Yes, Online Loans Pilipinas Financing Inc. is a legitimate and SEC-registered company in the Philippines. Here’s how you can confirm their registration: Online Loans Pilipinas Website: They claim to be registered with the Securities and Exchange Commission (SEC) on their website itself. They mention their registration number: CS201726430, CA No. 1181 SEC Website: You can directly […]
What Is The Maximum Interest Rate Allowed By Law In Philippines
In the Philippines, there isn’t a single, absolute maximum interest rate set by law. However, there are regulations in place to prevent excessively high-interest rates and protect borrowers. Here’s a breakdown of the regulations impacting interest rates: Usury Law (Act No. 2655) Base Rule: This law sets a ceiling of 6% per annum for loans where […]
How Do i Stop Online Lending Harassment?
Here’s a comprehensive guide on how to stop online lending harassment in the Philippines. It’s important to act decisively and understand your rights: 1. Document the Harassment Keep records: Save screenshots of messages, call logs, and any other evidence of harassment directed at you or your contacts. Note details: Record the date, time, content of the harassment, […]
