This is How Loan Sharks Draw You Into Never Ending Debt!- A Deep Dive Into Nigeria’s Crazy Loan Apps

Hands Up! Hold It There! This week, The Bounce is into the recovery of disbursed principal - which means we are donning our Sherlock caps, along with our fantastic guests, Caleb & Lorenzo, to discuss the debt recovery industry in Nigeria & how it functions. We talk about the common reasons why people take loans, how they get roped into taking loans in the first place and how to get that money back from cunning individuals (if at all!). Enjoy! Don't forget to use #ISWIS or #SWISPodcast to share your thoughts while listening to the podcast on Twitter! Rate the show 5 stars on whatever app you listen to and leave a review, share with everyone you know and if you also watch on YouTube, subscribe, like and leave a comment! 00:00 - 10:03 We Have Loan Sharks! + Weekend Recap 10:03 - 17:23 Rihanna is Pregerrs?! 17:24 - 39:50 Dilemmas 39:51 - 43:30 Being Against Friendships Is Odd 43:31 - 46:29 How Did You Get Into Debt Recovery? 46:30 - 50:22 What Did Debt Recovery Teach You About Life? 50:23 - 1:10:36 How Loan Companies Get Their Money Back 1:10:37 - 1:22:58 How Do You Deal With Your Conscience After Lying to People to Take Loans? 1:22:59 - 1:38:10 What are the Reasons People are Borrowing Money? 1:38:11 - 1:54:13 The Future After Debt Collection + Dating in Lagos Remember to sign up and send money to your loved ones using Coins By Bamboo; using our code ‘ISWIS’! and our link: https://app.adjust.com/1m9ph3zo Make sure to follow us on Twitter: @ISWISPodcast Instagram: @isaidwhatisaidpod Youtube: @isaidwhatisaidpod Hosted on Acast. See acast.com/privacy for more information.