blazesam:
Now let get this clear.

When you need a debt and someone want to help you curtail some of ur pressing needs, that person appears to be your helper and not a killer.

I was in the courtroom the other day when Sokoloan appeared before them base on NITDA submissions to the court on harassment and over charges.

I now discovered how this fintecs steal rather from customers at higher rate of interest and at short range. Government issued them certificate with description of public borrowing at an interest rate of not more than 12% that is, if a person is to take a loan of 5000 in a week, 14days he/she is to pay back a sum of 5600, meaning 600 is the interest.

Most fintecs like carbon, fairmoney are complying to this government rules and have zero worries with customers and honestly I have not heard or little complains about customer's complaining about this two mentioned companies above.


This fintecs charge upto 30% and not in two weeks but 7days. Think about it, someone who is in need of 5k borrowed from you and u want him or her to return 8k in 7 days, where do you think he will get it from even if you should kill him?

After tarnishing that person's image that he is fraudulent,if you are the one, will you have the heart to be nice even?

samplanner:
Those supporting these loan Apps are evil. We need change in this country.

How can a loan App offer a loan for just 7 days duration with an interest of up to 50% of the money borrowed in most cases? How do they expect some people not to default?

The loan Apps should do justice by following the right procedure. There's a law governing all these and must be followed.

Mixedfraction:


Drop your email address or phone number so I can add you to the Whatsapp group we created to combat those useless loan apps..

Deloanspot:
If you read the full article you will see why I regard them as a scam. Just in case you didn't read it, let me explain

Borrow Now are using a new technique for defrauding innocent Nigerians of their hard-earned money. It came to our notice that Borrow Now is now imposing loans on their customers even without them requesting loans.
This is a deliberate and criminal act. As a lender, you're allowed to give out a loan only when a customer is willing to request that loan. This is a breach of customer details on their app.

The most annoying part of all is when they start calling the customer, sending all manner of threats and disgusting messages to their customer's contact claiming that the customer is a criminal who has refused to pay them their money. Such actions can cause depression or even suicide most especially when a customer has no idea of what to do.

tritt:
And your parents? since you are a student..i..

obinnaxci:
Prayer won't do anything if you don't help yourself.
Report them to National Information Technology and Development Agency (NITDA). They are regulated by the Nigerian Data Protection Regulation of 2019. Sokoloan was fined 10 million naira for breaching data protection and privacy laws. Do not waste time if you want peace of mind. Contact me if you need further assistance on how to go about this report. Regards and take it easy.

FalseProphet1:

What of those that downloaded the app with their previous main contact and gave out main contact as emergency numbers.

If one does this will they still have access to your original contracts that were saved during your first download of the app, and would your emergency contacts still be accessible to them as well?

DoggoneDogg:


The letter looks fake, NIMC's address is Sokode not Sodake.
However, tap the "NIMC Official" let's see the email used in sending it.

DoggoneDogg:


The letter looks fake, NIMC's address is Sokode not Sodake.
However, tap the "NIMC Official" let's see the email used in sending it.

Scatterscatter:
Share the email you received from "NIMC" also include the email address (remember to conceal your personal details) . I need to confirm something

DoggoneDogg:
Let us see a screenshot of the NIMC message to verify its authenticity.

FalseProphet1:
Where the name of the app.