Facing court trial for a defaulted mobile loan

mbog

Senior Villager
#1
Wadau, last year I took out a mobile loan and have defaulted for a while since I was out of work and my side hustle wasn't really working out for me. Sasa nimetumiwa letter stating that legal action has been taken against me and I have 14 days to complete my loan, but I start a new job tomorrow na siezi lipa pengine Hadi end month. I want to know what is the worse that could happen if I fail to comply
 

mbog

Senior Villager
#3
you'll probably have to pay a fee
that is why I first save some money and then buy what I want without loans etc.
Was in one of those situations where I had no options. I have all intentions of repaying just not now lakini wale majamaa ain't hearing none of it
 
#5
If you don't pay within the 14days na uende kotini....the courts will compel you to pay....plus legal charges...in short lipa deni.. shenji
 
#6
Wadau, last year I took out a mobile loan and have defaulted for a while since I was out of work and my side hustle wasn't really working out for me. Sasa nimetumiwa letter stating that legal action has been taken against me and I have 14 days to complete my loan, but I start a new job tomorrow na siezi lipa pengine Hadi end month. I want to know what is the worse that could happen if I fail to comply
Flush the letter down the toilet and sit pretty. Nothing will happen to you. They won't and can't take you to court.
 
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#9
If you don't pay within the 14days na uende kotini....the courts will compel you to pay....plus legal charges...in short lipa deni.. shenji
Even banks never take people to court, unless they want to auction a property attached to your loan. For unsecured loans the worst any lender can do is to blacklist you.

They can take you to court. There was a case around last week or so, let me check.
 

krypter

Village Elder
#10
I can guess that those ferkers who gave you the loan are iPesa and the letter forwarded by Wambugu advocates. they once did the same to me na all i did was to pay
 

thesavage

Village Sponsor
#11
Even banks never take people to court, unless they want to auction a property attached to your loan. For unsecured loans the worst any lender can do is to blacklist you.
If the court rules in their favour you will pay much more than you owe them. In fact, you could end up being dispossessed of very valuable assets.
 

Use Less

Village Elder
#15
Wadau, last year I took out a mobile loan and have defaulted for a while since I was out of work and my side hustle wasn't really working out for me. Sasa nimetumiwa letter stating that legal action has been taken against me and I have 14 days to complete my loan, but I start a new job tomorrow na siezi lipa pengine Hadi end month. I want to know what is the worse that could happen if I fail to comply
These are empty threats. Just pay when you can. They can't take you anywhere except CRB (which they must have done anyway), if they are still allowed to do that.
 
#17
Flush the letter down the toilet and sit pretty. Nothing will happen to you. They won't and can't take you to court.
Exactly! That is just to threaten you to pay. Lenders dread and avoid courts like a plague...because if you are arraigned and claim that uko na majukumu i.e rent, food, kulipia mtoto wa sistako fees etc, the court can even order ulipe decimal amounts of cash like 200bob/ month . Trust me
 

magazine

Village Elder
#18
If the court rules in their favour you will pay much more than you owe them. In fact, you could end up being dispossessed of very valuable assets.
not really, the courts usually Ask the defaulter the amount they can pay monthly, hata ukisema 10 bob, they write that down, mind you, this is tied to the loan amount plus interest which must not exceed 100% , . defaulting is not a criminal offence that's why banks avoid the courts way unless it's a huge amount since the bank will incur extra costs in lawyers fee. Banks would rather write off those small amounts esp. unsecured ones.
 

JM. Pombe

Village Elder
#19
A letter is barely proof that legal action against you has been raken. Hio ni matisho ya kukuweka baridi.

Also, is your loaned amount worth a case in court? Ni lender yupi huyo?
 

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