A little sad story
Nov 02, 2024 3:01 pm
I have been there.
I know what exactly it is.
An emergency occurs. There's no savings anywhere to bridge the gap.
Reached out to friends, no one is buoyant enough to help, and you are not eligible for any bank loan.
The emergency is a serious one. Can't be delayed. Can't be postponed. Can't be ignored. Can't be overlooked.
After series of worries, anxieties, you took the last dip...on to a loan shark it is. And as usual they came through.
Hmmm...it's few weeks down the line now.
The emergency is over now. Eyes can see clearly now.
You reached out to the customer care of the loan shark to know how much is left for you to pay back.
Only for you to be told that the loan of #500k requires a payment of N800k to be cleared off.
How??!! You screamed in disbelief.
This can't be true.
Then they sent you the repayment schedule for the first time in the lifetime of the loan.
You were shocked to find out that it's the truth. You have N800k to pay the loan shark for you to be out of debt.
But it still does not answer the question in your heart - How did it happen?
It is because of that I did a video on my YouTube channel - Street Banker - to explain how loan sharks are ripping people off.
Watch it here now. https://youtu.be/W7HEkRtE8w0?si=yxpVEoi_gB-6WhX6
If you are stuck in debt, you can't find your way to wealth.
Watch it and share it with your loved ones.
Bella Ciao
PS:
Do you have any topic in finance you want me to discuss?
Please reply to this email.
I will be glad to hear from you.