‘This Serves As Your Full Payment’ – Borrower Blasts FoundOne App After Public Shaming Him

A Nigerian man and a follower of QUICK LOAN ARENA has responded angrily to one of our articles about FoundOne lending platform relating to their unethical loan recovery methods. The article is titled “ FoundOne app: I was charged N9,700 on N8k loan for 6 days — Borrower“.

You Have Been Served Your Full Payment For Sending Defamatory Messages To My Contacts – Nigerian Man Tells FoundOne

The man whose nick name on WordPress is “Spirit usar” told us that a lending platform, FoundOne, he borrowed from, “has been served its full repayment” after the app sent defamatory messages to his contact to embarass him and publicly shamed him.

This Serves As Your Full Payment Borrower Blasts FoundOne App After Public Shaming Him
Loan apps Like FoundOne that send defamatory messages to their customers have no reason been hosted on Google Play Store

According to the customer, FoundOne is one of the many lending platforms across the nation that are scammers, daily scamming people and collecting cut throat interest from loans given to poor Nigerians who don’t have any other means of borrowing.

“‘How can you give a loan of 12k to a person in desperate need, not for business but for personal use, and add an interest of N7200 to the loan and expect him or her to pay within 7 days in this tough Nigeria, where even the Federal government is owing?’ he asked rhetorically.”

The visibly annoyed FoundOne customer adds that once a loan app sends defamatory messages to his contacts and publicly shames him over his debt, that would be the end of the loan repayment. He would never repay again, for according to him, “that serves as their full repayment.”

See His Comment on our Blog below:

New comment on your post “FoundOne app: I was charged N9,700 on N8k loan for 6 days — Borrower”
Author: Spirit usar
In reply to: https://quickloanarena.com/wp-admin/comment.php?action=editcomment&c=4810#wpbody-content
FoundOne and most loan platforms are scammers. How can you give a loan of 12k to a person in desperate need, not for business, but for personal use and add an interest of N7,200 and expect he or she to pay within seven days in this tough Nigeria where even the federal government is owing?

Well I have borrowed but for me once you call my contact and embarrass me, I won’t pay any dime. When I paid the first loan, nobody called my contacts to commend me, now I have defaulted you are telling the whole world I am owing you and sharing my photo. I guess that serves as your full payment.

You can see all comments on this post here:

Two days ago, QUICK LOAN AENA published a story of a Nigerian man who lives in Lagos and works in a car charter service company and was being defamed and publicly shamed by another online lending platform, AimLoan, even when his loan wasn’t due.

The man has threatened to drag AimLoan app to court for sending defamatory messages to him and people in his phone contacts. The AimLoan customer has given the lending platform 7 days to retract its defamation about him sent to his contacts and apologize for such unethical misdemeanor.

Google Play Store should really rein on sham lending platforms violating its policy on loan apps and if such persist, the internet giant should ban them from its Play Store. Google should be able to set new rules for loan apps in Nigeria to host on its platform as it did in India.

Loan apps that send defamatory and public shame messages to their customers have no reason been in operation in Nigeria, and has no reason been harboured in an highly rated internet platform such as the Play Store of Google.

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Read Also: Top 10 Best Reputable Betting Companies In Nigeria 2022

Read Also: See The Reply This Female Secretary Gave Her Boss For Telling Her To Cook For Him On Her First Day At Work

If you need a reputable and reliable instant loan app in Nigeria, you can apply for quick cash loans from other platforms apart from ALAT By Wema app. However if you are a business owner, you can apply for a bigger loan amounts from Lendigo platform. The funds can be used to grow and expand your business.

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We should also add that if you are a Nigerian or non Nigerian but resident in United States (USA), you can apply for an emergency cash advance loan even if you have a poor or bad credit rating. Please ensure you avoid like a plague any of the following top 22 loan sharks in Nigeria. They are scam, fraudulent and fake loan apps in Nigeria.

And if you ever planning to study abroad or you have someone who does, then check this out: Top Requirements For Nigerians Planning To Study Abroad In Germany. And if you are a student and need loan desperately even with bad credit, then this is for you. And if you are wondering which option of university to choose to study abroad,
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If you are running a small or medium scale business in Nigeria and you need affordable and reliable accounting software to automate your financial processes, then this is for you: Top 13 Best Accounting Software For Small Businesses In Nigeria and you can contact these Top 8 Best Accounting Software Companies In Nigeria 2022 to implement it for you. They will also train your staff. The first on the list: Skytrend Consulting Ltd is specially recommended for you.

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About the Author: Femi Adeoya

Mr Femi Adeoya is a Chartered Forensic Accountant and a Certified Fraud Examiner. He has over 20 years professional work experience in accounting, finance and business management processes. As an Accounting Software Expert, he has implemented and supervised accounting solution set up of over 50 small and medium businesses in Nigeria. As a passionate blogger, Mr Adeoya is an ardent writer and communicationist. He is the CEO of QUICK LOAN ARENA (quickloanarena.com), the number 1 loan apps review website in Nigeria. He is very passionate about the quick and instant loan industry in Nigeria and has written over 200 reviews on different loan apps and digital banks in Nigeria, USA, Canada and UK.

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