While the law does not encourage non-payment of loans, some laws govern loan collection.
As such, debt collectors have certain limitations that they must not violate while carrying out their assignment.
68 of 1969).
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It also means a loan that has been dormant for not less than three years.
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But that depends on the loan.
However, does that mean you should not pay your loan?
It is actually wrong for you not to pay.
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DISCLAIMER: This article is intended for general informational purposes only and does not address individual circumstances.
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Any action you take upon the information presented in this article is strictly at your own risk and responsibility!
He graduated with a degree in Mass Communication from The Polytechnic, Ibadan, Nigeria.
He has curated the facts and life hacks category since 2018.
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Dr Favour is the author of several books available on Amazon.
He currently lives in Nigeria.
Email: favouradeaga@gmail.com
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Image: pixabay.comSource: UGC
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