Stage 1 Continuous threatening messages from loan app Agents. Some of their agents will even act as your friends and tell you that you should remove his/her name as your guarantor.
Stage 2 Initial defamation: Messages will be sent to 10 - 50 people, depending on the loan app.
Stage 3 Negotiation stage: They will call you to negotiate, suggesting you pay the initial interest and capital while they waive the overdue interest.
Stage 4 Apology Stage: You may receive a call apologizing for the misconduct of one of their agents, with a promise to send an apology letter to your contacts when you pay.
Stage 5 Final defamation Stage: Messages sent to all your contacts, typically around 200, depending on the loan app. Each message costs around 20 naira, so they try to avoid further losses.
Stage 6: Yipee! You are now free: You are now free from loan sharks. Remember never to read their messages; the more you read, the more harm (K*11ing) you do to yourself, and the deeper depression may set in.
