NewStats: 3,264,177 , 8,182,872 topics. Date: Tuesday, 10 June 2025 at 03:37 AM 4p164b6z3e3g |
After 2 Years, Man Owing N80k Res Loan App, Debt Climbs to ₦1.4 Million (23556 Views)
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ify2016: 9:30am On Feb 05 |
After 2 Years, Man Owing N80k Res Loan App, Cries Out as His Debt Climbs to N1.4 Million https://www.legit.ng/people/1639049-after-2-years-man-owing-n80k-res-loan-app-cries-debt-climbs-n14-million/ 3 Likes 1 Share |
Phranx1: 9:52am On Feb 05 |
It's so funny linking your bvn to a loan app and thinking you just hama 80k not knowledgable what's personal data it's all about.
25 Likes 4 Shares |
Dreal1247: 10:08am On Feb 05 |
Nothing is free. There is always a secret price tag. Those loan agents that always coerce people into borrowing even when they are not having a defined payment mechanism should be ignored. Some people even borrow to buy clothes just to showcase themselves to be wealthy even when feeding in impossible. I wish him luck.
35 Likes 4 Shares |
AKWATGOLD1(m): 11:18am On Feb 05 |
Why will he obtained a loan from fintech app without paying back for two (2) solid years. The outcry is not needed.
23 Likes |
Thomthom(m): 11:43am On Feb 05 |
The story self. A man re-, a man re- I want to start reading, I saw another a man re-. How many times the man re- the app. I go blame the guy for this one. You took loan of 80k. May be because them too disturb you, you delete the app. Waiting come make you no pay back the 80k small small.. A whole 2 years.
13 Likes |
calabaman(m): 11:48am On Feb 05 |
Anything loan is not good. Aswear! Those a55wipes would tarnish your image without breaking a sweat if you default. And they love calling in the middle of the night thereby cancelling your sleep. Id bet they only prey on the gullible and broke but allow the rich breath. But the man mumu sha.... Does deleting an app make the debt vanish? 🤔🤔😁 10 Likes 1 Share |
Ringstonermasks: 12:17pm On Feb 05 |
d barrister is smoking cow shit Let me give d man d correct advise... if it from any loan app that is not ed by the government or insured by FDIC, give dem ur middle finger... let dem fuk demselves If it Okash or Fairmoney or those loan apps that are FDIC insured and recognised by government, u can then reach out to them at ur own convenience. Don't beg dem with ur salary o. Make sure u av eaten well and there is money left to give away, then dem to come and take what u av... With toothpick sef, pay dem small small bt tell dem u will only pay 120k. And listen to their explanation. Currency dey fall and interest dey high ? Mind u, it won't affect anything. How many people dey talk abt credit scores for Nigeria ? if u want loan from Lapo or loan creditors in d future, they won't look into that. that's a fact. I know people would say am encouraging debtors, bt let tell d truth without putting d guy into panic mood. 121 Likes 10 Shares |
ify2016: 12:27pm On Feb 05 |
Ringstonermasks: I thought as much . Maybe the Lawyer is attached to those loan quacks. 63 Likes 4 Shares |
ednut1(m): 12:45pm On Feb 05 |
People who take loans without the intention to pay should be jailed
33 Likes 1 Share |
MaziObinnaokija: 12:45pm On Feb 05 |
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Ochibaisik(m): 12:46pm On Feb 05 |
-Don't get a loan if you don't have a means of paying back. -Don't get a loan for a lavished lifestyle but majorly for a business that could multiply the loan. 4 Likes |
bestman09(m): 12:46pm On Feb 05 |
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Bahamas95(m): 12:46pm On Feb 05 |
Most Nigerians are bad debtors, I wonder why someone would collect a loan with no plans of paying back.......That's wickedness!
22 Likes 1 Share |
ruggedtimi(m): 12:47pm On Feb 05 |
Credit score ke
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symbianDON(m): 12:47pm On Feb 05 |
All this loan sharks/apps should rest abeg!!
