How I Learned to Handle Loan Sharks

How I Learned to Handle Loan Sharks
Details

I used to think I would never miss a loan payment. I borrowed 200k from Palmcredit and 150k from Easimonie, and I always paid them back on time. Sometimes, I was a little late, but never more than two days.

I used to think I would never miss a loan payment. I borrowed 200k from Palmcredit and 150k from Easimonie, and I always paid them back on time. Sometimes, I was a little late, but never more than two days.

In February and March, I spent 400k each month just to pay back loans. I didn't worry about other loan apps until I realized I couldn't pay back a loan I took in April. My brother was sick, and I couldn't meet the May 11th deadline.

That's when I got into trouble with 7-day loan sharks. They kept calling, texting, WhatsApping, emailing, threatening, cursing, and even begging.

It's been 27 days since I stopped paying back over 30 loan apps. I deleted their apps and upgraded my Truecaller to block their calls. Now, I just sit back and watch their calls get blocked. When they message me on WhatsApp, I read some and laugh. I sometimes reply nicely to those who are polite because I plan to pay them back if they don't ruin my reputation.

I block the rude ones and move on with my life. The only thing these loan agents can do is try to scare you. They think you don't want your friends and family to know about your loans. Don't let them scare you. Show them you don't care, and you will feel free.

Right now, I'm not stressed about how to use all my money to pay off loans in May. I plan to share 50k among them. Any of them who gets 5k should be thankful. Next month, I'll do the same. Little by little, I'll handle it.


Join our Facebook Group


Comments (3
  • User loan Review

    Baba you mad gan o

    • 9/23/2024
  • User loan Review

    You strong oo baba abeg give me small make me sef strong ooo

    • 10/11/2024
  • User loan Review

    I dey follow your footsteps mentor

    • 6/13/2025
Write a comment
Related Testimonies
How I broke free from the claws 35 loan apps
How I broke free from the claws 35 loan apps - Loan Shark Review
7,308
   
0
Practical steps to be free from Loan Shark Apps
Practical steps to be free from Loan Shark Apps - Loan Shark Review
3,885
   
0
This website and Say no to Sokoloan Facebook group are God sent to me
This website and Say no to Sokoloan Facebook group are God sent to me - Loan Shark Review
3,167
   
0
Stages to pass through before you'll finally know the truth about Loan Sharks
Stages to pass through before you'll finally know the truth about Loan Sharks - Loan Shark Review
2,979
   
0
FAQ
The Impact of Loan Apps on Financial Well-being (Somemoney (YMONEY and ZMONEY))
The Impact of Loan Apps on Financial Well-being (Somemoney (YMONEY and ZMONEY))

The Impact of Loan Apps on Financial Well-being

View Details
Ajomoni loan
Ajomoni loan

Financial help should never come with confusion or hidden fees. Ajomoni is a digital lending platform built on the principles of transparency, fairness, and full regulatory compliance. We provide Nigerian borrowers with access to regulated loans backed by clear terms, competitive interest rates, and upfront fee disclosure

View Details
EZLoan-Installment Cash Loan
EZLoan-Installment Cash Loan

When life needs cash now, EZLoan delivers. EZLoan is a digital lending platform

View Details
SureFund - Fast Loan, Trusted
SureFund - Fast Loan, Trusted

Life moves fast. So do we. SureFund is a mobile lending platform operated by Fleetwood Lending Limited, a licensed financial services provider in Nigeria. We exist to give you fast, fair, and flexible access to personal loans — whether you're covering an emergency, managing daily expenses, or investing in a small business idea.

View Details
Sharp Collect - Quick Money
Sharp Collect - Quick Money

When unexpected expenses arise, Sharp Collect provides instant financial solutions tailored to your needs. As a trusted lending partner, we combine speed with transparency to help you access funds without stress or hidden surprises.

View Details
Loan App Interest Rates: What You Need to Know (Cocoaloan - Personal Loan)
Loan App Interest Rates: What You Need to Know (Cocoaloan - Personal Loan)

Loan App Interest Rates: What You Need to Know

View Details
Are These Loan Apps Safe (Pal Loan)
Are These Loan Apps Safe (Pal Loan)

Are These Loan Apps Safe

View Details
Sika Boost
Sika Boost

Sika Boost presents itself as a digital lending platform operating in Ghana, offering mobile-based financial solutions designed to provide quick access to funds for individuals across the country.

View Details