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Opinions: What Are Your Views About Online Loan Apps?
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[QUOTE="Setho, post: 221257, member: 29023"] If you look around social media today you are always going to be seeing some people soliciting for funds at one point or the other because they have reached a deadline of a loan that they collected online . This is actually a very sad situation to be in . I believe that a majority of this kind of issues are existing because traditional banks usually do not like lending out money and a lot of those loan sharks that are hovering around online are actually from foreign companies . They usually attach a very ridiculously high interest rate and a lot of people have no option than to actually go for them. When it comes to the individuals , are usually advise that you should look for other ways of getting money first of all before you should try loan applications as you can always ask about your family members or your friends. I think that it is also important that the Central Bank of Nigeria should be able to at least interact with the commercial banks in such a way that they can be able to give out overdraft to their customers in case of any kind of emergency . [/QUOTE]
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