Does a Loan from a Finance Company Destroy Your CBN Credit Rating? The Shocking Truth and What It Means for Your Future Loans
Introduction: Imagine you handle your credit responsibly—make timely payments, manage debt sensibly—and suddenly you’re denied a new loan. Frustrating, right? In Canada and the U.S., a loan from a finance…
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How Nigerian Finance Companies Handle Non-Performing Loans—And What Happens to Your Collateral (Could Be Risky or Protected)
Introduction What Are Non-Performing Loans (NPLs) — And Why Should You Care? If you’ve ever borrowed money, chances are you’ve heard the term non-performing loan. But what does it mean…
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The Dangers of Borrowing from Unlicensed Finance Companies in Nigeria – How to Spot a Scam
Introduction When you’re running a small business in Nigeria—or trying to support one from Canada or the U.S.—the pressure to secure funding fast can push you into the arms of…
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What Happens If You Default on a Loan from a Nigerian Finance Company? Aggressive Recovery Practices Exposed
Introduction When you take a loan, you expect two things: a financial lifeline and fair treatment. But in Nigeria’s rapidly evolving lending landscape, defaulting on a loan—intentionally or not—can trigger…
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Why Your Small Businesses Can Be Redlisted by Nigerian Finance Companies – And How to Avoid It
Introduction For small businesses eyeing cross-border growth from Nigeria into Canada or the U.S., the financial health of your company is everything. But what happens when your business name pops…
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What happens to your investment when Nigerian finance company goes under? Investor protection explained
Don’t Lose It All: What Every Diaspora and Local Investor Must Know About Collapsing Lenders It starts like this: promising interest rates, sleek marketing, glowing testimonials, and monthly returns that…
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Money Without Deposits: How Nigerian Finance Companies Actually Make Their Profits
Discover the Untold Truth Behind the Business Model That Keeps Non-Bank Lenders Thriving When most people think of financial institutions, they think of banks. You know the drill: deposit money,…
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Shocking Truth Behind CBN Guidelines: How Nigerian Finance Companies Are Really Regulated—And What Every Smart Borrower Must Avoid (or Leverage)
Introduction: If you’ve ever taken a loan from a Nigerian finance company—or you’re planning to—then you’ve already encountered the influence of CBN Guidelines whether you know it or not. But…
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BVN: Shocking Truth Revealed: How Do Finance Companies in Nigeria Use Your BVN and Bank Data to Make Lending Decisions?
Introduction Why Your Bank Statement Says More Than You Think In Nigeria’s fast-evolving fintech landscape, your Bank Verification Number (BVN) and personal banking data are the new credit score. If…
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Shocking Truth Revealed: Why Some Nigerian Finance Companies Offer Bigger Loans Than Microfinance Institutions (And What It Means for You)
Introduction: Nigerians seeking credit often find that certain finance companies in Nigeria can extend much higher loan limits than traditional micro‑finance institutions (MFIs). Why does this disparity exist? And what…
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