Quick online loan apps: How unethical practices of staff are killing borrowers!

Quick online loan apps: How unethical practices of staff are killing borrowers!

Checking the activities of quick online loan applications on Google Play and Apple Store bring a lot of revelations about the unethical practices of these loan apps’ platforms. Customers and users alike are complaining bitterly about the gruesome and sharp practices of staffs of these lending companies.

Below are some of the things they are alleged ofcomplicity:

  1. Sending messages to customers to pay up 2 days before their loan due date
  2. Deceiving customers to pay before due date for unrealistic rewards
  3. Disrespectfully calling customers a lot of times before due date and on due date.
  4. Threatening to send disgraceful messages about the customer to all his or her contacts after defaulting.
  5. Eventually sending the messages to the customers’ contacts.
  6. Deducting more than their official stated interest rate from the customer
  7. ‘Forcefully disbursing to customers before the loan is executed

Even though some customers and patrons of these quick online loan apps do default sometimes, there is the need for lending companies to be circumspect in the extent they can go in getting their money paid back without causing damage to either image, mental health, etc of the customers and/or their contacts.

Below are some of the unpleasant testimonies of the customers:


Who is responsible for regulating these people? I have been dealing with them since March 2021 but sometimes in August l couldn’t meet up with payment because l was told to pay before 2pm and l told the guy that l will pay by 4pm Because l was in a meeting and the loan was due on that date by 3pm one of my business associate called me this someone l have been doing business with since 2009, another person cancelled a business deal that gives me weekly income as an external auditor that I normally used to settle these loans. To date l have not balance my financial position.


Please this so called loan company should be properly checked bcoz they’re the one making it almost impossible for people to pay back what they owe, because what they advertise on play store is entirely different from what they offer in their app,.. They are extortionist and fraudster, how can you give a loan of 7000 to pay 11000 plus in 7days that’s 4k interest, please this people should properly checked before it get out of hand…


Wait o. After defaming someone’s character do they still expect the person to pay? Bastards Chinese slave style in this country


I really don’t know what to do right now, if one is ok nobody would have go collect loan. The easimoni loan app and staffs have graduated from defrauding people of their hard-earned money to life threatening actions they have declared me wanted after five transactions. Just because my salary have not being paid and I’ve been due for a loan repayment as of yesterday nothing had not said to me.


I have long been looking for how to report this particular loan App nairaplus. They’ve been threatening me with all kind of ill messages. I did took a Loan of 10k to repay 12,700 for 7 days which I initially ended up doing after 8days as I couldn’t make the payment on Sunday due to my busy schedule. I repaid it very early on Monday.

That made up the 8th day, repayment was confirmed after which I deleted the app off my phone. Ever since I did this, it’s been one repeated messages to another with threat of sending messages to my contacts and labelling me a criminal. I still have the proof of payment right in my email.

I really need a help, i really want to report this scammers.


Pls this loan of a thing should be banned in Nigeria because if you see the way they threaten people, it can make the person commit suicide pls our government should look into this matter


These app loan should be banned from Nigeria because the threatening giving to us is too much, they even call me to tell me dat they would arrest me because of I borrowed a loan of #7000 and I have repay the money which the interested is 10000 and the money is increasing every day.

Am just a student ,if not for conduction did they think that we are happy to borrow loan and not to repay it,and again they even threatening to post my picture on social media and news paper that am a fraudulent ,it Shouldn’t be like dat

Please help us ooo

These threatening is becoming too much

If it continues like dis there is probability that am going to kill myself, I don’t even have peace of mind

Tope Adeoti

I am a victim and still a victim. And am suffering from the consequences this loan apps have caused me. There’s this particular one SOKOLOAN, NCash, Gocash, they are unfair and their staffs are rude by using demeaning words, they go as far as calling my parent and leaving threats that they will Bury their daughter she does not pay their loan. Once you take loans me default for 1 or 2days then the trouble starts.

Now I have issues with this particular app Ncash, I paid off their money by transferring into a Wema bank account that was created in my name( Monify) which automatically clear up my loan from the app. Now I mistakenly sent money into that account again which on a normal day I should get someone to reverse the money back but viola they don’t have a company phone number and the stupid email they left is not real. I don’t understand all this.


