan is the worst out of them all.

Followed by cashlion.

Which CBN?

Do you know the kind of terms and agreements Buhari signed to obtain Chinese loans??

Lol.

UnBanEbenezer:
AchalugoNwa this guy don report you.
Let's call gbegile boys for him

guy I no Dey for these yeye trolling .. new year don come.. good day

foleskay:
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Abeg how do they get access to people's contacts?

When you install the app on your phone, you give the app permission to access your contacts

lets go to twitter and trend it
#end9creditL
#endsokoloan

tag @FccPc and @cenbank
something must be done

techmaster092:


It's wrong to borrow to feed especially if you are not working.... Some borrow and forget that they are even owing

As in eh.. Some even borrow to do wedding.. And I keep asking.. If one borrows to do things like that. How would the marriage be sustained..
It is well... On facebook.. Rant hq extension.. There is a trend now.. Called debtors challenge...people are posting pictures and details of persons owing them.. And it fortified my belief..dont lend what you can't forgo no matter who the person is..

TainyLite:
This was the message they send to all my contacts including my in laws... Since den i no pay their money cos thats d worst dey can do... They no message me again since den anyway... Sometimes when they call me nd i here Soko i disconnect d calls... Just for 5k....

Bros pay up your debt. Nigerians are very terrible set of people. Sometimes I don't blame these companies at all. You Nigerians are the reason Nigeria isn't moving forward and not the politicians. Sokoloan always go hard because they know Nigerians will never coporate without iron hand. There's another loan company called branch. I know of a dude owing them almost 100k since last year. The funniest thing is that branch is not even adding interest every month, it's still the amount he ought to pay back at due date one year ago. Still to pay na war. Anytime branch calls, he cuts the call, he ignores their plea on text message that he should repay. Make branch learn work from sokoloan.

Remember these companies are private businesses trying to make life better for you as a Nigerian. Pls pay up

generalwo:
.... How I wish I know how to create a thread I would have done that a long time ago.... I only know how to comment and quote. I don't know much about using naira land other than reading and comments

click on nairaland/General, the stroll down to where you will see create new topic.
pls do you need to be heard.

seanwilliam:
you’re wicked and nice at the same time .. but bro pay them up.. to lend someone money is not easy in naija.. if you one borrow money go to proper financial institution.. make we Dey pity ourselves

I will. I will definitely pay latest 31st . Nor fit carry debt enter the new year.

The funny thing be say, they know am a salary earner. They know the date my salary comes and Dey auto-debit me once am paid.... I have never defaulted before so just d very first time, AND I HAD SENT THEM A MSG 2 DAYS Before my expiry date that my payment will come late by a week and 3 days or so reason being that I somehow somehow clicked on 2 weeks repayment plan instead of 1 month and dat mean say, d tin due before salary

Very useless a company, my parents were called and a message sent to all my co workers that I'm fraudulent. Thank God for my reputation cos they nearly snuff life out of me...I wish to know the useless owner recruiting unbridled workers.

UnBanEbenezer:
AchalugoNwa this guy don report you.
Let's call gbegile boys for him

let me monitor him

Any bad move again gbegile boys go handle him

Omihanifa:
One guy told me Soko loan went and sent a message to his ex- girlfriend only for that one to even load them with additional information about him

He said the babe gave them his house and office address only for Soko loan to call him the next day and they were telling him that if he doesn't pay up his debt they will come to his house and office

Evil ex

jaxxy:


Perhaps bt they shud follow proper steps. I know there are terrible, difficult and even fraudulent borrowers bt u don’t generalize every borrower who failed to pay b4 the due date that way.

Even banks classify the customers and borrowers by interacting and knowing them and use various standards for different customers as the case maybe. This particular guys case wasn’t handled well at all and over 5k bt I understand they give a lot of small loans so it’s amounts to a lot bt they are collecting high interest rates also. Follow the professional steps b4 u anyhow.

Renmoney that followed the professional steps is no where to be found. Nigerians ran the company to the ground. I guess Sokoloan doesnt want the same story

AchalugoNwa:
na only me fit them

late last 2 years I took 30k loan from them
I intended paying on time ooo infact I was about to pay them that day in the evening.
but these ediots started their normal way of rubbish insult.
this one na man ooo
next thing is that they started sending useless messages to my contacts
that was when I vowed never to give them shi shi
They call call tire
one of them used her personal number to call me and be begging me to pay even if na half.
i asked her about my image they've dented?
she said nothing
then I told her frankly that I will never pay a dime to them
that my image is priceless.
Meanwhile I've messaged all my contacts to disregard any messages about me that my phone was hacked and a serial blackmailer on the loose.
Hehehehehe they believed me.

Meanwhile the useless sokoloan was still begging and I kuku blocked their numbers and blacklist them
till today I no pay them shi shi

op you're not supposed to pay that money I swear

Lol

What about the automatic deduction?

Did you close your bank account too?

If you are putting up any sort of defence for sokoloan, you need to go for proper medical checkup. They've no right whatsoever to send messages to debtors contacts. From all indications they don't even check borrows past records before taking such action. It's better they stop giving out loans to people. From all I have read here, it's obvious their loans are not helpful to people based on the interest and duration.

