Abiodun Oyediran, a Lagos resident, applied for a N30,000 loan on the Ultracash app on August 2. This loan, and a fault of the loan provider, has led to insult and hostility towards not only Oyediran but FIJ.
Immediately after taking his N30,000 loan, Oyediran found out that Ultracash disbursed only N20,000 to him.
Now, an agent from the lending app has vowed to send messages to Oyediran’s contacts to label him a fraudster.
Oyediran told FIJ that he got a no-reply SMS reminder on August 7, two days before the loan expiration, that he would still have to pay N31,200 for a N30,000 loan.
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On August 9, he got a call from an Ultracash agent asking him to repay his loan. He said that when he requested an explanation for the irregularities, “that is how we do on this platform” was the response he got.
A screenshot of Oyediran’s chat with the Untracash agent on WhatsApp.
“l told him I was not going to pay. He was seriously threatening me. He said he was going to publish my name all over the internet that I was a fraudster. We dragged the matter for two days,” Oyediran said on Thursday.
Oyediran told FIJ that as soon as he later conceded to pay the N31,200, he got a fresh round of shock.
“By the time I opened their app after I had decided that I would pay the N31,200, I discovered that they had shot the money up to N36,600,” Oyediran narrated.
He also explained that the money he had intended to use to clear his debt did not get to him on time, but he managed to pay N10,000 he had at that moment, planning that he would only have N21,200 left to pay. But the agent called him a second time, threatening again.
READ ALSO: Ultracash Won’t Refund Kaduna Customer After Receiving N171,000 Loan Repayment Twice
“He said I only had two hours, if not, he was going to send messages to all my contacts that I defrauded them,” Oyediran told FIJ.
“Not only that. He said the N10,000 I had paid was only an overdue charge; that I still have to pay N7,400 making N17,400 for defaulting, after which I would still have to pay the original N31,200. So, I told him that that would amount to me paying N51,000 on the N20,000 they gave me for 7 days.
“All this got me irritated, and I called his bluff that he should go ahead and do his worst.”
When FIJ put a phone call through to the agent that Oyediran provided, the voice at the end confirmed that they were an agent of Ultracash. But when FIJ introduced the subject, the male voice asked what business he had with FIJ.
“What is my business with that, oga? Comot for my phone,” he said before ending the call.
The post Ultracash Agent Lashes Out at FIJ After Loan App Scams Client appeared first on Foundation For Investigative Journalism.