Am a victim of this loan app 9credit gocash as am typing my name is everywhere now on my contacts with message saying that am a fruadster which my mother die on sickness and I was taking this loan to buy drug’s for her they have tarnish my image everywhere now please help me


These loan apps almost made me commit suicide last week,9cash and Gocash have been sending messages to my contacts,I defaulted because of a family emergency I tried explaining to them to pls wait till month end but they refused, they even called my mum, my dad, my uncles, aunties, they sent messages to them that am a criminal on the run, my mum called me crying, my dad was almost crying, my uncle called saying I spoilt the family name, the worst part is Go cash has been sending messages to my contacts with a picture of mine that is not descent at all, they sent to all my WhatsApp contact’s, I almost committed suicide if not for God and they still threaten me daily..Am suffering from depression because of them.


This so called online lenders needs to be apprehended , they are the real thieves, 9cash gave out a loan of #5200 and to repay #8400 for 7days. Haha, this is too bad, I later realized we are working for them ..if u look at it critically you borrowed money and u are paying twice of the money, so where is ur gain. CBN pls stop this people before it turns to #endsars# part 2


My problem is with Lcredit. I mean how can you try to pay back a loan but all their payment platforms aren’t working yet they keep increasing and increasing the late payment fee? Infact, if you try it three times and it fails, the system freezes for 24hrs. I think it’s deliberate. One of their agents even confessed that the network from the app is bad. I even complained to their agents on WhatsApp but got no reply until after sometime when I’ve used the money I had that they sent me an account number without an account name to transfer to. I have screenshots to prove all these.


I just wish people can gather and borrow from these apps well and then let them post and get tired

We are all victims

Mine was just 1day overdue and I took their call in the morning but went into an office meeting. They were calling again around 12pm but I was not aware because phone was on silent due to the board meeting and I was the secretary

When I came out of the meeting, I started receiving sms and calls from my contact list. I saved my 2 other lines on my phone so I go messages too on them

Was terrible


My brother took a loan from GoCash app which I cleared when I heard about it on 8th Aug 2021, yet, they keep sending threat messages to my family from this number: +234 704 931 4320. I am so tired of this, it’s getting too frustrating

Duke of Enugu

I know of a man who poison himself over this same rubbish & My cousin were he not so head-strong prolly would have followed suit. The methods are jst too nasty & uncivilized (and i’m not racist, but if you observe, you’d find most these companies are handled & owned by Chinese foreigners).

Their aim is to bring into Africa, their sick culture which they have successfully implemented in their communist & racist nation, and our Gov’ts here have ZERO control over their actions, because of how heavily indebted they are to theirs. permitting them to run amock of people’s sense of self.

Ridiculous interest rates, ridiculous time frames (even by Google’s standards) – What is then left of Africans? Back to Slavery? Slaving to avoid shame? This time by another race? Nah, i don’t support this.

Not me supporting defaulting, but they should either regulate their methods of retrieval or be banned in to to. They are obviously callous & indifferent towards loss of lives & how this affects the individual’s mental health. All for HOW MUCH? abeg getat!


My wife almost committed suicide because of their threats, till now, she’s still battling depression. if there’s anything we can do to save this situation I’m in. Thank you

Deborah Chukwuedo

Thank you for this expose. It has been going on for a while. Some of these companies are part owned by Chinese nationals. I once sent an email to CBN but they were asking me to complain to the institution first and get some registration number. Some of them even force the debtors to the roadside to beg for money to pay the loans. Just terrible.


Am going to sue them and slam a huge claim

Thanks for this your information . Am a victim just this yesterday, when my family started calling me to verify what happened between me and Ncash . The painful part is that they referred to me and family as wanted criminals declared wanted and they send the defamatory text to my contact that I used them as guarantors and collect loan from them .

In addition the default charges continue heaping up


This is now a normal thing for the loan apps.

To be sincere it’s not good to not pay if you have rightly borrowed. Though it’s happening to me.

But the prob is that, situation might com up and will make you not to fulfill your obligations. You might invest and ends up loosing all but this people no care. Pls no care about the sms cus if u do, u might endanger urself. Just try and pay them off. It’s not easy to bounce back from lost investment especially when your capital is loan.

It’s because of the law system that’s no too upright.

How would another person know about my life.

That’s privacy violation and I see it wrong


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