7 Likes |
Codes151(m): 12:48pm On Feb 05 |
It’s crazy. That rubbish should stop. If you put money in bank for 2 years, does it get to 1.4m? Loans % should not deviate far from savings % 44 Likes |
realsoftouch: 12:48pm On Feb 05 |
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AngelicDamsel(f): 12:48pm On Feb 05 |
You ed the app to take another loan. ![]() ![]() ![]() 15 Likes 1 Share |
Gotocourt: 12:48pm On Feb 05 |
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victorsola: 12:49pm On Feb 05 |
ify2016:loan apps that are not ed to nigeria, all this Chinese loan app. The ed no dey increase the interest like that na all those fake ones dey do anyhow . 2 Likes |
EndBuhariNow(m): 12:51pm On Feb 05 |
Nigeria appex bank and government are useless, I think they are owners of all these loan app, how can someone loan you money with 110% interest , if you take 190k from fairmony, you will pay 80k each every month for 5 months, imagine that nonsense..... You might need that loan for short term but they will drag it long with no options of repayment, in other places loan are given to soften hardship but here its different game... Everyone has his or her own price
16 Likes 2 Shares |
EbiJUNIRO(m): 12:52pm On Feb 05 |
Phranx1: How is it funny? Let the money stay there and die there. Useless blood sucking loan apps many of them. Thieves ! Fair money, carbon, branch, and a few cannot do such fraudulent things. 9 Likes 2 Shares |
funstufz(m): 12:53pm On Feb 05 |
From N80k to N1.4million in 2 years, the Loan company should be seriously queried on how it arrived at that outrageous amount, nevertheless I am not encouraging obtaining Loan and deferred payment...whatever the underlying issue(s), that amount is nothing but an avenue to swindle him...
1 Like |
jojo1415: 12:53pm On Feb 05 |
Who de do credit score for Nigeria? ![]() 7 Likes |
donpata(m): 12:54pm On Feb 05 |
Lawyer just dey play. Nonsense. He should pay 50%? Like 700k on 80k loan? That lawyer dey ment. Most loan apps stop adding interest after a while. Na mushroom loan apps dey do that rubb1sh the guy is facing. If them go Court sef, Court will just ask how much you can be repaying and if na 1k monthly sef, court fit approve am. In this situation, na to write them tell them you are willing to pay the loan and initial interest. That's all. If them gri, fine. If not, na their wahala. Nothing will happen.
14 Likes 2 Shares |
thesicilian: 12:54pm On Feb 05 |
Doesn't the loan app have a name? I'm in of everyone paying up their own debts but this is outrageous. The loan app should be exposed so that others will abstain from them. And I have a feeling that lawyer is d to some of these loanshark companies.
4 Likes |
bid4rich(m): 12:55pm On Feb 05 |
I am not interested in hearing excuses—I hold the man in question fully responsible. He has a clear obligation to repay his debt, regardless of any explanation. The lawyer has provided sound advice. Even if unforeseen circumstances arose, he should have approached the company to renegotiate his repayment or seek a loan restructuring to make repayment more manageable. If he believes he is free from his obligation, he is mistaken. At this point, he will no longer be able to secure a loan from any bank in this country. 3 Likes 2 Shares |
Ttipsy(f): 12:56pm On Feb 05 |
when taking loan make sure u make payment as agreed 1 Like |
HydraFeeds(m): 12:59pm On Feb 05 |
Around 2018, I borrowed 5400 naira from Branch . I was unable to to pay back since then and I was really scared it would have skyrocketed but when I was able to about 3 months ago ,the amount to pay back was still the same .
18 Likes 2 Shares |
Omoluyi(m): 12:59pm On Feb 05 |
Ringstonermasks: For the loan to have been 1.4m from 80k in 2years shiws it's one of these unstructured loan apps. No way 80k would have been 1.4m in 2 years in a normal ed and recognized finance institution in Nigeria at what rate pls? Such loan will be declared bad debt at some point while they stop adding interest and call on you to come and pay off. Also, you can reach out to Credit Bureau to find out about your non-performing loans. If he finds this particular loan there, it means the loan company is duly ed but if not, it is up to you if you will pay or not. How can one pay 1.4m for a loan of 80k in 2 years. That's wickedness 8 Likes 1 Share |
TechBaron: 1:01pm On Feb 05 |
Phranx1:Oga, your BVN and other details can be bought for N100 on a two-page website. If the app isn't regulated, there's nothing that will happen! 2 Likes |
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