ArticleBeast:

Renmoney that followed the professional steps is no where to be found. Nigerians ran the company to the ground. I guess Sokoloan doesnt want the same story

They should stop giving loans without collateral if they don't have other better ways of recovering their loans. You can't be destroying people's image because they owe you.

Omihanifa:
Honestly something needs to be done about all these loan sharks how can a company go as far as lying against someone that they ran away with company funds


The highest they should have done was to call the guarantors and not calling the whole contacts on the phone

My question is how did they get access to all the guy’s contact?

I just told someone to pick up the phone say the guy wey get the phone don die yesterday... Dem but him dey owe us money wey him borrow, my say him no know wetin Dem dey talk about oo say him still dey morn him guy.. The guy just hang up... But later I pay Dem Sha. But Dem be fool. Say Dem go put my picture for social media say I be criminal, the threat fear me Sha ooo.. I can't try it again...

Toktee:
Had it been the route you guys take in trying to retrieve your money is right, no one will complain, you give grace period and it has come and gone, what about legal route?
D you know that by defaming ones character is braking a law?
Have you ever seen banks employing such unethical and illegal means to compare customers to pay their debt?


SOKO(NUPE LANGUAGE).



#AVOIDSOKOLOAN.

No one is defaming no one. You refuse to pay your loan means u have a dubious character.
You talk about taking a legal route, not all company's are like banks that can afford to, other companies try to minimise cost and going through that route truncates that aim.

The banks you glorify are worst, they collect collateral, and God help you when you don't pay up your loan on time.

To each his own, like I said, borrow if you're sure you can pay back. If not, you take what you see.

Take care.

Acidosis:


Which CBN?

Do you know the kind of terms and agreements Buhari signed to obtain Chinese loans??

Lol.

smokeyupu:


You sound like you work with a fintech company..... Nice advice sha but its not that easy to brush off the damage to your reputation!! They will get what's coming to them...

Yeah, and you happen to know what's coming?

Advise them to take loans they can afford to pay.

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:

bro shey u have paid? Get the terms and conditions read through check the part that talks about failure to pay loan, read and understand. Bro sue their broke ass. Palm credit is too legit. I once borrowed 15k and I needed to pay from my Eco Bank but service was bad I couldn't transfer to my UBA which is automatically connected to Palm Credit. They sent a message to remind me to pay. I was just lackadaisical about paying but I knew definitely I will pay. 5k was sent to my UBA them collect am sharperly remaining 11k but notwithstanding I sent the money as I got network to my UBA after over 60hrs no issues I paid no disgrace just normal reminder. For that I give them 6 Stars. Dont stress urself about those Soko bastards. They don't have guts to run a company. Sorry but ensure they tender apology on national daily and send a correction message to ur contacts

Whobedatte:
Sokoloan is LAPO in disguise

A friend used me as 2nd guarantor for LAPO loan. I'm very sure she won't pay them back. As the 2nd guarantor, should I be worried? I didn't give any bank details sha, and I'm ready to hand over my friend to the loan company when she defaults. I dey wait response abeg

Fidelismaria:


Lol

What about the automatic deduction?

Did you close your bank account too?

the account linked was not my main

Unfortunately for them the debit card got expired too

Send me a mail famzjohn@gmail.com.

Ijaya123:


My question is how did they get access to all the guy’s contact?

By installing the app

ArticleBeast:

Renmoney that followed the professional steps is no where to be found. Nigerians ran the company to the ground. I guess Sokoloan doesnt want the same story

And u think this is the only way?? Good luck to them.

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:

It's always good to check and double facts and experience from people who have done business with any one or organization before getting involved with them.
Yours was even good because the loans was due and you didn't meet up on time. Mine was 5hours above the due date and even when I was in the bank doing the transaction they have already sent malicious messages to my contacts say that I was a wanted criminal who took huge loans and ran away.
I know of guy who also lost a job opportunity because of the message they sent to the man who was supposed to interview the guy. They are pathetic lots.

ityP:



A friend used me as 2nd guarantor for LAPO loan. I'm very sure she won't pay them back. As the 2nd guarantor, should I be worried? I didn't give any bank details sha, and I'm ready to hand over my friend to the loan company when she defaults. I dey wait response abeg

You are sure she won't pay them back, yet you allowed her to use you as a guarantor. Why bring unnecessary problems for yourself... Mtchewww

When you download sokoloan app and allow the app to have access to your phone contacts ...that's how they have your contacts, you can revoke it anyways by going to app permissions

Omihanifa:
One guy told me Soko loan went and sent a message to his ex- girlfriend only for that one to even load them with additional information about him

He said the babe gave them his house and office address only for Soko loan to call him the next day and they were telling him that if he doesn't pay up his debt they will come to his house and office

Lol

Debodimeji01:


Is this one mad ni? Abi he lack sense that's not common? Abi, what are we saying and what is this one typing here? Seems you're one of those cursed Sokoloan staff... better stay in your lane and mind your business.

Abeg shut up. Thieves.

ityP:



A friend used me as 2nd guarantor for LAPO loan. I'm very sure she won't pay them back. As the 2nd guarantor, should I be worried? I didn't give any bank details sha, and I'm ready to hand over my friend to the loan company when she defaults. I dey wait response abeg

Hope you didn't release your house address , if not they will come with band ( trumpet and drum set as early as 5 am to shout on you to provide the debtor or pay as guarantor oo.