funmi
Verified member
Some people did not know the main reason why they apply for loan at a times. They don't know that when they use loan money anyhow, it could back fire one day.
I have seen people who patronize two or more loan companies to off set their debt which may even plugged them into more debts.
There are some loan companies like gurumi,Seap,lapo in Nigeria. Some women, will collect loan from Seap to pay for the loan their are repaying at lapo, or Seap. This has not really helped them to fulfill the initial purpose of taking the loans.
There fore, I will advise people to stop collecting loans from two or more loan companies as this will plugged them into more debts. We should try to maintain one loan company to avoid embarrassment.
I have seen people who patronize two or more loan companies to off set their debt which may even plugged them into more debts.
There are some loan companies like gurumi,Seap,lapo in Nigeria. Some women, will collect loan from Seap to pay for the loan their are repaying at lapo, or Seap. This has not really helped them to fulfill the initial purpose of taking the loans.
There fore, I will advise people to stop collecting loans from two or more loan companies as this will plugged them into more debts. We should try to maintain one loan company to avoid embarrassment.